--- title: "U.S. stock market update: WeShop rises 14.94%, inclusion in the Russell Index boosts market sentiment" type: "News" locale: "en" url: "https://longbridge.com/en/news/291176066.md" description: "WeShop rose 14.94%; Google-A rose 4.58%, with a transaction volume of USD 6.386 billion; Google-C rose 4.80%, with a transaction volume of USD 4.875 billion; Meta rose 2.77%, with a transaction volume of USD 4.273 billion; Baidu rose 6.81%, with a market value of USD 38.9 billion" datetime: "2026-06-29T17:23:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291176066.md) - [en](https://longbridge.com/en/news/291176066.md) - [zh-HK](https://longbridge.com/zh-HK/news/291176066.md) --- # U.S. stock market update: WeShop rises 14.94%, inclusion in the Russell Index boosts market sentiment **U.S. Stock Market Midday Update** WeShop rose 14.94%. Based on recent key news: 1. On June 29, WeShop was included in the Russell 3000® Index and the Russell Microcap® Index. This move increased market attention on the company, leading to a significant stock price increase of 14.94%. The market typically reacts positively to companies newly included in indices. **Stocks with High Trading Volume in the Industry** Google-A rose 4.58%. Based on recent key news: 1. On June 27, Google Cloud became a leading AI cloud platform due to strong first-quarter performance. Google Cloud's revenue grew 63% year-over-year, with profitability continuing to improve, driving the stock price up. Source: Investing.com 2. On June 29, Google restricted Meta's use of the Gemini model due to computing power demands exceeding Google's capabilities, causing delays in Meta's internal AI projects. This move reflects competitive pressure on Google in the AI field. Source: Financial Times 3. On June 29, Google's parent company Alphabet entered the Dow Jones Industrial Average, replacing Verizon, becoming one of the most influential members, with the stock price rising 3.7%. Source: Reuters AI demand surges, computing power supply becomes a bottleneck Google-C rose 4.80%. Based on recent key news: 1. On June 27, Google Cloud became a leading AI cloud platform due to strong first-quarter performance. Google Cloud's revenue grew 63% year-over-year, with profitability improving, driving the stock price up. Source: Investing.com 2. On June 29, Google restricted Meta's use of the Gemini AI model due to insufficient computing power. This move reflects the infrastructure bottlenecks in the AI industry, impacting stock prices. Source: Financial Times 3. On June 29, Alphabet's record issuance activity boosted market expectations, driving the stock price up. Source: Bloomberg AI industry infrastructure bottlenecks emerge, capital inflow Meta rose 2.77%. Based on recent news: 1. On June 27, Trump threatened to impose a 100% tariff on countries that levy digital services taxes, causing Meta's stock price to rise 2.3%. This move shows market confidence in tech giants. 2. On June 27, Zuckerberg urged Meta to consider collaborating with PolyMarket, reflecting the company's proactive attitude towards innovation and expansion, driving the stock price up. 3. On June 28, market confidence in tech stocks remains long-term while being cautious in the short term, especially in the context of AI and cybersecurity risks, requiring investors to carefully assess related risks and opportunities, leading to continued increases in Meta's stock price. Tech stocks face short-term pressure, but long-term potential remains. **Stocks with High Market Capitalization in the Industry** Baidu rose 6.81%, with a market value of $38.9 billion. Based on recent key news: 1. On June 29, Baidu's AI chip subsidiary Kunlun Chip plans to go public in Hong Kong with a valuation of $50 billion, driving up the stock price. The IPO plan of Kunlun Chip has attracted market attention and has become the main driving force behind Baidu's stock price increase. 2. On June 29, the market is optimistic about Baidu's AI chip business prospects, and investors have a positive outlook on Kunlun Chip's listing plan, further pushing up the stock price. 3. On June 27, Citibank believes that the valuation of Chinese internet stocks is attractive and recommends Baidu as a preferred target, boosting market confidence. The strong demand for AI chips is driving market activity ### Related Stocks - [WSHP.US](https://longbridge.com/en/quote/WSHP.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) ## Related News & Research - [CORRECTION -- WeShop Helps Pet Lovers Turn Everyday Pet Spending into Ownership | WSHP Stock News](https://longbridge.com/en/news/277374288.md)