U.S. stock market midday update: Trump Media & Tech Group down 4.74%

U.S. Stock Market Midday Update Trump Media & Technology Group, down 4.74%, with increased trading volume. Based on recent key news: On July 28, Trump Media & Technology Group announced a $300 million investment in a Bitcoin-related securities-linked options strategy, raising market concerns about its risks, leading to a decline in stock price. On July 29, Trump Media & Technology Group expanded its Bitcoin holdings to $2 billion, accounting for two-thirds of its current assets, causing investor unease over its excessive reliance on Bitcoin, further pressuring the stock price. On July 28, Trump reiterated his desire for the Federal Reserve to cut interest rates, increasing market uncertainty regarding his economic policies, which affected investor confidence. Top Stocks by Industry Trading Volume Meta, down 1.39%, with increased trading volume. Based on recent important news: On July 29, EssilorLuxottica's smart glasses sales in collaboration with Meta doubled year-on-year, driving company performance growth; however, Meta's stock price failed to benefit, reflecting market concerns over its short-term profitability. On July 28, Meta announced a restructuring of its AI department due to the Llama 4 model not meeting expectations, highlighting its challenges in the AI field, leading to stock price pressure. On July 27, analysts raised Meta's target price to $800 but warned that high investor expectations could limit short-term stock price increases. Google-A, up 1.39%, with increased trading volume. Based on recent important news: On July 29, E.SUN Commercial Bank announced a partnership with Google Cloud to launch AI financial advisory services, enhancing customer experience and driving a 1.39% increase in stock price. On July 28, Google won a privacy lawsuit requiring a $12,500 payout, which did not significantly impact the stock price. On July 29, Goldman Sachs raised Google's target price to $234 due to accelerated AI investments driving long-term growth. Google-C, up 1.38%, with increased trading volume. Based on recent important news: On July 29, E.SUN Commercial Bank announced a partnership with Google Cloud to launch AI financial advisory services, enhancing customer experience and efficiency, driving a 1.38% increase in stock price. On July 28, Google was ordered to pay damages due to a privacy lawsuit, which, despite affecting its reputation, did not significantly impact the stock price. On July 29, Goldman Sachs raised Alphabet's target price to $234, emphasizing that AI investments drive long-term growth, boosting market confidence. Top Stocks by Industry Market Capitalization Baidu, down 2.85%, with a market capitalization of $29.9 billion and increased trading volume. Based on recent key news: On July 28, Baidu announced at the 2025 World Artificial Intelligence Conference that its "Carrot Run," PaddlePaddle deep learning platform, and Baidu Intelligent Computing Cluster were selected for the China AI Industry Innovation Achievements Exhibition, generating market expectations for its future development, but the stock price failed to reflect this On July 29th, Baidu's official account announced that the North China region was hit by extreme weather, and the Baidu Foundation activated its emergency response mechanism, providing a special fund of 10 million for post-disaster reconstruction. The market reaction was poor. On July 29th, the number of users on the Baidu Wenku platform significantly increased, with monthly visits exceeding 34 million. Nevertheless, the stock price still fell