U.S. stocks fell across the board on Tuesday: apple fell 3percent and Weilai fell 8.6percent

 U.S. stocks fell across the board on Tuesday: apple fell 3percent and Weilai fell 8.6percent

In U.S. stock trading on Tuesday, leading technology stocks generally fell, with Apple shares closing at $437.50, down 2.97%; Googles parent company, alphabet, closed at $1480.32, down 1.05%; Amazon at $3080.67, down 2.14%; Microsoft at $203.38, down 2.34%; Facebook at $256.13, down 2.61%; Oracle at $54.27, down 1.22%; IBM closed at $54.27, down 1.22% At $126.75, it fell 0.28%; Netflix closed at $466.93, down 3.40%; Tesla closed at $1374.39, down 3.11%; twitter fell 0.43%, Uber fell 3.28%; LYFT fell 1.29%.

Leading chip stocks in the US stock market generally fell, with TSMC closing at US $77.94, down 2.42%, NVIDIA closing at US $434.00, down 2.82%, Intel closing at US $48.19, down 2.09%, Broadcom closing at US $324.03, down 1.02%, Qualcomm closing at US $108.83, up 2.32%, Texas Instruments closing at US $136.04, up 0.47%, amd closing at US $76.88, down 6.52%, and applied materials Materials companies fell 1.20%; Meguiar technology fell 2.83%.

A senior executive of Johnson & Johnson also told the media that if the companys candidate new crown vaccine proves successful, it is expected to produce 1 billion doses next year.

The market is looking forward to a better future, Jeff Buchbinder, equity strategist at financial services firm LPL financial, said in a report. Although it is not yet certain when it will come, the stock market is expressing confidence that the emergence of one or more vaccines will eventually end the epidemic.

Over the weekend, Goldman Sachs, an investment bank, raised its forecast for U.S. economic growth and predicted that the United States would approve at least one vaccine by the end of this year, with widespread vaccination by the second quarter of next year.

At the same time, the uncertain future of an outbreak stimulus program designed to support Americans during the outbreak continues to unsettle investors.

U.S. Treasury Secretary Steven mnuchin said on Monday that the White House is open to resuming negotiations with Democrats on new coronavirus aid and opening more relief funds to reach a compromise. However, Mitch McConnell, the majority leader in the US Senate, said on Tuesday that talks with Democrats were at an impasse.

At the end of last week, trump signed four executive orders to extend some assistance during the outbreak of the new crown, including the provision of additional unemployment benefits, the suspension of payroll tax, the postponement of repayment of student loans and the suspension of eviction of tenants.

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541