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On Thursday Eastern Time, the three major indexes of the US stock market collectively rose. As of the close, the Dow Jones Industrial Average rose 1.06%, the Nasdaq rose 0.03%, and the S&P 500 index rose 0.53%.
Most large tech stocks have fallen, with Google falling over 4%, Amazon falling over 2%, and Apple, Tesla, Microsoft, and Meta experiencing slight declines; Intel and Netflix soared by over 1%, while Nvidia rose slightly, hitting a new intraday high. Among them, Netflix has reached new highs for four consecutive trading days, while Google has hit a new low since November's closing. Deere's shares rose by over 8%, marking the largest daily increase since February 2021. Most cryptocurrency concept stocks fell, with MicroStrategy falling over 16%, Riot Platforms falling over 3%, and Bit Digital falling over 1%.
The Nasdaq China Golden Dragon Index closed down 1%, with most popular Chinese concept stocks falling. Pinduoduo fell more than 10% due to lower than expected performance data. iQiyi fell more than 7%, Baidu fell nearly 6%, Futu Holdings fell more than 4%, Xiaopeng Motors fell more than 2%, and Alibaba, Zhihu, and Bilibili fell more than 1%. NIO and New Oriental have risen by over 1%.
Global News
Last week, 213000 people in the United States applied for unemployment benefits for the first time
On November 21st, the US Department of Labor announced that the number of initial claims for unemployment benefits last week was 213000, with an estimated 220000, compared to the previous value of 217000.
AI data is on! Baidu's latest performance: ERNIE Bot has 430 million users
According to the financial report, Baidu's revenue in the third quarter was 33.557 billion yuan, compared to 34.447 billion yuan in the same period last year; The core revenue was 26.524 billion yuan, compared to 26.572 billion yuan in the same period last year; The net profit attributable to Baidu's core was 7.536 billion yuan, compared to 6.436 billion yuan in the same period last year, a year-on-year increase of 17%.
Huang Renxun speaks out loudly! Data center as the 'core engine' for revenue
We are currently in the wave of the AI era, and the world is accelerating its transition to NVIDIA's computing model, "said Huang Renxun, CEO of NVIDIA, after the financial report was released.
Neuralink, a brain computer interface company under Musk, has been approved to conduct clinical trials in Canada
On Wednesday local time, Neuralink, a brain computer interface company under Musk, announced that it has received approval from Health Canada to launch its first clinical trial in the country and has begun public recruitment of participants.
Caught Wall Street billions! The protagonist of the 'Century Explosion' case has been sentenced to 18 years in prison
On November 20th local time, Archegos Capital founder Bill Hwang was sentenced to 18 years in prison for causing over $10 billion in losses to Wall Street banks during the "Century Explosion" scandal in 2021.
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