---
title: "At the beginning of the U.S. stock market, the Nasdaq rose by 1.1%, and cryptocurrency concept stocks saw a broad increase"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239368596.md"
description: "At the beginning of the U.S. stock market, the Nasdaq rose by 1.1%, the Dow Jones increased by 0.6%, and the S&P 500 index climbed by 0.7%. Cryptocurrency concept stocks generally rose, with Coinbase up about 5%. Tapestry rose about 7%, with third-quarter net sales exceeding expectations and raising full-year revenue and adjusted earnings per share estimates. AppLovin increased by about 13%, with first-quarter performance exceeding expectations, deciding to sell its gaming division. ARM fell by about 5%, with performance guidance falling short of expectations, and Shopify dropped by about 3%. Most Chinese concept stocks rose, with Li Auto up about 4%"
datetime: "2025-05-08T13:31:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239368596.md)
  - [en](https://longbridge.com/en/news/239368596.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239368596.md)
generator: "portal-rs"
---

# At the beginning of the U.S. stock market, the Nasdaq rose by 1.1%, and cryptocurrency concept stocks saw a broad increase

The Dow Jones Industrial Average rose by 0.6%, and the S&P 500 index increased by 0.7%. Cryptocurrency concept stocks generally rose, with Coinbase up about 5%. Tapestry rose about 7%, as the company's net sales in the third fiscal quarter exceeded expectations, and it raised its revenue and adjusted earnings per share forecasts for the full year. AppLovin surged about 13%, as the company's first-quarter performance exceeded expectations and it agreed to sell its gaming division. ARM fell about 5%, as the company's performance guidance was below expectations. Shopify declined about 3%, as the company's first-quarter revenue fell short of expectations. Most Chinese concept stocks rose, with Li Auto up about 4%

### Related Stocks

- [TPR.US](https://longbridge.com/en/quote/TPR.US.md)
- [02015.HK](https://longbridge.com/en/quote/02015.HK.md)
- [APP.US](https://longbridge.com/en/quote/APP.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [SHOP.US](https://longbridge.com/en/quote/SHOP.US.md)

## Related News & Research

- [Tapestry (TPR) Is Back In The Spotlight, What Is Driving Attention?](https://longbridge.com/en/news/298164972.md)
- [Groupe la Francaise Acquires 15,360 Shares of Tapestry, Inc. $TPR](https://longbridge.com/en/news/298186668.md)
- [Breaking Update: Denise Kulikowsky Engages In Options Exercise At Tapestry Realizing $0](https://longbridge.com/en/news/298054065.md)
- [Scott Roe Decides To Exercise Options At Tapestry Worth $0](https://longbridge.com/en/news/298054072.md)
- [Joanne Crevoiserat Decides To Exercise Options At Tapestry Worth $0](https://longbridge.com/en/news/298054045.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**