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US stocks close | S&P, Nasdaq hit new highs for four consecutive days! Apple's market cap surpassed Microsoft, ranking first in the global market cap.
The China concept stocks index opened higher by over 1% and closed slightly up, Bilibili rose over 13% before closing with a 7.7% gain, and NIO Inc opened higher by 3.6% before turning lower.
US Stock Market Close: S&P and Nasdaq hit new highs for three consecutive days, while Microsoft, Apple and Nvidia all hit historic highs.
Chip stocks such as Nvidia are collectively celebrating, with Taiwan Semiconductor up more than 4%, Broadcom up more than 2%, Applied Materials up more than 3%, and Micron Technology up more than 4%, all hitting historical highs.
U.S. stocks closed | S&P 500 hits record high before Federal Reserve decision, Apple's market cap surpassed Nvidia's.
The Chinese concept stock index fell by 1.6%, with NIO Inc. and Xpeng falling by over 5%, while Ke Holdings, which had a bullish financial report, fell by 6.5%.
Pimco warns that the plight of commercial real estate in the United States could lead to more regional bank failures.
The Pacific Investment Management Company predicts that more regional banks in the USA will fail due to their high concentration of troubled commercial real estate loans on their balance sheets.
PIMCO: The crisis in US commercial real estate is lurking! PIMCO expects regional banks' patience to be near 'critical point'
John Murray told the media that as a lender in the commercial real estate field, regional banks in the United States are facing a "real wave of difficulties" that has only just begun. For banks, the decline in the value of mortgage assets may lead to an increase in the loan-to-value ratio, which is the ratio of the loan amount to the actual value of the collateral.
Bearish surprise attack! Moody's issued a warning to 6 regional banks in the USA.
Regional banks in the United States have been hit again!