U.S. stocks open lower, with the Dow down 0.03%, the S&P 500 down 0.01%, and the Nasdaq down 0.12%. Rivian surged 27%, with deliveries expected to increase by 53% in 2026. Some Chinese concept stocks declined, with Alibaba down 3.6%, NIO down 1.46%, and Baidu down 4.5%.

U.S. stocks closed lower on Thursday, with the Dow Jones Industrial Average and the S&P 500 both down 1.2%, and the Nasdaq Composite down 1.59%. Tesla, Nvidia, and Oracle shares declined, while the Nasdaq China Golden Dragon Index rose 0.9%. Dingdong Maicai fell 14%, and NIO Inc. rose 6%.