On Friday, U.S. time, U.S. stocks closed down across the board, as the Russian-Ukrainian conflict made investors nervous. The Dow Jones closed at 34,079.18 points, down 232.85 points, or 0.68%; the S&P 500 closed at 4,348.87 points, or 0.72%; the Nasdaq Composite closed at 13,548.07 points, or 1.23%.
Among the big tech stocks, Netflix was the only one that rose more than 1%.
Most of the leading chip stocks fell, Intel fell more than 5%, and Bank of America reiterated its underperform rating on the stock; Nvidia and Micron fell more than 3%.
Electric vehicle stocks generally fell, Tesla fell 2.21%, Rivian rose 2.52%, Faraday Future fell 1.99%; Weilai fell 6.11%, Xiaopeng fell 3.73%, and Ideal fell 3.64%.
China’s e-commerce stocks generally fell, with Alibaba down 4.37%, JD.com down 3.61%, and Pinduoduo down 6.05%.
Zhongjian online education stocks generally fell, NetEase Youdao fell 7.42%, New Oriental fell 3.18%, TAL fell 1.18%, and Gaotu fell 0.46%.
Other popular Chinese concept stocks generally fell, among which Zhihu fell 12.22%, Manbang fell 11.34%, Douyu fell 8.61%, Bilibili fell 6.19%, Didi fell 5.40%, Baidu fell 5.22%, BOSS Zhipin fell 2.46%.
Specifically, the major technology stocks in the U.S. stock market performed as follows:
The major chip stocks in the U.S. stock market performed as follows:
The performance of major Chinese concept stocks listed in the United States is as follows:
This week, the major U.S. stock indexes all fell by more than 1%, and fell for two consecutive weeks.
Ongoing tensions between Russia and Ukraine continue to weigh on U.S. stocks. The Wall Street Journal reported at noon on Friday that U.S. officials expected a Russian attack within days. U.S. President Joe Biden is expected to send more U.S. troops to Ukraine, NBC reported.
“As the standoff between the West and Russia could eventually lead to some ground-based conflict, it is difficult for investors to grasp the risks,” Edward Moya, senior analyst at investment bank Oanda, said in a note on Friday. “As we see the situation Wall Street will remain jittery until there is a big easing.”
Investors have also been grappling with possible actions by the Fed. St. Louis Fed President James Bullard, who has just called for aggressive action, has warned that inflation could spiral out of control if interest rates are not raised.
“Whether it’s geopolitics, labor markets, supply disruptions — no matter how you look at it, everything points to inflation,” Rich Bernstein, founder of investment firm Richard Bernstein Advisors, said on Friday.