🚀 March 24 – March 28 Leaderboard: Top Traders & Market Highlights!
Last week, the US stock market experienced severe fluctuations, showing a pattern of "first suppression and then rebound": At the beginning of the week, $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ continued to adjust due to the cooling of expectations of the Federal Reserve's interest rate cuts, the divergence of profits in technology stocks, and the approaching Trump's "equivalent tariff" policy, with technology stocks leading the decline; On Friday, the expected rebound in demand for AI computing power led to a rebound, with the $S&P 500(.SPX)$ rising 0.55% for the week but still falling 2.7% for the week, and the Nasdaq falling 4.89% for the week.
The market is concerned that tariff policies will push up inflationand suppress growth, coupled with higher than expected core PCE inflation in March, causing the three major indices to experience their largest monthly declines since December 2022 . There is significant internal differentiation in technology stocks, with $NVIDIA(NVDA)$ falling more than 10% for the week but supported by demand for Blackwell chips, $Apple(AAPL)$ rising against the trend, while $Tesla Motors(TSLA)$ and $Amazon.com(AMZN)$ are under pressure.
Competition Highlights:
🔹 Top-performing stock: $Alibaba(BABA)$
Alibaba's stock price fluctuated and closed lower last week. Hong Kong stocks fell 2.07% to HK$128.4. The intra-week volatility was 6.12%. It was dragged down by the intensified competition in e-commerce and concerns about the tariff policy that took effect on April 2. However, the technological breakthrough of the AI large model Qwen2.5-Max, the expected cooperation with the AI function of the Chinese version of iPhone, and the outstanding financial report provided support. The market remains concerned about the long-term potential of cloud and AI businesses.
🔹 Most-traded stock: $Tesla Motors(TSLA)$
Last week, Tesla's stock price fluctuated violently. At the beginning of the week, due to the expectation of tariff policy relaxation and the launch of Model Y's three-year 0% interest promotion in China. On March 24, it soared nearly 12% in a single day. But then, dragged by the weak delivery expectation in the first quarter and the halving of sales in China in February, combined with the correction of technology stocks, it fell 3.5% cumulatively to $259.16 for the whole week. The intra-week volatility reached 19.5%, and at one point it plunged by more than 7%. However, on the day before the delivery data was announced it rose 7% against the trend.
Congratulations to the following Tigers on this week’s leaderboard!
Top 3 Tigers:
🏆 1st Place: @年年十八 $50 voucher
🥈 2nd Place:@XinDa $40 voucher
🥉 3rd Place: @bryan28 $30 voucher (See the full leaderboard below
4th–10th Place: Every Tiger will receive a $20 stock voucher
@闲人老马 @ondreees28 @rio man @DengDeng @JJVoon @eggtrader @Uncle Jeremy Wang
🎉 Congratulations to all Tigers who earned weekly rewards! Visit the Rewards Center to claim your prize. For detailed instructions, check the competition rules here: [Insert link to rules]
🏆 Special Invitation for Contest Winners:
Winners are welcome to contact our staff for an exclusive trading competition interview. In addition to the competition rewards, you’ll have a chance to earn an extra $30 voucher!
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