U.S. Stock Market Midday Update
So-Young fell 9.61%. Based on recent important news:
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On August 15, So-Young announced its second-quarter financial report, with revenue down 7% year-on-year and an ADS loss of 0.35 yuan, causing the stock price to drop over 10% in pre-market trading.
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On August 15, analysts expected So-Young's revenue to decline by 11.1%, but maintained a &#34;Strong Buy&#34; rating, and the stock price failed to hold.
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On August 13, market expectations for So-Young's poor financial report led to a decline in investor sentiment.
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Stocks with High Trading Volume in the Industry
Meta rose 1.43%, with increased trading volume. Based on recent important news:
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On August 14, Meta's market capitalization surpassed $2 trillion for the first time, reflecting market confidence in its growth potential, leading to a rise in stock price.
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On August 13, Meta approached a $2 trillion market cap, driven by positive Q2 financial report, with the stock price continuing to rise.
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On August 14, Meta benefited from advancements in AI technology, with the stock price reaching an all-time high.
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Google-A rose 1.53%, with a trading volume of $1.853 billion. Based on recent important news:
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On August 12, Perplexity AI proposed a $34.5 billion acquisition of Google Chrome, leading to a reassessment of the value of Google's other businesses, with the stock price rising 1.2%.
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On August 15, Tiger Global Management increased its stake in Alphabet by 3.1%, showing confidence in Google's future growth, further boosting the stock price.
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On August 14, Google announced a $9 billion investment in Oklahoma to expand AI and cloud infrastructure, enhancing market confidence in its technological leadership.
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Google-C rose 1.55%, with increased trading volume. Based on recent important news:
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On August 12, Perplexity AI proposed a $34.5 billion acquisition of Google Chrome, raising doubts about Google's valuation, with the stock price rising 1.2%.
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On August 15, Tiger Global increased its stake in Google's parent company Alphabet by 3.1%, leading to a rise in stock price.
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On August 14, Google announced a $9 billion investment in Oklahoma to expand AI and cloud infrastructure, boosting market confidence.
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Stocks with High Market Capitalization in the Industry
Reddit fell 0.61%, with increased trading volume. Based on recent key news:
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On August 12, Reddit faced a class-action lawsuit, raising investor concerns about the company's prospects, leading to a drop in stock price.
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On August 14, market analysts did not list Reddit as a recommended stock, affecting investor confidence.
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On August 15, Tiger Global Management increased its stake in Reddit, but failed to boost the stock price
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So-Young fell 9.61%; Meta rose 1.43%, with a transaction volume of USD 3.322 billion; Google-A rose 1.53%, with a transaction volume of USD 1.853 billion; Google-C rose 1.55%, with a transaction volume of USD 1.305 billion; Reddit fell 0.61%, with a market value of USD 45.3 billion

U.S. stock market midday update: So-Young fell 9.61%