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The three major U.S. stock indexes had mixed gains and losses, with Nvidia rebounding and the "Seven Sisters" standing out. Xiaomi's U.S. stock rose more than 10%.

Since Friday is a public holiday for Good Friday, Thursday is the last trading day for U.S. stocks in March and the first quarter. The three major U.S. stock indexes opened mixed on Friday, with slight fluctuations in early trading.


The S&P, which opened slightly lower, quickly turned higher at the beginning of the session, rising more than 0.1% before giving up some of its gains. The Dow Jones Industrial Average, which opened slightly higher, rose nearly 90 points, or more than 0.2%, in early trading. After turning lower in early trading, it fell more than 40 points, or 0.1%, and still failed to reach the 40,000-point mark. The Nasdaq, which opened slightly lower, fell more than 0.3% at the beginning of the session, quickly turned higher and then rose more than 0.1%, then fell again and then turned slightly higher.

Among the "Seven Sisters" of technology giants, including Microsoft, Apple, Nvidia, Google's parent company Alphabet, Amazon, Facebook's parent company Meta, and Tesla, only Nvidia escaped from the decline in early trading. Nvidia fell nearly 1.2% in early trading and then quickly turned higher. It rose nearly 1.2% in early trading, and then gave up about half of its gains.

Apple, which rose more than 2% on Wednesday to support the broader market, opened lower and fell more than 1% in early trading; Microsoft fell more than 0.5% in early trading and then turned higher before turning slightly lower in early trading; Alphabet rose 0.4% in early trading and then turned lower. fell 0.4%; Meta fell more than 1.6% in early trading, and the decline narrowed to less than 1% in early trading; Tesla fell about 2.3% in early trading, and later narrowed its decline to just over 1%.

Chip stocks rose slightly overall. The Philadelphia Semiconductor Index and the Semiconductor Industry ETF SOXX fell about 0.3% in early trading and then quickly turned higher. They rose less than 0.6% when they refreshed the daily high in early trading. They will rise for two consecutive days after two consecutive losses. Among chip stocks, Intel and AMD rose more than 1% in early trading, while Micron Technology, which turned negative at the beginning of the session, fell less than 1% in early trading. Broadcom and TSMC U.S. stocks fell slightly.


Most AI concept stocks fell. It has been more than a month since brokerage Monness, Crespi, Hardt & Co., Inc. downgraded its rating to buy from neutral, pointing out that its stock price has risen nearly 200% in the past year due to the prospect of AI demand and "the valuation is exceptionally rich." Palantir (PLTR), which was downgraded by analysts for the first time, fell nearly 5% in early trading. Analysts from Monness, Crespi, and Hardt gave a target price of $20 for the next 12 months, which is more than 18% lower than Palantir's closing price on Wednesday; it was called "small" in early trading. NVIDIA, Astera Labs (ALAB), which sells data center interconnect chips, fell more than 5%, BigBear.ai (BBAI) fell more than 1%, Super Micro Computer (SMCI) fell less than 1%, Adobe (ADBE) fell slightly, and C3 .ai (AI) and Oracle (ORCL) rose slightly, and SoundHound.ai (SOUN) once rose by more than 1%.


Popular Chinese concept stocks rose overall. The Nasdaq Golden Dragon China Index (HXC), which ended roughly flat on Wednesday and halted four consecutive losses, had risen 1.3% in early trading, but the gains later narrowed to less than 1%. China Concept ETF KWEB rose more than 1% in early trading, and CQQQ rose more than 2% in early trading. Among individual stocks, after the release of its first car Xiaomi SU7, Xiaomi's U.S. stock price rose in early trading in over-the-counter trading, rising by more than 10%. The SU7, with a starting price of 215,900 yuan, received an enthusiastic response. It took only 4 minutes after accepting the reservation and the order exceeded 10,000, 7 minutes exceeded 20,000, and the order was 50,000 in 27 minutes. Xiaomi Motors' rivals and three new car-making forces performed differently. NIO fell more than 1% in early trading, Xpeng Motors, which rose more than 4% in early trading, turned negative in early trading, and Li Auto rose more than 1% in early trading. Among other stocks, Bilibili rose more than 2% in early trading, Alibaba and JD.com rose more than 1%, Baidu rose less than 1%, Tencent Pink Sheet rose slightly, while Pinduoduo and NetEase fell slightly.

Among the more volatile stocks, Trump's media company Trump Media & Technology Group (DJT), which closed up more than 10% on both the first day of listing and the next day, opened higher and lower on the third day of listing. It rose 5.5% at the beginning of the trading day. , had fallen about 6% in early trading; the "American post bar" Reddit (RDDT), which fell more than 10% on Wednesday, continued to give up the gains in the first two days of this week, and had fallen nearly 11% in early trading. Due to a 30% surge on Monday, it will still be Tired of rising.


The following is the content released at 21:48 Beijing time:


The Dow opened up 0.12% at 39,807 points, approaching the 40,000-point mark; the S&P 500 fell 0.03% and the Nasdaq fell 0.20%.

On the news, the U.S. GDP in the fourth quarter was revised higher than expected to 3.4%. At the same time, the annualized quarterly final value of the U.S. core personal consumption expenditures (PCE) price index in the fourth quarter was revised down to 2% from the previous value of 2.1%, exceeding 2.1%. Expectations remain unchanged; however, the final annualized quarterly value of the Personal Consumption Expenditures (PCE) price index was revised higher than expected to 3.3% from 3%.


Some analysts said that the higher-than-expected GDP data revision showed that the U.S. economy is still growing strongly. GDP is expected to slow down to a "healthy level" of 2% in the first quarter of this year and can maintain a sustainable growth rate of 1.8% in the long term.


Among star technology stocks, the Seven Sisters had mixed gains and losses. Amazon rose by more than 1%, Meta, Apple, and Tesla fell by more than 1%, and Google and Nvidia rose slightly.


On the news, Apple is reportedly delaying the release of its foldable screen phone.




Among other popular stocks, Reddit, the newly listed top social platform and the "American version of Tieba", fell more than 9% at the opening today after continuous surges.

DJT, a pure-blood "Trump concept stock" listed on SPAC, rose 0.5% and rose about 2% at the beginning of the session.

Most of the stars were up, with the Nasdaq China Golden Dragon Index rising 0.9%, JD.com, Bilibili, and Baidu all rising more than 2%, and Alibaba rising about 1%.




Xiaomi ADR, which is listed in the United States, rose about 3% in early trading.


According to the news, Xiaomi released its first car Xiaomi SU7 on the evening of the 28th, priced from 215,900.