US Stock Market Opens with Mixed Performance, Tesla Drops 5.30%, Amazon Falls 2.71%

Market Watcher03-31
On March 31, 2025, the US stock market opened with mixed performance. The Dow Jones Industrial Average fell by 0.5%, the S&P 500 decreased by 0.7%, and the Nasdaq Composite dropped by 1.2%.

In the sector performance, the US semiconductor sector experienced a significant decline, with major stocks such as Advanced Micro Devices down 2.67% and NVIDIA down 3.57%. The US e-commerce sector also saw a downturn, with Amazon.com falling 2.71% and Alibaba dropping 2.01%.

Tesla Motors experienced a significant drop of 5.30%. The decline was attributed to a combination of factors including global protests against the company, a downward revision of delivery expectations, and negative market sentiment driven by CEO Elon Musk's comments. The stock has been on a downward trend, with analysts attributing the lower estimates to Musk's politics and the Model Y changeover.

Amazon.com fell by 2.71% after signing a patent agreement with Nokia, resolving all patent litigation between the two companies. The agreement covers the use of Nokia's video technologies in Amazon's streaming services and devices, marking a positive development in their relationship.

Meta Platforms, Inc. dropped by 2.05% after Jefferies maintained a Buy rating but cut the price target from $810.00/share to $725.00/share.

Apple saw a slight increase of 0.11%. The company is developing a new health application and AI doctor service, codenamed "Mulberry," which is expected to launch with iOS 19.4 next year. Additionally, Apple is clashing with SpaceX over satellite expansion plans and has been fined €150 million by French antitrust regulators for abusing its dominance in mobile app advertising.

Advanced Micro Devices fell by 2.67% after completing its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure. The acquisition is expected to enable a new class of end-to-end AI solutions and accelerate the deployment of AMD-powered AI infrastructure.
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