U.S. Stock Market Midday Update
So-Young Technology rose 9.26%. Based on recent important news:
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On August 22, regulatory policies in the medical beauty industry tightened, requiring So-Young to increase compliance costs, restrict traditional marketing, and impacting business development.
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On August 22, offline store cash flow turned positive, but overall reliance on capital infusion increased financial pressure.
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On August 22, internet giants accelerated their entry into the medical beauty sector, putting competitive pressure on So-Young.
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Stocks with High Trading Volume in the Industry
Google-A rose 1.39%, with a trading volume of $1.668 billion. Based on recent important news:
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On August 22, Google reached a $10 billion cloud computing agreement with Meta, driving up the stock price.
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On August 23, Apple considered using Google's Gemini AI to support Siri, further boosting the stock price.
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On August 22, Google Cloud achieved a milestone victory by reaching a historic agreement with Meta.
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Meta fell 0.15%, with increased trading volume. Based on recent important news:
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On August 22, Meta announced a freeze on hiring in its AI department, raising market concerns about its high compensation strategy, leading to a slight drop in stock price.
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On August 22, Meta reached a cloud computing agreement worth over $10 billion with Google, showcasing cooperation and competition among tech giants.
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On August 22, Morgan Stanley warned that Meta's AI investments could impact shareholder returns, leading to market skepticism about its future strategy.
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Google-C rose 1.43%, with increased trading volume. Based on recent key news:
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On August 22, Meta reached a $10 billion cloud service agreement with Google, driving up Google's stock price.
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On August 23, Apple considered using Google's Gemini AI to improve Siri, further boosting Google's stock price.
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On August 23, Alphabet's stock price hit a historic high, influenced by news of the partnership with Apple.
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Stocks with High Market Capitalization in the Industry
Reddit rose 0.95%, with a market capitalization of $41.1 billion. Based on recent important news:
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On August 23, Reddit's Chief Accounting Officer and Chief Legal Officer sold company common stock, raising market concerns about internal confidence, leading to stock price fluctuations.
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On August 22, price pressures from tariffs and weak consumer demand could affect the valuations of growth stocks like Reddit, raising market concerns about future profitability.
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On August 22, the Federal Reserve may be cautious about interest rate cuts due to accelerating consumer inflation, affecting market expectations for growth stocks
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So-Young rose 9.26%; Google-A rose 1.39%, with a transaction volume of USD 1.668 billion; Meta fell 0.15%, with a transaction volume of USD 1.255 billion; Google-C rose 1.43%, with a transaction volume of USD 1.18 billion; Reddit rose 0.95%, with a market value of USD 41.1 billion

U.S. stock market update: So-Young rises 9.26%