U.S. chip stocks fell sharply late at night, SK Hynix fell 13%, Space X closed for the first time, and Chinese concept stocks bucked the trend and strengthened
On Thursday (July 16) local time, the three major U.S. stock indexes closed down across the board, with the Dow Jones Industrial Average falling 0.2%, the S&P 500 Index falling 0.51%, and the Nasdaq Composite Index falling 1.47%. Most large technology stocks fell. Google fell by more than 4%, Facebook and Nvidia fell by more than 2%, Amazon fell by nearly 2%, and SpaceX fell by more than 3%. The closing price was lower than the IPO price for the first time.
On Thursday (July 16) local time, the three major U.S. stock indexes closed down across the board, with the Dow Jones Industrial Average falling 0.2%, the S&P 500 Index falling 0.51%, and the Nasdaq Composite Index falling 1.47%. Most large technology stocks fell. Google fell by more than 4%, Facebook and Nvidia fell by more than 2%, Amazon fell by nearly 2%, and SpaceX fell by more than 3%. The closing price was lower than the IPO price for the first time. Chip stocks generally fell, with the Philadelphia Semiconductor Index falling 4.29%. Memory chip concepts continued to lead the decline. SK Hynix fell more than 13%, SanDisk fell more than 12%, Seagate Technology fell 10%, Western Digital fell more than 9%, and Micron Technology fell more than 5%. In addition, Marvell Technology fell by more than 8%, Intel fell by nearly 6%, ARM fell by more than 5%, and AMD Semiconductor fell by more than 5%. Most Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 1.79%. In terms of popular Chinese concept stocks, Tencent Music and iQiyi rose by more than 4%, Bilibili rose by nearly 4%, and Yum China, Miniso, Vipshop, and Beike rose by more than 2%. In terms of commodities, COMEX gold futures closed down 1.77% at US$3,979.9 per ounce; COMEX silver futures closed down 2.9% at US$55.765 per ounce. The settlement price of WTI crude oil futures closed at US$78.95/barrel, a decrease of 0.82%. The settlement price of Brent crude oil futures closed at US$84.23 per barrel, a decrease of 0.85%. Major cryptocurrencies generally fell, with Bitcoin falling more than 1% to US$64,185.9 per coin. In the past 24 hours, more than 70,000 people liquidated their positions in the market. According to Xinhua News Agency, the U.S. Central Command posted on social media on the 16th that at 14:00 Eastern Time on the 16th, the U.S. military launched a new round of strikes against Iran for the "sixth consecutive night" to further weaken Iran's military capabilities. Earlier on the 16th, U.S. White House Press Secretary Levitt said at a White House press conference that Iran is still actively communicating with the United States and expressed its hope to reach an agreement with the United States, and the United States is indeed communicating with Iran. She also shifted the responsibility for the U.S. attack on Iran to Iran, saying that Iran violated the U.S.-Iran memorandum of understanding and opened fire on merchant ships passing through the Strait of Hormuz, and the U.S. could not "sit idly by". The latest data from CME's "Fed Watch" shows that the probability of the Fed keeping interest rates unchanged in July is 88.8%, and the probability of raising interest rates by a cumulative 25 basis points is 11.2%. The probability that the Fed will keep interest rates unchanged until September is 48.8%, the probability of a cumulative interest rate hike of 25 basis points is 46.2%, and the probability of a cumulative 50 basis point interest rate hike is 5.1%. (