Pre-market trading in US stocks: JD.com leads Chinese concept stocks, Nvidia and Meta lead technology stocks! Gold concept stocks are rising

U.S. Stock News

1. Musk issues all-staff email: Tesla to globally cut 10% of workforce.

2. Apple CEO Cook visits Vietnam, Apple announces increased spending on the country's suppliers.

3. U.S. government announces plans to provide over $6 billion in subsidies to Samsung Electronics for its chip project in the U.S.

4. Informed sources revealed earlier that JD.com's founder and chairman, Liu Qiangdong, is set to start live streaming on the JD.com app, expected to go live soon (within this week) in a new format.

JD Blackboard later announced: "CaiXiaoDongGe" digital person will kick off the "live streaming debut" at 6:18 pm on April 16, appearing in JD's home appliances, home furnishings, and JD supermarket CaiXiao live streaming rooms.

1. Nio's car manufacturing qualification has been officially approved.

2. Regarding the online rumors about Xiaopeng P7's price dropping to 140,900 yuan, store sales personnel stated that the discounted model is the P7 old model (2023 model 586E), which can be priced at 140,900 yuan after comprehensive subsidies.

3. Amazon Web Services CEO Adam Selipsky stated in an interview, "Currently, over 10,000 companies are using the various models provided by the Amazon Bedrock platform to build AI applications, but this only accounts for 1% of the potential market share. By 2024, more companies will need customized AI models."

Pre-market Movement

In the U.S. stock market pre-market, the three major stock index futures are up, and the fear index is sharply down.

Bitcoin is currently trading at $66,725, up over 3% in the past 24 hours; Ethereum is currently trading at $3,257, up over 7% in the past 24 hours.

Chinese concept stocks are generally up pre-market, with technology stocks and cryptocurrency concept stocks showing mixed movements.

JD.com is up nearly 3% pre-market, Nio is up 2%, Pinduoduo, Li Auto, Bilibili, NetEase are up over 1%, Alibaba, XPeng, Baidu are up nearly 1%.

Nvidia, Meta are up over 1%, Apple is down over 1%, Tesla is down 0.5%.

Coinbase is up nearly 1%, Microstrategy is down over 1%, Marathon Digital is slightly down.

U.S. gold concept stocks are rising, AngloGold is up over 4%, Hecla Mining, Harmony Gold are up over 2%.

Strategy Review

1. Bank of America warns: U.S. stocks to face "Black Monday"?

CTA stop-loss trigger points are close, stock selling may intensify market panic. There may also be a large number of liquidations in the European stock market, increasing market pressure. Volatility control strategies may continue to sell, stock market declines and rising volatility will trigger additional selling pressure. In addition, the arrival of the buyback blackout period will further intensify market selling pressure 2. Be cautious of the "earnings kill" in the US stock market! Morgan Stanley warns: Market overly optimistic

Morgan Stanley strategist warns not to expect the optimistic corporate earnings season to drive the US stock market higher, as most of the optimism has already been priced in after this year's record rally.

3. Morgan Stanley's short interest Wilson: US bond yields break key level, US stocks in danger!

"We have been emphasizing that the 10-year US bond yield breaking above 4.35-4.40% is a key level for US stock valuations, and last week this level decisively broke to the upside.

As expected, small-cap stocks and other lower quality/high leverage cyclical stocks have performed much worse than the broader market, with their highest negative correlation to the 10-year yield."