Wallstreetcn
2024.10.08 13:32

US Stock Market Morning Session: US three major stock indexes are rising, while popular Chinese concept stocks are generally falling

Market expectations for the magnitude of the Fed's rate cut in November have been lowered, with the Nasdaq rising 0.52% at the opening, the S&P 500 up 0.46%, and the Dow up 0.29%; Nvidia rose nearly 2%; AMD rose over 2%, with the company stating that shipments in the current quarter exceeded 100,000 for its new liquid cooling solution GPU; "Metaverse First Stock" Roblox fell over 9%, with short-selling institution Xingdengbao stating that they have shorted Roblox. The Nasdaq China Golden Dragon Index fell by 5.41%, with most popular Chinese concept stocks experiencing a pullback, JD.com falling over 8%, Baidu falling over 7%, and Nio falling over 8%