US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.
ProShares Launches Russell 2000 High Income ETF
The four major categories of ETF assets have been rising simultaneously for four consecutive months! This scene in the US market has not been seen in 17 years...
Perhaps few people could have imagined at the beginning of last month that, after experiencing the 'Black Friday' and 'Black Monday' caused by the terrible non-farm payroll data, the US market would still be able to fully recover in August. The US market has not seen a scene like this for 17 years: ETFs tracking government bonds, corporate credit, and stocks have been rising simultaneously for four consecutive months, marking the longest continuous uptrend since at least 2007.
U.S. stocks closed | The three major indexes showed mixed gains and losses, with the Dow hitting a new high again during the day! Nvidia's performance after the market fell more than 6%.
Dell's stock rose more than 8% after hours, Chinese concept stocks rebounded more than 2%, Li Auto Inc. surged more than 10%, pdd holdings rose nearly 5%.
US stock market close | The three major indexes all fell, with the Nasdaq falling more than 1%; Chinese concept stocks declined, with li auto inc falling more than 16% and pdd holdings falling more than 7%.
Warren Buffett's Berkshire Hathaway first reached a market cap of 1 trillion dollars, while Super Micro Computer fell by 19%, and Salesforce surged over 4% after the financial report.
US stocks closed | The three major indices rose slightly, with nvidia's heavy financial report rising over 1% before the market; Chinese concept stocks showed differentiated trends, with pdd holdings falling over 4%.
Tesla fell nearly 2%, and after being targeted by short-sellers, the "demon stock" AI SuperMicro fell nearly 9%; the day after PDD's financial report fell more than 4%, but Chinese concept stocks rebounded, and Xpeng Motors skyrocketed 14% in two days after the CEO announced shareholding.