The S&P and Nasdaq hit record highs, Tesla plummeted by 7%, chip stocks outperformed the market again, AMD reached a new high, and Bitcoin continued its rally, surging above $67,000.

The three major US stock indexes stopped rising for two consecutive days; among the tech giants, only NVIDIA did not fall during the day, with Tesla dropping nearly 8% at one point, marking the largest decline in over a month since the earnings report was released. Apple, which was heavily fined by the EU, once fell over 3%; NVIDIA closed up 3.6%, surpassing Saudi Aramco to become the world's third-largest company by market value. AMD rose over 1%, while TSMC's US stock rose over 3%, hitting a historical high. AI "unicorn" SMCI, which will be included in the S&P, surged nearly 19%. Regional bank NYCB plummeted over 20% after a meltdown last Friday. Chinese concept stocks fell, closing down 4%, with Li Auto dropping nearly 14%, and XPeng and NIO-SW falling by at least 8%. The German stock market bid farewell to its eight-day streak of historical highs, with ASML rising over 2% and Novo Nordisk rising over 3%, both hitting historical highs. US bond yields rebounded from a two-week low. The US dollar index continued to fall from a high point over a week. Bitcoin surged over $5,000 during the day, breaking through $67,000 to reach a new high in over two years. Offshore RMB briefly recovered 7.21 and rebounded slightly. Crude oil fell over 1%, dropping from a four-month high. Gold futures rose above $2,100, setting consecutive historical highs. London nickel rose over 1%, rebounding to a near four-month high, while London copper rose for the third consecutive day.