U.S. stocks surged and then fell back, with the Dow breaking below the 40,000 mark and turning lower. GameStop plummeted by double digits for two consecutive days, while Alibaba surged 7% against the market trend. Strong performers JD.com and Baidu fluctuated before closing higher

The three major US stock indexes hit intraday historical highs before closing lower; Meta fell by 1.7%, chip stocks and Nvidia halted their four-day rally; retail investors' favorite stock GameStop fell by 30%; Walmart closed up 7% after its financial report; Buffett's increased holding Chubb, a mysterious position, rose by nearly 5%. Chinese concept stocks index rose by 2.5%, hitting an eight-month high, with JD.com up by 1.9% after its financial report, Baidu falling by over 5% at the opening, and iQIYI falling by 10% at the opening, closing up by 1.7% and 12% respectively. The pan-European stock index ended a nine-day rally, with German, French, and British stocks falling from record highs, Siemens down by 6.8% after its financial report, and Ubisoft down by 13.5%. After the release of unemployment and other economic data, the yield on the 10-year US Treasury bond hit a near six-week low during trading, while the US dollar index, which hit a five-week low, accelerated its rebound. Offshore renminbi fell by over 200 points during trading, breaking below 7.22. Bitcoin rose above $66,000 during trading before falling by over $2,000. Crude oil rose for two consecutive days, with US oil hitting a one-week high. Gold fell during trading, bidding farewell to a high of over three weeks. London copper rose by 2%, hitting a two-year high, while New York copper rose by nearly 2% before turning lower, falling from a two-year high