U.S. stock market: The three major U.S. stock indexes were mixed. At the close, the Dow Jones Industrial Average rose 22.07 points, or 0.06%, to close at 37,775.38, the S&P 500 fell 11.09 points, or 0.22%, to close at 5,011.12, and the Nasdaq Composite fell 81.87 points, or 0.52%, to close at 15,601.5. Both the S&P 500 and the Nasdaq fell for five consecutive sessions.
Most of the popular technology stocks fell, Tesla fell more than 3%, hitting a new closing low since January 2023, Microsoft and Amazon fell more than 1%, Netflix fell slightly by 0.51%, and Netflix's net increase in streaming paying subscribers in the first fiscal quarter was higher than expected. Meta rose more than 1% as Meta launched its most powerful open-source artificial intelligence (AI) model, Llama 3, to catch up with industry leader OpenAI. Chip stocks fell the most, TSMC fell more than 4%, NXP Semiconductors fell more than 3%, ASML and ON Semiconductor fell more than 2%, and Intel fell more than 1%. Social media and airlines rose, Snap rose more than 6%, United Airlines rose more than 5%, and JetBlue Airways rose more than 4%.
Popular Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index rose 0.99%. Weibo rose more than 3%, Tencent Music, NetEase, and Weilai rose more than 2%, Li Auto, Full Bang, Baidu, and JD.com rose more than 1%, and Futu Holdings, iQiyi, Bilibili, Pinduoduo, and Alibaba rose slightly. Xpeng Motors fell more than 3%, and Vipshop fell more than 1%.
European stock market: The three major European stock indexes rose across the board on the day. The average price index of the Financial Times 100 stocks in the London stock market closed at 7877.05 points on the 18th, up 29.06 points, or 0.37%, from the previous trading day. The CAC 40 index of the Paris stock market closed at 8023.26 points, up 41.75 points, or 0.52%, from the previous trading day, and the DAX index of the German Frankfurt stock market closed at 17837.40 points, up 67.38 points, or 0.38%, from the previous trading day.
Commodity market: Oil prices in New York rose slightly on the 18th. By the end of the day, light crude futures for May delivery on the New York Mercantile Exchange rose 4 cents, or 0.05 percent, to settle at $82.73 a barrel, while London Brent futures for June delivery fell 18 cents, or 0.21 percent, to settle at $87.11 a barrel. International gold prices rose, with the settlement price of the June COMEX gold futures contract up $9.6, or 0.40%, at $2,398 an ounce.
The following is a summary of key information about the global market:
Overnight news
Fed's Williams: The urgency to cut interest rates has not yet been felt If the data supports it, it may even raise interest rates
On Thursday (April 18), local time, New York Fed President John Williams said that the Fed is not in a hurry to lower central bank interest rates, and economic data will determine the timing of action.
Berkshire raised 263.3 billion yen in bonds or increased investment in Japanese stocks
On Thursday (April 18), local time, Berkshire Hathaway, owned by Warren Buffett, decided on the issuance of yen bonds, raising a total of 263.3 billion yen (about $1.71 billion).
Meta released the most powerful open-source large model, Llama 3, a multimodal version that will be launched later
On Thursday local time, the American tech giant Meta launched its most powerful open-source artificial intelligence (AI) model, Llama 3, to catch up with industry leader OpenAI. Meta shares rose more than 2% during the U.S. stock market session and nearly 43% year-to-date.
The UK plans to introduce the world's strictest tobacco ban, and those born after 2009 will not be able to buy cigarettes for life
This week, the Sunak government's anti-smoking plan for the younger generation made important progress, with the tobacco and e-cigarette bill passing the second reading of the House of Commons with strong support from opposition parties. According to the British government's expectations, when the bill is finally implemented, Britons born after January 1, 2009 will become a "smoke-free generation".
Morgan Stanley: The dollar will continue to maintain its status as an international reserve currency
Analysts at Morgan Stanley's research arm said in a note Thursday that the dollar's status as a major reserve currency is expected to persist despite the challenges posed by an increasingly multipolar world.
Bundesbank: The German economy may grow in the first quarter, but there is still no sign of a substantial recovery
On Thursday (April 18), local time, the German central bank said in its monthly report that thanks to the recovery of manufacturing at the beginning of this year, export growth and unexpected boost in the construction industry, the German economy may grow in the first quarter, which means that Europe's largest economy will avoid a winter recession. However, the central bank also noted that the German economy still shows no signs of a real recovery.
Joined hands with Tesla to form an eVtol company?
Wanfeng Aowei, whose stock price was detonated by the "low-altitude economy", threw an "ambiguous" response to the market. On the evening of April 18, Wanfeng Aowei, whose stock price has more than tripled, did not deny it when asked on the interactive platform "how is the progress of the company that has established an eVtol (electric vertical take-off and landing aircraft) with Tesla", saying that "a project team has been jointly established with the partner", and at the same time reminded the identity of the "partner".
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