On Friday, July 12th, U.S. stock indices rebounded across the board, with the Nasdaq Composite rising by more than 1%. The technology stock-heavy Nasdaq continued to climb during the session, surpassing 1.1% and regaining the 18,400-point mark; the S&P 500 index also rose steadily, breaking through the 5,600-point threshold and increasing by more than 0.8%; the Dow Jones, a collection of blue-chip stocks, rose by 0.8% and broke through the 40,000-point mark; the Russell 2000 small-cap index once again led the main indices, at one point rising by more than 1.8%; the Nasdaq 100 rose by more than 1.1%.

The "Tech FAANGs" saw mixed performances, with Tesla and Nvidia, which led the decline yesterday, showing strong gains. Tesla initially fell by nearly 3.3% but then reversed its downward trend to rise by more than 4.2%; Apple initially surged by more than 1.7%, maintaining its position as the most valuable company; Nvidia rose by nearly 2.9%, ranking third in market value; Microsoft initially fell by nearly 0.9% but then recovered most of its losses; Google A rose by more than 0.5% and then fell by nearly 0.4%; Amazon rose by more than 0.24% and then fell by more than 0.6%; Meta initially fell by more than 3.6%.

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Most chip stocks continued to rise. The Philadelphia Semiconductor Index rose by more than 1.8%, and the industry ETF SOXX rose by nearly 1.8%. The Nvidia double leveraged ETF rose by more than 4.4%; TSMC ADR rose by nearly 2.4%; Intel rose by about 4%; Arm Holdings rose by nearly 5%.

AI concept stocks showed mixed performances. Advanced Micro Devices (AMD) initially fell by nearly 1.5% but then rose by more than 4.1%; SoundHound.ai rose by more than 11.7%; while Snowflake initially fell by more than 4.3%.

Bank stocks kicked off the second-quarter earnings season for U.S. stocks, but their share prices were lackluster. JPMorgan Chase's second-quarter profit hit a new high, but its share price fell by more than 2.5%; Wells Fargo's Q2 net interest income fell short of expectations, at one point falling by more than 7.4%; Citigroup's total second-quarter revenue slightly exceeded market expectations, opening up by 1% before turning down by nearly 3%.

In terms of news, major banks began the second-quarter earnings season on Friday, but most of the better-than-expected results failed to boost share prices. The market's hope for a soft economic landing increased, boosting small-cap stocks. Chris Zaccarelli, Chief Investment Officer of the Independent Advisor Alliance, said they remain optimistic about the economy and the stock market due to slowing inflation and a strong labor market. However, he warned that if these trends change, the market could be significantly negatively affected, as current valuations have become very high.

Chinese concept stocks outperformed the U.S. stock market but then gave up half of their gains. The China Internet ETF (KWEB) initially rose by more than 2.4%, the China Technology ETF (CQQQ) initially rose by more than 1.6%, and the NASDAQ Golden Dragon China Index (HXC) rose by nearly 2.4%, all of which then halved their gains.

Among popular individual stocks, new forces in car manufacturing showed strong performance, with XPeng Motors rising by more than 6.3%, Li Auto rising by nearly 1.6%, NIO rising by more than 4%, and Zeekr rising by nearly 2.9%, but all subsequently gave up most of their gains. Pinduoduo initially rose by more than 4.1%, Alibaba initially rose by more than 3%, while Bilibili initially fell by more than 5.7%.

The following content was updated before 21:50.In June, the U.S. Producer Price Index (PPI) rose by 2.6% year-on-year, marking the highest increase since March of the previous year. Following the data release, the market experienced moderate fluctuations.

At the beginning of the trading session, the three major U.S. stock indices rose. The Nasdaq Composite increased by 0.12%, the S&P 500 Index by 0.13%, and the Dow Jones Industrial Average by 0.20%. The Russell 2000 Index continued its upward trend, rising by more than 1% at the start of trading.

The U.S. earnings season commenced, with bank stocks showing divergent trends. Wells Fargo's net interest income for Q2 fell short of expectations, causing a drop of over 6% at the start of trading. Citigroup fell by more than 1%, after previously rising by more than 1%, with the company's total Q2 revenue slightly exceeding market expectations. JPMorgan Chase reported record profits for the second quarter.

Technology stocks saw mixed performances, with NVIDIA rising by nearly 1%, Meta Platforms Inc. (formerly Facebook) falling by more than 2%, and Tesla falling by over 2% at the start of trading. UBS downgraded its rating on Tesla to "Sell."

AI-related stocks also showed mixed results, with SoundHound.ai rising by over 4%, while Advanced Micro Devices (AMD) fell by more than 1%.

Popular Chinese concept stocks generally rose, with Ctrip, Pinduoduo, XPeng Motors, and Baidu all increasing by more than 3%, and贝壳 (Ke Holdings, operator of the real estate platform known as Beike) rising by over 4%.

U.S. Treasury bonds declined, with the yield on the 10-year Treasury note rising by more than 4 basis points to 4.232%.

The U.S. dollar weakened, with the U.S. Dollar Index falling by 0.1% during the day.The US dollar fell against the Japanese yen in the short term, dropping 0.7% during the day, reaching a low of 157.60.

Gold prices rebounded above the 2400 mark

After the release of PPI data, spot gold fell in the short term, once dropping to $2395 per ounce, currently reported at $2405.5 per ounce.