U.S. Stocks Plummeted

U.S. stocks opened lower and lowered. All the four major indexes closed down.

On Tuesday, the four major indexes all closed in black. Although the decline was not as surprising as a thousand-point collapse, the Nasdaq index of the US stock market fell by 4% and entered the correction zone. Tesla plunged 20% in a single day. The worst single-day drop in history.

The U.S. stock market fell on the 8th. Large technology stocks continued their decline last week, led by Apple and Tesla. Tesla set the largest single-day decline in history. The Dow Jones Industrial Average closed down 632 points. The Nasdaq Index tumbled 4.11% and entered a correction range.

According to comprehensive media reports, in the past month, SoftBank has rarely purchased buy options for technology giant stocks at a cost of nearly US$4 billion. Some experts believe that this is a precursor to a sell-off, which has aggravated investor tension. mood. Technology stocks once again dragged down the three major indexes. This category of stocks fell 4.59%, the third consecutive day of decline, setting the biggest three-day decline since mid-March.

The five major technology giants “FAAMG” all fell, Apple fell 6.73%, Microsoft fell 5.41%, Amazon fell 4.39%, Alphabet fell 3.64%, and Facebook fell 4.09%.

Tesla plunged 21%, the largest one-day drop in history. Prior to this, the stock failed to be included in the S&P 500 index, which surprised the market. This decision also revealed the risk of overheating the Nasdaq index. As of September 4, Tesla has soared about 400% this year.

The Trump administration’s plan to sanction China’s largest chip manufacturer SMIC’s concerns impacted domestic suppliers in the United States, and the Philadelphia Semiconductor Index fell 3.43%.

At the close of US stocks today, the Dow Jones Industrial Average closed down 632.42 points, or 2.25%, to 27,500.89.

The S&P 500 index closed down 95.12 points, or 2.78%, to 3,331.84 points.

The Nasdaq index closed down 465.44 points, or 4.11%, to 10847.69 points.

The Philadelphia Semiconductor Index fell 104.11 points, or 4.71%, to 2108.61 points.

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U.S. stocks opened lower and lowered. All the four major indexes closed down.

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