US stock market Monday: All three major stock indices fell, with Apple falling nearly 1%

On Monday, June 6th, US time, the main stock indexes of the US stock market closed down, failing to continue last week's strong upward trend, and technology stocks fell from their highs this year. Investors are paying attention to the Federal Reserve's policy meeting next week

On Monday, June 6th, US time, the main stock indexes of the US stock market closed down, failing to continue last week's strong upward trend, and technology stocks fell from their highs this year. Investors are paying attention to the Federal Reserve's policy meeting next week.

The Dow Jones Index closed at 33562.86 points, down 199.90 points, or 0.59%; The Standard&Poor's 500 Index closed at 4273.79, down 0.20%; The Nasdaq Index closed at 13229.43, down 0.09%.

Most large technology stocks rose, with Google gaining more than 1%; Apple and Meta both fell by no more than 1%. Previously, due to market expectations for Apple's hybrid reality headworn devices, Apple's stock price rose by 2% during the session, setting a new historical high.

Leading chip stocks generally fell, with Intel falling more than 4%, Qualcomm, Texas Instruments, and Micron falling more than 2%, and NVIDIA falling less than 1%.

Most popular new energy vehicle stocks rose, with Tesla rising 1.70%, Rivian falling 0.97%, and Faraday rising 13.33% in the future; NIO rose 1.46%, Xiaopeng rose 0.12%, and Ideal rose 2.24%.

Among the leading e-commerce stocks in China, Alibaba rose 0.15%, JD.com rose 2.43%, and Pinduoduo fell 2.13%.

Among other popular Chinese concept stocks, BOSS Direct Employment fell 4.95%, Manbang fell 3.17%, New Oriental fell 2.85%, Autohome fell 2.67%, Bilibili fell 2.28%, Ctrip fell 1.34%, Zhihu fell 0.95%, and Baidu fell 0.88%.

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:

The recent gains in US stocks have mainly come from large technology stocks, which have driven the overall stock market up. Apple is one of them, with its stock price hitting a new intraday high on Monday. However, in the last hour or so of trading, it failed to sustain these gains and closed down nearly 1%.

Investors will continue to pay attention to US economic data to help them determine whether the Federal Reserve will "skip" rate hikes at next week's June 13-14 policy meeting or continue to implement the rate hike plan, making it have a greater impact on the economy.

Saira Malik, Chief Investment Officer of investment firm Nuveen, stated that as the "inhibitory effect of tightening monetary policy on economic growth" takes effect in the economy, she expects a recession in the United States to occur at some point in 2024.

She said, "In the case where high inflation is likely to persist, we believe that investing in physical assets that can provide effective inflation protection will be beneficial for investors

(Liu Chun)