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2026.5.7 U.S. Stock Market Briefing
The prospects of U.S.-Iran peace talks once again shroud uncertainty, with U.S. stocks rising sharply then closing lower across the board, and crude oil prices fluctuating sharply during the session.
1. VIXY fell 0.89%, closing at 26.85.
2. The three major U.S. stock indices closed lower. The S&P 500 index dropped 28.01 points, a 0.38% decline, to 7,337.11 points. The Dow Jones Industrial Average fell 313.62 points, a 0.63% decrease, to 49,596.97 points. The Nasdaq declined 32.747 points, a 0.13% drop, to 25,806.196 points.
3. Tesla rose 3.28%, Nvidia increased 1.76%, Microsoft gained 1.68%, Meta rose 0.64%, Google A fell 0.01%, Apple declined 0.03%, Amazon dropped 1.39%.
4. The Nasdaq Golden Dragon China Index declined 1.40%, closing at 7,027.77 points. Among popular Chinese concept stocks, Xiaopeng Motors fell 6.1%, Xiaopeng dropped 2.1%, Pinduoduo declined 0.8%, BYD (ADR) rose 1.9%.
5. Bitcoin continued to decline, briefly falling below $80,000, down over 2%. Ethereum also dropped below $2,300.