On Monday us time, the main stock indexes of US stocks closed down sharply again. The S & P 500 index fell below the 4000 mark for the first time in more than a year, while the NASDAQ index lost more than 500 points. The Dow Jones index closed at 32245.70 points, down 653.67 points, or 1.99%; The standard & Poor's 500 index closed at 3991.24, down 3.20%, while the Nasdaq composite index closed at 11623.25, down 4.29%.
Large tech stocks generally fell, Amazon fell more than 5%, Netflix fell more than 4%, Apple And meta fell more than 3%. In the past three trading days, Apple's market value has evaporated $200 billion, Microsoft's market value has evaporated $189 billion, and Amazon's market value has decreased by $173 billion. The market value of alphabet decreased by $123 billion.
Chip leading stocks generally fell, NVIDIA and AMD fell more than 9%, and asmai and applied materials fell more than 6%.
Electric vehicle stocks generally fell sharply, Tesla fell 9.07%, and the market value has evaporated $1990 billion in the past three trading days; Rivian fell 20.88%, Faraday fell 16.03% in the future; Weilai fell 9.18%, Xiaopeng fell 10.05% and ideal fell 9.66%. Some media reported on Saturday that Ford plans to sell 8 million rivian shares.
Zhonggai e-commerce stocks generally fell, with Alibaba down 5.79%, jd.com down 8.22% and pinduoduo down 8.48%.
Zhonggai online education stocks generally fell, with Netease Youdao down 13.71%, New Oriental down 16.39%, gaotu down 10.81% and tal down 9.01%.
Other popular Chinese concept stocks generally fell, including boss direct employment fell 10.83%, Didi fell 10.34%, bilibilibili fell 9.83%, baidu fell 8.68%, manbang fell 7.93% and Zhihu fell 5.26%.
Specifically, the main technology stocks in US stocks are as follows:
The main chip stocks in US stocks are as follows:
The main Chinese concept stocks listed in the United States are as follows:
Investors are assessing the risk of continued high US inflation and the prospect of slowing economic growth, as well as the need for policymakers to continue raising interest rates. Although Fed chairman Powell said that the Fed did not actively consider raising interest rates by 75 basis points, it is unlikely to prevent some people in the market from taking action accordingly.
Alejo czerwonko, chief investment officer of UBS emerging markets in the Americas, said: "for investors, there is still a terrible place in the world this year. We have suffered one negative impact after another, all of which have a serious impact on the global economic outlook."
Even analysts at BlackRock, the world's largest asset management company, slightly reduced their exposure at a time when the macroeconomic outlook deteriorated. They now see little chance of a "perfect economic scenario".
Earlier Monday, the yield on the 10-year Treasury note briefly exceeded 3.2%, then fell 4.4 basis points to 3.08%.
Soaring yields are bad news for the stock market, especially technology stocks and other growth stocks, because their valuations are based on profits and cash flows in the distant future. A rise in risk-free Treasury yields will reduce the present value of these future funds.
"We expect the market to continue to fluctuate and the market risk is biased towards the downside as the risk of stagflation continues to increase. Although we cannot underestimate the sharp rebound in the bear market, we believe that the upside is still limited," maneesh Deshpande, an analyst at Barclays, wrote in the report