Stock Market Sees Mixed Gains and Losses, Chinese Concept Stocks Correct
According to Securities Times, the three major U.S. stock indexes closed with mixed gains and losses. As of the close, the Dow rose 0.08%, achieving its fifth consecutive rise; the Nasdaq fell 0.1%; and the S&P 500 rose 0.13%. Large technology stocks were mixed, with Apple rising 0.38% and Tesla falling 3.76%.
Most chip stocks fell, with Microchip Technology falling 1.81%, Nvidia falling 1.72%, and TSMC falling 1.2%. Popular Chinese concept stocks made an overall correction, with the Nasdaq China Golden Dragon Index falling 2.12%. Xpeng Motors and Bilibili fell by more than 6%, NetEase and Kingsoft Cloud fell by more than 4%, ZTO Express, Sohu, Li Auto, and NIO fell by more than 3%, and Alibaba, Ctrip Group, and Baidu fell by more than 2%.
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