A debt crisis loomed over the market at the end of the day, and the three major indices collectively fell; chip stocks generally fell, and Nvidia and Intel fell about 2%

By the close, the S&P, NASDAQ, and NASDAQ 100 all had stopped rising for two consecutive days. The Dow index had fallen for two consecutive days. The NASDAQ index had fallen to its highest level in nearly eight months since September 12 last year, and the NASDAQ 100 had fallen to its highest level in nearly nine months since August 18 last year:

$S&P 500 Index(.SPX.US)$ It closed down 18.95 points, or 0.46%, to 4119.17 points. $Dow Jones Industrial Average(.DJI.US)$ It closed down 56.88 points, or 0.17%, to 33561.81 points. $Nasdaq Composite Index(.IXIC.US)$ It closed down 77.36 points, or 0.63%, to 12179.55 points. $Invesco QQQ Trust(QQQ.US)$ fell 0.7%, $Ishares Russell 2000 Value Etf(IWN.US)$ The index fell 0.3%.

The 11 S&P sectors generally closed down. $Materials Select Sector SPDR ETF(XLB.US)$ und $The Technology Select Sector SPDR® Fund(XLK.US)$ It fell nearly 1%, $The Communication Services Select Sector SPDR® Fund(XLC.US)$ fell 0.63%, $Financial Select Sector SPDR Fund(XLF.US)$ fell 0.37%, $Energy Select Sector SPDR Fund(XLE.US)$ A slight increase of less than 0.1%, $Industrial Select Sector SPDR Fund(XLI.US)$ The increase was less than 0.2% and the biggest increase.

Star tech stocks had mixed ups and downs. “metaverse” $Meta Platforms(META.US)$ After falling 1%, it went up more than 1%. At the end of the session, it almost closed down but continued to rise for two days. $Apple(AAPL.US)$ It fell 1%, and is still not far from a nine-month high. $Amazon(AMZN.US)$ It turned up 0.8%, breaking the highest level in the month for six consecutive days. $Netflix(NFLX.US)$ It turned 0.3%, the highest in more than three weeks. $Alphabet-A(GOOGL.US)$ fell 0.4%, $Tesla(TSLA.US)$ fell 1.5%, $Microsoft(MSFT.US)$ It fell 0.5%, but it is not far from a 13-month high.

Chip stocks generally fell. $PHLX Semiconductor Index(.SOX.US)$ It fell nearly 2% and fell below 3,000 points to break away from a new high of more than two weeks. but $Advanced Micro Devices(AMD.US)$ After falling 1.7%, it turned up, reaching a new one-month high. $NVIDIA(NVDA.US)$ It fell 2% and fell below a 15-month high. $Intel(INTC.US)$ It fell more than 2% to a one-week low. $Western Digital(WDC.US)$ At one point, it fell 5.5%, and financial reports were also released $GlobalFoundries(GFS.US)$ fell by more than 9%, $Skyworks Solutions(SWKS.US)$ At one point, it fell by more than 12%.

AI concept stocks continued to rebound. $C3.ai(AI.US)$ It rose more than 3%, rising for five consecutive days from a three-month low to a nearly three-week high. $BigBear.ai Holdings(BBAI.US)$ After rising more than 16%, it closed up more than 6% to a three-week high. $SoundHound AI(SOUN.US)$ After erasing an increase of nearly 5%, it settled down, but it also remained at a three-week high.

The regional bank stock index fell for two consecutive days. Philly Stock Exchange, the overall industry benchmark $KBW Nasdaq Bank Index(.BKX.US)$ After falling 1.7%, it turned up, hitting its lowest level since October 2020 last Thursday. The KBW Nasdaq Regional Bank Index (KRX) closed down 0.7% after falling more than 2%, approaching the lowest since November 2020, which was set last Thursday; $Spdr Series Trust S&P Regional Bkg Etf(KRE.US)$ After falling 2.5%, it closed down 0.4%, approaching the lowest since October 2020, which was set last Thursday.

Among the “Big Four US Banks” $Citigroup(C.US)$ und $Wells Fargo & Co(WFC.US)$ Turning upward, J.P. Morgan Chase and Bank of America's declines narrowed significantly. The decline in banks in key regions narrowed after noon trading. $PacWest Bancorp(PACW.US)$ After falling 10%, it went up more than 2%. $Western Alliance Bancorp(WAL.US)$ After falling nearly 8%, it closed down more than 1%. $KeyCorp(KEY.US)$ After falling 3%, it turned up 0.4%, $Zions Bancorp(ZION.US)$ After falling more than 3%, it turned up 0.7%.

$Airbnb(ABNB.US)$ The first-quarter room dinner and experience bookings fell short of expectations. Up to 2.5 billion US dollars of shares will be repurchased. The second-quarter guidance was lower than expected, and the stock price fell more than 10% after the market.

Payment giants $PayPal(PYPL.US)$ It fell nearly 13%, the biggest drop in a year and the lowest since late 2017. Revenue and profit for the first quarter were better than expected. Profit guidance for the full year was more optimistic, but profit guidance for the second quarter was weak.

Dow constituent stocks $Boeing(BA.US)$ The highest increase was nearly 4%. European low-cost Ryanair ordered up to 300 737 Max aircraft, worth 40 billion US dollars.

