US Stock Thursday: The three major stock indexes have fallen for two consecutive days, while Chinese concept stocks have rebounded against the trend, and Intel has fallen below the trillion mark

On October 27th, it was reported that on Thursday, US time, the main stock indexes of the US stock market closed down, and the Nasdaq index further fell into the correction range. Previously, another batch of large technology stocks announced disappointing performance

On October 27th, it was reported that on Thursday, US time, the main stock indexes of the US stock market closed down, and the Nasdaq index further fell into the correction range. Previously, another batch of large technology stocks announced disappointing performance.

The Dow Jones Index closed at 32784.30 points, down 251.63 points, or 0.76%; The Standard&Poor's 500 Index closed at 4137.23, a decrease of 1.18%, setting its lowest closing price since May 24, 2023; The Nasdaq Index closed at 12595.61, a decrease of 1.76%, setting its lowest closing price since May 24, 2023.

Large technology stocks generally fell, with Microsoft and Meta falling more than 3%, Apple and Google falling more than 2%, and Amazon and Netflix falling more than 1%. Meta's Chief Financial Officer has warned that advertising revenue will slow down in the fourth quarter, after the company's third quarter financial report showed an increase in digital advertising revenue, exceeding analysts' expectations.

Leading chip stocks have fluctuated, with Nvidia falling more than 3% and its market value dropping to $996 billion, breaking the $1 trillion mark; Broadcom, AMD, and Meguiar experienced a decline of over 2%.

Most popular new energy vehicle stocks rose, with Tesla falling 3.14%, Rivian falling 4.99%, and Faraday rising 1.42% in the future; NIO rose 0.39%, Xiaopeng rose 3.33%, and Ideal rose 1.92%.

Among the leading e-commerce stocks in China, Alibaba rose 1.83%, JD.com rose 3.18%, and Pinduoduo rose 0.08%.

Among other popular Chinese concept stocks, Bilibili rose 1.61%, New Oriental rose 1.35%, Ctrip rose 1.24%, Baidu rose 0.61%, BOSS Direct Hire fell 3.16%, Zhihu fell 1.92%, Autohome fell 1.32%, and Manbang fell 0.29%.

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:

According to data released by the US Department of Commerce, the real gross domestic product (GDP) of the United States in the third quarter of 2023 grew at a quarter on quarter annualized rate of 4.9%, exceeding Wall Street's previous expectation of 4.7%.

Callie Cox, a US stock strategist at eToro, a trading platform, said that the latest data should help alleviate concerns about the imminent recession of the US economy, although there is still a possibility of a downturn in the US economy. He said, "The US economy showed incredible resilience last quarter. The growth was remarkable, mainly because Americans spent a lot of money

Analysts say that although the GDP report is stronger than expected, it remains to be seen whether consumers can maintain resilience in the coming quarters.

At the same time, the poor financial performance of some large technology companies in the United States continues to put pressure on the market.

The yield of US treasury bond bonds fell on Thursday, and the yield of 10-year US bonds fell 10.9 basis points to 4.843%. Earlier this week, the yield of 10-year US bonds briefly exceeded 5%, the first time since 2007.

(Liu Chun)