U.S. stocks fell across the board, but memory chip stocks bucked the trend and rose
On July 23, the three major U.S. stock indexes collectively fell. As of the close, the Dow Jones Index fell 0.97% to 51,711.65 points; the S&P 500 Index fell 1.21% to 7,408.30 points; the Nasdaq Composite Index fell 2.15% to 25,137.69 points. The seven giants collectively fell, with Nvidia falling 1.56%, Apple falling 1.3%, Microsoft falling 2.24%, Amazon falling 4.57%, and Meta falling 3.36%. The Big Seven Technology Index fell 4.8%, with $797 billion in market value evaporated. The memory chip sector bucked the trend and rose.
On July 23, the three major U.S. stock indexes collectively fell. As of the close, the Dow Jones Index fell 0.97% to 51,711.65 points; the S&P 500 Index fell 1.21% to 7,408.30 points; the Nasdaq Composite Index fell 2.15% to 25,137.69 points. The seven giants collectively fell, with Nvidia falling 1.56%, Apple falling 1.3%, Microsoft falling 2.24%, Amazon falling 4.57%, and Meta falling 3.36%. The Big Seven Technology Index fell 4.8%, with $797 billion in market value evaporated. The memory chip sector bucked the trend and rose. SK Hynix and Micron Technology rose about 3%, and SanDisk rose nearly 2%. The settlement price of international crude oil futures closed sharply higher on the 23rd. Among them, the settlement price of the September contract of Brent crude oil futures rose by more than 7% to US$100.69 per barrel. The last time it was above US$100 was on May 22. As oil prices rise, expectations are growing that the Federal Reserve will raise interest rates sooner rather than later to control inflation. CME Group's "Fed Watch" tool shows that the market expects the probability of the bank to raise interest rates by 25 basis points next week is close to 36%. On the news front, the latest news shows that Trump said that he is seriously considering relaunching large-scale military operations in Iran, including more severe strikes than during "Epic Fury". Trump acknowledged the decision would have consequences and stressed he had not yet made a final decision. Trump gave no deadline for the decision. Two other U.S. officials confirmed that no orders had been received and no new instructions had been given to the military. Source market information and public reports