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U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Shares of Chinese EV Stocks Closed Lower After the EU Reported Raised Tariffs.
Shares of Chinese EV Stocks Closed Lower After the EU Reported Raised Tariffs.
Benzinga Market Summary: Mixed Jobs Data, Tesla Continues Higher, Chinese EV Stocks Fall
Benzinga Market Summary: Mixed Jobs Data, Tesla Continues Higher, Chinese EV Stocks Fall
Correction to Chinese Automaker ADRs Fall Article
New European Union import fees against Chinese-made electric vehicles began Friday and will last at least four months. "Chinese Automaker ADRs Fall Following Tariffs by EU," at 11:17 a.m. ET, incorrec
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | Li Auto Slips 2.8%, JD.com Falls 2.1%, NIO Down 9%, Xpeng Down 9.6%
Express News | PDD Holdings Down 1.5%, NetEase Down 2.8%, Baidu Down 1.7%
Express News | U.S.-Listed Shares of Chinese Companies Fall as China Stocks Close at 4-1/2 Month Low
Express News | The US stock market basically opened flat, with the Dow up 0.01%, the Nasdaq up 0.07%, and the S&P 500 index up 0.04%. Bitcoin once fell below $54,000, and crypto concept stocks fell across the board, with MicroStrategy and Marathon Digital down more than
Express News | Li Auto Inc. launches new end-to-end + VLM autonomous driving technology framework.
Express News | Li Auto Inc: Helped users avoid 360,000 potential accidents in the first half of the year.
U.S. stock market preview: Heavyweight news! Non-farm data exceeds expectations, and the three major equity index futures jump; Fed "top three": there is still a long way to go to maintain the 2% inflation target.
The US earnings season will kick off next week, putting the US stock market to the test; the increase in US currency supply indicates a reversal of the concentration trend in the US stock market, and mid-small cap stocks may have opportunities; over 1 million chips will be shipped! Nvidia's sales in China are expected to reach $12 billion this year.
Express News | Ideally, we will upgrade to "No Image NOA".
EU Imposes Provisional Duties on Chinese Electric Vehicle Imports Amid Subsidy Concerns
The European Commission said on Friday that it has imposed provisional countervailing duties on Chinese imports of battery electric vehicles. The commission concluded after an investigation that the b
This week's bull stock in the US | Electric vehicle stocks collectively soar! Tesla's rise exceeded 24%, Ideanomics rose nearly 16%; Broadcom rose nearly 8%, and received the layout of "Congress Mountain Stock God" Pelosi.
This week, the Dow Jones Industrial Average rose by 0.48% to close at 39,308 points; during the same period, the S&P 500 index rose by 1.4% to close at 5,537.02 points; and the Nasdaq index rose by 2.57% to close at 18,188.3 points.
The Zacks Analyst Blog Highlights Tesla, Rivian, NIO, Li Auto and XPeng
Express News | Dongshu Cui, of the China Passenger Car Association, said that China accounted for 64% of the world's new energy vehicles from January to May.
Express News | NetEase Down 2.6%, Baidu Down 1.3%
Express News | Li Auto Down 2.1%, Xpeng Down 5.3%
Express News | Alibaba Group Down 1%, JD.com Down 1.9%, PDD Holdings Down 1.4%