US stocks closed: S&PNA pointed out two consecutive years, regional banks fluctuated sharply, and bank stock indices fell to their lowest level in two and a half years

At midday trading, the Dow maintained its decline and fell as deep as 124 points or 0.4%. The S&P market and the NASDAQ turned upward. Previously, they fell 0.2% and 0.5% respectively. S&P was mainly boosted by the energy sector's rise of nearly 1%.

By the close, the S&P 500 index had been rising for two days and had recovered its decline since last Tuesday. The Dow fell short of a week's high, the NASDAQ had risen two consecutive days until the highest in nearly eight months since September 12 last year, and the NASDAQ 100 was the highest in nearly nine months since August 18 last year:

$S&P 500 Index(.SPX.US)$ It closed up 1.87 points, or 0.05%, to 4138.12 points. $Dow Jones Industrial Average(.DJI.US)$ It closed down 55.69 points, or 0.17%, to 33618.69 points. $Nasdaq Composite Index(.IXIC.US)$ It closed up 21.50 points, or 0.18%, to 12256.92 points. $Invesco QQQ Trust(QQQ.US)$ The Russell 2000 Small Cap Index closed up 0.25% $Ishares Russell 2000 Value Etf(IWN.US)$ Down 0.36%.

Star technology stocks once collectively turned higher in midday trading, only $Microsoft(MSFT.US)$ It fell 0.6% and fell to its highest level in 13 months; $Apple(AAPL.US)$ Close to erasing the 0.8% decline, it still hovers around a nine-month high. “metaverse” $Meta Platforms(META.US)$ After falling 1%, it turned up 0.2% and stopped falling for four days. $Amazon(AMZN.US)$ After falling nearly 1%, it turned up 0.2%, and the five-day increase erased the monthly decline. $Netflix(NFLX.US)$ und $Alphabet-A(GOOGL.US)$ An increase of more than 2%, $Tesla(TSLA.US)$ It rose 1% to a three-week high.

Chip stocks generally rose. $PHLX Semiconductor Index(.SOX.US)$ After falling 0.9%, it turned up 0.6% and stabilized above 3,000 points, rising for two days to a new high of more than two weeks. $Advanced Micro Devices(AMD.US)$ It rose 5.8% to the highest in a month. $NVIDIA(NVDA.US)$ It rose 1.6% to the highest since January last year, but $Intel(INTC.US)$ Decreased by 0.7%. $Qualcomm(QCOM.US)$ After falling nearly 2%, it closed down 0.4%, and will buy Autotalks, a chip manufacturer that produces automobile collision prevention technology in Israel.

AI concept stocks have rebounded. $C3.ai(AI.US)$ It turned up nearly 3%, rising for four days from a three-month low. $BigBear.ai Holdings(BBAI.US)$ At one point, it turned up 5%, and closed up more than 1% close to the monthly high. $SoundHound AI(SOUN.US)$ It rose more than 2% to a new high in nearly three weeks.

The bank stock index turned down, the industry benchmark Philadelphia Stock Exchange $KBW Nasdaq Bank Index(.BKX.US)$ After rising 2% at the beginning of the session, it turned down 0.3%, once again approaching the lowest level since October 2020 set last Thursday. SPDR S&P Regional Bank ETF (KRE) $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ After rising nearly 3%, it turned down 2%, approaching the lowest since October 2020 set last Thursday.

Among the “Big Four US Banks” $JPMorgan(JPM.US)$ 、 $Wells Fargo & Co(WFC.US)$ und $Citigroup(C.US)$ Rising in unison, Wells Fargo led the way with an increase of more than 1%. $Bank of America(BAC.US)$ It turned down at the end of the session. The growth rate of banks in key regions narrowed markedly. At the beginning of the session, the Western Pacific United Bank led regional bank stocks by 30% $PacWest Bancorp(PACW.US)$ It closed up only 3.7%, rising more than 14% at the beginning of the session $Western Alliance Bancorp(WAL.US)$ It once turned down, and finally closed up 0.6%. The one that rose more than 11% at the beginning of the session $Zions Bancorp(ZION.US)$ It also declined for a while, and ended up rising by more than 2%.

On Monday (May 8), local time, the Federal Reserve released the “Financial Stability Report”. The report said that banks' concerns about the slowdown in economic growth may cause them to reduce loans, thereby speeding up the economic decline.

This is the Federal Reserve's first financial stability report since the banking crisis broke out. The last time the report was released was in November of last year.

