On Friday, March 11, the United States time, all major stock indexes closed down, down more than 1 percent. The February non-farm payrolls report sent mixed signals, but the failure of a Silicon Valley bank worried investors.

The Dow Jones industrial average closed down 345.22 points, or 1.07%, at 3,1909.64, falling for a fourth straight day and its longest losing streak since December. The S&P 500 closed down 1.45% at 3,861.59; The Nasdaq closed down 1.76 per cent at 11138.89.

Big tech stocks were down broadly, with the likes of Apple, Google and Amazon all down more than 1 percent.

Chip leaders broadly fell, with Nvidia and Applied Materials down more than 2 percent; Intel continued to buck the trend, rising nearly 3 percent.

New energy vehicle hot stocks fell broadly, with Tesla snapping a four-day losing streak and rising 0.27 percent; Rivian fell 2.55%, Faraday Future 11.04%; Nio fell 3.19%, Xiaopeng fell 1.33%; Ideal down 0.28%.

Among China's leading e-commerce stocks, Alibaba fell 0.49 percent, JD.com fell 2.90 percent and Pinduoduo rose 0.09 percent.

Among other popular Chinese stocks, Bilibili rose 5.96 per cent, Ctrip 3.00 per cent, New Oriental 2.75 per cent, AutoHome 1.58 per cent, Baidu 0.73 per cent, Zhihu 3.03 per cent, Manbang 2.02 per cent and BOSS Zhipin 1.08 per cent.

Specifically, here's how the major tech stocks in the U.S. performed:

Here are the major chip stocks in the U.S. :

Here are some of the top U.S. -listed stocks:

Silicon Valley Bank was shut down as insolvent by California regulators on Friday and taken over by the Federal Deposit Insurance Corporation. Adam Turnquist, chief technical strategist at LPL Financial, the investment bank, said: "The failure of the Silicon Valley bank sent a warning to the banking sector as bears came out of hibernation this week."

Karim El Nokali, an investment strategist at Schroders, said in a telephone interview that the positive aspects of the jobs report could be overshadowed by investor concerns about the banking sector.

The US Labour market continued to grow strongly in February, according to data from the Bureau of Labour Statistics, with non-farm payrolls rising 311,000, beating economists' expectations of 225,000.

But average hourly earnings rose "a little less than expected" in February, which is a positive development from an inflation perspective, Mr Nokari said.

Average hourly earnings rose 0.2 per cent in February from the previous month, below the 0.3 per cent increase economists had expected and down from January's 0.3 per cent gain. The unemployment rate rose to 3.6% in February as the labor force grew.

Fed Chairman Jerome Powell said earlier this week that "headline" data on employment and inflation will determine whether the Fed raises rates by another 50 basis points at its meeting later in March.

The yield on the two-year note fell 31.4 basis points to 4.586% on Friday. The yield on the 10-year Treasury note fell 22.8 basis points to 3.694%. The 2-10-year Treasury yield curve remains heavily inverted, which is one of the reasons the banking sector is in trouble.