U.S. Markets
• Investors awaited the release of U.S. CPI data for April, which would provide clues about the Federal Reserve's future monetary policy direction.
• Major indexes closed mixed: the Dow Jones Industrial Average fell 0.21%, the S&P 500 Index dipped 0.02%, while the Nasdaq Composite rose 0.29%.
• Large-cap tech stocks were mixed: Tesla gained over 2%, Apple rose nearly 2%, and Meta fell over 1%.
• Popular Chinese stocks generally rose: the Nasdaq Golden Dragon China Index jumped 3.74%, Bilibili surged over 12%, Tencent Music climbed over 11%, and NIO advanced over 6%.
GameStop Stock Surges Over 110%
• GameStop's stock price soared over 110% on Monday, reminiscent of the "retail investor vs. Wall Street" saga of 2021.
• The stock price was halted five times due to high volatility.
• The surge was attributed to the return of Keith Gill, the "OG retail investor" who played a key role in the previous GameStop rally, to social media platform "X" after a three-year hiatus.
OpenAI Releases New Flagship Model GPT-4o with Voice Interaction
• OpenAI unveiled its new flagship AI model, GPT-4o, on Monday morning.
• The main feature of GPT-4o is the addition of voice interaction.
• It is claimed to have faster response times and less latency than similar competitors, creating a more natural conversational experience.
• GPT-4o's features are open to all users, but the voice function will not be available for a few weeks.
European Markets
• All three major European indexes fell on Monday: the UK FTSE 100 Index dropped 0.22%, the French CAC 40 Index declined 0.12%, and the German DAX Index slipped 0.16%.
International Oil Prices Rise
• Wildfires in McMurray Fort, Canada's oil capital, raised concerns about potential disruptions to crude oil supply in the region, driving up international oil prices on Monday.
• The price of New York Mercantile Exchange light sweet crude oil for June delivery settled at $79.12 per barrel, up 1.10%.
• London Brent crude oil for July delivery rose 0.69% to $83.36 per barrel.
Gold Prices Fall
• After rising significantly last week, gold prices retreated on Monday as some investors took profits amid growing expectations of a Federal Reserve rate cut.
• The New York Mercantile Exchange June gold futures price fell 1.35% from the previous trading day to $2,343 per ounce.
