--- title: "U.S. Stock Market Midday Update: GITS up 20.19% with no positive news? Capital inflow drives volatility, future trends to be observed" type: "News" locale: "en" url: "https://longbridge.com/en/news/288305817.md" description: "Global Interactive Tech rose 20.19%; Meta fell 3.20%, with a transaction volume of USD 7.46 billion; Google-A fell 1.26%, with a transaction volume of USD 3.991 billion; Google-C fell 1.29%, with a transaction volume of USD 2.671 billion; Baidu fell 2.60%, with a market value of USD 44.8 billion" datetime: "2026-06-01T16:38:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288305817.md) - [en](https://longbridge.com/en/news/288305817.md) - [zh-HK](https://longbridge.com/zh-HK/news/288305817.md) generator: "portal-rs" --- # U.S. Stock Market Midday Update: GITS up 20.19% with no positive news? Capital inflow drives volatility, future trends to be observed **U.S. Stock Market Midday Update** Global Interactive Tech rose 20.19%, with increased trading volume and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Meta fell 3.20%, with a trading volume of $7.46 billion. Based on recent key news: 1. On May 30, Meta's Chief Legal Officer Curtis J. Mahoney sold 2,079 shares of company stock, cashing out approximately $1.27 million. Although the market reacted calmly, this move still exerted some pressure on the stock price. 2. On May 30, Bank of America reiterated its buy rating on Meta and maintained a target price of $835. The bank believes that with the initial signs of AI monetization and corporate adoption gradually emerging, investor sentiment is expected to improve. 3. On May 30, Meta reached a settlement in a lawsuit filed by a Kentucky school district regarding the harms of social media, paying $9 million in settlement fees. This incident has some impact on the company's image and financial condition. Technology stocks are experiencing significant volatility, and market sentiment is weak. Google-A fell 1.26%, with increased trading volume. Based on recent key news: 1. On May 31, a Google engineer was charged with insider trading, profiting $1.2 million using undisclosed data, highlighting the ethical risks and regulatory challenges in the tech industry. This incident may affect investor confidence, leading to a decline in stock price. 2. On May 30, an Indian court ruled that Google infringed on trademark rights and must pay damages, potentially reshaping the online advertising market. This ruling poses a potential threat to Google's advertising business, affecting its market performance. 3. On June 1, the European Union plans to establish access standards for cloud computing services, which may exclude Google and impact its business expansion in the European market. This move could negatively affect Google's international business. Technology stocks are performing strongly, and the AI investment boom continues. Google-C fell 1.29%. Based on recent key news: 1. On May 31, a Google engineer was charged with insider trading, affecting the company's reputation. This incident involves the use of undisclosed data, putting pressure on Google's stock price. 2. On May 30, an Indian court ruled that Google infringed on trademark rights and must pay damages. This ruling may reshape the online advertising market, affecting Google's advertising business. 3. On June 1, the European Union plans to restrict U.S. tech companies from participating in cloud computing projects, which may affect Google's market share. This move aims to reduce Europe's dependence on U.S. technology. Technology stocks are performing strongly, and market uncertainty is increasing. **Stocks with High Market Capitalization in the Industry** Baidu fell 2.60%, with increased trading volume. Based on recent key news: 1. On June 1, Baidu's subsidiary Kunlun Chip plans to go public in Hong Kong, raising $1 billion to $2 billion, pending regulatory approval. This news has attracted market attention and may affect stock price volatility 2. On June 1st, Baidu AI Cloud became the infrastructure partner for the embodied intelligence and autonomous driving industries, enhancing market confidence in its technological capabilities. 3. On June 1st, Baidu launched the Wenxin 5.1 model, improving text and reasoning capabilities, further consolidating its leading position in the AI field. The demand in the AI industry is strong, and capital inflow is significant ### Related Stocks - [GITS.US](https://longbridge.com/en/quote/GITS.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) ## Related News & Research - [Frontier AI labs still won’t say how they’d contain a rogue model](https://longbridge.com/en/news/296685572.md) - [Use Meta Stock Volatility To Capture A 35% Return In A Few Weeks](https://longbridge.com/en/news/296523199.md) - [Meta's new app, Pocket, lets you vibe code the memes of your dreams](https://longbridge.com/en/news/296524020.md) - [The push for AI watermarks is spawning a new wave of tools to remove them](https://longbridge.com/en/news/296262434.md) - [ARTIFICIAL INTELLIGENCER-AI firms can't yet contain what they've built, study finds](https://longbridge.com/en/news/296396583.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**