Title: Mixed Performance in US Stock Market as Tech Giants Soar and Fall
The US stock market saw mixed gains and losses on Wednesday, with the Dow Jones Industrial Average slightly down while the S&P and Nasdaq rose for three consecutive years. The Dow Jones fell 0.11%, closing at 38,460.92 points, while the S&P 500 rose 0.02% to close at 5,071.63 points, and the Nasdaq composite index increased by 0.10% to 15,712.75 points.
Big tech stocks had a mixed day, with Tesla surging over 12% and Apple rising more than 1%. However, Nvidia and Netflix saw drops of over 3%, and Amazon fell by more than 1%. IBM proposed to acquire HashiCorp, causing HashiCorp’s stock to rise over 7%, while IBM’s stock fell more than 5% after the market closed. Meta reported higher than expected first-quarter revenue and profit, but second-quarter revenue projections fell short, leading to an 18% drop in the stock price after hours.
Chinese concept stocks on the Nasdaq China Golden Dragon Index generally rose, with Bilibili leading the gains at nearly 11%. European stock markets all closed lower on Wednesday, while international oil and gold prices also ended the day lower.
In other news, U.S. President Biden signed a package of bills involving TikTok, Chilean National Copper made headlines with a joint venture, and the former American photovoltaic giant SunPower announced layoffs. The U.S. Senate Health Committee is investigating Novo Nordisk’s pricing, and Tesla surged 12% after its earnings report.
Overall, the global market saw a mix of positive and negative developments on Wednesday, reflecting ongoing economic uncertainties and market fluctuations.
(Source: Oriental Fortune Choice data)