Chip stocks rebounded for a day, while the S&P and Nasdaq fell back. Tesla dropped more than 4%. Chinese concept stocks outperformed the market, and Bitcoin surged past $73,000, hitting a new all-time high.

Dow Jones Industrial Average rose for the third consecutive day. The energy sector surged by over 1%. Tesla, downgraded and slashed in target price by Fuguo Bank, hit a near ten-month low; chip stocks fell by over 2%, with NVIDIA dropping by over 1% after a nearly 4% intraday drop, AMD down by nearly 4%, and Intel falling by over 4%. Chinese concept stocks rose by 1%, leading the market for four consecutive days, hitting a more than three-month high. BeiGene surged by nearly 8%, Pinduoduo by over 3%, while NIO-SW dropped by over 4%, XPENG-W and Li Auto both down by at least 3%. European and French-Italian stock indices hit new all-time highs again, while the German stock market temporarily bid farewell to its historical high, with Volkswagen falling by nearly 6%. The U.S. bond yields rose for the third consecutive day, with the two-year yield hitting a two-week high. The U.S. dollar index retreated, falling to a more than one-month low. Offshore renminbi fell by over a hundred points to below 7.20. Bitcoin surged by $3,000 intraday, breaking through $73,000, hitting a new all-time high for the fourth time in six days. Crude oil rebounded, marking the largest monthly gain in a month, with Brent crude rising by over 2% to a four-month high, and U.S. oil ending a four-day decline, rising by 3% at one point. Gold rebounded, with spot gold approaching a record high at the close. London copper rose by over 3%, hitting an 11-month high, while London tin rose by nearly 2% to a seven-month high.