US Stock Market Wrap-Up: Dow Jones Soars to All-Time High, SpaceX Sees $225 Billion Market Value Vanish
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Author:小编   

The three key US stock indices concluded the trading session with varied outcomes. The Dow Jones Industrial Average surged by 0.49%, reaching a historic peak, whereas the S&P 500 experienced a slight decline of 0.17%, and the Nasdaq Composite Index tumbled by 0.83%. Focusing on individual stocks, SpaceX witnessed a dramatic plunge of over 13% in its share price, leading to a staggering $225 billion loss in market value, subsequently being overtaken by Meta. Although its inaugural earnings report post-IPO indicated a reduction in losses within its AI sector, expenditures surpassed analysts' projections. AMD's stock price also took a hit, plummeting more than 7% as its third-quarter revenue forecast fell below even the most optimistic estimates from Wall Street. Google's shares dipped over 4% following its parent company's announcement of a significant leadership shakeup in its AI division. Conversely, Nvidia's stock price soared more than 3%, marking its fifth consecutive day of gains and achieving a new high since early June, with its total market capitalization now exceeding $5.3 trillion. Apple's stock price edged up slightly, enabling it to regain its status as the world's second-largest company by market value. Photovoltaic stocks were hit hard, with SolarEdge plummeting over 30%, SunPower declining more than 10%, and the Solar Energy ETF slipping around 4%. Additionally, The New York Times' share price dropped over 13%, marking its most significant single-day decline since October 2012.

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