① The three major indices only fell slightly; the S&P 500 index and the NASDAQ reached record intraday highs; ② Tesla rose more than 6%, rising for seven consecutive trading days; ③ popular Chinese securities generally rose, and the Golden Dragon Index rose more than 3%.
Financial Services Association, July 4 (Editor Xia Junxiong) On Wednesday EST, only the Dow fell slightly. The S&P 500 index and NASDAQ hit record highs in the intraday period, and set the 33rd closing record and the 23rd closing record of the year, respectively.
(Minute chart of the three major indices, source: TradingView)
At the close, the Dow Jones index fell 0.06% to 39,308.00 points; the S&P 500 index rose 0.51% to 5,537.02 points; and the NASDAQ rose 0.88% to 18,188.30 points.
Affected by the US Independence Day holiday, US stock trading was closed three hours early on Wednesday and the whole day on Thursday.
According to ADP employment data released on Wednesday, the number of private sector jobs in the US increased by 150,000 in June, down from 157,000 in May, and has been slowing for three consecutive months.
Tesla's stock price continued to be boosted by Q2 deliveries exceeding expectations. It rose more than 6% on Wednesday and rose for seven consecutive trading days, setting a record for the longest continuous increase since June 2023.
Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, said that just three months ago, everyone rejected Tesla, but now Tesla's rebound has set a bullish tone for the entire market, and they have all benefited from it.
The performance of popular stocks
Most of the big tech stocks rose, with Apple up 0.58%, Microsoft up 0.32%, Nvidia 4.57%, Tesla up 6.54%, Google up 0.31%, Amazon down 1.20%, and Meta up 0.09%.
Popular Chinese securities rose by 3.31%, Alibaba by 2.57%, JD by 2.99%, Pinduoduo by 2.58%, NIO by 7.51%, Xiaopeng by 9.04%, Ideal Auto by 6.53%, Bilibi by 4.61%, Baidu by 3.67%, NetEase by 2.09%, Tencent Music by 3.53%, and iQiyi by 7.16%.
Company news
[Tesla's second-generation humanoid robot Optimus will debut at the World Artificial Intelligence Conference]
Tesla's official Weibo announced that the second-generation humanoid robot Optimus will debut at the 2024 World Artificial Intelligence Conference to be held in Shanghai from July 4 to 7 to “witness the further evolution of humanoid robots.”
[After 7 months of launch, Amazon decided to stop producing safety robots for small and medium-sized enterprises]
Just 7 months after launch, Amazon (AMZN.O) decided to stop producing the safety robot “Astro for Business” for small and medium-sized enterprises. In an email to customers and employees on Wednesday, Amazon said the reason for shelving Astro for Business was simple: Amazon wanted to focus on its home version of Astro.
[Bezos will sell $5 billion worth of Amazon shares]
Amazon founder Jeff Bezos revealed a plan where he would sell 25 million Amazon shares worth $5 billion. In February of this year, Bezos sold approximately $8.5 billion worth of shares within 9 trading days, the first time he has sold the company's shares since 2021. According to reports, Amazon's stock price closed at 200 US dollars on Tuesday, the highest level since listing in 1997.
[Harvard study results: diet drug Ozempic is associated with rare visual loss]
Analytical results from doctors at the Massachusetts Eye and Ear Hospital (Massachusetts Eye and Ear) affiliated with Harvard Medical School showed that Novo Nordisk's best-selling diet pills Ozempic and Wegovy appear to be related to an increased risk of rare loss of visual function. Research results on medical records show that patients who use Novo Nordisk diet pills to lose weight are more than six times more likely to develop non-arterial anterior ischemic optic neuropathy (NAION) compared to those using other diet pills.
[Vale has selected senior mining executive Shaun Usmar to head its basic metals division]
According to people familiar with the matter, Vale has selected senior mining executive Shaun Usmar to head its basic metals division. The company is looking to increase copper and nickel production. One of the people familiar with the matter said that the appointment has not yet been confirmed and the situation may change. According to reports, Usmar has more than 30 years of industry experience. According to his profile on the Triple Flag website, he previously worked for Barrick Gold Corp. (Barrick Gold Corp.), served as chief financial officer from 2014 to 2016, and held positions at Xstrata Plc (Xstrata Plc) and BHP Billiton.