On Tuesday, April 9, European and American stock markets initially performed divergently, with the three major U.S. stock indexes opening higher, European stocks falling slightly, Chinese concept stock NetEase opening up 3%, and Xpeng Motors soaring over 6%. U.S. bond prices rose, yields fell, the U.S. dollar and oil prices weakened, and gold prices continued to hit record highs.

The rebound of the three major U.S. stock indexes in early trading was thwarted again, and they turned lower one after another. The Dow Jones Industrial Average rose about 100 points, or nearly 0.3%, at the beginning of the session. It turned lower less than 20 minutes after the opening, and fell nearly 300 points, or nearly 0.8%, in early trading. The S&P rose more than 0.4% at the beginning of the session, but turned lower less than an hour after the opening, falling more than 0.7% in early trading. The Nasdaq rose nearly 0.6% at the beginning of the session, but turned lower about an hour after the opening, falling by more than 0.5% in early trading.

Among the Dow component stocks, American Express and insurance company Travelers fell more than 2%, leading the decline. Among the major sectors of the S&P 500, the financial sector, where American Express is located, took the lead in falling by more than 1%, and the IT sector, where chip stocks are located, also fell by more than 1%.

Including Microsoft, Apple, Nvidia, Google parent company Alphabet, Amazon, Facebook parent company Meta, and Tesla, most of the "Seven Sisters" of technology giants turned lower in early trading. Tesla, which surged nearly 5% on Monday, had risen 3.6% in early trading. Later, the increase narrowed to less than 2%. It will rise for two consecutive days to the highest closing level since March 27. Since last weekend, CEO Musk announced the launch of autonomous vehicles in August. Driving a taxi has continued to rise.

Among the six major technology stocks of FAANMG, Meta fell more than 2% in early trading, Netflix fell nearly 2% in early trading, Microsoft fell less than 1% in early trading, and Amazon rose more than 1% in early trading. It turned lower, while Alphabet had risen by more than 2% in early trading and then rose by less than 1%. Apple rose by nearly 1% in early trading and then gave back most of its gains.

Chip stocks overall turned lower during the session. The Philadelphia Semiconductor Index and the Semiconductor Industry ETF SOXX had risen by more than 1% at the beginning of the session, but turned lower one hour after the opening, and may stop their two consecutive gains. Among chip stocks, NVIDIA turned down quickly at the beginning of the trading. The decline once exceeded 4.7% in early trading, and then narrowed to less than 4%, and will fall for two consecutive days; after turning down in early trading, Arm fell by nearly 3%, Intel fell by more than 1%, and AMD fell by more than 1%. Less than 1%, while TSMC’s US stocks maintained their gains, rising by more than 1% in early trading.

Most AI concept stocks fell in early trading. Astera Labs (ALAB), known as "Little Nvidia" and selling data center interconnect chips, once fell nearly 6%, and later narrowed its decline to less than 3%. Super Micro Computer (SMCI) fell more than 4% in early trading, and SoundHound.ai ( SOUN) fell more than 2%, C3.ai (AI), Palantir (PLTR), Oracle (ORCL) fell more than 1%, BigBear.ai (BBAI) fell less than 1%, while Adobe (ADBE) rose more than 1%.

Popular Chinese concept stocks generally maintained their gains in early trading. The Nasdaq Golden Dragon China Index (HXC) rose more than 1% in early trading. Among the new car-making forces, Xpeng Motors rose nearly 9.5% in early trading, and later rose by more than 8%, NIO rose by 9.6%, and later narrowed to less than 8%, Li Auto rose by more than 1%, and Xiaomi fans once rose more than 1%. Among other stocks, NetEase and JD.com rose by more than 2% in early trading, Alibaba and Pinduoduo rose by nearly 2%, and Baidu turned slightly higher after turning down in early trading.

Most AI concept stocks fell in early trading. Astera Labs (ALAB), known as "Little Nvidia" and selling data center interconnect chips, once fell nearly 6%, and later narrowed its decline to less than 3%. Super Micro Computer (SMCI) fell more than 4% in early trading, and SoundHound.ai ( SOUN) fell more than 2%, C3.ai (AI), Palantir (PLTR), Oracle (ORCL) fell more than 1%, BigBear.ai (BBAI) fell less than 1%, while Adobe (ADBE) rose more than 1%.

Micron Technology plans to increase DRAM and SSD prices by 25% in the second quarter, and its stock price opened up 1.7%. TSMC's U.S. stocks continued to rise by nearly 2.5% at the opening, and Western Digital rose by 2.3% at the opening. The company said that the AI wave has led to increased demand for large-capacity hard drive products.

Among the popular Chinese concept stocks, NetEase opened up 3% after confirming that Blizzard’s national server will be officially announced on April 10; Xpeng Motors soared more than 6%, and NIO rose nearly 3%.

European stocks narrowed their losses, with the European Stoxx 600 Index falling 0.03%, Germany's DAX30 Index falling 0.5%, France's CAC Index falling 0.4%, Italy's FTSE MIB falling 0.3%, and Britain's FTSE 100 rising against the trend.

Spot gold rose by more than 1% during the day, setting a new all-time high of $2,362.24 per ounce. As of press time, the increase has narrowed to 0.81%.

As gold prices continued to rise, the U.S. dollar performed relatively weakly, with the U.S. dollar index falling 0.24%.

In terms of bonds, the yields on European and American benchmark government bonds fell collectively. The 10-year German bond yield fell 6 basis points on the day, and the 10-year U.S. bond yield fell 4 basis points on the day, falling below 4.4%.

Oil prices turned lower, with Brent crude oil futures now down 0.02% and WTI crude oil futures down 0.23%.

Bitcoin fell 1.3% to $70,685.80 per coin, still up 60% year-to-date.