Financial News
Written by: Gao Jiangjin and Cao Jiajun
2021-02-23 22:58
The last update date: 2021-02-24 02:22
The three major U.S. stock indexes opened lower on February 23. The Nasdaq fell more than 3% in early trading, and the weighted technology stocks collectively fell.
[01:00] The Nasdaq reported 13,243 points, down 289 points, or 2.14%.
The Dow fell 158 points to 31363 points, a decrease of 0.50%.
The index reported 3842 points, down 33 points, or 0.87%.
[00:00] The Nasdaq’s decline narrowed further and reported 13,400 points, down 132 points, or 0.98%.
The Dow fell 43 points to 31,478 points, and the standard index reported 3866 points, down 9 points.
[23:13] Nasdaq's decline narrowed
The Nasdaq’s decline narrowed, with the latest reported at 13,205 points, down 329 points, the Dow fell 208 points to 31,313 points, and the S&P index reported 3837 points, down 39 points.
Tesla, an electric car manufacturer, had fallen by more than 13% in the early stages, and was last reported at $670.11, down 6.5%.
Facebook rose 1% to 262.97 US dollars, Apple’s latest report was 122.19 US dollars, down 3%.
Microsoft fell 1.3% to $231.58.
Exxon’s latest report was 54.94 US dollars, up 1.2%.
The VIX index, which reflects the investor panic index, was last reported at 26.23, up 11.86%.
As for the continued rise in U.S. bond yields, the 10-year U.S. Treasury bond yield was last reported at 1.38%, an increase of 1 basis point.
[23:01] Electric car stocks have fallen
Electric vehicle stocks fell one after another. Tesla fell more than 13%, and its market value fell below US$600 billion; Weilai fell more than 15%; Xiaopeng and Ideal fell more than 11%.
Popular Chinese concept stocks plummeted across the board. NIO and Baidu fell 10%, Shell fell more than 8%, Xiaopeng Motors fell more than 7%, Station B fell more than 5%, Pinduoduo fell more than 4%, Ali and TSMC fell more than 3 %.
[22:45] The Nasdaq defended 13000 points
The Nasdaq fell to the edge of 13,000 points, a decline of more than 500 points, and the latest report was 1,314 points, down 389 points.
The latest S&P 500 index reported 3828 points, down 48 points, and the Dow Index latest reported 31270 points, down 251 points.
Take the five major technology stocks "FAANG" as an example. Facebook fell 0.42%; Apple fell 2.31%; Amazon fell 2.23%; Netflix fell 1.54%; Google fell 2.26%.
In addition, Tesla fell 10.24%.
Fed Chairman Jerome Powell will attend the hearings of the Senate Banking Committee and the House of Representatives Financial Services Committee on the 23rd to give testimony on the semiannual monetary policy report.
Considering that Bitcoin may threaten the status of legal tender, Powell may follow Yellen to make negative comments about Bitcoin.
U.S. stocks