The Nasdaq closed down, memory chip stocks suffered setbacks, and the semiconductor sector closed down across the board. San Disk fell more than 10%, SK Hynix fell more than 8%, Intel fell more than 7%, and Micron Technology and Western Digital fell nearly 7%
In the early morning of July 25, Beijing time, the three major U.S. stock indexes closed with mixed gains. The Dow Jones Industrial Average closed at 51947.25 points, up 0.46%; the Nasdaq closed at 24975.82 points, down 0.64%; the S&P 500 closed at 7411.98 points, up 0.05%. Large technology stocks were mixed, with the Wind Seven U.S. Technology Big Index rising 0.27%.
In the early morning of July 25, Beijing time, the three major U.S. stock indexes closed with mixed gains. The Dow Jones Industrial Average closed at 51947.25 points, up 0.46%; the Nasdaq closed at 24975.82 points, down 0.64%; the S&P 500 closed at 7411.98 points, up 0.05%. Large technology stocks were mixed, with the Wind Seven U.S. Technology Big Index rising 0.27%. In terms of popular stocks, Apple rose 3.53%, Google rose 0.24%, and Microsoft rose 0.03%; Amazon fell 0.66%, Nvidia fell 0.92%, Facebook fell 1.80%, Tesla fell 2.08%, and SpaceX fell 2.68%. Memory chip stocks were hit hard, the semiconductor sector closed down across the board, and the Philadelphia Semiconductor Index fell 4.25%. SanDisk fell 10.79%, leading the decline among S&P 500 stocks. SK Hynix fell 8.81%, Intel fell 7.89%, Micron Technology fell 6.99%, Western Digital fell 6.90%, Teradyne fell 6.38%, and AMD Semiconductor fell 3.29%. From a macro perspective, the U.S. job market remains resilient, with the number of initial jobless claims in the U.S. falling to the lowest level since 1969. The market expects the Federal Reserve to focus on curbing inflation. At the same time, continued tensions in the Middle East have led to rising oil prices, triggering market concerns that inflation may re-accelerate. These will raise expectations for interest rate hikes and put pressure on the U.S. stock market.