US Stock Market Opens with Mixed Performance, Shopify Surges 13.84%, Amazon Rises 8.74%

Market Watcher05-12
On May 12, 2025, the US stock market opened with mixed performance. The S&P 500 index rose by 2.84%, the Dow Jones Industrial Average increased by 2.56%, and the Nasdaq Composite Index climbed by 3.12%.

In the sector performance, the e-commerce sector showed significant gains. Amazon.com rose by 8.74%, PDD Holdings Inc increased by 8.77%, and Shopify surged by 13.84%. The electric vehicle sector also performed well, with Tesla Motors up by 6.25% and XPeng Inc. rising by 7.54%.

Microsoft saw a 1.44% increase after being included in the "Top 30 AI Companies Defining the Future" list by a well-known investment bank. Apple rose by 5.17% following the announcement of a price reduction for its iPhone 16 Pro series. NVIDIA gained 4.59% due to positive sentiment around the AI market and chip stocks' overnight gains. Broadcom increased by 5.50% as chip stocks experienced gains in overnight trading.

Tesla Motors rose by 6.25% following the US-China trade agreement to reduce tariffs, which boosted tech stocks and reduced supply chain concerns. Alibaba increased by 6.94% after the New York State Pension Fund adjusted its investments, halving its stake in Alibaba. JD.com rose by 6.50% as the market anticipated the impact of consumer subsidy policies on its earnings growth.

Shopify surged by 13.84% after being included in the Nasdaq-100 Index and reporting strong Q1 earnings with a 26.9% revenue increase. Coinbase Global, Inc. rose by 4.59% despite a price target cut by Needham analysts, maintaining a 'Buy' rating.
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