On May 7, trading concluded with all three major U.S. stock indices advancing. The Dow Jones Industrial Average climbed 0.7%, the S&P 500 index gained 0.43%, and the Nasdaq Composite index edged up 0.27%. Among the large technology stocks, a majority registered gains, with NVIDIA surging over 3%, Amazon increasing 2%, and Meta, Netflix, and Intel each rising more than 1%. Microsoft and Tesla recorded modest increases. However, Google suffered a sharp decline of over 7%, and Apple also fell by more than 1%. Regarding popular Chinese concept stocks, a general downward trend was observed. WeRide plummeted nearly 8%, Baidu and iQIYI dropped more than 4%, Alibaba and Bilibili declined over 3%, XPeng Motors and NIO fell more than 2%, and Pinduoduo and Tencent Music decreased by over 1%. Notably, Li Auto bucked the trend, rising more than 2%.
