Market Performance - The US stock market showed mixed results with the Dow Jones down by 0.13%, while the Nasdaq rose by 0.18% and the S&P 500 increased by 0.06% [1] - Chinese concept stocks performed well, with BOSS Zhipin and iQIYI rising over 4%, and several others including Weibo, Dingdong Maicai, and Meituan increasing by over 3% [1] Cryptocurrency Sector - Cryptocurrency-related stocks saw significant gains, with SharpLink Gaming up over 14% and Bit Digital rising by more than 11% [2] Trade and Tariffs - President Trump announced new tariffs on imports from 14 countries, with rates ranging from 25% to 40%, effective from August 1 [3] - The announcement included specific tariff rates for countries such as Japan and South Korea at 25%, and Laos and Myanmar at 40% [3] US-China Relations - US Treasury Secretary Mnuchin indicated plans to meet with Chinese officials in the coming weeks to discuss trade and other cooperation areas [4] - The discussions aim to expand cooperation beyond trade [4] Federal Reserve and Economic Outlook - Goldman Sachs reiterated expectations for a Federal Reserve rate cut in September, predicting a 6% increase in the S&P 500 by year-end [6] - The optimistic outlook is driven by strong fundamentals of major US stocks and anticipated rate cuts [6] Company News - Apple faces challenges in its AI division as Ruoming Pang, head of its foundational model team, is set to leave for Meta's new "Super Intelligence Lab" [7] - Tesla's stock has seen a significant drop, but social media influencer Dave Portnoy has invested $10 million, betting on a 10% rebound in the stock price within two weeks [8] - Citigroup raised Nvidia's target price to $190, citing a surge in demand for AI infrastructure from sovereign nations, indicating a potential 15% upside from recent trading levels [10]
美股三大指数震荡整理,中概股多数上涨
Feng Huang Wang Cai Jing·2025-07-08 14:44