Ge Long Hui·2025-05-20 22:53Market Overview - US stock indices experienced fluctuations and closed lower, with the Dow Jones down 0.27%, Nasdaq down 0.38%, and S&P 500 down 0.39% [1] - The VIX index decreased by 0.28% to 18.09, while the US dollar index fell by 0.35% to 100.02 [1] - The yield on the US 10-year Treasury rose by 0.809% to 4.487%, with a spread of 51.5 basis points over the 2-year Treasury yield [1] - Spot gold increased by 1.84% to $3289.54 per ounce, and Brent crude oil rose by 0.11% to $65.6 [1] Industry & Stocks - Most sectors in the S&P 500 declined, except for consumer staples, utilities, and healthcare, which rose by 0.35%, 0.29%, and 0.25% respectively [2] - Chinese concept stocks showed mixed results, with KWEB down 0.09%, while Alibaba rose by 1.79% and JD.com increased by 0.77% [2] - Major tech stocks mostly fell, with Microsoft down 0.15%, Nvidia down 0.88%, and Apple down 0.92% [3] - Tesla saw a slight increase of 0.51%, with Elon Musk committing to remain CEO for the next five years [3][5] Daily Focus - Pony.ai reported Q1 2025 earnings with total revenue of 102 million yuan, a 12% year-on-year increase, and Robotaxi revenue of 12.3 million yuan, up 200% [4] - The Robotaxi passenger fare revenue surged by 800% year-on-year, with plans to scale the fleet to 1,000 vehicles by the end of 2025 [4] - Nvidia's CEO stated that the US chip export restrictions to China could result in a loss of $15 billion in sales [10]