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Late night surge! The renminbi and A50 rose, and China concept stocks rose across the board, while gold and silver soared.
Tonight, the U.S. June CPI data was released, showing that inflation in the United States has cooled across the board.
10 Consumer Discretionary Stocks Whale Activity In Today's Session
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
US stocks abnormal movement | Gaotu rose more than 1% before the market, Guangzhou Gaotu study abroad and Gaotu International Examination Center opened.
On July 2nd, GOTU.US rose 1.22% before the market opened, at $4.98 per share. On the news front, Guangzhou Gaotu Study Abroad and Gaotu International Test Center opened yesterday. Yan Feifei, head of Gaotu Study Abroad, said that Gaotu Study Abroad has developed rapidly in the past two years, and has set up branches in Beijing, Wuhan, Changsha, and Guangzhou. In the future, Gaotu Study Abroad will continue to exert its strength and layout in the offline market, taking root and sprouting in more cities.
After a Scorching Start to the Year, Gaotu Techedu's (NYSE:GOTU) Shares Pull Back
Chinese online education stocks are generally rising, with Gaotu increasing by more than 5.7%.
As of June 13th, Gaotu increased by more than 5.7%, 17 education & technology increased by more than 5.1%, tal education increased by more than 3.1%, youdao increased by more than 1.7%, new oriental increased by more than 1.4%, and 51talk increased by more than 1.2%.
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