Before the heavyweight PCE inflation, the Dow fell for the third consecutive day, AI concept cooled down, BIDU-SW dropped by 8% after the earnings report, and Bitcoin rose above $60,000.

The Dow and Nasdaq hit a new weekly low; the tech giants "Big Seven Sisters" all fell together during the trading day, with Google dropping nearly 2%, while Tesla rose over 1%; chip stocks fell over 1%, underperforming the market, with Nvidia dropping over 1%; AI concept stocks retreated, with SoundHound, which surged nearly 20% on Tuesday, briefly exceeding 10%, but C3.ai soared after its earnings report, rising over 10% after hours; Bitcoin-related stocks surged, with MicroStrategy rising over 10% and Canaan up nearly 6%. Chinese concept stocks fell over 1%, ending a five-day winning streak, with XPeng down nearly 7%, Nio and JD.com down over 5%, Li Auto down over 1%, marking its first decline since announcing earnings. The German stock market hit a historic high for the fifth consecutive day, with ASML falling over 1%, ending its record high streak. After the U.S. GDP data, U.S. bond yields fell, hitting a daily low. The U.S. dollar index rebounded to a one-week high after the GDP data, erasing most of its gains. Offshore Chinese yuan fell for the fifth consecutive day, breaching 7.22 to hit a new low in over a week. Bitcoin surged over $7,000 during trading, approaching $64,000, breaking $60,000 for the first time in over two years. U.S. oil prices turned lower during trading, falling from a more than one-week high, with Brent crude contracts barely closing higher, hitting a three-month high. Gold turned higher after the GDP data, but ultimately closed lower. London copper fell to a more than one-week low, while London nickel rose for the second consecutive day to a three-month high. Updates in progress.