U.S. stocks hit their biggest weekly decline since 2008, with gains and losses ranging from apple to Google

category:Internet
 U.S. stocks hit their biggest weekly decline since 2008, with gains and losses ranging from apple to Google


Us chip stocks were mixed, with Intel closing at US $55.52, down 0.56%; Qualcomm closing at US $78.30, up 3.11%; Broadcom closing at US $272.62, down 0.49%; Texas Instruments closing at US $114.14, up 0.89%; micron technology closing at US $52.56, up 3.91%; NVIDIA closing at US $270.07, up 6.92%, am D closed up 3.34% at $45.48.

All three US benchmark indexes closed in the correction range on Thursday, falling at least 10% from their recent highs, but no more than 20%.

This week, the Dow fell 12.4%, the S & P 500 fell 11.5%, and the NASDAQ fell 10.5%. In February, the Dow fell 10%, the S & P 500 8.4% and the NASDAQ 6.4%.

In novel coronavirus, Powell, the US Federal Reserve Chairman, said in a short statement Friday afternoon that the JeromePowell is closely watching the spread of the new coronavirus, which may lead to the risk of slowing economic growth. The announcement sparked some optimism in investment as the Feds rate cut will help boost the economy. Affected by the news, U.S. stocks rebounded at the end of the day.

Still, major U.S. stock indexes are under pressure to worry about the outbreak as investors try to bottom out this months losses.

At present, despite increasingly strong measures taken by countries, new cases of infection continue to increase, with New Zealand and Nigeria being the latest countries to report cases.

However, there are signs that some investors are returning to the market.

I told investors to stay calm because it was an opportunity, she said

James Bullard, chairman of the St. Louis fed, spoke Friday in Fort Smith, Arkansas. He said if the novel coronavirus pneumonia pandemic is really happening, it may further reduce interest rates. On Friday, Dallas Fed chairman Robert Kaplan also said he would be ready to judge whether a rate cut is necessary when the Feds interest rate Committee meets again on March 17-18.

(Liu Chun)