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What happened? Us stocks staged a dramatic trend overnight, with the Dow hitting the longest consecutive decline week in nearly a century.
As fears of a US recession linger and options expire, US stocks went on a roller coaster on Friday.
NetEase Reveals Latest Game Innovations at 2022 Annual Product Launch Event
Diablo® Immortal ™ to Hit Chinese Market on June 23, With Over 15 Million Players Already Pre-Registered in China Updates on Hot Titles Including Harry Potter: Magic Awakened and NARAKA: BLADEPOINT HANGZHOU, China, May 20, 2022 /PRNewswire/ -- Net
Close: the S & P fell into a bear market and closed flat, with the Dow making the longest consecutive decline in nearly a century.
U. S. stocks rose rapidly in late trading, and the three major indexes closed mixed. The Nasdaq fell 0.3%, the S & P 500 rose 0.01%, and the Dow rose 0.03%. Large technology stocks were mixed, Tesla, Inc. fell more than 6%, Alphabet Inc-CL C fell more than 1%, Amazon.Com Inc and Apple Inc rose slightly. Chinese stocks fell, Pinduoduo fell nearly 3%, XPeng Inc. fell more than 1%, BABA fell more than 1%.
Close: s & P rebounded and lost, approaching bear market, while US-listed stocks strengthened against the market.
The three major indexes of US stocks collectively closed down, with the Dow down 0.75%, the S & P 500 down 0.58% and the Nasdaq down 0.26%. Most large-scale technology stocks fell, Amazon.Com Inc slightly rose 0.19%, Apple Inc fell more than 2%, Alphabet Inc-CL C fell more than 1%; Chinese stocks performed brightly, Pinduoduo rose nearly 9%, JD.com and NIO Inc. rose more than 5%, and station B rose more than 4%.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors Youdao, Inc. - DAO
Newsfile 19-May-2022 4:32 PMNew York, New York--(Newsfile Corp. - May 19, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Youdao, Inc. ("Yaoudao" or the "Company") (NYSE:DAO).
Nearly 4 trading days rose by more than 40%, why NetEase, Inc youdao (DAO.US) rose against the trend?
Not surprisingly, U. S. stocks were hit again on Wednesday. Among them, the Dow plunged 1164.52 points in a single day, closing down 3.57%, the biggest one-day decline since June 11, 2020; the Nasdaq fell 4.73%, the biggest decline since May 6; and the S & P 500 index fell 4.03%, also the worst one-day performance since June 2020. The three major indices are related to the disturbance of the news side. Earlier, Fed officials continued to make hawkish remarks about their support for a 50 basis point rate hike. To make matters worse, recently, a number of institutions have expressed pessimistic expectations for the future economy. S & P said
EOSE, DAO and GBOX among mid-day movers
Gainers: DLocal Limited (DLO) +24%.Kidpik (PIK) +21%.GreenBox (GBOX) +19%.Sunlands Technology Group (STG) +17%.TDCX (TDCX) +15%.Magnachip Semiconductor (MX) +14%.Concert Pharmaceuticals (CNCE) +13%.Ag
STG, BBIG and EWCZ are among consumer and movers
Gainers: Sunlands Technology Group (STG) +17%.Kidpik (PIK) +15%.Vinco Ventures (BBIG) +13%.Youdao (DAO) +11%.Unique Fabricating (UFAB) +11%.Losers: Target Corporation (TGT) -24%.QualTek Services (QTE
For the first time, Huatai covered the target price of youdao (DAO.US) for "buy" rating of US $12.95.
The APP of Zhitong Finance learned that Huatai released a research report covering NetEase, Inc youdao (DAO.US) for the first time on May 18. Huatai gave NetEase, Inc a "buy" rating of youdao, with a target price of $12.95. Huatai pointed out that in the post-"double reduction" era, the youdao program focuses on areas of growth that are in line with its own expertise in educational science and technology, including smart hardware, quality courses, adult and vocational education courses, and educational information solutions. Taking into account youdao's ability to continue to achieve technological innovation, the growth of existing courses and the reserve of course research and development, the company expects
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Youdao, Inc. - DAO
Globe Newswire 17-May-2022 7:13 PMNEW YORK, May 17, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Youdao, Inc. ("Youdao" or the "Company") (NYSE:DAO). S