On June 2, as the market closed, the three major U.S. stock indices all posted gains. The Dow Jones Industrial Average climbed by 0.45%, the Nasdaq Composite Index edged up by 0.03%, and the S&P 500 Index rose by 0.13%. However, the performance of large-cap tech stocks was mixed, with the majority experiencing declines. Microsoft's shares plummeted by over 4%, Google's by over 3%, Netflix's by over 2%, and both Amazon and Intel saw drops exceeding 1%. Nvidia and Meta also witnessed slight decreases. In contrast, Apple's stock surged by over 2%, and Tesla's by over 1%. Among popular Chinese ADRs (American Depositary Receipts), most also enjoyed an uptick. 36Kr's shares soared by over 7%, Li Auto's by over 6%, Alibaba and XPeng Group's by over 4%, JD.com and Baidu's by over 3%, and Bilibili, NetEase, and Pinduoduo's by over 1%. Nevertheless, Tiger Brokers and iQIYI saw their shares fall by over 3%, and Zhihu's by over 2%.
