Meta and Microsoft boost AI confidence, TSL denies CEO replacement rumors, Crypto Assets simultaneously surge.
On Thursday, U.S. stocks rebounded strongly, benefiting from the impressive earnings reports from tech giants Meta and Microsoft, reigniting market confidence in the growth potential of artificial intelligence (AI). TSL denied rumors of a CEO change, and its stock price also rose. On the other hand, the Crypto Assets market also saw a wave of gains, with SUI coin surging over 50% in the past 30 days, becoming the new market focus.
Tech giants report impressive earnings, US stocks rebound sharply
On Thursday trading day, the three major U.S. stock indices closed in the green. The S&P 500 index rose by more than 1%, the Nasdaq Composite index surged by over 2%, and the Dow Jones Industrial Average rose by 366 points, an increase of about 1%. This wave of gains was mainly driven by Meta and Microsoft, both of which reported better-than-expected results in their first-quarter earnings.
Meta CEO Mark Zuckerberg pointed out in the earnings call that the company "performed very well" and emphasized that it is ready to respond to the current macroeconomic challenges. Microsoft, on the other hand, showed outstanding performance in its Azure cloud business, overall revenue, and profits, releasing an optimistic outlook that sparked market buying interest. Microsoft's stock price surged 9% in a single day, while Meta rose 6%, and AI concept stocks like Nvidia also increased by 4%.
Investors put aside AI concerns: "Just entering the outbreak period"
Although the market remains cautious about the economic outlook, the medium- to long-term development prospects of AI continue to be optimistic. Jed Ellerbroek, portfolio manager at Argent Capital Management, stated: "Even under the influence of Trump's trade policies, the AI sector still has relative resilience, and we are currently at the early stages of a very steep growth curve." This confidence has also led to a rebound in the overall technology sector, injecting vitality into the market that has been sluggish due to weak data.
Employment data adds shadows, economic concerns unresolved.
Despite the surge in the stock market, the number of initial unemployment claims in the United States released on Thursday reached 241,000, higher than the expected 225,000, pouring a bucket of cold water on the market. This data echoes the GDP contraction of 0.3% reported earlier this week, exacerbating investors' concerns about an economic slowdown.
The non-farm payroll report to be released on Friday will become the focus of the market and may influence short-term market sentiment.
At the end of April, the market rebounded to save the situation, and the monthly line of the index turned red.
Wednesday was the last trading day of April. Despite a sharp decline in the early session due to poor GDP data, the S&P 500 and Dow Jones Industrial Average both fell more than 2% and 780 points at one point, but strong buying in the afternoon led to a recovery, ending in the green. Nevertheless, the overall performance in April was still lackluster, with the S&P 500 and Dow Jones down 0.8% and 3.2% respectively, while only the Nasdaq managed to rise by 0.9%.
This wave of movement reflects that under the dual pressure of politics and economics, some funds still choose to flow back into technology and growth assets.
TSL clarifies CEO change rumors, stock price rebounds simultaneously
TSL's stock price rose more than 2% on Thursday, primarily because the company denied a report from The Wall Street Journal that claimed the board was seeking candidates to replace Musk. TSL board chair Robyn Denholm immediately clarified on social media platform X: "Media reports that TSL has initiated a CEO search process are completely false."
This clarification eased the market's concerns about management instability and temporarily stabilized TSL's stock price.
Crypto Assets齐扬，SUI暴涨成焦点
Alongside the rise of tech stocks, the overall Crypto Assets market is also heating up. Bitcoin (BTC) is currently reported at $96,946.27, having risen 3.15% in the past 24 hours, with a cumulative increase of 15.02% over the past 30 days. Ethereum (ETH) has rebounded to $1,849.07, with a daily increase of 4.76%, but still showing a slight decline of 2.06% on a monthly basis.
The biggest highlight is the emerging project Sui (SUI), which is currently priced at $3.74, rising 10.03% in a single day, and with weekly and monthly increases reaching 15.84% and 52.71% respectively, making it a recent star in the crypto assets market.
Other mainstream coins like Solana (SOL) rose by 7.53%, XRP increased by 3.72%, and Dogecoin (DOGE) also saw a growth of 6.73%. This wave of increase shows that even in the face of macro uncertainties, market funds are still actively flowing into blockchain and AI application projects with high growth potential.
This article reports that earnings reports from tech stocks have boosted US stocks higher, with SUI soaring over 50% to become a new star in the Crypto Assets market, first appearing in Chain News ABMedia.
