---
title: "U.S. stock market update: Locafy down 7.05%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251045886.md"
description: "Locafy fell 7.05%; Palantir Tech's trading volume reached USD 4.269 billion; AppLovin rose 7.61%, with a trading volume of USD 2.029 billion; Strategy rose 3.25%, with a trading volume of USD 2.023 billion; SAP fell 1.12%, with a market capitalization of USD 334.5 billion"
datetime: "2025-07-31T17:17:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251045886.md)
  - [en](https://longbridge.com/en/news/251045886.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251045886.md)
generator: "portal-rs"
---

# U.S. stock market update: Locafy down 7.05%

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

Locafy, down 7.05%, with increased trading volume. Based on recent key news:

1.  On July 24, a portion of restricted shares of Junxin Co., Ltd. was unlocked, causing the stock price to drop nearly 6%.

2.  On July 22, Opendoor experienced a temporary halt in trading, previously dropping about 9.6%.

3.  On July 21, Dongfang Caifu's trading volume reached 10 billion yuan, currently down 0.77%.

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

Palantir Tech, trading volume of $4.269 billion, a 60-day high. Based on recent key news:

1.  On July 29, Palantir's stock price fell following news that the U.S. Department of Defense was testing Microsoft's artificial intelligence.

2.  On July 30, Palantir's stock price rose 1.01% at closing, reaching $156.28.

3.  On July 31, Palantir's technological solutions were widely adopted in global supply chains, driving the stock price up.

AppLovin rose 7.61%, with increased trading volume. Based on recent important news:

1.  On July 31, Barron's reported that AppLovin might be included in the S&P 500 index, driving the stock price up 7.61%.

2.  On July 30, Axon 2 could become an AI advertising engine, boosting AppLovin's stock price.

3.  On July 29, UBS recommended increasing holdings in AppLovin due to its scarce AI attributes.

Strategy rose 3.25%, with a trading volume of $2.023 billion. Based on recent important news:

1.  On July 30, Strategy completed a $2.52 billion IPO and increased its holdings by 21,021 bitcoins, with the stock price rising 3.25%.

2.  On July 30, Strategy announced that its total bitcoin holdings reached 628,791 coins, with a positive market reaction.

3.  On July 29, TD Cowen maintained a "Buy" rating with a target price of $680, boosting investor confidence.

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

SAP fell 1.12%, with increased trading volume. Based on recent key news:

1.  On July 29, SAP announced a buyback of 389,780 shares at an average price of $249.76. Although buybacks are generally seen as positive news, the market reacted poorly, and the stock price fell 1.8%.

2.  On July 31, Microsoft and Meta surged in after-hours trading, surpassing SAP's market capitalization, leading investors to feel disappointed with SAP's relative performance, and the stock price continued to be under pressure.

3.  On July 29, European stock markets performed well overall, but SAP, as the largest market cap company, underperformed, dragging down overall market sentiment, and the stock price fell

### 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.**