Economy Stock Market

US stocks (must read) before the market: Dow futures plunged more than 300 points, the stock market fell

Tencent Securities on May 13th, US stock index futures fell sharply on Monday, following the decline in Europe and Asia Pacific markets.

As of press time, the Dow futures fell 305 points to 25,659 points, a decrease of 1.2%; the S&P 500 index futures fell 1.3% to 2,580.88 points; the Nasdaq 100 index futures fell 1.6% to 7489 points.

Market driver:

European stocks fell across the board, and the European Stoxx 600 index fell 0.5%. The Shanghai Composite Index closed down 1.2%, holding 2900 points, the GEM index fell 2%, and the Shenzhen Component Index fell 1.43%. The Nikkei 225 index closed down 0.72%.

There are no important economic data and important corporate financial reports released today. At 9:10 pm Beijing time, Boston Fed President Eric Rosengren and Federal Reserve Vice Chairman Richard Clarida will deliver a speech.

China stocks:

China stocks fell before the market, Alibaba fell 2.3%, Baidu fell 1.95%, Jingdong fell 1.8%, Netease fell 2.1%, spells fell 2.1%, Weibo fell 3.5%, Iqiyi fell 3.2%, Mo Mo It fell 2.8%, the fun headline fell 3.1%, the fun store fell 2.8%, and the Thunder rose 1.8%.

Dallas Electric (NASDAQ: NIU) revenue of 355 million yuan in the first quarter, an increase of 105.5%; net profit of 12 million yuan, turning losses into profits; adjusted (non-GAAP) net profit of 14.6 million, turning losses into profit.

CICC upgraded the Jingdong ADR (NASDAQ:JD) rating from holding to buying. The target price is $36, which is a 28% increase. The average target price of Jingdong ADR is $32.58.

On May 13th, 360 news, Baidu Education Department, which belongs to Baidu (NASDAQ:BIDU) EBG (Baidu Emerging Business Group), has been revoked. Zhang Gao, the former general manager of Baidu Education Department, has been transferred to Baidu search company. The subordinate’s content ecological department reported to Baidu’s vice president.

Key US stocks:

Facebook fell 1.7%, Apple fell 2.1%, Amazon fell 2.1%, Naifei fell 1.8%, Google fell 1.3%, Microsoft fell 1.7%, Tesla fell 1.7%, Uber fell 2.6%.

Swiss bank analyst Timothy Arcuri said in the research report that China’s iPhone sales in April fell by 3% year-on-year, a significant improvement from the 61% decline in March, mainly due to China’s “overall market strength.” China’s overall smartphone market grew by 6% in April, compared with nine months in the previous 10 months.

Uber (Uber) was listed on the New York Stock Exchange last Friday and the code is UBER. In this IPO, Uber issued 180 million shares, and the issue price was set at 45 US dollars. It is located at the low end of the guidance zone and raises about US$8.1 billion. Uber broke 6.7% to open at $42/share. At the close, Uber shares fell 7.62% to $41.57 with a market capitalization of $69.711 billion.

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