On Monday, the US stock market experienced fluctuations. The S&P 500 index and the Nasdaq index fell from record highs, and the continuous upward momentum of the three major indices was suspended as a result. In the technology stock sector, apart from Nvidia's intraday stability, other “Seven Sisters” tech giants generally declined. In particular, Tesla suffered a severe setback. At one point, it fell nearly 8%, the biggest one-day decline since the release of the Quarterly Report. Apple also fell by more than 3%. This was a market reaction after the EU imposed a $1.8 billion fine on it.
Chip stocks performed strongly. Nvidia, AMD, and TSMC stock prices all closed higher and hit record highs. Nvidia surpassed Saudi Aramco to become the third-highest company in the world by market capitalization. Meanwhile, the AI “monster stock” Ultra Micro (SMCI), which will soon be included in the S&P 500 index, surged nearly 19%.
The sharp drop in Tesla's stock price is thought to be related to its poor sales data in China. Coupled with its recent price cuts and new incentives in China, all reflect the pressure of market competition. Similarly, Ideal Auto, Xiaopeng Motors, and NIO have experienced sharp declines.
In the cryptocurrency sector, BlackRock's IBIT fund quickly reached a scale of 10 billion US dollars, becoming the fastest growing fund in history, reflecting investors' enthusiasm for spot Bitcoin ETFs. The German stock market declined briefly, but ASML and Novo Nordisk shares still hit record highs. US Treasury yields and the US dollar index rebounded and declined, respectively. The price of crude oil fell, while the price of gold and bitcoin hit new highs.
The performance of the Chinese market declined during the US stock trading session, probably...

Today's stock market session was quite the mix. Overall, stocks ended the day slightly down, but there was a lot of different action happening under the surface. On one hand, some stocks were hitting new highs, continuing their upward trend. On the other hand, we also saw an increase in stocks hitting new lows, which is a bit unusual to see both happening at the same time. This mix signals that not everything is as rosy as it might seem.
When markets reach their peak...

-Airlines rise on forecasts
-Energy shares fall as oil drops below $100 a barrel (Updates to market close)
U.S. stocks rallied on Tuesday and the S&P 500 ended a 3-day skid as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors, with the focus turning to the Federal Reserve's upcoming policy announcement.
Brent crude settled below $100 a barrel after rocketing higher t...