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US PCE Data Meets Expectations, US Stock Market Opens Lower Across the Board

Summary: According to reports from sources, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.15%, the S&P 500 Index dropped by 0.18%, and the NASDAQ Composite Index declined by 0.36%. Alibaba (BABA.N) surged by 7.65% after the company released its latest financial report, showing a 2% year-on-year increase in ...

According to reports from sources, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.15%, the S&P 500 Index dropped by 0.18%, and the NASDAQ Composite Index declined by 0.36%.

Alibaba (BABA.N) surged by 7.65% after the company released its latest financial report, showing a 2% year-on-year increase in Q1 revenue and a 12% year-on-year growth in first-half instant retail business revenue.

Nvidia (NVDA.O) continued its decline from yesterday, opening with a 1.36% drop.

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