U.S. stocks close: Trump reverses losses with one sentence, Alibaba shines in global markets
Financial News Agency, July 9th: Last night and this morning, as the United States and Iran showed signs of "returning to the battlefield from the negotiating table," geopolitical risks triggered a rebound in risk aversion. As of the close, the S&P 500 Index fell 0.28% to 7,482.71 points; the Nasdaq Composite Index rose 0.2% to 25,870.65 points; the Dow Jones Industrial Average fell 1.09% to 52,348.39 points. What needs to be noted in particular is that Wednesday's closing performance was a "false shot" by Trump's remarks.
Financial News Agency, July 9th: Last night and this morning, as the United States and Iran showed signs of "returning to the battlefield from the negotiating table," geopolitical risks triggered a rebound in risk aversion. As of the close, the S&P 500 Index fell 0.28% to 7,482.71 points; the Nasdaq Composite Index rose 0.2% to 25,870.65 points; the Dow Jones Industrial Average fell 1.09% to 52,348.39 points. What needs to be noted in particular is that Wednesday's closing performance was a "false shot" by Trump's remarks. The S&P 500 Index and the Nasdaq Index both fell by more than 1% during the session, but quickly rose after Trump publicly stated that he "does not think the United States and Iran will start a new war." (Minute chart of Nasdaq index, source: TradingView) However, just over 10 minutes after the U.S. stock market rang the closing bell, many places in Iran suffered the second round of US military attacks in the past 24 hours. As of press time, Brent oil has risen significantly for the second consecutive day, with the latest quote close to $80 per barrel. (Brent oil daily chart, source: TradingView) Therefore, subsequent market performance will still depend on the progress of the situation in the Middle East. Angelo Kourkafas, global investment strategist at Edward Jones, said that while escalating geopolitical risks may trigger short-term risk aversion, neither the United States nor Iran seems willing to allow the conflict to continue. He also noted that investors have long seen that overreacting to rapidly changing news stories often leads to poor portfolio performance. As the brightest star in the US stock market on Wednesday, Chinese technology stock Alibaba surged 11.05% in the US stock market on Wednesday. According to statistics, Alibaba was also the only company with a global market value of more than 200 billion US dollars on Wednesday to have a double-digit increase. The company previously announced forward-looking financial data. Alibaba Cloud's growth rate and the speed of loss reduction in its food delivery business exceeded expectations. Ranked by market capitalization, As of the close, NVIDIA rose 3.65%, Apple rose 0.88%, Google-A fell 1.39%, Microsoft fell 1.41%, Amazon fell 0.96%, TSMC rose 1.02%, SpaceX fell 0.78%, Broadcom rose 4.83%, Meta fell 2.02%, Tesla fell 2.19%, Eli Lilly fell 1.6%, Micron Technology rose 1.11%, Berkshire Hathaway A fell 1.03%. In addition to Micron, among the "Seven Kings of Storage", SanDisk rose 6.77%, Seagate Technology rose 3.91%, and Western Digital rose 3.42%. The key point here is that SK Hynix will determine the U.S. stock issuance price with reference to the closing price of Korean stocks on Thursday. In recent days, the storage sector has also continued to compete around this time point. The Nasdaq Golden Dragon Index rose strongly by 2.05% on Wednesday. As of the close, Alibaba was up 11.05%, Pinduoduo was up 2.68%, NetEase was up 1.88%, JD.com was up 4.3%, Baidu was up 4.93%, Kingsoft Cloud was up 11.44%, Century Internet was up 8.04%, GDS was up 7.93%, and Youdao was up 7.89%. [SpaceXAI launches Grok 4.5 new model to focus on legal, financial and programming tasks] SpaceXAI has released a new artificial intelligence model jointly developed with AI programming startup Cursor, aiming to improve its capabilities in professional fields such as finance, law and programming. It is worth mentioning that the product launch comes just weeks after SpaceX officially agreed to acquire Cursor, which was valued at $60 billion in the deal. [Meta announces investment of US$10 billion to build Canadian data center] Meta, which triggered the controversy over “selling computing power,” announced on Wednesday that it will build a 1-gigawatt data center in the Canadian province of Alberta, costing approximately US$10 billion (CAD 13 billion). This will be Meta's first data center in Canada and the company's 33rd data center worldwide. [Fuel cell leader was attacked by short-selling reports]
As of press time, fuel cell leader Bloom Energy closed down 5.67%. On the news, short-selling agency Hunterbrook questioned the company's supply chain and production capacity. Short sellers said that in order to meet market expectations for its 5 GW production capacity, Bloom Energy alone would need about 220 tons of scandium oxide, but the total annual supply of scandium oxide in the world is only 240 tons. The report also cast doubt on Bloom Energy's revenue growth, saying the majority of the company's revenue comes from joint ventures it co-owns with Brockfield. At the same time, the company's main customer, Oracle's Jupiter project in New Mexico, has not yet obtained a license for fuel cell use, and the deployment time of American Electric Power's fuel cell order worth US$2.65 billion seems to have been postponed from 2028 to "no later than 2030." (
As of press time, fuel cell leader Bloom Energy closed down 5.67%. On the news, short-selling agency Hunterbrook questioned the company's supply chain and production capacity. Short sellers said that in order to meet market expectations for its 5 GW production capacity, Bloom Energy alone would need about 220 tons of scandium oxide, but the total annual supply of scandium oxide in the world is only 240 tons. The report also cast doubt on Bloom Energy's revenue growth, saying the majority of the company's revenue comes from joint ventures it co-owns with Brockfield. At the same time, the company's main customer, Oracle's Jupiter project in New Mexico, has not yet obtained a license for fuel cell use, and the deployment time of American Electric Power's fuel cell order worth US$2.65 billion seems to have been postponed from 2028 to "no later than 2030." (