On July 14, all three major U.S. stock indices finished the trading session in positive territory. The Dow Jones Industrial Average edged up by 0.02%, the Nasdaq Composite Index climbed 0.9%, and the S&P 500 Index advanced 0.38%. Memory-related stocks delivered a robust performance, with SK Hynix soaring more than 27%. SanDisk also saw a significant gain, rising over 5%, while Micron Technology, NVIDIA, and Intel each increased by more than 4%. In stark contrast, IBM's stock price took a nosedive, plummeting more than 25% and erasing nearly $70 billion from its market capitalization. Among popular Chinese concept stocks, most ended the day lower, with Baidu dropping more than 3%, NetEase falling over 2%, and Alibaba, JD.com, Pinduoduo, and Bilibili experiencing slight declines. However, XPeng Group rose more than 3%, Li Auto gained over 2%, and NIO increased by more than 1%.
