Market Overview
On Wednesday, US stock market closed higher on Tuesday, led by tech gains. Palantir surged 24%, making it the top performer among Nasdaq-listed companies. Investors continued to assess the impact of Trump’s trade policies while focusing on earnings reports from Alphabet and other tech giants, as well as key economic data.
Economic Data
- US December job openings fell more than expected, reaching a three-month low, aligning with the trend of a gradually slowing labor market.
- According to the JOLTS report from the Bureau of Labor Statistics, job openings decreased from 8.16 million in November (revised) to 7.6 million in December, falling short of economist forecasts.
- The decline was driven by professional and business services, partially reversing the previous two months of increases. Healthcare, social assistance, finance, and insurance also saw notable drops.
- Analysts suggest that falling job openings could curb wage growth, reinforcing the Fed’s stance that the labor market is no longer a primary driver of inflation.
US Stock Market Highlights
- Major Tech Stocks: Broad gains across the sector.
- Apple, Tesla, Google: Up over 2%.
- Nvidia, Netflix, Amazon: Gained over 1%.
- Meta, Microsoft: Posted modest gains.
- Palantir: Soared 24% after reporting 36% YoY revenue growth in Q4 2024 and issuing a strong 2025 outlook.
- Alphabet (Google parent company): Shares fell over 8% in after-hours trading despite reporting $96.47 billion in Q4 revenue (slightly below the $96.62 billion estimate).
Chinese Stocks (ADRs):
- The Nasdaq Golden Dragon China Index rose 2.65%.
- Pinduoduo, XPeng Motors: Gained over 8%.
- Vipshop: Rose over 6%.
- Baidu, iQIYI, Li Auto, Beike: Up over 5%.
- Full Truck Alliance, Alibaba: Gained over 3%.
- JD.com, NIO, Tencent Music: Up over 2%.
- Decliners: NetEase fell over 2%, Trip.com dropped over 1%.
Technical Analysis of US Market
Market Snapshot
- Dow Jones: +134.13 points (+0.30%), closing at 44,556.04.
- Nasdaq: +262.06 points (+1.35%), closing at 19,654.02.
- S&P 500: +43.31 points (+0.72%), closing at 6,037.88.
Hong Kong Market Highlights
Hong Kong stocks recovered from early losses:
- Tech stocks saw mixed performance:
- JD.com fell nearly 4%, while Meituan gained over 1%.
- Media Stocks:
- MaoYan Entertainment dropped nearly 10%.
- Real Estate Stocks:
- Vanke Enterprises fell nearly 7%.
- Brokerage Stocks:
- Huatai Securities dropped nearly 3%.
- Apple-Related Stocks:
- AAC Technologies surged over 5%, bucking the market trend.
Apple Supply Chain Outlook:
Lyon Research noted that DeepSeek’s strong AI performance and low training/inference costs will accelerate AI adoption and monetization, benefiting edge AI devices. Analysts predict that 2025 will mark the beginning of AI monetization, with Apple-related stocks like AAC Technologies among the key beneficiaries.
Technical Analysis of Hong Kong Market
Market Snapshot
- Hang Seng Index: -0.69%, closing at 20,647.03.
- Hang Seng Tech Index: -0.61%, closing at 4,946.83.
- China Enterprises Index: -0.88%, closing at 7,576.45.
A50 & China A-Share Market Highlights
A-shares opened higher but later retreated before rebounding.
- Market Performance:
- 3,672 stocks advanced, 1,670 declined, and 123 remained unchanged.
- Top Gaining Sectors:
- Office software, AI office tools, software outsourcing (ITO), AI assistants, data analytics, educational software, electronic medical records, OpenAI concepts, geospatial mapping, and digital infrastructure.
- Top Declining Sectors:
- Electrode foils, HDI, lithium niobate films, dry transformers, automotive PCBs, co-packaged optics (CPO), cinema stocks, optical modules, PCB manufacturing, and power equipment.
Technical Analysis of China Market
Market Snapshot
- Shanghai Composite Index: -0.36%, closing at 3,238.85.
- Shenzhen Component Index: +0.44%, closing at 10,201.14.
- ChiNext Index: +0.50%, closing at 2,074.06.
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Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
The above information should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction. Doo Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. The market is risky, and investments should be made with caution.
