Stocks turned south on Thursday after several days of lackluster performance. The Nasdaq was the leading large-cap loser with a 0.9% decline, followed by the S&P 500's 0.8% loss, and the Dow's 0.6% decline. The small-cap Russell 2K continued to underperform and sold off for 1.5%. Today, futures are edging higher in early premarket trading. S&P 500 contracts are up by about 0.2%. These AI Stocks Have Explosive Potential 💥 With AI's predicted surge to $2 trillion in just 7 years, now might be the prime time to invest. Don't miss out on our Top 5 AI stock picks for monumental growth. Get the Full Briefing Here 🇨🇳 Chinese EV Star Prepares for Blockbuster U.S. IPOWhile the market for Chinese IPOs globally might be taking a breather, Zeekr, Geely Automobile's electric-vehicle prodigy, is buckling up for a U.S. market debut. Filing the Future: Zeekr threw its name into the Wall Street hat with an official IPO filing. The game plan? A listing by the end of the year, with initial aspirations to raise about $1 billion, though the current forecast suggests a figure just shy of that. Deal Dynamics: Market moods are still the boss, so Zeekr's debut size and timeline could shift gears. They're cruising into a market already revved up by Chinese EV players like NIO [NIO] and XPeng [XPEV]. Banking on a Boost: For the U.S. banks steering this IPO, Zeekr's listing could be a much-needed fuel injection. With only three $1-billion-plus IPOs in the U.S. this year and Chinese international transaction fees hitting a decade low, the stakes are high. Zeekr's potential U.S. listing isn't just a milestone for the company; it's a signal of continuing global interest in the EV market, despite the broader slowdown in Chinese overseas listings. Keep your eyes on the road; this IPO could be an interesting ride. |