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The positive earnings reports from tech stocks boosted the US stock market, with SUI soaring over 50% becoming a new star in the crypto market.
Meta and Microsoft boost AI confidence, TSL denies CEO replacement rumors, Crypto Assets simultaneously surge.
On Thursday, U.S. stocks rebounded strongly, benefiting from the impressive earnings reports from tech giants Meta and Microsoft, reigniting market confidence in the growth potential of artificial intelligence (AI). TSL denied rumors of a CEO change, and its stock price also rose. On the other hand, the Crypto Assets market also saw a wave of gains, with SUI coin surging over 50% in the past 30 days, becoming the new market focus.
Tech giants report impressive earnings, US stocks rebound sharply
On Thursday trading day, the three major U.S. stock indices closed in the green. The S&P 500 index rose by more than 1%, the Nasdaq Composite index surged by over 2%, and the Dow Jones Industrial Average rose by 366 points, an increase of about 1%. This wave of gains was mainly driven by Meta and Microsoft, both of which reported better-than-expected results in their first-quarter earnings.
Meta CEO Mark Zuckerberg pointed out in the earnings call that the company "performed very well" and emphasized that it is ready to respond to the current macroeconomic challenges. Microsoft, on the other hand, showed outstanding performance in its Azure cloud business, overall revenue, and profits, releasing an optimistic outlook that sparked market buying interest. Microsoft's stock price surged 9% in a single day, while Meta rose 6%, and AI concept stocks like Nvidia also increased by 4%.
Investors put aside AI concerns: "Just entering the outbreak period"
Although the market remains cautious about the economic outlook, the medium- to long-term development prospects of AI continue to be optimistic. Jed Ellerbroek, portfolio manager at Argent Capital Management, stated: "Even under the influence of Trump's trade policies, the AI sector still has relative resilience, and we are currently at the early stages of a very steep growth curve." This confidence has also led to a rebound in the overall technology sector, injecting vitality into the market that has been sluggish due to weak data.
Employment data adds shadows, economic concerns unresolved.
Despite the surge in the stock market, the number of initial unemployment claims in the United States released on Thursday reached 241,000, higher than the expected 225,000, pouring a bucket of cold water on the market. This data echoes the GDP contraction of 0.3% reported earlier this week, exacerbating investors' concerns about an economic slowdown.
The non-farm payroll report to be released on Friday will become the focus of the market and may influence short-term market sentiment.
At the end of April, the market rebounded to save the situation, and the monthly line of the index turned red.
Wednesday was the last trading day of April. Despite a sharp decline in the early session due to poor GDP data, the S&P 500 and Dow Jones Industrial Average both fell more than 2% and 780 points at one point, but strong buying in the afternoon led to a recovery, ending in the green. Nevertheless, the overall performance in April was still lackluster, with the S&P 500 and Dow Jones down 0.8% and 3.2% respectively, while only the Nasdaq managed to rise by 0.9%.
This wave of movement reflects that under the dual pressure of politics and economics, some funds still choose to flow back into technology and growth assets.
TSL clarifies CEO change rumors, stock price rebounds simultaneously
TSL's stock price rose more than 2% on Thursday, primarily because the company denied a report from The Wall Street Journal that claimed the board was seeking candidates to replace Musk. TSL board chair Robyn Denholm immediately clarified on social media platform X: "Media reports that TSL has initiated a CEO search process are completely false."
This clarification eased the market's concerns about management instability and temporarily stabilized TSL's stock price.
Crypto Assets齐扬，SUI暴涨成焦点
Alongside the rise of tech stocks, the overall Crypto Assets market is also heating up. Bitcoin (BTC) is currently reported at $96,946.27, having risen 3.15% in the past 24 hours, with a cumulative increase of 15.02% over the past 30 days. Ethereum (ETH) has rebounded to $1,849.07, with a daily increase of 4.76%, but still showing a slight decline of 2.06% on a monthly basis.
The biggest highlight is the emerging project Sui (SUI), which is currently priced at $3.74, rising 10.03% in a single day, and with weekly and monthly increases reaching 15.84% and 52.71% respectively, making it a recent star in the crypto assets market.
Other mainstream coins like Solana (SOL) rose by 7.53%, XRP increased by 3.72%, and Dogecoin (DOGE) also saw a growth of 6.73%. This wave of increase shows that even in the face of macro uncertainties, market funds are still actively flowing into blockchain and AI application projects with high growth potential.
This article reports that earnings reports from tech stocks have boosted US stocks higher, with SUI soaring over 50% to become a new star in the Crypto Assets market, first appearing in Chain News ABMedia.