On Tuesday Eastern Time, the three major US stock indexes closed higher. As of the close, the Dow Jones Industrial Average rose 0.48%, the Nasdaq rose 0.70%, and the S&P 500 index rose 0.46%. Oracle fell more than 12%, with revenue of $12.94 billion in the second quarter, lower than market expectations, leading to a slowdown in revenue growth for its cloud computing business. Icosavax surged nearly 50% and was acquired by AstraZeneca for $1.1 billion.
Most popular technology stocks rose, with robotics, chip stocks, and social media sectors leading the way. Broadcom rose more than 4% and its stock price continued to reach a historic high. AMD, Meta, and Nvidia rose more than 2%. The metal raw materials, oil and gas, and department store sectors saw the largest decline, with Messi's department store falling more than 8%, Cordillera Mining falling nearly 6%, Cole's department store falling more than 4%, Pan American Silver, Royal Gold, and Alcoa falling more than 3%, and Senko Energy and Western Oil falling more than 2%.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 0.44%. Tencent Music rose over 6%, Pinduoduo rose over 2%, Vipshop, iQiyi, and NetEase rose over 1%, while Manbang, Weibo, Bilibili, Futu Holdings, and Alibaba saw a slight increase. NIO fell more than 5%, Xiaopeng Automobile fell more than 2%, Ideal Automobile and JD.com fell more than 1%, and Baidu fell slightly.
International oil prices have plummeted. As of the close, the price of light crude oil futures for January 2024 delivery on the New York Mercantile Exchange has dropped by $2.71, closing at $68.61 per barrel, a decrease of 3.8%; The London Brent crude oil futures for delivery in February 2024 fell by $2.79 to close at $73.24 per barrel, a decrease of 3.67%.
Global News

The year-on-year increase of 3.1% in US CPI in November is in line with market expectations
The US CPI in November increased by 3.1% year-on-year, estimated to be 3.1%, compared to the previous value of 3.2%; The month on month CPI in November increased by 0.1%, estimated to be 0.0%, compared to the previous value of 0.0%.
Big news on the chip! The Secretary of Commerce of the United States changed his stance
According to a report on the website of Taiwan's Economic Daily on December 12th, US Commerce Secretary Raymond said that the US government is discussing with Nvidia the issue of allowing the sale of AI chips to China, but emphasized that Nvidia cannot sell the most advanced chips to Chinese companies. She also said that the US is carefully studying the details of the three AI chips NVIDIA is developing for China.
American chip ambitions are obstructed! US Secretary of Commerce: Chip factory construction may be delayed for several years
The ambitious chip industry in the United States has encountered the obstacle of "environmental protection". In order to stimulate the development of the domestic chip industry in the United States, the United States issued the Chip Act last year, promising to provide subsidies of up to billions of dollars to chip companies. As of now, the bill has received applications from nearly 500 corporate chip projects.
Company News
Suspected of plagiarism? Musk's chatbot Grok mistakenly thought he was an OpenAI product
The chat robot Grok from xAI, an artificial intelligence startup under Musk, has been a topic of constant discussion recently. Since its release last month, Grok has been exposed to many topics such as "roast about his boss", "supporting current President Biden", and "left-wing ideology". Recently, Grok has encountered a new problem. A user who claimed to be an "observer" noticed that it seemed to have some degree of connection with its direct competitor, ChatGPT. The conflict between ChatGPT's developer OpenAI and Musk has existed for many years.
TEMU, a subsidiary of Pinduoduo, continues to soar overseas, with users spending twice as much time as Amazon and AliExpress
The cross-border e-commerce platform TEMU under Pinduoduo's umbrella has seen a continuous increase in the average daily spending time of active users, reaching 22 minutes in October, which is more than twice that of its overseas competitors such as Amazon and AliExpress.
Will the walled garden be broken? Google Encounters Waterloo in Anti Monopoly Litigation
For a long time, "walled garden" has been a synonym for closed platforms like Google App Store in the telecommunications industry, but now, Google's closed wall may be about to be broken. On Monday Eastern Time, a federal jury in California, USA ruled that Google's parent company Alphabet lost an antitrust lawsuit against game developer Epic Games Inc.