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On August 1, all three major U.S. stock indices finished the trading session in positive territory. The Dow Jones Industrial Average climbed 0.53% to settle at 52,485.03 points. The Nasdaq Composite Index advanced 1%, reaching 25,373.85 points, while the S&P 500 Index rose 0.7% to close at 7,489.72 points. The performance of large-cap tech stocks was a mixed bag. Amazon shares soared 15.32%, Google's stock jumped 6.73%, Meta's shares increased by 3.28%, Microsoft's stock was up 3.02%, Nvidia's shares rose 2.93%, and Tesla's stock saw a modest gain of 0.76%. In contrast, Apple's shares took a hit, falling 7.35%. Meanwhile, most popular Chinese ADRs (American Depositary Receipts) also experienced gains, with Alibaba's stock surging over 5%, JD.com's shares gaining 2.17%, and Pinduoduo's stock increasing by 1.28%.
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