By the close of trading on September 4, the three principal U.S. stock indices had all shifted into an upward trajectory. Specifically, the Dow Jones Industrial Average ascended by 0.77%, the Nasdaq Composite Index climbed 0.98%, and the S&P 500 Index registered a 0.83% increase. A broad rally was evident among large-cap technology stocks, with Amazon's shares skyrocketing over 4%, Arm's stock advancing more than 3%, Netflix's value rising above 2%, and both Tesla and Meta seeing gains exceeding 1%. Moreover, Google, Nvidia, Apple, and Microsoft also posted moderate increases. In contrast, the majority of popular Chinese American Depositary Receipts (ADRs) experienced declines. Alibaba's stock tumbled more than 4%, NIO's shares dropped over 3%, while Weibo and XPeng both witnessed a downturn exceeding 2%. Tencent Music and NetEase also recorded losses greater than 1%. However, Baidu bucked the trend, achieving a gain of over 1%.
