---
title: "U.S. stock market update: Locafy down 8.24%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250841603.md"
description: "Locafy fell 8.24%; Palantir Tech rose 1.31%, with a transaction volume of USD 3.988 billion; Strategy rose 1.90%, with a transaction volume of USD 1.583 billion; Circle rose 3.57%, with a transaction volume of USD 1.227 billion; SAP rose 1.29%, with a market value of USD 339.2 billion"
datetime: "2025-07-30T18:08:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250841603.md)
  - [en](https://longbridge.com/en/news/250841603.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250841603.md)
generator: "portal-rs"
---

# U.S. stock market update: Locafy down 8.24%

**U.S. Stock Market Midday Update**

Locafy fell 8.24%, with increased trading volume. Based on recent important news:

1.  On July 23, Locafy experienced high volatility, with stock price fluctuations ranging from 23% to 45% in the short term, raising market concerns about its high short interest, leading to an 8.24% drop in stock price.

2.  On July 22, Opendoor was temporarily halted during trading, with its gains expanding to 14.64%, shifting market attention away from high-volatility stocks, affecting Locafy’s stock price.

3.  On July 21, Dongfang Caifu's trading volume reached 10 billion yuan, with a stock price decline of 0.77%, contributing to overall market pessimism, impacting Locafy’s stock price.

**Stocks with High Trading Volume in the Industry**

Palantir rose 1.31%, with a trading volume of 3.988 billion. Based on recent important news:

1.  On July 29, Jim Cramer predicted that Palantir's stock price could reach $200, boosting market optimism and leading to a 1.31% increase in stock price.

2.  On July 29, Palantir's stock price fell due to the U.S. government's assessment of Microsoft's AI model but rebounded afterward.

3.  On July 30, Palantir's stock price is expected to double by 2025, with high market expectations for the upcoming earnings report.

Strategy rose 1.90%, with increased trading volume. Based on recent important news:

1.  On July 30, Strategy completed a $252 million IPO and acquired 21,021 bitcoins, resulting in a 1.90% increase in stock price.

2.  On July 30, Strategy announced that its bitcoin holdings increased to 628,791, with unrealized profits reaching $28.18 billion, receiving a positive market reaction.

3.  On July 30, Strategy raised funds through a preferred stock issuance, becoming the largest IPO in the U.S. in 2025, further solidifying its bitcoin strategy.

Circle rose 3.57%, with a trading volume of $1.227 billion. Based on recent key news:

1.  On July 30, the Hong Kong Monetary Authority promoted real-name regulation for stablecoins, and the U.S. SEC approved a physical redemption mechanism, benefiting Circle and leading to a stock price increase.

2.  On July 28, Circle partnered with FIS to promote the use of USDC in U.S. financial institutions, boosting market confidence and increasing stock price.

3.  On July 28, Compass Point downgraded Circle's rating to sell, but Citigroup is optimistic about its 30% upside potential, resulting in a positive market reaction.

**Stocks with High Market Capitalization in the Industry**

SAP rose 1.29%, with a market capitalization of $339.2 billion and increased trading volume. Based on recent key news:

1.  On July 29th, SAP announced the repurchase of 389,780 shares at an average price of $249.76, boosting market confidence and driving the stock price up.

2.  On July 29th, reports indicated that SAP performed outstandingly in the European stock market, with a market capitalization reaching $350 billion, further driving the stock price up.

3.  On July 28th, enterprise software stocks showed mixed performance, but SAP's stock price fell by 1.8% before rebounding

### Related Stocks

- [LCFY.US](https://longbridge.com/en/quote/LCFY.US.md)

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