$Novavax(NVAX.US)$ The highest increase was over 52%, with a closing increase of nearly 28% to the highest in three months. The latest favorable vaccine data was released. Last month, questions were raised about the ability to maintain business. Revenue declined sharply in the first quarter, and losses per share were better than expected.

“Silicon Valley's Most Mysterious Big Data Analytics Company” $Palantir(PLTR.US)$ It rose 23% to a three-month high. Revenue and profit for the first quarter exceeded expectations. It is expected to remain profitable every quarter of this year. This is the second time that GAAP net profit was positive in the first quarter of this year.

Sportswear and footwear retailer $Under Armour-C(UA.US)$ (Under Armour) fell as deep as 9% to a two-month low. Revenue and earnings for the first quarter exceeded expectations, but quarterly gross margin was damaged by excessive promotions, and the outlook for annual revenue and earnings per share was poor.

There is frequent news about electric vehicle companies. $菲斯克(FSR.US)$ At the beginning of the session, it fell more than 16% to a two-month high. Losses per share in the first quarter exceeded expectations and production guidelines for the whole year were lowered. $Lucid Diagnostics(LUCD.US)$ At one point, it fell by more than 11%. Demand concerns caused losses in the first quarter to exceed expectations, saying there is enough cash to maintain operations until the second quarter of next year. $Nikola(NKLA.US)$ It fell 13%. After withdrawing from the European joint venture, the focus of business returned to North America, and losses increased year-on-year in the first quarter.

On the 9th local time, US President Joe Biden began negotiations at the White House with party leaders from both parties in Congress to raise the debt ceiling. The negotiations continued for less than an hour. Since the positions of the Democratic Party and the Republican Party are still very different, no progress was made in the negotiations that day.

Speaker of the US House of Representatives and Republican McCarthy said that this meeting did not reach any useful opinions on resolving the debt ceiling issue, and that he and several other congressional party leaders will meet with President Joe Biden again on the 12th.

Before the meeting began, when asked if the debt ceiling would be extended in the short term until September 30, McCarthy said he rejected the proposal to extend the debt ceiling in the short term.

On Tuesday (May 9) local time, Mark Branson, head of Germany's Federal Financial Supervisory Authority (BaFIN), warned that in the current market turmoil, the German banking system is undergoing a real stress test. He anticipates a serious weakening in the commercial real estate sector.

In March of this year, the bankruptcy of the Bank of America's Silicon Valley caused the banking industry to fall into turmoil, causing the industry to continue to receive market attention. Central banks, led by the Federal Reserve, generally aggressively raised interest rates last year, causing specific market chaos, and the pressure on the banking industry intensified.

On Tuesday (May 9) local time, the Chairman of the New York Federal ReserveWilliamsIt said that inflation is still too high, and the Federal Reserve has not clearly indicated that the interest rate hike cycle is over. He stressed that there is no reason to cut interest rates this year, and when deciding on future monetary policy, he will pay close attention to the impact of recent banking pressure on the economy.

On Tuesday EST, Anthropic, an artificial intelligence (AI) startup supported by Google, announced a set of written moral values for the development of AI, which are mainly applicable to training and protecting artificial intelligence.

Anthropic has always emphasized that it aims to build “reliable, explainable, and manipulative artificial intelligence systems,” such as not telling users how to make weapons or using racially biased language.

The artificial intelligence moral values announced this time are also called the company's “Claude Constitution,” and these guidelines draw on several sources, including the UN Declaration of Human Rights and even Apple's data privacy rules.

According to a recent study by Internet traffic data website SimilarWeb, the total number of desktop and mobile visits to ChatGPT continued to rise to 1.76 billion in the past April, an increase of 12.6% over March. However, compared to the month-on-month growth rates in January (131.6%), February (62.5%), and March (55.8%) of this year, there was a significant decline.

It is worth mentioning that Bing, which once led to a sharp rise in traffic in March by connecting to the GPT-4 model, experienced a month-on-month decline in April.

Apple announced the launch of the iPad versions of Final Cut Pro and Logic Pro on May 9. Final Cut Pro for iPad introduces a range of tools that enable video creators to record, edit, complete, and share their work using a portable device. Logic Pro for iPad allows music creators to write songs, make beats, record, edit, and mix songs anytime, anywhere with a full set of tools. Starting May 23 (Tuesday), the iPad versions of Final Cut Pro and Logic Pro will be launched on the App Store as a subscription service.

Meta PlatformsIt is said that the bonus payment function on the Reels platform is being updated and upgraded. The new feature will pay bonuses to public content creators on the Reels platform, depending on how many times their content is played.

GM's official website announced on May 9 that Mike Abbott, former vice president of engineering for Apple's cloud services division, will officially join GM on May 22, 2023 as the executive vice president of the software business. He will report to GM Chairman and CEO Mary Borah. Abbott will lead the newly formed software division focused on developing vehicle and enterprise software technology and solutions, and providing digital services and functionality to retail and commercial customers. The team will be from three software divisions within the company, including teams led by Scott Miller, VP of Software-Defined Vehicles and Operating Systems; Stacy Lynett, VP of Information and Digital Technology; and Edward ?$#@$, Chief Digital Officer for Digital Business