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On July 8, as the U.S. stock market wrapped up trading, the three major indices displayed divergent trends. The Dow Jones Industrial Average experienced a decline of 1.09%, while the Nasdaq Composite Index eked out a 0.2% gain. The S&P 500 Index, meanwhile, slipped by 0.28%.
The tech sector largely saw a downturn. Tesla and Meta both suffered losses exceeding 2%, with Microsoft and Google also experiencing drops of over 1%. Amazon's shares decreased by 0.96%, SpaceX's by 0.78%, and Netflix's by 0.77%. However, there were bright spots: Nvidia's shares surged more than 3%, and Apple's rose by 0.88%.
In the realm of Chinese American Depositary Receipts (ADRs), there was a general upswing. Alibaba's stock price soared over 11%, iQIYI's climbed more than 5%, and both Baidu and JD.com saw increases exceeding 4%. Pinduoduo and Tencent Music also posted gains, each rising over 2%.
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