The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Ideanomics Files for Chapter 11 and Asset Sale
Express News | Ideanomics Inc - Dip Lender to Provide up to $11.619 Million in New Financing
Express News | Ideanomics Inc - Debtors Enter Dip Loan Agreement With Tillou Management
Express News | Ideanomics Inc: On Dec 4, Co, Certain of Its Units Filed Voluntary Petitions for Relief Under Chapter 11
EV Firm Ideanomics Files Bankruptcy After Settling SEC Charges
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
Express News | U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency
Goldman Sachs Raises China Economic Growth Forecasts
China's Stocks Lose Steam as Enthusiasm for Major Stimulus Wanes. What's Next?
Today's Pre-Market Movers and Top Ratings | LI, BABA, NKE and More
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Express News | U.S.-Listed Chinese Stocks Surge in Overnight Trading Following Politburo's Commitment to Fiscal Support
US Listed-Chinese Stocks Surge Tuesday on Policy Boost, Who Is Leading the Way
Express News | U.S.-Listed Shares of Chinese Firms Jump Premarket After China Announces Stimulus Measures
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
Express News | U.S. SEC Says It Charges Ideanomics and Three Senior Executives With Accounting and Disclosure Fraud
Express News | Ideanomics Shares Are Trading Lower After the Company Announced It Will Be Delisted From the Nasdaq
Express News | Ideanomics To Be Delisted From Nasdaq, Trading To Move To OTC Markets On July 11, 2024
Express News | Ideanomics Announces Receipt of Notice From Nasdaq Regarding Listing Delinquency