NEWS

US stocks closed down across the board on Tuesday: Apple fell 3%, Bilibili fell 1.61%



Naija Tech News (NTN) on 12, and in content, US stocks closed down across the board on Tuesday: Apple fell 3%, Bilibili fell 1.61%, apple, stocks, US, US stocks .

On August 12, according to foreign media reports, on Tuesday, US time, as some major technology stocks intensified their decline towards the end of the trading session, the S&P 500 index closed down, ending the previous seven consecutive trading days of gains.

The Dow Jones Industrial Average closed at 27686.91 points, down 104.53 points, or 0.38%, and rose more than 300 points during the session. The S&P 500 index closed at 3333.69 points, down 0.80%, its worst day since July 23 this year. Earlier in the day, the index rose 0.6%. The Nasdaq Composite Index closed at 10,782.82 points, down 1.69%, and has fallen for three consecutive trading days.

In US stocks trading on Tuesday, leading technology stocks generally fell. Apple shares closed at US$437.50, down 2.97%; Google parent company Alphabet’s share price closed at US$1,480.32, down 1.05%; Amazon closed at US$3080.67, down 2.14%; Microsoft closed at 203.38 US dollars, down 2.34%; Facebook closed at 256.13 US dollars, down 2.61%; Oracle closed at 54.27 US dollars, down 1.22%; IBM closed at 126.75 US dollars, down 0.28%; Netflix closed at 466.93 US dollars, down 3.40% ; Tesla closed at 1374.39 US dollars, down 3.11%; Twitter (Twitter) fell 0.43%, Uber (Uber) fell 3.28%; Lyft fell 1.29%.

The leading chip stocks in US stocks generally fell. TSMC closed at US$77.94, down 2.42%; NVIDIA closed at US$434.00, down 2.82%; Intel closed at US$48.19, down 2.09%; Broadcom closed at US$324.03, down 1.02%; Qualcomm Closed at 108.83 US dollars, up 2.32%; Texas Instruments closed at 136.04 US dollars, up 0.47%; AMD closed at 76.88 US dollars, down 6.52%; Applied Materials fell 1.20%; Micron Technology fell 2.83%.

Most major Chinese concept stocks listed in the United States fell. Alibaba closed at US$248.42, up 0.12%; JD.com closed at US$61.18, down 0.50%; Pinduoduo closed at US$87.27, down 0.30%; Bilibili closed at 40.34 US dollar, down 1.61%; Good Future closed at 74.89 US dollars, up 1.20%; iQiyi closed at 22.11 US dollars, down 1.73%; GSX closed at 98.02 US dollars, up 1.51%; Weibo closed at 35.10 US dollars, down 0.74 %; Sina fell 0.48%; Sohu rose 1.09%; Sogou rose 0.00%; Ctrip rose 0.92%; 51job fell 3.36%; Autohome rose 0.39%; 58.com fell 0.05%; Weilai fell 8.59%; Jinshan Cloud It fell 3.06%, and Ideal Auto fell 2.56%.

Earlier in the day, the index and the Dow both moved higher. Russian President Vladimir Putin announced that the country’s regulatory agencies have approved the world’s first new crown vaccine. Although people doubt that Russia has developed a safe new crown vaccine so quickly, the news has sparked investor optimism.

An executive of Johnson & Johnson in the United States also told the media that if the company’s new crown vaccine candidate proves successful, it is expected to produce 1 billion doses next year.

Jeff Buchbinder, an equity strategist at financial services company LPL Financial, said in a report: “The market is looking forward to a better day in the future. Although it is not yet certain when it will come, the stock market is expressing Confidence: The emergence of one or more vaccines will finally end the epidemic.”

Last weekend, investment bank Goldman Sachs raised its forecast for US economic growth and predicted that the United States will approve at least one vaccine by the end of this year, and the vaccine will be widely vaccinated before the second quarter of next year.

At the same time, the future of the pandemic stimulus plan designed to provide support to Americans during the pandemic is still uncertain, and investors are still uneasy.

US Treasury Secretary Steven Mnuchin said on Monday that the White House is open to resuming negotiations with the Democrats on aid negotiations for the new crown virus and opening more relief funds to reach a compromise. However, US Senate Majority Leader Mitch McConnell (Mitch McConnell) said on Tuesday that negotiations with Democrats have reached a deadlock.

Last weekend, Trump signed four executive orders to extend some of the aid during the new crown epidemic, including providing additional unemployment benefits, suspending the collection of payroll taxes, postponing the repayment of student loans, and suspending tenants’ evictions.

DOWNLOAD Our Mobile App



If you think this post can be helpful to somebody else, please share it on Twitter, Facebook or Whatsapp it to friends. There are buttons below for this (easy to use too)! Join Over 5,000 + Readers. Get a free daily update via Email HERE


For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow Naijatechnews' FacebookTwitter, Instagram & Telegram. Subscribe our Google News, & YouTube Cannel.

YOU MAY LIKE

Download Netify VPN Apk 2019 For Android 1

Click to comment ❤️

Leave a Reply

2 × 4 =



Note: off comments will be trashed and you will be marked as Spam! use contact us, if it's required.

TRENDING POSTS

Copyright © 2020 Naijatechnews. All rights reserved.Technology is developing very rapidly. We’ll keep you posted on all the latest news in technology and lifestyle. Spread the word!

To Top