Nio was sued by Singapore’s sovereign wealth fund over claims the Chinese electric-vehicle maker juiced its numbers.

US stocks closed lower Thursday as jitters spread on Wall Street about credit market turmoil and regional banks’ exposures to bad loans.

Megacap technology stocks and bank shares were leading the gains on Wall Street as the broader market was bouncing back from its selloff into the close in the previous session. "While there’s little economic data on the calendar again today,

Wall Street’s banner first half in trading was based on handling tariff-induced market chaos. The third quarter showed the biggest banks can also seize on the stock market’s steady march higher.

Wall Street’s credit worries are intensifying, as investors on Thursday punished the stocks of regional banks and an investment bank exposed to the bankruptcy of an auto parts maker.

The tech giant raised its long-term financial targets and projected strong cloud margins, reassuring investors that its massive AI spending spree is on a path to profitability

Stocks rose across most of Asia on Thursday, with the chip sector buoyant following a strong rally among U.S. peers overnight.

U.S. stocks seesawed on Wednesday, with Wall Street's major indexes gaining back some ground after session lows as upbeat earnings reports eclipsed U.S.-China trade tension worries. The benchmark S&P 500 (SP500) was last +0.