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Top 20 turnover: Apple fell more than 2%, and well-known analyst said that the order for iPhone 16 may not increase; Eli Lilly and Co fell again by more than 6%, with a cumulative decline of nearly 10% in two days.
On Thursday, Nvidia, the top stock in trading volume, rose 2.8%, with a turnover of $38.415 billion. Tesla, the second highest, rose 0.29%, with a turnover of $27.937 billion. Apple, the third highest, fell 2.03%, with a turnover of $14.863 billion.
US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.
Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.
Musk's all-in on Trump and Wall Street's speculation on Model 2, Tesla's stock price held steady.
Analysis shows that Musk's support for Trump has played a role in pushing up Tesla's stock price, which helps Tesla gain more recognition among conservative groups.
Auto Industry Pulls Back On EVs As Consumers Hesitate Over High Price, Inconvenience
Automobile manufacturers are pumping the brakes on investing in the future of electric vehicles as car buyers think twice about buying them because of the high cost and need to keep charging them.
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.
Tesla Earnings Bring Focus on Self-driving, and a New Appreciation for Energy Storage Business
By Claudia Assis Tesla Inc. nears its earnings day with the stock firmly in the black for the year but facing concerns about its robotaxi aspirations, EV demand, and Chief Executive Elon Musk's