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US stock market closes with three major indexes down while waiting for Trump's "New Golden Age" speech.
1. The US stock "sector rotation" has stopped, with the Dow ending its previous "six consecutive gains"; 2. Former US President Trump will deliver a keynote speech at the Republican National Convention on Friday morning Beijing time; 3. Guo Mingchi: Apple may not have increased orders for the iPhone 16; 4. Broadcom is discussing developing new AI server chips with OpenAI.
PDD Holdings Inc.'s (NASDAQ:PDD) Stock Is Going Strong: Is the Market Following Fundamentals?
GTJA: June's social zero export data continued to show warmth, with leading companies being more stable.
Amazon's annual shopping event, Prime Day, will be held from July 16th to 17th in 2024. This year's Prime Day is expected to perform well, and we anticipate that the leading companies will continue to show good growth.
Futu Morning News | The 'Seven Giants' market cap evaporated $580 billion in a single day. Goldman Sachs: Summer adjustment launched! Not suitable for buying now; Mary Daly, the popular voting member of the Federal Reserve: the time for interest rate cuts
Fed Beige Book: the US economy has grown slightly and inflation has cooled; Bank of America: the breadth of US stock gains is improving, bullish signals! Biden: if there are health issues, will consider dropping out; US stocks are diverging, Dow hits new highs, Nasdaq suffers its worst drop since the end of 2022.
U.S. stock market close | Dow continues to hit new highs, Nasdaq falls sharply by 2.8%, the worst in a year and a half; ASML Holding falls nearly 13%, leading the chip stocks decline, Nvidia falls more than 6%.
The PHLX Semiconductor Index suffered a brutal 7% decline, with Nvidia dropping the most at 6.6% among the 'Tech Seven Sisters'. ASML Holding plummeted nearly 13% and was once halted. Applied Materials, AMD, and Lam Research fell by more than 10%. However, 'AI losers' such as Intel and IBM drew investor interest and ended up rising against the trend.
Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions.
Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions.