U.S. Stock Market
The three major U.S. stock indexes closed lower collectively. The Dow Jones Industrial Average fell 444.23 points (-0.99%) to 44,303.40. The S&P 500 dropped 57.58 points (-0.95%) to 6,025.99, while the Nasdaq Composite declined 268.59 points (-1.36%) to 19,523.40.
Large-cap technology stocks saw widespread losses:
- Amazon fell more than 4%, marking its biggest one-day drop since December 18, 2024.
- Tesla and Google declined over 3%, while Apple slipped more than 2%.
- Microsoft and Intel dropped over 1%, while Netflix saw a slight decline.
- Nvidia and Meta posted slight gains.
Tesla has now fallen nearly 11% this week, marking its worst weekly performance since October 2024.
On the other hand, Chinese stocks performed well, with the Nasdaq China Golden Dragon Index rising 1.34%.
- Futu Holdings surged over 8%, while Tiger Securities gained over 6%.
- Li Auto and Alibaba rose more than 4%.
- iQIYI gained over 3%, while Bilibili and Pinduoduo rose over 2%.
European Stock Market
The three major European stock indexes also ended the day lower:
- FTSE 100 (London): 8,700.53 (-0.31%)
- CAC 40 (Paris): 7,973.03 (-0.43%)
- DAX (Frankfurt): 21,787.00 (-0.53%)
Commodity Market
Oil and gold prices rose:
- Light crude oil futures (March delivery) increased $0.39 (+0.55%) to $71.00 per barrel.
- Brent crude oil futures (April delivery) rose $0.37 (+0.50%) to $74.66 per barrel.
- COMEX gold futures gained $10.90 (+0.38%) to $2,887.60 per ounce.
