Market Report

Home - Events - Current article

U.S. PPI growth was lower than expected. The three major U.S. stock indexes opened higher but all turned lower in early trading

The three major stock indexes generally opened higher and moved lower in early trading. The Dow Jones Industrial Average rose about 106 points, or nearly 0.3%, at the beginning of the session. It quickly turned negative and then fell by more than 200 points, or about 0.5%, in early trading. The S&P, which rose 0.3% early in the session, fell nearly 0.3% in early trading. The Nasdaq, which rose more than 0.5% at the beginning of the session, turned slightly lower in early trading.

The Dow Jones Industrial Average was trading sideways at the beginning of the session, the S&P 500 Index rose 0.12%, and the Nasdaq Composite Index rose 0.41%.

Six of the Seven Sisters, except Tesla, rose, with Nvidia rising by more than 1% and Google rising by nearly 1%.


Tesla opened up 0.8% and then turned lower and is now down nearly 0.5%. Norwegian pension fund KLP said on Thursday that investors may ask Tesla to address CEO Musk's reluctance to participate in labor negotiations at the annual shareholder meeting. In addition, Wall Street analysts warned that Tesla's second-quarter deliveries may once again decline year-over-year.


Among other star technology stocks, TSMC fell slightly, Intel was close to going sideways, and Micron Technology opened up 0.5%. On the news, the company stated in an announcement that DRAM production has not yet fully resumed after the earthquake in Taiwan, China, but its wafer fab activities have resumed. good.


Most of the popular stocks rose. The Nasdaq Golden Dragon Index rose nearly 0.7%, Bilibili rose more than 5%, New Oriental rose more than 2%, JD.com and Alibaba each rose more than 1%, and NetEase and Ideal fell more than 1%.


This week, the U.S. stock earnings season kicks off. CarMax, which announced its financial results earlier, fell more than 7% due to disappointing performance. On Friday, major banks including JPMorgan Chase, Wells Fargo and Citigroup will release earnings, officially kicking off earnings season.