U.S. stock market update: So-Young rises 9.26%

U.S. Stock Market Midday Update

So-Young Technology rose 9.26%. Based on recent important news:

1. On August 22, regulatory policies in the medical beauty industry tightened, requiring So-Young to increase compliance costs, restrict traditional marketing, and impacting business development.

2. On August 22, offline store cash flow turned positive, but overall reliance on capital infusion increased financial pressure.

3. On August 22, internet giants accelerated their entry into the medical beauty sector, putting competitive pressure on So-Young.

Stocks with High Trading Volume in the Industry

Google-A rose 1.39%, with a trading volume of $1.668 billion. Based on recent important news:

1. On August 22, Google reached a $10 billion cloud computing agreement with Meta, driving up the stock price.

2. On August 23, Apple considered using Google's Gemini AI to support Siri, further boosting the stock price.

3. On August 22, Google Cloud achieved a milestone victory by reaching a historic agreement with Meta.

Meta fell 0.15%, with increased trading volume. Based on recent important news:

1. On August 22, Meta announced a freeze on hiring in its AI department, raising market concerns about its high compensation strategy, leading to a slight drop in stock price.

2. On August 22, Meta reached a cloud computing agreement worth over $10 billion with Google, showcasing cooperation and competition among tech giants.

3. On August 22, Morgan Stanley warned that Meta's AI investments could impact shareholder returns, leading to market skepticism about its future strategy.

Google-C rose 1.43%, with increased trading volume. Based on recent key news:

1. On August 22, Meta reached a $10 billion cloud service agreement with Google, driving up Google's stock price.

2. On August 23, Apple considered using Google's Gemini AI to improve Siri, further boosting Google's stock price.

3. On August 23, Alphabet's stock price hit a historic high, influenced by news of the partnership with Apple.

Stocks with High Market Capitalization in the Industry

Reddit rose 0.95%, with a market capitalization of $41.1 billion. Based on recent important news:

1. On August 23, Reddit's Chief Accounting Officer and Chief Legal Officer sold company common stock, raising market concerns about internal confidence, leading to stock price fluctuations.

2. On August 22, price pressures from tariffs and weak consumer demand could affect the valuations of growth stocks like Reddit, raising market concerns about future profitability.

3. On August 22, the Federal Reserve may be cautious about interest rate cuts due to accelerating consumer inflation, affecting market expectations for growth stocks