The U.S. stock market commenced trading with a slight downturn across its three principal indices. The Nasdaq Composite Index experienced a marginal decline of 0.04%, the S&P 500 Index dipped by 0.02%, and the Dow Jones Industrial Average edged down 0.06%. Among individual stocks, Baidu stood out with a surge exceeding 6%, buoyed by a series of favorable advancements in its AI ventures and a substantial upward adjustment of its Hong Kong-listed stock's target price by JPMorgan. XPeng Motors also witnessed a 2.8% rise, thanks to its newly launched G7 super-long-range SUV, which achieved an impressive combined driving range of over 1,704 kilometers, setting a new global benchmark. Moreover, the spot gold price rebounded to surpass $4,400, providing a boost to gold-related stocks. Gold Fields climbed 4%, Harmony Gold rose by more than 3%, and both Pan American Silver and U.S. Gold Corp. recorded gains exceeding 2%.
