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Ideanomics Newsroom
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Ideanomics Files for Chapter 11 and Asset Sale
Express News | Ideanomics Inc - Dip Lender to Provide up to $11.619 Million in New Financing
Express News | Ideanomics Inc - Debtors Enter Dip Loan Agreement With Tillou Management
Express News | Ideanomics Inc: On Dec 4, Co, Certain of Its Units Filed Voluntary Petitions for Relief Under Chapter 11
US stocks movement | CN Energy rose by 61.79%, making it the biggest gainer among Chinese concept stocks.
December 5th, Gelonghui: The top five stocks with the largest gains in Chinese concept stocks at the close are: CN Energy up 61.79%, Reitar Logtech Holdings up 41.42%, Planet Image International up 35.76%, ideanomics up 35%, and Nano Labs up 25.47%. (Gelonghui)
EV Firm Ideanomics Files Bankruptcy After Settling SEC Charges
US stocks moved differently | The intchains group rose by 15.09%, reaching a new high in over two months.
Grillgather December 3rd | The top five stocks with the largest increase in Chinese concept stocks at the close are: Ideanomics rose 36.36%, Aptorum rose 30%, Oriental Culture rose 17.95%, Nano Labs rose 15.5%, and Intchains Group rose 15.09%. Among them, Intchains Group reached a new high in over two months. (Grillgather)
US stocks closed | The three major indices rose together, the Dow and S&P continued to hit historical highs; most large technology stocks rose, nvidia rose more than 2%, Tesla soared more than 38% in the month, the best performance in nearly two years
US stocks posted weekly gains of over 1%, with the Dow rising by 7.5% in November and the S&P up 5.7%, both achieving the best performance of the year. The Nasdaq accumulated an increase of over 6%, small-cap indices rose by nearly 11%, the chip index rose by 1.5% on Friday but declined monthly, and Tesla saw a monthly increase of over 38%, its best performance in nearly two years.
U.S. stock market closes | All three major indexes fall, Dell plummets over 12% after earnings; Chinese concept stocks warm up, Jinlong Index rises by nearly 3%; bitcoin rebounds sharply, microstrategy rises by nearly 10%.
The Dow ended a five-day rally, falling from record highs along with the S&P; small cap stocks struggled to rebound. Dell and hp inc plummeted over 10% after earnings reports. Chinese concept stocks rebounded by nearly 3%, while Ideal autos surged almost 7%.
U.S. stocks are moving丨Hesai up 44.42%, making it the largest gainer among Chinese concept stocks.
On November 27, Glonghui reported that the top five performing Chinese concept stocks at closing were: Hesai up 44.42%, qudian up 33.19%, lexinfintech up 25.59%, ideanomics up 25%, and mercurity fintech up 23.56%. Among them, Hesai's third-quarter revenue was 0.54 billion yuan, a year-on-year increase of 21.1%, significantly exceeding guidance, achieving a net income increase of 49.74% year-on-year. (Glonghui)
US stocks closed | The three major indices rose together, with Dow Jones and S&P hitting new highs; tariff threats dragged down auto stocks, general motors fell 9%
Waiting for PCE inflation, the Fed's November minutes support gradual rate cuts, temporarily suppressing US bond yields and the dollar while gold rallies. The Dow turns higher at the end of the day, hitting new highs for three consecutive days, while small cap stocks fall from the highest level in six days, with chip stocks down more than 1%, but nvidia rebounds by 0.7%. Tesla reverses its decline, Nio falls by 7.7%, Amgen's weight loss drug once fell by more than 12%, and Dell falls more than 9% after hours.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
U.S. stocks fluctuated: amer sports rose over 13%, and ubs group raised its target stock price to $27.
Glory 11/22 | The top five stocks with the largest gains in Chinese concept stocks are: Ideanomics up 78.57%, X3 Holdings up 20%, Burning Rock Biotech up 15.95%, 21vianet up 15.16% and Amer Sports up 13.02%. Among them, UBS Group raised Amer Sports' target stock price from $24 to $27. (Glory)
US stocks closed | The three major indexes rose together, with the Dow rising by more than 1%, nvidia shaking after the performance and closing up; bitcoin broke through 0.099 million US dollars to hit a new high again, microstrategy fell by more than 16%
Trump trade rises, with cycles related to the economy and small-cap stocks leading the way. The Dow rose 1%, the Nasdaq turned higher in the late session, Google Class A fell the most by 7%, nvidia initially rose nearly 5% to hit a new high before falling 3.6%, ultimately closing higher, Snowflake surged over 32% for its best performance since going public.
U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.
U.S. stocks closed | The three major indexes showed mixed results, with the Nasdaq up more than 1%, nvidia rising nearly 5% ahead of its earnings report; bitcoin hitting a new high led to a strong performance in cryptos concept stocks, with microstrategy
The escalation of the Russia-Ukraine conflict temporarily drove up the dollar, yen, Swiss franc, gold and other safe-haven assets, while bitcoin first broke through 0.094 million dollars. Two days before the earnings report, nvidia rose by 4.9%, super micro computer surged over 31%, the index of Chinese concepts fell by 0.8%, Xiaopeng autos dropped nearly 4%, and weibo gained over 6%.
Cryptos concept stocks Ideanomics interactive stock price doubled.
Gelonghui on November 11th: Cryptocurrency 'demon stocks' Ideanomics' interactive stock price doubles, currently at $0.20. Regarding news, Bitcoin surged past $0.083 million to hit a historical high, reaching as high as $83,080.06, with a current daily increase of nearly 4%.
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
US stock market movers: daqo new energy fell by 22.51%, marking the largest drop since March 2020.
On October 30th, the top five stocks with the largest declines in Chinese concept stocks were: Ideanomics fell by 60%, Daqo New Energy fell by 22.51%, marking the largest drop since March 2020, Recon Technology fell by 17.01%, Gulf Resources fell by 16.18%, and JinkoSolar fell by 12.78%. (格隆汇)