All three major US stock indexes opened lower, while Alibaba surged by 9%.

According to Jinse Finance, on July 8, the three major US stock indexes opened lower collectively. The Dow Jones fell by 1.04%, the Nasdaq dropped by 0.6%, and the S&P 500 index decreased by 0.4%. Storage concept stocks declined, with SanDisk falling over 1%, Micron Technology down more than 3%, and Western Digital dropping over 1%. Kingsoft Cloud rose more than 11%, and Alibaba climbed over 9%.