In the early morning of the 11th Beijing time, US stocks closed mixed on Tuesday, with the Dow down 1900 points on the 4th. The market is evaluating several Fed officials' remarks with US President Joe Biden on inflation and are waiting for important CPI data on Wednesday. The US small business confidence index remained at its lowest level since 2020 in April, suggesting that inflation remains the biggest challenge.

The Dow fell 84.96 points, or 0.26%, to 32160.74; the Nasdaq rose 114.42, or 0.98%, to 11737.67; and the S & P 500 rose 9.81, or 0.25%, to 4001.05.

The market keeps a close eye on inflation in the United States. The fundamentals of the US stock market are that the Fed will continue to tighten policy until inflation is brought under control, but there is no sign that the Fed can achieve that goal quickly.

In his speech on Tuesday, US President Joe Biden blamed the high inflation on the economic disruption caused by the COVID-19 pandemic and the conflict between Russia and Ukraine, and admitted that rising prices were "hurting" American families. He took the opportunity to attack the Republican tax and economic plan, claiming that its anti-inflation plan would lower prices, while the Republican Party sought to raise taxes on Americans and "let companies escape".

New York Fed President Williams, Richmond Fed President Barkin, Cleveland Fed President Mestre and Fed Governor Voller and other Fed officials today spoke on the inflation situation and the Fed's interest rate policy prospects.

On Tuesday, a measure of optimism among small businesses in the United States held steady at its lowest level since April 2020 on Tuesday, with companies still worried about inflation and the economic outlook.

The market is closely watching Wednesday's April U. S. Consumer Price Index (CPI) report.

On Tuesday, Tesla, Inc., the champion of US stock turnover, closed 1.64% higher at a turnover of US $22.498 billion.Tesla, Inc. CEO Musk praised Chinese workers on Tuesday and said American workers, by contrast, were trying to "completely avoid going to work". Tesla, Inc., the world's richest entrepreneur, made the comments when asked who was his biggest competitor in the electric car industry.

Musk initially listed Volkswagen as its biggest competitor because the company has made great progress in the electric industry. But he later said the biggest competition would come from China, where Tesla, Inc. has a new manufacturing plant.

Musk believes that apart from Tesla, Inc., the largest company in the progressive electric vehicle industry is Volkswagen, which can be considered a start-up from the perspective of electric vehicles.

Musk then praised the competition from China, the world's largest car market, where Tesla, Inc. has a manufacturing plant in Shanghai.

"I think there will be some very strong companies in China," Musk said. "there are a lot of super talented and hardworking people in China who really believe in manufacturing. "

"not only will they stay up late, but they will also work conscientiously at three o'clock in the morning, and they won't even leave the factory," he said. American workers try not to go to work. "

The third place, Yingweida, gained 3.81%, with a turnover of US $13.399 billion.Prior to this, the stock has fallen for three consecutive trading days.

The 11th Biohaven Pharmaceutical closed up 68.39%, with a turnover of $2.784 billion.Pfizer Inc announced that it would buy Biohaven, a maker of acute migraine drugs, for $148.5 a share, in a deal valued at $11.6 billion. The two companies worked together in November, when Pfizer Inc bought shares in the company for $350 million, or $173 a share.

In 11th place, Netflix Inc closed 2.63% higher, with a turnover of US $2.453 billion. To boost performance, Netflix plans to launch a low-cost subscription model with ads by the end of the year. The schedule is much earlier than expected.

Netflix executives say the company plans to launch a low-cost subscription service supported by advertising in the fourth quarter of 2022. At the same time, the company plans to start cracking down on password sharing among users at about the same time.

The 13th Coinbase closed down 12.6%, with its share price at an all-time low of $2.351 billion. The company lost $1.98 per share in the first quarter, compared with an EPS of $3.32 in the fourth quarter of 2021. First-quarter revenue was $1.17 billion, with analysts expecting $1.48 billion. First-quarter trading revenue was $1.01 billion, with analysts expecting $1.26 billion. The turnover in the first quarter was $309 billion, with analysts expecting $335.6 billion. The average monthly number of trading users (MTU) in the first quarter was 9.2 million, while analysts expected 9.5 million.

The 14th Upstart plunged 56.42% to $2.302 billion. Stephens analyst Vincent Caintic released a research report that downgraded the stock rating of Upstart, a loan platform provider, to "underweight" from "holding wait and see", and lowered its target price from $124to $28. Caintic said Upstart's Q1 results were worse than expected. The results mean not only higher financing costs, but also lack of access to capital markets.

The following are the 20 most actively traded stocks of the day (by turnover):