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Tesla, Starlink To Collab? Patent Filing Could Lead To Elon Musk's Companies Working Together
U.S. Stocks Close | Major Indices All Drop, Most Tech Stocks Decline; Broadcom Falls Over 5%, Tesla Rises Over 3% to Hit a New Yearly High; Cryptocurrencies Slump, Circle Drops Nearly 10%
US Treasury volatility dropped to its lowest level since May of last year, with the 10-year Treasury yield edging down by 0.5 basis points. The US dollar fell for the fourth consecutive session. The offshore yuan once breached the 7.04 level. Ethereum plunged nearly 9% from its daily high, falling below the $3,000 mark. Gold approached last Friday's high before dropping more than 1.5%. Silver rose 3.7%, reclaiming the $64 level.
U.S. Stocks Close: AI Concept Stocks Remain Under Pressure, Major Indices End Lower; Tesla Rises Over 3%
① Most large-cap technology stocks fell, with Tesla rising over 3%. ② Popular Chinese stocks generally declined, with the Nasdaq China Golden Dragon Index falling by 2.17%. ③ Nasdaq has applied to extend weekday trading hours to 23 hours.
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Tesla surged over 3% to reach a new high for the year, with the AI narrative driving the rally.
Analysts believe that Tesla's fundamental business is no longer the primary driver, with the stock's trading more based on investor sentiment. The支撑 its trillion-dollar valuation is the AI narrative. On Monday, Tesla extended its rally from last Friday, closing up 3.56% to reach a new high for the year.
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