# US Stocks Rebound, Chinese ADRs Surge

> US stocks rebounded Friday as Chinese assets and precious metals surged.
- Title: US Stocks Rebound, Chinese ADRs Surge · BigGo Finance
- Summary: US stocks rebounded Friday as Chinese assets and precious metals surged. US stocks rose 0.83% on Friday with Chinese ADRs up 2.69% and gold up 1.52%.
- Keywords: us stocks, nasdaq golden dragon china index, comex gold futures, alibaba, t-mobile, people's bank of china, spacex, finance, markets, Stocks, Rebound, Chinese
- Source: BigGo Finance — https://finance.biggo.com/news/b1a9f4e8-08d2-4aaa-af17-257e48490a0c
- Author: BigGo Finance
- Published: 2026-10-10T00:55:33+00:00
- Read time: 1 min
- Topics: us stocks, nasdaq golden dragon china index, comex gold futures, alibaba, t-mobile, people's bank of china, spacex, finance, markets
## US Stocks Rebound
US stocks rebounded on Friday, October 9, with the Dow rising 0.83% to 51,654.95, the S&P 500 up 0.59%, and the Nasdaq up 0.64%.
## Chinese ADRs Surge
Chinese assets surged 2.69% with Xiaomi and Zhineng Weilai jumping over 9% and Alibaba, Li Auto, and NIO gaining more than 5%.
## Precious Metals Rally
COMEX gold rose 1.52% to $4,220.30 per ounce and silver up 2.84% to $61.11 per ounce.
## Apple Component Cuts
Apple reportedly cut iPhone 18 Pro component production due to soaring memory chip costs and reduced consumer demand.
## SpaceX Spectrum Deal
SpaceX's acquisition of low-band spectrum licenses caused T-Mobile to plunge 13.27% and AT&T to drop 9.85%.
## People's Bank of China Gold Reserves
The People's Bank of China added 740,000 ounces of gold reserves for the 23rd consecutive month.
## Lumentum Optical Capacity
Lumentum's optical component capacity is fully sold out through early 2029 for AI data centers.
## US Telecom Impact
US telecom operators took a heavy hit as SpaceX's spectrum deal hammered traditional mobile operators.
## Geopolitical Shifts
US and Russia agreed on diesel supply while Iran expanded maritime enforcement in the Strait of Hormuz.
## Gold Outlook
Gold prices expected to trade in a weak range amid hawkish Fed expectations and central bank demand.
## Key takeaway

US stocks rose 0.83% on Friday with Chinese ADRs up 2.69% and gold up 1.52%.