Google opened higher but closed with a 1% gain. Tesla fell over 8% due to a pessimistic outlook. NVIDIA closed at a record high. Intel fell about 3% after its earnings report. The U.S. 2-year yield rose by 5 basis points. The dollar strengthened by 0.3%. Bitcoin fluctuated around $118,500. Gold declined by 0.55%. Crude oil initially plunged, dropping about 1.5% from its daily high, before rebounding and closing with a gain of over 1%. Most night-session domestic futures closed higher, with coking coal up 5.7% and iron ore down more than 1.3%.
Google's earnings report showed strong demand for AI, boosting tech stocks, and combined with the U.S. initial jobless claims falling for six consecutive weeks, the Nasdaq and S&P 500 reached new highs, while small-cap stocks closed lower. Expectations for a Federal Reserve rate cut weakened, with the 2-year yield rising more than 5 basis points, and the dollar strengthening. Chevron may resume oil production in Venezuela, causing crude oil to initially plunge before rebounding and closing higher. Most night-session domestic futures closed higher, with coking coal maintaining a strong upward trend.
U.S. stock performance was mixed, with the Russell small-cap index significantly lagging and closing lower, indicating that funds are highly concentrated in a few leading stocks:
In the late European session, Wall Street Journal reported that the European Central Bank maintained its interest rates unchanged, awaiting clarity on tariff policies. Previously, the EU approved a €93 billion counter-tariff plan against the U.S.
In pre-market trading, according to Wall Street Journal, U.S. initial jobless claims fell for the sixth consecutive week, with traders expecting fewer than two rate cuts this year. Treasury yields rose, with the 10-year yield increasing by about 3 basis points. The dollar's movements were indecisive.
In early U.S. trading, the three major indices showed divergent trends, with the Dow down more than 0.3%, the Nasdaq up more than 0.1%, and the S&P 500 up about 0.2%. Industry ETFs saw mixed performance, with the Global Airlines ETF down more than 2%, the GF CSI All-Share Index Consumer Discretionary ETF, and the Regional Banks ETF leading the declines.
Most night-session domestic futures closed higher, with lithium carbonate leading the gains, with the main contract up 7.21%. Coking coal remained strong, rising 5.7%, and soda ash increased by 4.84%.
U.S. equities showed a mixed performance on Thursday, with the Dow Jones falling 0.7%, while the Nasdaq and S&P 500 both closed at new highs. Small-cap stocks, however, ended the day lower. NVIDIA closed at a record high, while Google opened higher but closed up 1%. Tesla fell more than 8% due to a pessimistic outlook. IBM's second-quarter earnings were below expectations, leading to a nearly 8% drop in its stock price. Intel's shares fluctuated and declined after the release of its earnings report.
U.S. benchmark indices:
The S&P 500 Index closed up 4.44 points, or 0.07%, at 6363.35 points.
The Dow Jones Industrial Average closed down 316.38 points, or 0.70%, at 44693.91 points.
The Nasdaq closed up 37.94 points, or 0.18%, at 21057.96 points. The NASDAQ 100 Index closed up 57.46 points, or 0.25%, at 23219.87 points.
U.S. industry ETFs:
The S&P 500 Energy Sector rose 0.7%, and the Oil and Gas Sector increased by 0.23%. Regional banks, however, fell 1.86%, and the Consumer Discretionary Sector declined by more than 1.6%.
Magnificent 7:
The Wind US Magnificent 7 Index rose by 0.43%.
NVIDIA gained 1.73%, Amazon increased by 1.73%, Google A rose by 1.02%, Microsoft closed up 0.99%, Meta climbed 0.17%, Apple fell 0.18%, and Tesla dropped 8.20%.
Semiconductor stocks:
The PHLX Semiconductor Index closed up 0.12% at 5644.37 points.
AMD rose 2.19%, and Taiwan Semiconductor ADR gained 0.52%.
Chinese stocks:
The Nasdaq Golden Dragon China Index closed down 1.54%, at 7,775.59 points.
MINISO's U.S. stock rose over 8%, with the MINISO LAND global flagship store achieving sales exceeding RMB 100 million.
Bilibili and New Oriental closed down more than 4%, while Li Auto, PDD Holdings, NetEase, Baidu, NIO, JD.com, and Alibaba fell by at least 1%.
Other stocks:
IBM's second-quarter earnings fell short of expectations, causing its stock to drop nearly 8%.
U.S. airline stocks declined, with American Airlines falling 9.62% and Southwest Airlines dropping more than 11%.
The European Central Bank announced no change in policy, and European stocks closed up 0.2%. The United Kingdom's stock market set a new closing high for the fourth consecutive day. Vaccine company Bavarian Nordic rose 21%, Deutsche Bank gained over 9%, while STMicroelectronics fell more than 16%.
Pan-European stocks:
The European STOXX 600 Index closed up 0.24% at 551.55 points, gapping higher at the open and gradually paring gains, but remaining in positive territory throughout the day.
The Eurozone STOXX 50 Index closed up 0.20% at 5355.20 points.
National indices:
The German DAX 30 Index closed up 0.23% at 24295.93 points.
The French CAC 40 Index closed down 0.41% at 7818.28 points.
The UK FTSE 100 Index closed up 0.85% at 9138.37 points, setting a new closing high for the fourth consecutive trading day, with a cumulative gain of 2.37% over the past six days.
Sectors and Individual Stocks:
Among the blue-chip stocks in the Eurozone, Deutsche Telekom rose 5.05%, Santander Bank gained 2.63%, Bayer increased by 2.28%, and Pernod Ricard rose 2.03% to rank fourth.
Among all the constituents of the STOXX 600 Index, Bavarian Nordic surged 21.04%, ITV climbed 13.29%, Neste jumped 12.83%, and BT Group rose 10.43% to rank fourth.
Editor: Jayden
