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Us stocks Thursday: the three major stock indexes continued to fall, most hot Chinese stocks rose, and New Oriental rose more than 9%.

via:网易科技     time:2023/1/20 11:00:48     readed:275

U. S. stocks closed down across the board on Thursday, with the Dow and the index closing lower for the third straight day. Investors are concerned about signs of further weakness in the US economy, and the latest comments from Fed officials also put pressure on investors.

The Dow closed down 252.40 points, or 0.76%, at 33044.56, the Standard & Poor's index closed at 3898.85, down 0.76%, and the NASDAQ closed down 0.96% at 10852.27.

Big tech stocks were mixed, with Apple, Google and Meta rising, with Google and Meta up more than 2 per cent.

Chip leading stocks generally fell, with AMD down more than 4 per cent and Nvidia, Qualcomm and applied materials down more than 3 per cent.

Most of the leading shares of new energy vehicles fell, Tesla fell 1.25%, Magi Rivian fell 4.30%, Faraday fell 2.13%, Ulay fell 2.18%, Xiaopeng fell 1.76%, and ideal rose 0.28%.

Among the leading e-commerce shares, Alibaba rose 2.97%, JD.com rose 1.54%, and pinduoduo rose 0.75%.

Most of the other hot Chinese stocks rose, including New Oriental up 9.61%, Ctrip up 3.33%, Auto House up 2.32%, Baidu up 1.79%, bilibili down 3.07% and Zhihu down 0.63%.

Specifically, the major technology stocks in US stocks perform as follows:

The major chip stocks in US stocks performed as follows:

The performances of the hot US-listed Chinese stocks are as follows:

This week's good economic news also seems to be bad news for the stock market. Last week, the number of first-time US jobless claims fell unexpectedly by 15000 to 190000, the lowest level since September. Us housing starts fell a seasonally adjusted 1.4 per cent to 1.38 million in December, the commerce department said on Thursday.

Us retail sales fell 1.1 per cent in December last year, the second consecutive month of contraction, according to data released Wednesday US time. Meanwhile, us industrial output fell 0.7 per cent in December, the biggest monthly decline since September 2021.

Quincy Krosby, chief global strategist at LPL Financial, the investment bank, said in a report: "just a few weeks ago, the market would have cheered the weak economic data because it showed that the Fed's aggressive rate hikes were playing a role in curbing economic demand, but now people are judging the bad news more carefully and traders and investors are no longer enthusiastic about the bad news."

Meanwhile, Fed Vice Chairman Lyle Brainard (Lael Brainard) said on Thursday that interest rate policy would remain restrictive "for some time" even if inflation moderated recently. Susan Collins, president of the Boston Fed, also reiterated the need for the Fed to raise policy rates further to put inflation on a steady downward path.

Stock market bulls are particularly concerned that the S & P failed to break decisively above 4000 this week and fall below its 200-day moving average again, meaning the bear market's downward trend remains unchanged.

So far, the fourth-quarter results of US-listed companies have been mixed, curbing investors' bullish impulses.

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