Express News | In Overnight Trading, Tech Giants Extend Losses; Nvidia and Meta Drop Over 3%, Palantir Slumps 4%

Moomoo 24/720:33 ET

Tariff crushes hopes for a rebound in US stocks, the Dow plunged over 2,000 points during the session, the S&P erased more than 4% of its gains and turned negative, and Apple fell 11% from its daily high at one point.

NVIDIA, which rose over 8% in the early session, closed down more than 1%. Tesla, which rose over 7% in the early session, closed down nearly 5%. The China concept Index has closed down more than 5% for two consecutive days. The yield on the two-year U.S. Treasury bond dropped nearly 20 basis points during the session. The Swiss franc surged nearly 2% in the session. Bitcoin dropped over $5,000, falling below the 0.078 million mark during the session. Crude Oil Product once fell more than 4%. Copper rose over 4% during the session but later fell more than 2%.

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U.S. stocks closed with an early rise followed by a drop, with the Nasdaq down over 2%. Apple and Tesla both fell nearly 5%.

① Nasdaq China Golden Dragon Index fell more than 5%; ② PHLX Semiconductor Index fell 3.57%; ③ Trump's administration promotes Coal project mining; ④ Canada's reciprocal tariffs on USA Autos will take effect.

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