U.S. Stocks Open Mixed on Wednesday; Chinese ADRs Jump With Alibaba up 4%

Tiger Newspress

2025/03/05

U.S. stocks were little changed Wednesday, as the latest jobs data exacerbated concerns about the economy and appeared to pull attention away from hopes of a compromise on President Donald Trump's controversial tariffs.

The Dow Jones Industrial Average traded 7 points lower. The S&P 500 was higher by about 0.1%, and the Nasdaq Composite advanced 0.3%.

Sentiment was somewhat alleviated overnight after Commerce Secretary Howard Lutnick said he expected an announcement on an agreement with Canada and Mexico. Lutnick added on Wednesday morning that Trump was considering which sectors of the economy to give relief to on the taxes.

Chinese ADRs jumped in morning trading on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.

YINN rose 8%; XPeng rose 6%; Alibaba rose 4%; PDD Holdings, JD.com, and Baidu rose 3%; NIO and Li Auto rose 2%.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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