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Shares of U.S.-listed Chinese companies dropped as China’s state planner failed to announce new economic stimulus plans. Bilibili, Nio, and PDD all saw declines, while JD.com and Alibaba also fell. Wynn Resorts and Las Vegas Sands, with resorts in Macau, China, saw their shares decrease. On the positive side, DocuSign’s stock rose after being added to the S&P 500 MidCap 400 index. Super Micro Computer saw an increase after announcing a significant deployment of graphics processing units. Nvidia also had gains, following positive comments on artificial intelligence demand. In the banking sector, Wells Fargo rose after an upgrade, while Humana saw an increase after being upgraded by Bernstein. Microsoft and PepsiCo saw minor fluctuations in their stock prices after recent earnings reports.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
