
Tech stocks dragged down the market, with the Nasdaq falling more than 2% at one point. NVIDIA narrowly hit a new high, NIO-SW saw a big turnaround during trading, and Bitcoin plummeted nearly $10,000 after reaching a historic high.

The three major US stock indexes all closed down by at least 1%, with the Nasdaq hitting a two-week low and the Dow hitting a two-week low. Tesla fell by nearly 4%, continuing to lead the decline among the "Big Seven" tech stocks, with Apple dropping by nearly 3% for the fifth consecutive decline. Nvidia initially fell by over 2% before rebounding, while AMD erased most of its 3% intraday decline. TSMC's US stock fell by over 2%, all falling from historical highs. AI concept stock SoundHound fell by over 10%, while Super Micro (SMCI) fell by over 9% before rebounding. Regional bank NYCB rose by nearly 19%, its first rise since last Friday's plunge, and Target rose by 12% after its earnings report. Chinese concept stocks fell by 1.5%, marking a second consecutive decline, with Nio initially falling by 10% before closing up nearly 3%. In Europe, ASML fell by 1.5% and Novo Nordisk fell by 2.5%, both dropping from record highs. After the US ISM index was released, the yield on the 10-year US Treasury bond hit a more than three-week low, dropping by over 10 basis points at one point. The US dollar index quickly turned lower and hit a more than one-week low, while the offshore RMB briefly rose and regained the 7.21 level. Bitcoin rose above $69,000 to hit a new all-time high intraday, before briefly falling by over $9,000, a drop of over 10%. US oil fell for two consecutive days to a one-week low, while Brent crude fell from a nearly four-month high for two days, with a short-term rebound after the US ISM release. Gold futures hit a new all-time high for the third consecutive day, rising by over 1% intraday. London copper halted its three-day rise, while London nickel fell by 1%, bidding farewell to its near four-month high.
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