2025.5.12 US Stock Overview

1. VIXY closed down 12.98%, at 51.1.

2. High-level Sino-US economic and trade talks reached a consensus, significantly reducing bilateral tariff levels. The three major US stock indices recorded their largest daily gains in a month.

The S&P 500 index closed up 3.26%. The S&P's year-to-date decline has narrowed to only 0.6%. The Dow Jones Industrial Average closed up 2.81%. The Nasdaq closed up 4.35%.

3. Amazon closed up 8.12%, Meta Platforms up 7.92%, Apple up 6.31%, Nvidia up 5.44%, Google A up 3.73%, Microsoft up 2.38%.

4. The Nasdaq Golden Dragon China Index closed up 5.40%. Popular Chinese concept stocks such as Pony.ai initially closed up 11.8%, Fangdd and Xpeng up over 8%, Bilibili up over 7%, JD.com, Li Auto, and Pinduoduo up over 6%, Alibaba, NIO, and Baidu up over 5%, Tencent, New Oriental, and Yum China up over 4%.

5. Coinbase will be included in the S&P 500 index, with its stock price rising over 8% in after-hours trading.