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.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Thursday Ends in Index Declines | Wall Street Today
Qualcomm Unusual Options Activity
Market Falls Thursday, Producer Inflation Grows, and Tech Pulls Back From Records | LiveStock
Google Unveils New OS, Headset With Samsung
Express News | Google: First Device With Android Xr, Code Named Project Moohan & Built by Samsung, to Be Available for Purchase Next Year
Express News | Google: For Qualcomm Partners Like Lynx, Sony and Xreal, Opening a Path for the Development of a Wide Array of Android Xr Devices
Express News | Trump, at NYSE: We're Going to Do Something Great With Crypto, AI; Will Need Electricity
HiBy Launches R6 Pro MAX
Express News | Qualcomm: James Thompson to Retire as CTO
Express News | Qualcomm Announces DR. Baaziz Achour Appointed Chief Technology Officer-Elect
Qualcomm Announces Dr. Baaziz Achour Appointed Chief Technology Officer-Elect
Why Is QUALCOMM Incorporated (QCOM) the Best Self-Driving Technology Stock to Buy According to Hedge Funds?
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Qualcomm Insider Sold Shares Worth $1,665,781, According to a Recent SEC Filing
Qualcomm Insider Sold Shares Worth $1,239,288, According to a Recent SEC Filing
Will QCOM Stock Be Hit If Apple IPhones Ditch Qualcomm Modems?
Semi Stocks Rise Helps Propel Nasdaq Above 20,000 Points
Nasdaq Hits 20,000: Strong Earnings Propel Historic Surge