Market analysis on April 25

The US stock market experienced volatile trading this week. Among them, the S&P 500 index and Nasdaq index surged for three consecutive days, while the Dow Jones Industrial Average stopped for four consecutive days. Boeing's stock price rose and then fell after announcing the earnings report, and eventually closed down nearly 3% due to Moody's downgrade. Meanwhile, Tesla rose sharply by 12% after the earnings report was announced, the biggest increase in two years.

Meta's stock price plummeted 18% after the after-market earnings report was announced due to rapid revenue growth in the first quarter but poor future prospects and the expected sharp increase in AI spending. This also dragged down the NASDAQ 100 index by more than 1% in after-market trading. Google, on the other hand, continued its upward trend, rising to a record high for the third day in a row. In contrast, Nvidia dropped 3.3% after rising 2% at the beginning of the session and dived nearly 6% from the daily high.

In other sectors, US orders for core durable goods rose 0.2% month-on-month in March, indicating that commercial equipment orders only increased slightly, indicating that companies were cautious about demand prospects and curtailed investment. In the US Treasury bond market, demand for 5-year US bonds is poor, while 10-year US bond yields rose for the first time this week. On the money market side, the yen fell below 155 US dollars, hitting a new low since 1990 for three consecutive days, while the US dollar index rebounded after hitting a new low of nearly two weeks.

Crude oil prices turned upward in the short term after the US Energy Information Administration (EIA) released crude oil inventory data. Gold, on the other hand, fell for three consecutive days, and futures closed at a new low of nearly three weeks. In the metals market, London copper stopped falling for two straight days, while tin hit a new low for another week, although the decline eased somewhat. Bitcoin also experienced a sharp decline, once falling below the $64,000 mark.

The Chinese market was active during the US stock trading session. The China Securities Index rose more than 1%, outperforming the market for three consecutive days. In terms of individual stocks, Station B surged 11%, NIO and Xiaomi rose more than 3%, while Ideal Auto fell nearly 4%. The offshore renminbi fell below 7.27 in the intraday period, falling below this level for the first time in a week. The three major A-share indices rose slightly. Hong Kong stocks rose sharply for three consecutive days, while 30-year treasury bond futures experienced a sharp decline. These dynamics demonstrate the complex interaction of global markets under the influence of macroeconomic and geopolitical factors.