The US Stock Market Ends with Mixed Results, Chinese Concept Stocks Fall
In the latest trading session, the three major US stock indexes closed with mixed gains and losses. The S&P 500 index saw a minor decrease of 0.03 points, or 0.00%, closing at 5187.67 points. On the other hand, the Dow experienced a modest increase of 172.13 points, or 0.44%, reaching 39056.39 points. The Nasdaq fell by 29.80 points, or 0.18%, ending at 16302.76 points.
Among the notable movements in the market, most large technology stocks saw gains, with Apple rising by 0.19%. However, the majority of popular Chinese concept stocks faced losses, as indicated by the Nasdaq China Golden Dragon Index closing down by 0.71%.
Specifically, Shanda Technology witnessed a decline of over 9%, while Xpeng Motors fell by more than 6%. Lufax Holdings and NIO both experienced drops of over 5%, with Qudian and Li Auto falling by more than 4%. Weibo also saw a decline of over 3%, while Autohome defied the trend by rising more than 5%.
These market fluctuations highlight the ongoing volatility and uncertainties surrounding both the US and Chinese stock markets. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.
(Source of article: Securities Times.com)
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice. Readers are urged to make investment decisions at their own risk and discretion.