On Tuesday Eastern Time, the three major US stock indexes closed with mixed gains and losses. The Dow Jones Industrial Average fell 0.22%, the Nasdaq rose 0.31%, and the S&P 500 Index fell 0.06%. Most large technology stocks rose, with Apple and Nvidia up over 2%, Amazon, Google, and Tesla up over 1%. Digital music and streaming media saw the highest growth, with Spotify up over 2% and Sony up over 1%. The non-ferrous metals, shipping, and accommodation sectors saw the largest decline, with Century Aluminum falling nearly 7%, Alcoa falling more than 5%, Cabby Shipping falling more than 3%, Southern Copper and Hilton Hotels falling more than 2%.
Most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling 1.52%. Weibo fell more than 3%, Tencent Music fell more than 2%, JD.com, NetEase, iQiyi, and Bilibili fell more than 1%, while Alibaba, Vipshop, Ideal Auto, Man Bang, and Baidu saw a slight decline. NIO and Xiaopeng Motors rose more than 1%, while Pinduoduo and Futu Holdings saw a slight increase.
Global News

Will the Federal Reserve cut interest rates 5 times next year? Goldman Sachs: The market is too optimistic and suggests investing in this way
A research report by Goldman Sachs recently pointed out that the financial market is overly optimistic about the Fed's interest rate cut next year, which gives option traders the opportunity to make profits on their own.
The EU Artificial Intelligence Act is facing a critical moment of success or failure
In June of this year, the European Parliament voted to pass the world's first artificial intelligence bill, and the bill is currently facing a critical moment of success or failure. Negotiators are attempting to finalize the details this week.
Has "Mad Cow" temporarily stopped its tracks? Wall Street is beginning to reflect on whether the interest rate cut bet is excessive
Prior to the release of key non farm payroll data this Friday, the benchmark 10-year US Treasury yield rebounded from a three-month low on Monday. From the expectations of the interest rate swap market, more and more traders are starting to bet that the Federal Reserve will start a new round of interest rate cuts as early as March next year. However, doubts from Wall Street about this radical dovish bet are also beginning to emerge, which may become a key test of whether the US stock and bond markets can continue the hot November market.
Company News
3.158 billion yuan! NIO's big move will purchase Jianghuai Automobile assets! Are you going to build cars independently?
On December 5th, Jianghuai Automobile announced that the company publicly listed and transferred some assets through Anhui Provincial Property Rights Trading Center Co., Ltd., involving inventory, fixed assets, construction in progress, building and land use rights of the third factory of the passenger car company, as well as the structure and equipment assets of the new bridge factory of the passenger car company. The transferred assets were listed and traded in three asset packages.
Huang Renxun: NVIDIA will establish an AI research laboratory in Japan to build an AI factory network
On Tuesday, December 5th local time, NVIDIA CEO Huang Renxun announced that NVIDIA will establish an artificial intelligence (AI) research laboratory in Japan and build an AI factory network locally.
Meta leads the establishment of the "Artificial Intelligence Alliance": vowing to challenge OpenAI with "open source"
On Tuesday Eastern Time, led by Meta and IBM, more than 50 companies, organizations, and academic institutions worldwide jointly created an artificial intelligence industry organization called the AI Alliance.
Tesla China's wholesale sales in November decreased by 17.8% year-on-year, reaching a new low in nearly a year
According to data released by the China Association of Automobile Manufacturers on Monday, Tesla's sales in November experienced the largest decline in nearly a year. Although the delivery volume of domestically produced Model 3 and Model Y models increased by 14.3% month on month in November, it decreased by 17.8% year-on-year, and wholesale sales dropped to 82400 units. This is the largest decline since December 2022, when Tesla's sales decreased by 21%. The company explained that the decline was due to Tesla reducing production and lowering prices in response to increased inventory and weakened demand.