Major US Stock Indexes Close Slightly Lower as Tech and Chinese Concept Stocks see Mixed Performance
September 19, 2022 – The three major US stock indexes closed slightly lower on September 19, according to Securities Times. The Dow Jones Industrial Average fell 0.31% to 34,517.73 points, while the S&P 500 Index dropped 0.22% to 4,443.95 points. The Nasdaq Index reported a decline of 0.23%, closing at 13,678.19 points.
Among the large technology stocks, there was a mixed performance. Intel recorded a significant drop of over 4%, while Amazon and Nvidia both fell more than 1%. Microsoft and Google A experienced slight declines. On the other hand, Apple, Tesla, Facebook’s parent company Meta, and Netflix saw slight increases.
Chinese concept stocks also faced a downward trend. Weilai observed a significant decline of over 17%, while Xpeng Motors fell over 5% and Li Auto dropped more than 3%. Tencent Music, JD.com, Pinduoduo, and Baidu all saw declines of more than 1%. Vipshop and Bilibili experienced slight downturns, while Shell, iQiyi, and Alibaba had modest gains. NetEase, Ctrip, and Milestone shares witnessed slight drops.
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