U.S. stock market early trading: Nasdaq up 4%, China concept index up 4.4%, tech stocks surge, Amazon up about 9%

Wallstreetcn
2025.05.12 13:31

The Dow Jones Industrial Average rose by 2.6%, and the S&P 500 index increased by 3%. Chinese concept stocks surged, with XPeng rising by about 8%. Technology stocks saw significant gains, with Tesla up by about 7% and Apple up by about 6%. Gold stocks plummeted, with Harmony Gold down by about 8%. Weight loss drug concept stocks fell, with Eli Lilly down by about 1% and Novo Nordisk down by about 2%. U.S. White House officials stated that the Office of the U.S. Trade Representative will take action on drug prices, with weight loss drugs becoming a focus of the drug pricing initiative