Major US stock indices decline amid market direction uncertainty

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The American stock market declined during the opening hours in various aspects, according to reports from Odaily Planet Daily. The three major US stock indices all experienced declines, with no significant buying support to bolster the market amid economic data volatility and price adjustments.

The three main indices decline

The Dow Jones Industrial Average fell by 177 points, while the S&P 500 decreased by 0.23%, and the Nasdaq Composite dropped by 0.14%, causing investors to become concerned about market momentum. This movement reflects uncertainty in the market.

American stocks vary: Walmart clearly declines

On the individual stock side, Walmart dropped 4.7% after the company issued a lower-than-expected revenue outlook for the fiscal year 2026. This indicates that the company’s sales and profits may face challenges in the upcoming period.

Chinese stocks soar, indicating a tech recovery

Contrary to the overall market movement, Chinese stocks showed interesting phenomena. Alibaba surged 9% after its financial results exceeded market expectations. GDS, Alibaba’s IDC partner, grew even stronger by 19%, while 21Vianet increased by 16%. Bilibili also rose 12% after reporting Q4 2024 profits.

Chinese gold index surges, reflecting a recovery in Asian tech stocks

The Nasdaq China Golden Dragon index increased by 3.2%, indicating overall strength in the Chinese tech market. The movement of this major Chinese stock index directly contrasts with the US market, reflecting differing investment directions between Western and Asian markets.

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