Tencent Technology News, on July 4, US stocks opened higher on Tuesday and finally closed down. Technology stocks dragged the Nasdaq down 0.86%. US stocks closed three hours ahead of schedule, and Wednesday will be closed for a day off on the US Independence Day holiday. Among Chinese concept stocks, research and control technology rose 9.15%, and temple bank rose 4.73%. On the other hand, 58 cities fell 4.29%, and tiger teeth fell 2.96%. US technology stocks fell mostly, with Tesla falling 7.23% and Micron fell 5.51%. On the other hand, Roku rose 5.20% against the market.
The Dow Jones Industrial Average fell 132.36 points to close at 24,174.82 points, a drop of 0.54%. The S&P 500 index fell 13.49 points to close at 2713.22 points, a decrease of 0.49%. The Nasdaq Composite Index fell 65.01 points to close at 7502.67 points, a decrease of 0.86%.
The so-called “FAANG” of the five major technology giants fell, including Facebook fell 2.35%, Alphabet fell 2.26%, Netflix fell 1.92%, Apple fell 1.74%, Amazon fell 1.16%.
[Chinese concept stocks]
China's concept stocks were mixed, with companies with larger gains including: Research and Control Technology (up 9.15%), Temple Bank (up 4.73%), Youxin (up 4.29%), 500 lottery network (up 3.87%),哔哩哔哩 (up 3.29%), Xinfu (up 3.24%), Zhengbao distance education (up 3.16%), good future (up 2.42%), car home (up 2.37%), red, yellow and blue (up 2.16%), Ruisi Education (up 1.97%), Cheetah Mobile (up 1.72%), AirMedia (up 1.45%), worry-free English (up 1.39%), SouFun (up 1.36%) and China Net (up 1.20%).
On the other hand, the companies with larger declines included: 58 in the same city (down 4.29%), Huya (down 2.96%), pat on loan (down 2.90%), Park Xin Education (down 2.86%), Changyou (down 2.66%) ), Green Hotel (down 2.51%), Suntech (down 2.47%), interesting stores (down 2.33%), Shengshi Leju (down 2.28%), Noun Finance (down 2.06%), Huami Technology (down 2.05) %), Lancome (down 1.83%), and credit (down 1.62%), Momo (down 1.45%), Sogou (down 1.27%), pleasant loans (down 1.21%), Weibo (down 1.17%), Ctrip.com (down 1.09%), elite education (down 1.07%), Jingdong (down 1.06%) and the gathering age (down 1.05%).
On the morning of July 3, Beijing time, Surabaya released the second part of the short-term K12 Education Company Good Future (NYSE: TAL) report after a lapse of 20 days. This report believes that in the future, in the acquisition of Libu English in 2016, it will falsely report 90% or even 175% of deferred income, thus exaggerating the 2017 fiscal year profit. The good future responded to the second short report on Surabaya on Tuesday, saying the report was still based on false conjectures and assumptions.
After investing in Haro Bike, Gorilla Convenience, and Obi Zhongguang, Ant Financial began to invest again. It is reported that Ant Financial has recently invested nearly 100 million US dollars to invest in a social investment website snowball, the transaction will be completed in the near future. Chen Yizhou's Renren Company (NYSE:RENN) has significantly reduced its holdings in this transaction, but still retains a small amount of snowball equity. According to people familiar with the matter, the valuation of snowballs in this round of financing is about 400-500 million US dollars. This is the news that Snowball has once again raised financing since 2014.
In the BrandZ retail report jointly released by market research group Kantar and WPP, a world-renowned communications services group, the monetary value of global retail brands increased by about 35% last year. In terms of percentage growth, e-commerce giants are the fastest growing — Chinese retailers Jingdong (NASDAQ: JD) and Alibaba (NYSE: BABA) ranked first and second among the top 20 fastest growing brands, Amazon Ranked thirteenth. Many of the fastest-growing brands have risen rapidly due to ongoing technology expansion and close attention to customer preferences. Jingdong won the title of “The fastest growing brand” with a growth rate of 94% last year, and its value increased from US$10.7 billion in 2017 to US$20.4 billion in 2018.
Baidu (NASDAQ:BIDU) AI Developer Conference “Baidu Create 2018” will be held at the Beijing National Convention Center from July 4th to 5th. Thousands of developers and partners from around the world will gather to discuss the most cutting-edge technology, industry and commercialization of AI. On-site Baidu will also release AI's cutting-edge technology products. China attaches great importance to the development of artificial intelligence. In July 2017, the “New Generation Artificial Intelligence Development Plan” was released, and the follow-up countries will continue to increase investment in AI field “finance, talent, technology”, and the artificial intelligence policy dividend is expected to continue to be released. .
[US Technology Stocks]
US technology stocks fell mostly, with companies with larger declines including: Tesla (down 7.23%), Micron Technology (down 5.51%), Eastman Kodak (down 3.90%), Line (down 2.82%), Dropbox ( Down 2.44%), Twitter (down 2.42%), Facebook (down 2.35%), Alphabet (down 2.26%), Nvidia (down 2.23%), Square (down 2.20%), Applied Materials (down 1.93%), Netflix (down 1.92%), Apple (down 1.74%), Qualcomm (down 1.51%), Western Digital (down 1.50%), Intel (down 1.45%), Spotify (down 1.19%), HP (down 1.18%), Amazon (down 1.16%), Broadcom (down 1.14%), AMD (down 1.06%) and VMware (down 1.02%).
On the other hand, companies with larger gains include: Roku (up 5.20%).
Tesla's share price fell more than 7% on Tuesday, as JP Morgan Chase analyst Ryan · Ryan Brinkman reiterated the "underweight" rating for Tesla shares and $180 target Price, this target price represents 44% of the downside compared to Tesla's current share price. He said that Tesla's ability to achieve the production target of the Model 3 model is likely to be due to the company's business practice in the past, “explosive production”, which is not possible. continuous. In particular, Tesla shipped only 40,740 units in the second quarter, far less than the 48,874 units expected by Wall Street analysts.
Facebook warned about 800,000 users that a new vulnerability caused some users to temporarily disable the blocking function, and the blocked target could see what the user did not want to be seen by the other party. Facebook disclosed the vulnerability in an official blog and said that blocked users can see the content that should be blocked and the user's profile again, both of which are blocked by users. content. It is reported that the vulnerability not only affects the Facebook platform, but also includes Facebook's messaging application Messenger.
According to foreign media reports, Amazon announced on Tuesday that the company's annual shopping activity "Gold Member Day" (Prime Day) will be officially launched at 15 o'clock on July 16th at EST (3 am Beijing time on July 17). Continues until the end of July 17. Amazon's "Gold Member Day" this year will last for 36 hours, longer than last year's 30 hours. In this year's "Gold Member Day", Amazon will provide more than 1 million exclusive deals to Global Gold members, and the event will also include selected deals at the Whole Foods Supermarket.
According to foreign media, people familiar with the matter disclosed that Google’s postponement of joining an ad technology company alliance has affected the process of members of the alliance to comply with the EU’s new privacy regulations. The EU's new data privacy regulations, the General Data Protection Regulations (abbreviated as “GDPR”), came into effect on May 25 this year, with the aim of giving EU residents more control over personal data. One month before the GDPR came into effect, hundreds of advertising technology companies jointly launched a software that can verify whether consumers have agreed to comply with the GDPR regulations before the accurate advertising. But on May 22, Google announced that it would postpone joining the alliance until August of this year.