S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Bitcoin has plummeted, causing market confidence to be hurt. Will the optimistic narrative of cryptos be reversed?
Just in one day, bitcoin's year-to-date gains were nearly halved, dropping 20% from its previous all-time high. Some views suggest that as selling pressure weakens liquidity, bitcoin may further decline.
Option Volatility | AI Stocks on the Radar as Palantir and Super Micro Face Earnings Verdict
Deutsche Bank: Tencent is a "safe haven with a catalyst".
Morgan Stanley predicts that Tencent's gaming business is expected to achieve high growth in Q2 of this year and become a leading indicator for the company's future profits exceeding expectations. Morgan Stanley set a target price of HKD 450 for Tencent's Hong Kong stocks, which is 25.6% higher than the Friday closing price.
Meituan sets its sights on small businesses like nail salons.
Explore the potential of the industry chain.
Before Tesla entered the game, Luobu Kuaipao provoked domestic robotaxi competition | Jianzhi Research.
The domestic Robotaxi is gradually forming a dual competition pattern between internet-related companies and travel service companies.