PDD241101P116000
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PDD Holdings Newsroom
US stocks closed: All 'Seven Giants' suffered heavy losses, with the S&P and Nasdaq posting their largest declines in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China concept stock Jinlong Index fell by 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: the possibility of Super Micro Computer being suspended or delisted is increasing.
Heard on the Street: Etsy's Crafty Niche Has Its Limits -- WSJ
Temu Hit by EU Probe Into Potential Sale of Illegal Products
China's PMIs Show Glimmers of Improvement Ahead of NPC
Futu Morning Post | Citigroup strategist talks about the 'Trump winning trade', a good opportunity to profit from the surge in US stocks; AI capital spending continues to expand! Microsoft, Meta both fell after hours.
USA Treasury Department's heavyweight quarterly refinancing announcement: Maintain long-term bond auction scale and guidance unchanged; the U.S. presidential election is undecided, the dollar hedging cost has risen to the highest since 2022; it will impact 3000 dollars next year! Goldman Sachs raises gold price expectations, stating that central bank demand expectations have quadrupled.
U.S. stocks closed | The three major indexes all fell, technology stocks weakened, super micro computers plummeted over 32%, AMD dropped over 10% after earnings; overall decline in Donald Trump concept stocks, DJT fell over 22%.
The economic data in the USA is mixed, with the market adjusting down significantly to expectations of a large interest rate cut by the European Central Bank and rate cuts by the United Kingdom in December. US stocks fell across the board, with the chip index dropping by over 3%, nvidia falling by over 3% at one point, Chinese concept stocks dropping by over 2% before halving the decline, and li auto inc turning upwards by nearly 2%.
PDD Shares Are Trading Lower Following Reports Suggesting the EU Will Probe Temu.
Market Chatter: PDD Unit Temu to Face EU Probe Over Alleged Failure to Prevent Illegal Online Sales
Update: Market Chatter: EU Said Preparing to Probe Temu on Illegal Products Sales
Temu To Face EU Probe Over Handling Of Illegal Product Sales
BofA Securities Downgrades PDD Holdings(PDD.US) to Hold Rating, Cuts Target Price to $145
U.S. stocks close | The three major indexes are mixed, with the Nasdaq hitting a new high for the fourth consecutive rise; chip stocks are strong, AMD closed up 4% but fell over 7% after hours due to poor guidance; cryptos concept stocks are rising.
The USA economy is mixed, with consumer confidence increasing but job vacancies hitting a three-and-a-half-year low. The Dow Jones and small cap stocks fell, while the S&P and Nasdaq turned higher. The chip index rose by more than 2%, while the Chinese concept index turned down by over 1%. Trump's media fluctuations have repeatedly caused trading to be suspended.
A 55-year Journey: From the Internet's Birth to Google, AMZN & META Alone Worth $5T
US stocks closed: Nasdaq rose for the fourth consecutive time to a new high. The seven giants and chip stocks strengthened overall.
①Nasdaq China Golden Dragon Index fell by 1.44%; ②Google's quarterly revenue and EPS both exceeded expectations; ③Musk: It is expected that the number of robots will exceed humans by 2040; ④OpenAI reportedly plans to collaborate with Broadcom and Taiwan Semiconductor to jointly develop self-designed chips.
US stocks early market | DJT multiple circuit breakers intraday! Trading hot on the donald trump concept; Cryptos concept stocks rallied and then fell back, microstrategy down 0.33%, Coinbase up 0.86%
On the evening of the 29th Beijing time, the U.S. stock market opened with mixed gains and losses. The U.S. Treasury bond yields continued to rise. Investors are preparing for the financial reports of important technology companies such as Alphabet and AMD.
U.S. stock market anomaly | pdd holdings rises more than 2% pre-market, the first round of 10 billion subsidies reaches an order volume of 16.4 million.
GraceTrend on October 29 | pdd holdings (PDD.US) rose 2.11% in pre-market trading, to $128.44. On the news front, pdd holdings officially launched the second round of the "super double subsidy" activity for billions of subsidies yesterday, focusing on popular single products in categories such as mobile phones, electronics, home appliances, beauty, and skincare. As of October 18, the first round of "super double subsidy" activity ended with surprising results, with a total order volume of 16.4 million. Participating businesses and brands in the first round of activities saw sales grow more than 15 times compared to the "double subsidy" activity in the week before the big promotion. (GraceTrend)
From fields to factories: How pdd holdings activates industrial belts with new quality supply?
"New quality supply" has become an important lever for pdd holdings to drive market growth at present.
Futu Morning Post | Chinese concept stocks lead the US large cap market! The Jinlong index rose by more than 4%; Nomura warns: the market is hedging excessively against Trump trade, may see a 'Harris accident'.
Apple released the iMac with the M4 chip, the first batch of AI features officially implemented; US oil plunged by over 6%, the worst in over two years, Citigroup lowered its oil price target; Bitcoin traders once again look to surpass the $0.07 million mark, with funds flowing into US etf.
US stocks closed | The three major indices collectively rose, with the China Golden Dragon Index leading the large cap with a rise of over 4%; Bitcoin returned to $0.07 million, and crypto concept stocks strengthened; Donald Trump concept stock DJT surged
Small cap stocks rose 1.7% to lead the way, Nasdaq approaching its all-time high, tesla reversed down by 2.5%, nvidia fell by 1% at one point, nio inc surged over 10%, North American uranium mines and nuclear energy concept stocks rose together, Altman-backed Oklo surged over 28% to a new high.
US stocks closed: China's "Golden Dragon" rose more than 4% leading the large cap, Trump Group surged 20%.
①The S&P 500 energy sector fell by 0.65%; ② Miniso, Nio Inc rose by more than 10%; ③Apple's first batch of AI functions officially launched; ④ Internet-famous brokerage firm Robinhood enters the USA presidential election gambling.