The Nasdaq fell nearly 1%, while small cap stock index rose over 1%. Nvidia turned higher after falling about 7%, and silver saw its deepest decline at 5%.
Continuously updating... Investors continue to sell technology stocks and buy blue chip and small cap stocks. The S&P 500 has fallen for three consecutive days, and the chip stock index opened low and fell by half. The Dow Jones and Russell small cap stock index rose throughout the day, and Tesla rose by as much as 4.6%. After rising 0.7%, the China concept stock index turned to a 0.7% decline. New Oriental fell 5.5% after Dong Yuhui resigned, while Xiaopeng and Li Auto rose nearly 2%. The European stock of French luxury goods giant Kering Group's Yoox Net-a-Porter fell more than 7% to a seven-year low. US bond prices rose and fell, leading the global bond market before the release of positive US second quarter GDP data. Offshore RMB surged more than 600 points on Thursday and rose more than 0.7% for three consecutive days, while the yen rose as much as 1% to a two-and-a-half-month high. Ethereum futures fell more than 6.7% on the third day of ETF listing, and London copper fell below $9,000 per ton for the f
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"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.