US Equities Thursday: Large tech stocks have diverged in performance, with Naifei rising over 16% and Tesla falling nearly 9%

On October 20th, it was reported that on Thursday, US time, the main stock indexes of the US stock market continued to decline across the board. The yield of 10-year US treasury bond bonds is close to 5%; After Federal Reserve Chairman Powell delivered a speech in the afternoon, there was a round of volatility in US stocks

On October 20th, it was reported that on Thursday, US time, the main stock indexes of the US stock market continued to decline across the board. The yield of 10-year US treasury bond bonds is close to 5%; After Federal Reserve Chairman Powell delivered a speech in the afternoon, there was a round of volatility in US stocks.

The Dow Jones Index closed at 33414.17 points, down 250.91 points, or 0.75%; The Standard&Poor's 500 Index closed at 4278, down 0.85%; The Nasdaq Index closed at 13186.18, a decrease of 0.96%.

Large technology stocks fluctuated, with Amazon, Microsoft, and Netflix rising, with Netflix rising more than 16%; Apple, Google, and Meta fell, with Meta falling more than 1%.

Leading chip stocks have fluctuated, with TSMC, Intel, and Qualcomm rising, with TSMC rising by over 3%; NVIDIA, Broadcom, Applied Materials and ARM fell, with Applied Materials and ARM falling by over 4%.

Popular stocks of new energy vehicles generally fell, with Tesla falling 9.30%, Rivian falling 5.14%, and Faraday falling 32.18% in the future; NIO fell 2.78%, while Xiaopeng fell 1.23%; Ideal fell by 1.13%.

Among the leading e-commerce stocks in China, Alibaba fell 1.69%, JD.com fell 3.13%, and Pinduoduo fell 1.20%.

Among other popular Chinese concept stocks, Zhihu rose 1.98%, Ctrip rose 0.33%, Baidu fell 5.97%, Autohome fell 3.01%, Man Bang fell 1.85%, New Oriental fell 1.68%, Bilibili fell 1.24%, and BOSS Direct Employment fell 0.33%.

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:

On Thursday, US time, investors focused on the US bond market. The 10-year US Treasury yield rose 8.5 basis points to 4.987%, less than a basis point from the important psychological barrier of 5%, setting its highest level since July 20, 2007.

After Powell's speech, US bond yields fell slightly. Powell stated that the Federal Reserve may need to take more measures to control inflation, but also stated that policymakers will be cautious - analysts believe this is a signal that policy interest rates will remain unchanged in the near future.

David Russell, head of global strategy at TradeStation, a trading platform, said: "Powell continues to take a middle ground between hawks and doves. The Federal Reserve is still unsure if it has done enough

The US labor market data released on Thursday was stronger than expected, with the number of people applying for unemployment benefits dropping to 198000 last week, the lowest point in nearly nine months, breaking expectations of an increase in layoffs due to the impact of rising interest rates on the economy. (Liu Chun)