2026-01-03 01:22:06

The first trading day of 2026, the U.S. stock market's three major indices performed steadily. The S&P 500 index rose slightly by 0.19% to 6858.47 points, down 1.03% for the week; the Dow Jones Industrial Average increased by 319.10 points (0.66%), closing at 48382.39 points, down 0.67% for the week; the Nasdaq Composite index dipped slightly by 0.03% to 23235.629 points, with a weekly decline of 1.52%. The volatility index VIXY decreased by 1.68% to 25.21, indicating a slight easing of market risk sentiment.

There is a divergence among tech giants. Tesla declined for the seventh consecutive trading day, down 2.59% today. Microsoft, Amazon, and Meta also fell by 2.21%, 1.87%, and 1.47%, respectively. However, Nvidia bucked the trend with a 1.26% increase, and Google A shares closed up by 0.69%, with Apple experiencing the smallest decline of only 0.31%.

The biggest highlight comes from the strong performance of Chinese concept stocks. The Nasdaq Golden Dragon China Index surged by 4.38% to 7859.65 points, with a weekly increase of 2.23%. Among them, Baidu surged the most by 15%, autonomous driving companies Xiaoma Zhixing and Wenyuan Zhixing rose by 11.1% and 8.2%, respectively; NetEase increased by 7.2%, Alibaba by 6.2%, and New Oriental, Xiaomi, JD.com, Meituan, Pinduoduo, Li Auto, and Yum China rose by up to 5.3%.

The chip industry chain remains hot. TSMC rose by 5.17% and hit a new all-time high, AMD increased by 4.35%, Micron Technology gained over 10.5%, and SanDisk, a storage chip manufacturer that surged nearly 560% in 2025, rose about 16%. Broadcom also saw a slight increase of over 0.4%.

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GasWastingMaximalist

· 7h ago

Baidu jumps 15% in one go? Is this a dream haha

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ChainMaskedRider

· 7h ago

Chinese concept stocks are on the rise, Baidu jumps 15 points and takes off directly

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PerpetualLonger

· 7h ago

Chinese concept stocks are surging so fiercely, this is the feeling I want. Fully invested in Baidu is not a dream.

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LiquidationWizard

· 7h ago

Baidu directly jumps 15%? What were they thinking... Are Chinese concept stocks crazy today? SanDisk up 16%, up 560% last year and still rising, the chip sector is really incredible. Tesla down seven consecutive days, Elon Musk needs to reflect, reflect, haha. Wait, Micron also up 10.5%, is the entire chip industry taking off? I need to see if there's still a chance to jump on board. TSMC hits a new high? No wonder Nvidia is also rising, it's all about the industry chain. The US stock market was originally looking bad this week, but Chinese concept stocks suddenly surged and pulled everything up. Xiaomi, Pinduoduo, and Li Auto are all rising, it seems everyone was optimistic at the beginning of the year.

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RooftopVIP

· 8h ago

Wow, Baidu up 15%, Chinese concept stocks are about to turn around Tesla dropped again, this guy is really struggling Chips are really hot, Micron and SanDisk both exploded Energy still has no movement, this year we have to rely on technology Chinese concept stocks finally showing some signs of recovery, long-term optimism

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