US Stock Market Morning Session: New Oriental EDU & Tech down about 4%, Ford Motor down about 14%, gold stocks generally down
The three major U.S. stock indexes experienced mixed movements. The Dow Jones Industrial Average fell by 0.1%, the S&P 500 Index rose by 0.1%, and the Nasdaq Composite Index increased by 0.1%. Most semiconductor stocks declined, with New Oriental falling by about 4%
On Thursday, July 25th, the three major U.S. stock indexes showed mixed performance. The Dow Jones fell by 0.1%, the S&P 500 rose by 0.1%, and the Nasdaq rose by 0.1%.
New Oriental dropped by about 4% as Dong Yuhui resigned, with 76.59 million buying out 100% equity stake held by Yuhui. Ford Motor fell by about 14% as the company's second-quarter profit plummeted by 26%, far below expectations, and the full-year guidance was not revised upwards. Most semiconductor stocks declined, with Micron Technology falling by about 3%. IBM rose by about 2% as the company's second-quarter revenue exceeded expectations, citing over $2 billion in orders from generative AI.
The just released U.S. GDP for the second quarter grew faster than expected, with core inflation easing, and the market's expectation of a Fed rate cut in September remains unaffected.
