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US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
Express News | Ctrip: The "Golden Week" holiday travel bookings are booming, with airfare prices falling by over 20%.
US stock market anomaly | Ctrip fell 1.6% before the market opened. The average price of domestic flights during the Mid-Autumn Festival has dropped by more than 20% compared to the summer peak.
GLONGHUI September 9 | Ctrip (TCOM.US) US stocks fell 1.6% to $46.8 before the market. According to the news, the Mid-Autumn Festival holiday travel market is slightly lackluster. OTA platforms and travel agencies all claim that product prices are basically the same as in the off-season. According to air travel data, as of September 5, the average ticket price (excluding tax) for domestic routes during the Mid-Autumn Festival holiday was about 710 yuan, down more than 20% from the summer travel period.
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.
US stocks are moving differently. Ctrip rose 1.2% before the market, and institutions believe that Ctrip still has the potential to maintain a faster growth rate than the industry.
On September 5th, Ctrip (TCOM.US) rose 1.2% in pre-market trading, with a price of $47.94. On the news front, Huachuang Securities stated that domestic and cross-border tourism during this summer continued to maintain a high level of prosperity, with a year-on-year increase of 6.7% in railway passenger traffic and an 11% year-on-year increase in civil aviation passenger traffic from July 1st to August 20th. With the improvement of online rate and customer acquisition advantages, the bank expects Ctrip to continue to maintain a growth rate faster than the industry.
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