Intel Surges Over 8%, Trump Concept Stocks Halted Multiple Times, Popular Chinese Tech Stocks Decline, XPeng Falls Nearly 8%

  • 2025-12-03

 

On December 2 local time, the three major U.S. stock indices closed slightly higher, with the Dow up 0.39%, the S&P 500 up 0.25%, and the Nasdaq up 0.59%.

U.S. tech stocks generally rose, with the Magnificent Seven index up 0.61%. Apple gained over 1%, and Meta rose nearly 1%.

Most chip stocks advanced, with the Philadelphia Semiconductor Index climbing 1.83%. Intel surged over 8%, NXP Semiconductors rose more than 7%, and Microchip Technology increased over 6%.

Boeing jumped over 10%, marking its largest single-day gain since April. According to Securities Times e-company, Boeing stated that achieving its long-term cash flow target of $100 billion is feasible and expects the U.S. Department of Justice’s penalty decision to be postponed until 2026.

Driven by Bitcoin’s 6% rebound, crypto-related treasury stocks such as MSTR and BMNR also rallied. Bitcoin miner American Bitcoin, seen as a "Trump concept stock," plummeted sharply, at one point falling over 50%, and triggered multiple trading halts due to excessive volatility. It closed down 38% at the end of the trading day.

Regarding Chinese assets, most U.S.-listed Chinese stocks were in a consolidation phase, with the Nasdaq Golden Dragon Index closing down 0.65% on Tuesday. Among individual stocks, XPeng fell 7.92%, Canadian Solar dropped 6.15%, while Nio, Bilibili, GDS Holdings, 21Vianet, and Kingsoft Cloud declined between 2.2% and 2.9%. Alibaba fell 1.91%, NetEase dropped 1.83%, and Baidu, Trip.com, and Zeekr fell up to 0.6%.

In commodities, international precious metals futures closed mixed. COMEX gold futures fell 0.84% to $4,238.70 per ounce, while COMEX silver futures edged up 0.01% to $59.15 per ounce.

The main U.S. crude oil contract settled down 1.23% at $58.59 per barrel, and Brent crude fell 1.28% to $62.36 per barrel. Data from the American Petroleum Institute (API) showed U.S. crude inventories unexpectedly rose by 2.48 million barrels last week, compared to a previous decline of 1.859 million barrels. The unexpected inventory increase fueled concerns over oversupply, weighing on oil prices.

For cryptocurrencies, most major coins gained. As of around 7:00 AM, Bitcoin rose nearly 6%, breaking back above the $91,000 mark, and Ethereum surged over 7%. According to data from Coinglass, over 110,000 traders globally faced liquidations in the past 24 hours.

Go Back Top