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.
The Top Growth Stocks, Ranked by Seeking Alpha Analyst Ratings
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.
Apple's Vision Pro Headset Unlikely to Breach 500K Units Sales in 2024 - Report
Asia And Europe Markets Advance, Dollar Retreats After Powell's Dovish Stance - Global Markets Today While US Slept
On Wednesday, July 10, U.S. stock markets closed higher, fueled by gains in Nvidia and other major stocks ahead of upcoming inflation data and earnings reports.The Nasdaq and the S&P 500 set
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 Mostly In Red, European Markets Gain, While Gold Advanced - Global Markets Today While US Slept
On Tuesday, July 9th, U.S. stock markets closed mixed, with the S&P 500 and Nasdaq hitting record highs. The gains were driven by Nvidia's 2.5% rise following Fed Chair Jerome Powell's comments that
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.
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.
Like EM Central Banks, DM Banks Will Need to Keep Rates Higher for Longer - BlackRock
Apple Greenlights Epic Games Marketplace App in Europe
China to Develop Over 50 New Benchmarks for AI Arena by 2026 - Report
China will develop over 50 new national and industrial benchmarks for AI by 2026, Reuters reported citing the Chinese industry ministry.
The pdd holdings of the car industry has come again.
Pdd Holdings is once again disrupting the automobile industry. On June 28th, Leapmotor launched its flagship C16 into the mid- to large-sized SUV market. This large 6-seater SUV is equipped with intelligent driving, an 8295 chip intelligent cockpit, a color TV, a large couch, and 800V fast charging. The entry-level extended-range version costs only 155,900 yuan, while the top-of-the-line pure electric version costs just 185,800 yuan; for reference, similar models such as the QW M7 and the Lixiang L8 start at around 250,000 yuan, while the once acclaimed Toyota Highlander costs a staggering 300,000 yuan. It is clear that Leapmotor aims to firmly maintain its reputation as the "price butcher" while following in the footsteps of the deluxe car manufacturers.
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.
A Closer Look at PDD Holdings's Options Market Dynamics
Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 10 unusual trades.Delving into the details, we found 30% o
Amazon battles Temu! Citigroup still calls for PDD Holdings.
Temu, which rapidly expanded overseas with a low stock price strategy, made Amazon feel a strong sense of crisis. Recently, according to multiple media including The Information, Amazon plans to launch a "discount/low price store" on its shopping website, specializing in the sale of cheap commodities directly shipped from Chinese warehouses to overseas consumers. This new sector of Amazon will provide fashionable products, housewares, and daily necessities of white brands at prices lower than $20, and orders will take 9 to 11 days to arrive at customers. Amazon told Chinese sellers at a recent closed-door meeting that it will start signing merchants this summer.
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.