U.S. Stock Indexes Close Down, Tech and Chinese Concept Stocks Fall
On January 16, the three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average reported 37361.12 points, a decrease of 0.62%; the S&P 500 Index reported 4765.98 points, a decrease of 0.37%; and the Nasdaq Composite Index reported 14944.35 points, a decrease of 0.19%.
Most large technology stocks fell, with Netflix falling more than 2%, Facebook parent company Meta and Apple falling more than 1%, Amazon, Google A, and Intel falling slightly. However, Nvidia rose more than 3%, and Microsoft and Tesla rose slightly.
Chinese concept stocks also took a hit, with the Nasdaq China Golden Dragon Index falling 3.81%. Xpeng Motors fell by more than 9%, Weilai fell by more than 8%, iQiyi fell by more than 6%, Bilibili fell by more than 5%, and other popular Chinese concept stocks such as Weibo, JD.com, Li Auto, Baidu, Tencent Music, Bang, Pinduoduo, Vipshop, and Alibaba fell more than 3-4%.
Investors are advised to keep track of stock market trends and policy information, but to use caution when making investment decisions based on this information.
Proofreader: Yao Yuan
Statement: Securities Times strives to provide true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Any operations based on this are at your own risk. Download the official APP of “Securities Times” or follow the official WeChat official account to keep abreast of stock market trends, gain insight into policy information, and seize wealth opportunities.