<p>U.S. stock market early trading: The Dow Jones Industrial Average fell 0.56%, and the S&amp;P 500 index fell 0.65%. Chinese concept stocks generally declined, with Pinduoduo down about 4% as the company's fourth-quarter revenue fell short of expectations. Alibaba fell about 4%, and XPeng fell about 5%. Most technology stocks declined, with Tesla down about 1%. The market is increasingly skeptical that the Federal Reserve will be able to significantly cut interest rates in the face of tariffs pushing up inflation</p>

<p>U.S. stocks performed poorly at the beginning of the trading session, with the Dow Jones Industrial Average down 0.56% and the S&P 500 index down 0.65%. Chinese concept stocks generally declined, with Pinduoduo down about 4%, Alibaba and XPeng down about 4% and 5% respectively. Technology stocks also mostly fell, with Tesla down about 1%. The market expressed doubts about the Federal Reserve's ability to significantly cut interest rates in the context of high inflation</p>

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U.S. stock market early trading: Nasdaq down 0.9%, Chinese concept index down over 3%, Pinduoduo down about 4%, the comfort brought to the market by the Federal Reserve is diminishing