US Stocks Wednesday: Tech stocks led the decline, most popular Chinese concept stocks fell, while Xiaopeng fell more than 10%

On October 19th, it was reported that on Wednesday US time, the main stock indexes of the US stock market closed down, with technology stocks leading the decline. The US bond yield has reached a nearly 16 year high, while investors have digested more corporate financial reports

On October 19th, it was reported that on Wednesday US time, the main stock indexes of the US stock market closed down, with technology stocks leading the decline. The US bond yield has reached a nearly 16 year high, while investors have digested more corporate financial reports. The geopolitical anxiety caused by the escalation of violence in the Middle East has also dampened market sentiment.

The Dow Jones Index closed at 33665.08 points, down 332.57 points, or 0.98%, ending three consecutive days of gains; The Nasdaq Index closed at 13314.30, a decrease of 1.62%, marking the second consecutive day of decline; The Standard&Poor's 500 Index closed at 4314.60, a decrease of 1.34%, marking its second consecutive day of decline.

Large technology stocks generally fell, with Amazon, Meta, and Netflix all falling more than 2%, and Google falling more than 1%.

Most of the leading chip stocks fell, with Asma falling more than 4%, Nvidia falling more than 3%, and AMD falling more than 2%.

Most popular new energy vehicle stocks fell, with Tesla falling 4.78%, Rivian falling 9.10%, and Faraday rising 26.09% in the future; NIO fell 7.27%, while Xiaopeng fell 10.27%; Ideal fell 1.95%.

Among the leading e-commerce stocks in China, Alibaba fell 1.07%, JD.com fell 2.89%, and Pinduoduo rose 0.46%.

Among other popular Chinese concept stocks, Zhihu remained unchanged from the previous trading day, Bilibili fell 4.24%, Baidu fell 4.22%, Autohome fell 1.93%, BOSS Direct Hire fell 1.92%, Manbang fell 1.27%, Ctrip fell 0.63%, and New Oriental fell 0.11%.

Specifically, the main technology stocks in the US stock market performed as follows:

The main chip stocks in the US stock market perform as follows:

The performance of popular Chinese concept stocks listed in the United States is as follows:

FactSet data shows that on Wednesday, US time, the yield of long-term US treasury bond hit a 16 year and 17 year high again, and the yield of 30-year treasury bond rose 4.2 basis points to 4.993%; The yield on the 10-year treasury bond bond rose 5.6 basis points to 4.902%.

On Tuesday, it was reported that an explosion occurred at a hospital in Gaza, causing hundreds of deaths and worsening investor sentiment. This raises concerns that the war between Israel and Hamas may involve other armed forces in the region.

The US economic data released on Wednesday showed that the annualized monthly rate of new home starts in September was 7%, reaching 1.36 million units, after a significant decrease of 1.5% in the previous month's new home starts.

On Wednesday, US time, the Federal Reserve released its Economic Situation Survey Beige Book, predicting a slight slowdown in US economic growth in the short term, while labor market tensions across the country continue to ease. (Liu Chun)