U.S. Stock Market Midday Update
Opendoor Tech fell 4.47%, with increased trading volume. Based on recent important news:
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On August 5, Opendoor is set to release its second-quarter earnings report, with market expectations for revenue to remain flat and adjusted earnings per share loss to narrow to $0.02. Management's outlook may be more important than the actual results; without a positive outlook, the stock price may decline.
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On August 4, Opendoor canceled the shareholder vote on the reverse stock split and announced it has re-complied with Nasdaq's minimum bid requirements, causing the stock price to rise.
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On August 3, Opendoor's stock fluctuated due to its status as a meme stock, with investors expressing skepticism about its profitability, leading to stock price instability.
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Top Stocks by Industry Trading Volume
Zillow-C fell 0.80%, with increased trading volume. Based on recent important news:
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On August 3, analysts rated Zillow as hold, not included in the recommended buy list, affecting market confidence and leading to a decline in stock price.
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On August 4, the Hong Kong real estate market was active, but Zillow failed to benefit from this trend, putting pressure on its stock price.
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On August 5, quarterly earnings exceeded expectations, but the market reaction was lukewarm, and the stock price did not see significant increases.
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CBRE Group rose 0.37%, with increased trading volume. Based on recent important news:
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On August 4, Hong Kong residential property transaction volume exceeded 5,000 for five consecutive months, indicating signs of market recovery, pushing the stock price up by 0.37%.
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On August 4, the government's stamp duty policy adjustment stimulated active residential transactions, increasing market confidence.
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On August 5, the Tuen Mun land auction attracted developer interest, raising market expectations.
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Costa rose 0.15%, with a trading volume of 75.72 million. Based on recent important news:
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On August 5, Costa Group's annualized return over the past decade was 17.17%, outperforming the market by 5.46%. This long-term strong performance boosted investor confidence, pushing the stock price up by 0.15%.
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On August 4, Bee Assistant reached a 60-day high, and although not directly related to Costa, the positive sentiment towards tech stocks may have indirectly influenced Costa's performance.
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On August 4, Domain Holdings Australia’s positive performance in the real estate sector may have a positive impact on overall market sentiment, indirectly supporting Costa's stock price.
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Top Stocks by Industry Market Capitalization
Beike fell 2.13%, with increased trading volume. Based on recent important news:
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On August 4, Beike spent $5 million to repurchase 837,900 shares at a price of $5.91-6.13 per share, failing to boost the stock price and instead raising market concerns about the company's future growth, leading to a 2.13% decline in stock price
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On August 4th, the &#34;2025 China Real Estate Full Industry Chain Development White Paper&#34; released at the Boao Real Estate Forum pointed out that the real estate market is facing structural adjustments, with insufficient market confidence affecting the stock price of Beike.
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On August 5th, the transaction volume of residential properties in Hong Kong slightly fell by 3.2%, but the overall market showed no significant signs of recovery, impacting investor confidence in Beike
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OPEN

Opendoor Tech fell 4.47%; Zillow-C fell 0.80%, with a transaction volume of USD 169 million; CBRE rose 0.37%, with a transaction volume of USD 124 million; CoStar rose 0.15%, with a transaction volume of USD 7.572 million; Beike fell 2.13%, with a market value of USD 20.7 billion

U.S. stock market update: Opendoor Tech down 4.47%