2025.5.1 US Stock Overview

1. VIXY closed down 1.49%, at 62.2.

2. The three major US stock indices all closed higher, with the S&P up 0.63%, the Dow up 0.21%, both reaching their highest levels since April 2 for six consecutive trading days and three days respectively, while the Nasdaq rose 1.52%.

3. Microsoft rose 7.6%, Meta rose 4.2%; Amazon rose 3.1%; media reports that before Trump heads to the Middle East, the US is considering easing chip export restrictions to the UAE, with Nvidia at one point rising over 5%, closing up 2.5%; Alphabet rose 1.2%; Apple, which had fallen 1.7% in early trading, closed up 0.4%; Tesla reversed to decline at the end of trading, closing down 0.6%.

4. Chinese concept stocks rebounded after two consecutive declines. The Nasdaq Golden Dragon China Index (HXC) closed up 0.2%. Alibaba rose 0.9%, JD.com rose 0.7%, Li Auto rose nearly 0.7%, Xpeng Motors and Pinduoduo rose nearly 0.4%, Baidu rose 0.1%, while NIO fell nearly 3%, and Pony.ai fell 5.8%.