On Wednesday Eastern Time, the three major US stock indexes closed with mixed gains and losses. The Dow Jones Industrial Average fell 0.26%, the Nasdaq rose 0.36%, and the S&P 500 Index rose 0.08%. Most popular technology stocks rose, with AMD up over 5%, Nvidia up over 2%, and Meta and Google up over 1%. The semiconductor equipment and materials, and robotics sectors saw the highest growth, with Asma up over 8%, US pixels up over 5%, Kolei up over 3%, and Broadcom up over 2%. Solar energy and precious metals saw the largest decline, with Coldaren Mining and Ellse Gold falling more than 5%, Sunshine Power falling more than 4%, and Hekla Mining falling more than 2%.
Most popular Chinese concept stocks rose, with Vipshop up over 8%, Tencent Music up over 4%, Futu Holdings and Baidu up over 3%, Pinduoduo and NetEase up over 2%, JD.com and Alibaba up over 1%, and Weibo up slightly. Xiaopeng Automobile fell more than 5%, NIO fell more than 2%, Ideal Automobile fell more than 1%, and iQiyi and Bilibili slightly declined.
Global News

The US 50ETF has hit the limit up again! Premium rate exceeding 30%
In order to protect the interests of fund unit holders, E Fund MSCI US 50ETF will be suspended from trading on January 24th until 10:30 on the same day. After the resumption of trading, the US 50ETF quickly rose to the limit, with a premium rate exceeding 30%.
Fasten your seat belt! Wells Fargo Bank: The profitability levels of all sectors in the US stock market have reached their peak
The Wells Fargo Investment Institute points out in its latest report that profits in all stock sectors have peaked, and as the economy weakens and revenue growth stagnates, corporate profits are bound to decline.
The economic data is mixed, and the expectation of the Federal Reserve cutting interest rates is facing a "cold wave"
In January, the US economic data released gradually showed a rebound in non farm and wage growth rates in December 2023, reigniting market concerns about the Federal Reserve's continued tightening policy.
Company News
Jack Ma replaces SoftBank as Alibaba's largest shareholder
According to sources, Jack Ma and Cai Chongxin's combined shareholding has exceeded SoftBank's shareholding ratio. In the past two years, Sun Zhengyi's control of SoftBank has reduced its shareholding ratio through forward contracts, from about 7% in December 2022 to around 2% in March last year, and less than 0.5% in May. Jack Ma has now replaced SoftBank as Alibaba's largest shareholder.
Will Musk launch a $25000 entry-level car in 2025? Tesla has responded!
Market rumors continue to spread that Musk wants to make affordable cars, while Tesla keeps shelving and denying them.
Will Amazon's new Alexa assistant still pay for users who frequently make mistakes?
According to internal documents and sources familiar with the matter, Amazon is improving its Alexa voice assistant and is preparing to launch a new paid subscription plan this year.