The US e-commerce giant Amazon reported weaker-than-expected earnings, its stock price plummeted 14%, and the monthly inflation rate hit the largest increase since 2005, panicking investors who were already worried about rising interest rates. The U.S. stock market closed in the dark on the 29th, the Dow Jones Industrial Average fell 939 points, the Nasdaq Index and the Philadelphia Semiconductor Index fell more than 4%, the largest one-day decline since 2020.

According to comprehensive media reports, Amazon tumbled 14.05%, the largest one-day decline since 2006, and its stock price was close to a two-year low. Amazon reported disappointing first-quarter earnings and forecasts on the 28th, mainly due to the impact of higher warehouse operating costs and logistics costs for delivering packages, resulting in its first loss since 2015.

All 11 sectors of the S&P 500 fell, led by consumer discretionary down 5.9% and real estate down 4.9%. The S&P 500 had its biggest one-day drop since June 2020, and the Nasdaq had its biggest one-day drop since September 2020. The Nasdaq fell 13.3% in April, its worst month since the October 2008 financial crisis.

The U.S. Department of Commerce announced on the 29th that the inflation indicator that the Federal Reserve is concerned about. The personal consumption expenditures (PCE) price index increased by 6.6% in March, the largest increase since 1981, and the monthly increase has also rewritten since 2005. But U.S. core PCE inflation rose weaker in March than the previous month, raising hopes that inflation has peaked.

At the close of US stocks today, the Dow Jones Industrial Average fell 939.18 points, or 2.77%, to 32,977.21 points.

The S&P 500 fell 155.57 points, or 3.63%, to 4,131.93.

The Nasdaq lost 536.89 points, or 4.17%, to 12,334.64.

The Philadelphia Semiconductor Index fell 136.6 points, or 4.47%, to 2,919.7.