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US stock market on Tuesday: All three major stock indices fell, popular Chinese concept stocks generally fell, and Alibaba fell more than 3%

internet 2023-05-24 08:19:06 Source: NetEase Technology Report Beijing

On May 24th, it was reported that on Tuesday, the main stock indexes of the US stock market closed lower due to the deadlock in negotiations between the White House and Congress to raise the debt ceiling.The Dow Jones Index closed at 33055

On May 24th, it was reported that on Tuesday, the main stock indexes of the US stock market closed lower due to the deadlock in negotiations between the White House and Congress to raise the debt ceiling.

The Dow Jones Index closed at 33055.51 points, down 231.07 points, or 0.69%; The Standard&Poor's 500 Index closed at 4145.58, a decrease of 1.12%; The Nasdaq Index closed at 12560.25, a decrease of 1.26%.


Large technology stocks generally fell, with Google falling more than 2% and Apple, Microsoft, and Netflix falling more than 1%. According to reports, the European Union's antitrust regulatory agency's appeal against Apple Inc. opened today, demanding that the latter continue to pay 13 billion euros (approximately $14 billion) in taxes.

Most of the leading chip stocks fell, with Intel and Asma falling more than 2%, while TSMC, NVIDIA, Qualcomm, and Applied Materials fell more than 1%. According to the news, Intel plans to launch its self-developed AI chip FalconShores in 2025.

Most popular new energy vehicle stocks fell, with Tesla falling 1.64%, Rivian falling 0.21%, and Faraday rising 3.88% in the future; NIO fell 0.46%, Xiaopeng fell 3.19%, and Ideal fell 2.41%. Faraday Future announced a press conference on May 31st Beijing time, which will introduce the delivery plan of the FF91 model.

Among the leading e-commerce stocks in China, Alibaba fell 3.74%, JD.com fell 2.64%, and Pinduoduo fell 1.76%.

Among other popular Chinese concept stocks, Bilibili fell 4.26%, iQiyi fell 3.86%, Baidu fell 3.49%, BOSS Direct Hire fell 3.26%, Ctrip fell 2.80%, Zhihu fell 1.92%, New Oriental fell 1.02%, and Manbang fell 0.17%.

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:

US President Biden and House Speaker McCarthy called Monday's meeting productive. However, the hope of both sides reaching an agreement on the debt ceiling remains slim. McCarthy told Republicans that negotiations on the debt ceiling still have some way to go.

Kristina Hooper, Chief Global Market Strategist at Jingshun, said she believes there is indeed a possibility of a brief technical default, which is more likely reflected in bond prices than in the stock market. She said, "The negotiating parties have become more pessimistic. In my opinion, this indicates that we will see more market turbulence in the coming days

On Tuesday, Governor of the Minneapolis Federal Reserve, Neel Kashkari, stated that if inflation becomes more entrenched, the Federal Reserve may maintain its benchmark interest rate at a high level for a longer period of time.

(Liu Chun)

Tag: fell stock US market on Tuesday All three major


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