Mixed Performance in US Markets, Tesla Drops Over 5%, Amazon Gains 2%

Market Watcher04-03
On April 2, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average fell by 0.3%, the S&P 500 declined by 0.2%, while the Nasdaq Composite rose by 0.1%.

In the sector performance, the electric vehicle sector saw significant movement. Tesla Motors dropped by 5.31% after reporting first-quarter deliveries that fell 13% year-over-year, missing analysts' expectations. The decline was attributed to rising competition, weak demand, and backlash against CEO Elon Musk's politics. Rivian Automotive, Inc. also fell by 5.95% due to similar delivery shortfalls.

In contrast, the AI cloud sector showed strong performance. CoreWeave, Inc. surged by 16.72%, reflecting growing investor interest in AI-related stocks. The company's close ties to Nvidia and impressive financial performance contributed to the positive sentiment.

Amazon.com gained 2.00% following reports that it made a last-minute bid to acquire TikTok. This move comes ahead of the April 5 deadline for TikTok to find a non-Chinese buyer or face a ban in the US. The bid has positively impacted Amazon's stock price.

NVIDIA saw a modest increase of 0.25% as Chinese companies placed $16 billion in orders for its H20 server chips, driven by booming demand for AI processors.

Alibaba fell by 2.25% despite the surge in orders for Nvidia's chips, reflecting broader concerns about the Chinese tech sector.
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