US stock market on Thursday: Faraday is down nearly 23% in the future, while Alibaba is down more than 9%

On November 17th, it was reported that on Thursday, US stocks closed with mixed gains and losses in major stock indices. Investors are paying attention to the financial reports of large retailers and a series of weak economic data in the United States

On November 17th, it was reported that on Thursday, US stocks closed with mixed gains and losses in major stock indices. Investors are paying attention to the financial reports of large retailers and a series of weak economic data in the United States.

The Dow Jones Index closed at 34945.47 points, down 45.74 points, or 0.13%, ending four consecutive days of gains; The Standard&Poor's 500 Index closed at 4508.24, up 0.12%, reaching its highest level since September 1st of this year; The Nasdaq Index closed at 14113.67, up 0.07%, reaching its highest point since August 1st of this year.

Most large technology stocks rose, with Google, Microsoft, and Netflix up more than 1%, and Apple up nearly 1%.

Most of the leading chip stocks rose, with Intel and ARM rising more than 3%, while Qualcomm and Texas Instruments rose more than 1%.

Leading chip stocks have fluctuated, with Intel up more than 6%. Analysts at Mizuho Securities have raised their rating on Intel from "neutral" to "buy", and the target price has been raised from $37 to $50; NVIDIA and AMD rose by over 1%. Nvidia has achieved 11 consecutive gains, setting a new historical closing high.

The popularity of new energy vehicles generally declined, with Tesla falling 3.81% and Rivian falling 4.93%; Faraday's future decline is 22.65%, with a market value of less than $30 million; NIO fell 6.80%, Xiaopeng fell 6.67%, and Ideal fell 4.10%.

Among the leading e-commerce stocks in China, Jack Ma Family Trust plans to reduce its holdings by 10 million shares, causing Alibaba to decline by 9.14%; JD.com fell 1.78%, while Pinduoduo fell 1.20%.

Among other popular Chinese concept stocks, Bilibili fell 7.63%, Manbang fell 3.49%, Baidu fell 3.15%, BOSS Direct Employment fell 3.01%, Autohome fell 1.55%, Ctrip fell 1.20%, New Oriental rose 1.80%, and Zhihu rose 1.00%.

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:

Peter Cardillo, Chief Market Economist at Spartan Capital Securities, said that given the recent strong rebound, it is not surprising that the stock market lacks upward momentum. He said, "Today, we have a lot of macro news about economic activity, most of which is negative, but it is good for the Federal Reserve because the economy is slowing down, which is exactly what the Federal Reserve wants

Investors also paid attention to the speeches of Federal Reserve officials. Federal Reserve Governor Lisa Cook stated that inflation can continue to decline without a sharp increase in unemployment, but warned that a "soft landing" of the US economy is "not guaranteed". The Governor of the Cleveland Federal Reserve Bank, Loretta Mester, stated that easing monetary policy is "currently outside the scope of discussion".

The recent signs of cooling inflation, increasing layoffs, and slowing employment growth in the United States have reinforced expectations that the Federal Reserve may have implemented the last rate hike of the current cycle in July.

In terms of economic data, Thursday's release of the number of first weekly claims for unemployment benefits in the United States showed that the number of claims for unemployment benefits jumped to a three-month high last week, marking the latest sign of a cooling in the US labor market. (Liu Chun)