U.S. stocks suffered heavy losses, the Dow fell more than 1,000 points, and the Nasdaq fell nearly 5% – yqqlm

Securities Times Network News, on May 5, local time, the three major U.S. stock indexes suffered a sharp setback, ending the three consecutive gains since May. The Dow and Nasdaq both posted their biggest one-day losses since 2020. As of the close, the Dow fell 3.12%, or more than 1,000 points; the Nasdaq fell 4.99% to 12,317.69 points, erasing the gains since May and was the lowest closing point since November 2020; the S&P 500 fell 3.56%. On the disk, large technology stocks generally fell, Tesla fell 8.33%, Amazon and Nvidia fell more than 7%, Facebook parent company Meta fell 6.77%, Apple fell 5.57%, and the total market value evaporated more than 160 billion US dollars compared with the previous day, Google fell more than 4%. Popular Chinese concept stocks also tumbled collectively, with Weilai down 15.17%, Xiaopeng Motors down 13.51%, Ideal Auto down 8.14%, Alibaba down 6.68%, JD.com, NetEase, and Baidu down nearly 6%.