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On Thursday, the US stock market closed with a mixed performance, with major indices rising and falling. The Dow Jones Industrial Average fell slightly by 0.02%, the S&P 500 index rose slightly by 0.03%, while the Nasdaq Composite index dipped slightly by 0.01%.
It is noteworthy that chip manufacturing giant Intel performed impressively, with its stock price rising by 7.38%, becoming the focus of the market that day. However, Chinese concept stocks overall performed weakly, with the Nasdaq Golden Dragon China Index falling by 2.13%. Among them, e-commerce giant Alibaba fell by 3.64%, JD's stock price declined by 2.86%, and NetEase dropped by 3.88%.
Market observers point out that the U.S. Producer Price Index (PPI) year-on-year for July was higher than expected, and this data may have had a certain impact on investor sentiment. Meanwhile, the cryptocurrency market has also seen a correction, with notable fluctuations in the prices of digital assets such as Bitcoin and Ripple.
Overall, this trading day has shown a divergence between the performance of technology stocks and traditional industry stocks, with Chinese concept stocks generally under pressure. Analysts believe that the future market trend will continue to be influenced by multiple factors such as macroeconomic data, corporate earnings performance, and global geopolitical situations. Investors need to closely monitor these variables to better grasp market trends.