U.S. stock market closing | The three major Indices fell together, Growth Tech stocks declined broadly, with Tesla down nearly 2%; Chinese autonomous driving stocks soared, with Pony.ai rising nearly 48% and Wenyuan Zhixing rising nearly 32%.
After the Earnings Reports, Palantir dropped by 12%. Nuclear Power stocks CEG and OKLO rose by over 10%. During the same period, U.S. Treasury bond auctions were strong, and the yield on the ten-year U.S. Treasury bond accelerated its decline. After a significant rise over two days, the New Taiwan Dollar once dropped over 3%; after Merz was elected as Germany's Chancellor, the Euro refreshed its daily high. U.S. oil briefly rose nearly 5%. After the news of U.S.-China talks on Wednesday morning, the offshore renminbi briefly rose more than 100 points to break through 7.20, while Gold dropped over 1%.
Express News | After the May Day Consumer surge, airports and hotels perform strongly. As of now, the Airline Services Sector has risen by 3.17%, while the Hotels and Resorts Sector has increased by 3.08%.
U.S. stocks closed lower | The three major indices collectively fell, with the S&P 500 Index ending a nine-day winning streak and Berkshire Hathaway dropping about 5%; most large Technology stocks declined, with Apple falling over 3%.
Amidst looming tariff threats, US stocks fell, ending the S&P 500 Index's longest consecutive gain in over twenty years, while Gold continued to rise. The unexpectedly positive US services sector leading Indicators released during the trading session helped to curb the decline in US stocks, while US Treasury yields climbed. After OPEC+ accelerated production again, Crude Oil Product opened with a sharp drop but later narrowed more than half of the decline.
The record for the "hottest" in history has been refreshed, with the tourism market blossoming in multiple areas during the May Day holiday.
1. Multiple OTA platforms such as Qunar and TONGCHENGTRAVEL report that this year's "May Day" domestic tourism market has set a record for being the "hottest ever." 2. Orders for inbound travel during "May Day" have doubled, and some travel agency guides have already scheduled tours until late June. Cruise travel is recovering, and cabin availability for "May Day" voyages has sold out early.
U.S. stock market close | Hopes for trade negotiations offset economic concerns, the three major indexes rebounded during the session, with the S&P achieving seven consecutive days of gains; Microsoft and Meta both strengthened after-hours, each releasing
The S&P and Dow Jones continue to hit new highs over four weeks, but have still fallen for three consecutive months. Tesla closed down over 3%, but rose nearly 9% in April; Super Micro Computer and Snap both closed down over 10%. After the U.S. GDP report, the yield on two-year U.S. Treasury bonds hit a new three-week low.
U.S. stock market close | All three major indexes rose, the S&P 500 Index has risen for six consecutive days; most large Technology stocks increased, Tesla rose over 2%; Super Micro Computer and Snap plummeted after hours.
The S&P 500 has recorded its longest consecutive rise in three years; Tesla rose over 2%, while General Motors, which revoked its guidance, initially fell 4% but later reduced most of its losses; Meta has risen for six consecutive days; Super Micro Computer saw a sharp drop of 20% after hours, and Snap declined over 10% in after-hours trading. US Treasury yields have hit a three-week low. The USD has rebounded. The offshore Chinese renminbi once rose over 300 points, breaking above 7.26. Crude Oil Product fell 3% during the day.