Oil prices rebounded and inflation data remained high, and the three major U.S. stock indexes fell across the board on Thursday, with the Dow down more than 400 points.
Apple down 4%
The Dow is at 32,849 points, down 436 points or 1.31%; the benchmark index is at 4,212 points, down 65 points or 1.54%; the Nasdaq is at 12,958 points, down 296 points or 2.24%.
Major tech stocks fell sharply, with Apple down 4 percent.
The decline of US stocks intensifies
The Dow is at 32,943 points, down 342 points or 1.03%; the benchmark index is at 4,223 points, down 54 points or 1.27%; the Nasdaq is at 12,995 points, down 260 points or 1.96%.
China concept stocks fell rapidly
U.S. stocks were still soft in the early session. The Dow Jones Industrial Average was at 33,145 points, down 140 points or 0.42%; the benchmark index was at 4,250 points, down 27 points or 0.64%; the Nasdaq Composite was at 13,117 points, down 138 points or 1.04%.
Chinese stocks fell sharply, with JD.com down 13.94%, Alibaba down 7.43%, and Pinduoduo down 14.3%.
The night futures of the Hang Seng Index are now at 20,392 points, down 399 points, with a discount of 498 points.
[22:31] US stocks opened lower by about 1%
US stocks opened, as expected, the Dow fell 1.02%, the Nasdaq fell 1.19%, and the S&P 500 fell about 1%.
JD.com posted a net loss of 5.2 billion yuan in the fourth quarter of last year, turning from profit to loss year-on-year. U.S. stocks opened 15% lower at $53.01.
Rival Alibaba also fell 7.2 percent to $93.67.
The Hang Seng Index is now at 20,407 points at night, down 384 points, at a low of 483 points.
[22:15] US stock futures fell more than 1%
The lack of progress in the negotiations between Russia and Ukraine, coupled with the fact that U.S. inflation continued to hit a 40-year high in February, affected investor sentiment, and the three major U.S. stock index futures fell by more than 1%.
Dow futures fell 1.17%, S&P 500 futures fell 1.18%, and Nasdaq 100 futures fell 1.45%.
JD.com plunged 10.42% to $55.9 in pre-market trading. The company’s fourth-quarter revenue increased by 23%, with an adjusted profit of 3.6 billion yuan.
The Hang Seng Index is now at 20,567 points at night, down 224 points, at a 323-point discount to water.