Loading...
12/17 05:32
Loading...
On Thursday, U.S. stock futures fell across the board, with the Dow Jones futures down 0.31%. Most major tech stocks, including Apple, Amazon, Google, and Tesla, saw slight declines, while Nvidia, AMD, and Intel experienced minor gains.
Chinese stocks showed a positive trend in pre-market trading, with Miniso rising nearly 6% and NIO up over 3%. NIO is set to hold a technology launch event for its new ES8 product tonight, which will also open for pre-sale. The new ES8, built on the NT3.0 platform, features advanced lidar technology and a significantly upgraded body size, positioning it as a "full-scenario technology flagship SUV."
Miniso reported a 23.1% year-on-year revenue increase in Q2, with TOP TOY's revenue surging by 87%. The company ended the previous quarter's decline in same-store sales, achieving positive growth. The revenue for the three months ending June 30, 2025, reached RMB 4.966 billion.
Bilibili's Q2 net revenue totaled RMB 7.34 billion, a 20% increase year-on-year. The company reported a net profit of RMB 218 million, recovering from a loss in the same period last year.
Walmart's Q2 revenue was $177.4 billion, up 4.8% year-on-year, slightly exceeding market expectations. However, the stock fell over 2% in pre-market trading following the earnings report.
The U.S. and EU have reached a framework agreement on trade, covering various sectors including agriculture, automobiles, and semiconductors.
Market participants are closely watching Jerome Powell's upcoming speech at Jackson Hole, which could significantly impact market sentiment, especially in the bond market. Current expectations suggest an 85% probability of a 25 basis point rate cut next month.
Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1 million by 2030, indicating a potential 777% growth from its current price of approximately $114,000.
Despite recent sell-offs in tech stocks, Wedbush analysts believe this presents a buying opportunity, especially with Nvidia's upcoming earnings report expected to drive the next wave of AI market momentum.
