U.S. stock market update: Interactive Brokers down 7.42%

U.S. Stock Market Midday Update

Interactive Brokers fell 7.42%, with increased trading volume. Based on recent important news:

1. On August 12, Interactive Brokers launched zero-commission U.S. stock trading in Singapore, but the market reaction was poor, leading to a drop in stock price.

2. On August 12, analysts pointed out that Interactive Brokers' valuation is too high, with both price-to-earnings and price-to-sales ratios exceeding the five-year average, resulting in decreased investor confidence.

3. On August 13, Sebi proposed redefining "proprietary trading," which could impact Interactive Brokers' business model, raising market concerns.

Stocks with High Trading Volume in the Industry

Robinhood fell 5.32%, with increased trading volume. Based on recent key news:

1. On August 12, Robinhood released its financial report for the first half of 2025 and the second quarter. Despite significant growth in revenue and net profit, the market questioned its future growth potential, leading to a drop in stock price.

2. On August 12, SUI Network unexpectedly published and then quickly deleted an announcement that its token would be listed on Robinhood, raising market concerns about regulatory risks for Robinhood, putting pressure on its stock price.

3. On August 11, Mizuho reiterated a target price of $120 for Robinhood, but analysts believe that its resilience in the cryptocurrency space and the advancement of tokenized stocks have not alleviated market concerns about its profit model, causing the stock price to continue to decline.

Goldman Sachs rose 0.01%, with a trading volume of $592 million. Based on recent important news:

1. On August 12, a report from Goldman Sachs strategists indicated that despite the S&P 500 index rising, there is significant divergence among individual stocks, with investors favoring AI and large-cap stocks, pushing Goldman Sachs' stock price to a 52-week high.

2. On August 11, Goldman Sachs analysis showed that U.S. companies bear most of the tariff costs, boosting market confidence in Goldman Sachs' economic forecasts, leading to a rise in stock price.

3. On August 12, market uncertainty regarding U.S.-China tariff policies decreased, risk appetite increased, and investors bought Goldman Sachs stock.

Futu Holdings rose 6.44%, with a trading volume of $592 million. Based on recent key news:

1. On August 12, Daiwa Securities initiated coverage of Futu Holdings' American Depositary Receipts with a buy rating and a target price of $190, driving the stock price up.

2. On August 12, analysts viewed Futu Holdings' ecosystem positively, believing that user engagement and profitability would improve, further boosting market confidence.

3. On August 12, despite large fund holders taking a bearish stance on Futu Holdings, overall market sentiment remained optimistic.

Stocks with High Market Capitalization in the Industry

Morgan Stanley fell 0.10%, with a market capitalization of $234.9 billion. Based on recent important news:

1. On August 11, Morgan Stanley predicted that the Federal Reserve would first cut interest rates in March 2026, improving risk sentiment and driving stock prices up

2. On August 12, Morgan Stanley reported that the weak U.S. labor market could lead to an economic recession, affecting stock prices.

3. On August 13, Morgan Stanley Fund conducted research on WuXi AppTec, showing the company's potential for performance growth, boosting stock prices