Market Mover | PDD Shares Drop 5% After U.S. to Propose Trade Rules to Reduce China Package Volume
S&P 500 Gains For 4th Straight Session Amid Rise In Nvidia, Alphabet, And Other Tech Stocks: Greed Index Remains In 'Fear' Zone
Adobe, RH And 3 Stocks To Watch Heading Into Friday
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
US stocks closed: Technology breaks through to lift the index, Nasdaq and S&P jointly achieve four consecutive gains.
① After four consecutive days of gains, the S&P 500 index is still 1.3% away from its historical high. ② Warren Buffett's deputy sold more than half of Berkshire Hathaway's positions, causing the stock price to fall for the seventh consecutive day. ③ AirPods Pro transforms into an OTC hearing aid, with FDA approval for Apple's hearing assistance software. ④ Gilead's HIV prevention drug delivers positive results once again.
DouYu International Holdings Limited (DOYU) Q2 2024 Earnings Call Transcript Summary
103263621 : Yes indeed. Now wait for Q3 ER
ZnWC : Pipe dream
Its stock looks cheap, but it won't soar much higher in this tough market.
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