US Stock Market: ADP, Interest Rate Cut, Dow Jones, S&P

here’s a summary of the stock market movements reported in the text:

Gainers:

* China telecom ADR (CHT-US): +0.60%
* nike (NKE): +6.41% to‍ $74.20 (due to better-than-expected Q1 performance)
* Eli Lilly (LLY-US): +5% (second consecutive day⁢ of gains,⁣ related to drug price agreement)
* ⁣ amgen (AMGN-US): +5% (second consecutive day of gains, related ⁣to ⁣drug⁢ price agreement)
* intel (INTC-US): +7.12% to $35.94
* AMD (AMD-US): +1.37% to $164.01

Losers:

* ⁣ Netflix (NFLX-US): ⁢ -2.34% to $1,170.90 (due to Elon Musk’s call for subscription cancellations)

Context/Reasons for Movement:

* Nike: Strong Q1 performance despite challenges in China and tariffs.
*⁤ Netflix: Elon Musk’s criticism and call for cancellations.
* Eli Lilly & Amgen: Positive reaction to a drug price agreement with the US government.
* Intel & AMD: Intel is reportedly in preliminary talks ⁢(according to Semafor – the article is cut off).
*⁤ China‍ Telecom: General market movement.