U.S. stock market update: Opendoor Tech down 4.47%

U.S. Stock Market Midday Update

Opendoor Tech fell 4.47%, with increased trading volume. Based on recent important news:

1. On August 5, Opendoor is set to release its second-quarter earnings report, with market expectations for revenue to remain flat and adjusted earnings per share loss to narrow to $0.02. Management's outlook may be more important than the actual results; without a positive outlook, the stock price may decline.

2. On August 4, Opendoor canceled the shareholder vote on the reverse stock split and announced it has re-complied with Nasdaq's minimum bid requirements, causing the stock price to rise.

3. On August 3, Opendoor's stock fluctuated due to its status as a meme stock, with investors expressing skepticism about its profitability, leading to stock price instability.

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Zillow-C fell 0.80%, with increased trading volume. Based on recent important news:

1. On August 3, analysts rated Zillow as hold, not included in the recommended buy list, affecting market confidence and leading to a decline in stock price.

2. On August 4, the Hong Kong real estate market was active, but Zillow failed to benefit from this trend, putting pressure on its stock price.

3. On August 5, quarterly earnings exceeded expectations, but the market reaction was lukewarm, and the stock price did not see significant increases.

CBRE Group rose 0.37%, with increased trading volume. Based on recent important news:

1. On August 4, Hong Kong residential property transaction volume exceeded 5,000 for five consecutive months, indicating signs of market recovery, pushing the stock price up by 0.37%.

2. On August 4, the government's stamp duty policy adjustment stimulated active residential transactions, increasing market confidence.

3. On August 5, the Tuen Mun land auction attracted developer interest, raising market expectations.

Costa rose 0.15%, with a trading volume of 75.72 million. Based on recent important news:

1. On August 5, Costa Group's annualized return over the past decade was 17.17%, outperforming the market by 5.46%. This long-term strong performance boosted investor confidence, pushing the stock price up by 0.15%.

2. On August 4, Bee Assistant reached a 60-day high, and although not directly related to Costa, the positive sentiment towards tech stocks may have indirectly influenced Costa's performance.

3. On August 4, Domain Holdings Australia’s positive performance in the real estate sector may have a positive impact on overall market sentiment, indirectly supporting Costa's stock price.

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Beike fell 2.13%, with increased trading volume. Based on recent important news:

1. On August 4, Beike spent $5 million to repurchase 837,900 shares at a price of $5.91-6.13 per share, failing to boost the stock price and instead raising market concerns about the company's future growth, leading to a 2.13% decline in stock price

2. On August 4th, the "2025 China Real Estate Full Industry Chain Development White Paper" released at the Boao Real Estate Forum pointed out that the real estate market is facing structural adjustments, with insufficient market confidence affecting the stock price of Beike.

3. On August 5th, the transaction volume of residential properties in Hong Kong slightly fell by 3.2%, but the overall market showed no significant signs of recovery, impacting investor confidence in Beike