BIDU(US:BIDU) Xin Lang Cai Jing·2026-01-04 01:29Market Performance - On January 2, US stock markets showed mixed results, with the Dow Jones Industrial Average rising by 319.10 points, or 0.66%, closing at 48,382.39 points; the Nasdaq Composite fell by 6.36 points, or 0.03%, closing at 23,235.63 points; and the S&P 500 index increased by 12.97 points, or 0.19%, closing at 6,858.47 points, breaking a three-year trend of declines on the first trading day of the new year [1][2][5]. Technology Sector - The Nasdaq Composite index was unable to maintain its opening gains due to declines in several major tech stocks, including Tesla down 2.59%, Microsoft down 2.21%, Amazon down 1.88%, Meta down 1.41%, and Netflix down 2.97% [2][7]. Chinese Stocks - The Nasdaq China Golden Dragon Index surged by 4.38%, marking its largest single-day increase since May 12 of the previous year. Baidu led the gains among Chinese stocks, rising by 15.03% after announcing plans to spin off its AI chip company Kunlun and list it in Hong Kong, which investors believe will enhance the company's value and stimulate capital flow into Chinese AI and semiconductor stocks [3][7]. Other Chinese Stocks - Other notable performances among Chinese stocks included Tiger Brokers up 9.21%, Futu Holdings up 8.68%, Bilibili up 7.24%, NetEase up 7.22%, Alibaba up 6.25%, iQIYI up 5.73%, Tencent up 5.23%, Niu Technologies up 3.63%, Weibo up 3.13%, JD.com up 2.89%, and Pinduoduo up 2.08% [5][9].