The report said that the banking industry as a whole is still resilient and has a strong ability to absorb losses. Policy interventions by the Federal Reserve and other institutions have helped ease the pressure on banks and limited the possibility of further deterioration.

On Monday (5/8) local time, ABC News (ABC News) published the rightMicrosoftAn interview with founder Bill Gates. In the interview, Gates talked about his views on artificial intelligence (AI) and the significance of AI for the future of the world.

Gates said he believes AI is very important and will change the rules of the game. He added, “We're often surprised at how good it is, and sometimes we're surprised at what it can't do. Although [this technology] is still in its early stages, it's revolutionary.”

Gates said he believes AI has huge potential in all industries and will change the way we think about things. As an example, he said that in the field of health and education, if used properly, AI will play an excellent role.

US Treasury Secretary Yellen contacted the CEOs of many companies and warned the US that there is a risk of a debt default; if the pressure on banks may cause the crisis to spread, regulators are always ready to use the same tools as in the past; the government has strongly intervened to appease savers and improve bank liquidity, and now banks already have stable deposits; as employment reports show, the US economy is still “stable”; a recession cannot be ruled out, but this is not the most likely path.

US Treasury Secretary Yellen criticized the Republicans' proposal to cut spending in exchange for their agreement to raise the debt ceiling, adding that the Biden administration has come up with a “responsible fiscal proposal.” Yellen said in an interview on Monday that Republicans have proposed a “harsh” spending reduction plan. She said that there is clearly a big gap between this and President Joe Biden's proposal. Yellen also said that although the administration is open to negotiations, it will not conduct negotiations when a “gun” is on the head.

According to US media reports quoting White House officials, the White House and the US Department of Transportation are requestingAmerican AirlinesThe industry is increasing consumer protection policies — requiring airlines to indemnify passengers for flight cancellations and delays “under manageable circumstances”.

In fact, this policy was also “copied” by the White House. The European Union currently requires airlines to notify the cancellation of flights within 14 days before departure, causing the actual itinerary to be delayed, or if the delay is more than 3 hours, unless the airline can prove that the travel interruption was due to “special and unavoidable circumstances.” The amount of compensation is approximately between 250-600 euros, depending on the distance of the flight.

On Monday local time, Tesla CEO Elon Musk said at the groundbreaking ceremony for its lithium smelter in Texas that the plant is expected to produce lithium for about 1 million cars.

Google's parent company Alphabet plans to announce a series of generative artificial intelligence updates, including the launch of the Universal Large Language Model (LLM). According to internal documents on Google I/O seen by the media, the company will launch its latest and most advanced large-scale language model, the Palm 2. PalM 2 includes over 100 languages and has always operated under the internal code name “Unified Language Model.” It also did extensive coding and math quizzes as well as creative writing.

inBerkshireAt Hathaway's annual shareholders' meeting held in Omaha on Saturday, a conservative group's proposal to remove Buffett as chairman of the company was rejected by a large margin. In its proposal, the National Center for Law and Policy called for Buffett to be filled by a different person, saying his relationship with Bill Gates and his political views could hurt investors. Berkshire has stated that as long as Buffett remains the company's CEO, he will continue to serve as chairman of the board. However, once he steps down, the position of chairman of the board will be taken over by a non-management board member.

According to people familiar with the matter,applesBefore the US CPI and PPI data were released, 5.25 billion US dollars of bonds were issued in the US blue chip bond market. The original plan was to issue about 5 billion US dollars. The interest rate on corporate bonds with a maximum tenure of 30 years will have a premium of 108 basis points compared to comparable US bonds, which is about 135 basis points lower than the premium previously discussed. Apple applied to issue five types of bonds with different matures, maturing in 2026, 2028, 2030, 2033, and 2053, respectively.

According to the latest documents from the Hong Kong Stock Exchange,BerkshireHathaway sold 1.961 million shares on May 2BYDThe average reduced price of shares is HK$235.64 per share. The shareholding ratio was reduced from 10.05% to 9.87%. Currently, the number of shares held is approximately 108 million shares. It is worth noting that since August 2022 began to reduce its holdings for the first time, Berkshire Hathaway has reduced its holdings of BYD H shares by a total of about 117 million shares. The reduction ratio has been more than half, and the cumulative cash out has exceeded HK$25 billion.

America's largest meat companyTyson FoodsThe company recorded its biggest decline since March 2020. As of press time, the stock was down more than 15%. Earlier, the company lowered its full-year sales forecast, saying it was facing a “challenging” market environment.