US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Here's How Much $1000 Invested In PDD Holdings 5 Years Ago Would Be Worth Today
PDD Holdings (NASDAQ:PDD) has outperformed the market over the past 5 years by 31.54% on an annualized basis producing an average annual return of 44.4%. Currently, PDD Holdings has a market
Meituan fights for low stock prices.
Fight back to the end.
Lei Jun is going to challenge the ten-million-level racing.
The Long March has just begun.
The Top Growth Stocks, Ranked by Seeking Alpha Analyst Ratings
Alipay has once again surged to the forefront.
Consolidate the position.
Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
"Beautiful Little Waste" attracts Lei Jun to enter the game.
Author: Huang Yu / Editor: Zhou Zhiyu. "Beautiful little waste?" On July 12th, Xiaomi founder Lei Jun's statement on Weibo sparked speculation and discussion. As the most savvy marketer, this entrepreneur undoubtedly created buzz for Xiaomi's upcoming first small folding phone (also known as the "vertical folding phone") and implied that Xiaomi wants to change the stereotype left by previous small folding phones. Xiaomi values its upcoming first small folding phone. Recently, Xiaomi's product manager Wei Siqi revealed to the public that the release conference of Xiaomi MIX Fold 4 (large folding) and Xiaomi MIX Flip (small folding) will be held.
Cainiao is aligning with SF Express.
Author | Huang Yu Editor | Zhou Zhiyu A year ago, Cainiao, who was planning to go public on the Hong Kong Stock Exchange, launched its self-operated express delivery business, Cainiao Express. A year has passed, and although the listing plan has long been shelved, Cainiao Express has been expanding vigorously and accelerating its penetration into SF's territory. Cainiao Express has now set its sights on the same-city distribution business. On July 11, Cainiao Express announced the launch of same-city express delivery service in Guangzhou, offering same-day delivery within the city. This is the first time Cainiao Express has formally launched same-city distribution services. Prior to this, there were rumors in the industry that Cainiao Express planned to expand into the same-city distribution business, and would focus on services such as same-day delivery and same-city delivery within half a day.
Localization of suppliers! Temu starts digging into Amazon's corner.
Temu hopes to be more like Amazon, in order to reduce supply chain risks and provide faster delivery; while Amazon is imitating Temu, because it cannot ignore the fact that some consumers value low stock price over convenience.
Asia Markets Mostly Advance, Japan's Nikkei Crosses 42,000 Mark, Eyes on US CPI Report
"China ChatGPTs" struggle to attract customers.
Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.
Alibaba Using Gen AI Tools to Help Foreign Merchants - Report
Alibaba's (NYSE:BABA) international e-commerce unit is using generative AI-backed tools to help foreign merchants with translation, content creation and product returns, Reuters reported, citing group vice president Kaifu Zhang.
PDD Holdings's Options Frenzy: What You Need to Know
Investors with a lot of money to spend have taken a bullish stance on PDD Holdings (NASDAQ:PDD).And retail traders should know.We noticed this today when the positions showed up on publicly
US stocks hit new highs, with Nvidia up 4.4% leading the technology stocks, Tesla rising for ten consecutive days, and Apple having the highest market cap.
The Nasdaq and S&P 500 large caps hit a new intraday high again, while the Dow Jones weakened; the US stock market's "Seven Sisters" rose except Microsoft, with Nvidia leading the gains, up nearly 4.4%, while Tesla rose more than 2% for ten consecutive days; Apple rose more than 0.6% and still has the highest market cap; chip stocks generally gave back more than half of their gains after rising, Arm Holdings and KLA Corp hit new intraday highs again; Chinese concept stocks index rose.
Tencent Video has released a blockbuster for the summer.
Can the popular products continue?
Why Do Chinese Stocks Keep Faltering?
BofA Securities China Equity Strategist Winnie Wu says that's due to a combination of factors, including pressures on China's economy and company earnings, as well as a tense geopolitical environment. She says investors should trim SOE holdings and add quality beta stocks.
Nio Faces Bearish Option Position as Stock Tumbles Along With EV Peers
Nio saw a financial giant take a bearish position on the stock after the European Union announced it's imposing provisional duties on Chinese electric vehicle makers.
Tencent wants to invest money in the most critical areas.
They voluntarily withdrew or contracted many businesses.
PDD Holdings Unusual Options Activity
High-rolling investors have positioned themselves bullish on PDD Holdings (NASDAQ:PDD), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's