Market

September 23, U.S. stocks opened lower as investors weighed rising bond yields and mixed corporate updates. The Dow Jones slipped 0.30% to 51,706.08, the S&P 500 eased 0.12% to 7,755.70, and the Nasdaq Composite fell 0.19% to 27,192.05, signaling a cautious start to the trading day.

Freight Technologies, Inc. surged 24.17% after landing a multiyear logistics contract, while Lixiang Education Holding jumped 22.99% on robust enrollment data. WAH FU EDUCATION GROUP LTD leapt 14.39% on reports of a strategic U.S. investment, and IONQ Inc. rallied 10.06% following a quantum-computing pact with a major cloud provider. Tesla Motors gained 1.35% on battery-production progress. On the downside, Zk International Group Co. Ltd. fell 11.48% after a guidance cut, MicroSectors Gold Miners 3x Leveraged ETN slid 9.48% as bullion prices retreated, Shengfeng Development Limited dropped 7.20% on a share-sale plan, and Xiao I Corp declined 7.01% amid profit-taking.

Elsewhere, Recon Technology rose 6.39%, 111 Inc. added 3.38%, Intchains Group Ltd. climbed 3.04%, Taoping Inc advanced 2.95%, Sunlands Online Education Group gained 2.05%, and Meta Platforms, Inc. edged up 1.20% as traders favored selective tech, AI and China education themes.

News

IONQ Inc. announces Microsoft quantum partnership, shares spike 10.06%. The collaboration will integrate IONQ Inc.’s quantum hardware into Azure, expanding enterprise access and highlighting growing demand for quantum solutions.

Freight Technologies, Inc. wins five-year U.S. retailer contract, stock soars 24.17%. Management said the deal could double annual revenue and accelerate North American market penetration.

Tesla Motors starts pilot production of next-gen battery cells in Texas, up 1.35%. The milestone supports plans to cut costs and extend vehicle range ahead of new model launches.

Micron Technology beats estimates, guides higher on AI-driven memory demand. Shares inch up 0.15% as the chipmaker cites improving PC markets and robust data-center orders.

Meta Platforms, Inc. debuts AI assistant on Facebook and Instagram, stock gains 1.20%. Early engagement metrics surpassed expectations, bolstering hopes for new monetization avenues.

Zk International Group Co. Ltd. cuts revenue outlook, plunges 11.48%. Delayed infrastructure projects and rising input costs prompted the downgrade, spooking investors.

Silicon Motion Technology dips 2.39% on fresh U.S. antitrust scrutiny of pending takeover. Regulatory hurdles raise uncertainty over the semiconductor firm’s acquisition timeline.

MicroSectors Gold Miners 3x Leveraged ETN tumbles 9.48% as gold retreats. A stronger dollar and higher Treasury yields triggered outsized losses in the leveraged product.

Shengfeng Development Limited slides 7.20% after $50 million share sale filing. Investors fear dilution even as the logistics firm seeks funds to expand its trucking fleet.

WAH FU EDUCATION GROUP LTD jumps 14.39% on AI tutoring platform launch plans. The company aims to tap growing U.S. demand for remote learning with a new artificial-intelligence service.