The Dow Jones index closed at 28210.82, down 97.97 points, or 0.35%, after rising more than 100 points earlier in the day. The standard & Poors 500 index fell 0.22% to 3435.56 and the Nasdaq composite index fell 0.28% to 11484.69.
Specifically, in the U.S. stock market trading on Wednesday, leading technology stocks rose or fell by 0.54% to $116.87, Googles parent company alphabet, up 2.40% to $1593.31, Amazon to $3184.94, Microsoft to $214.80, up 0.07%, Facebook to $278.73, up 4.17%, Oracle to $59.67, down 0.40% 13%; IBM closed at $115.06, down 1.97%; Netflix closed at $489.05, down 6.92%; Tesla closed at $422.64, up 0.17%; twitter rose 8.39%, Uber fell 3.06%; LYFT fell 1.87%.
Most of the leading chip stocks in the US stock market fell, with TSMC closing at US $87.64, down 0.70%; NVIDIA closing at US $540.99, down 0.88%; Intel closing at US $53.50, up 0.13%; ASMC closing at US $383.00, down 0.51%; Broadcom closing at US $372.05, down 1.31%; Qualcomm closing at US $128.55, up 0.19%; Texas Instruments closing at US $146.13, down 3.12%; AMD It closed at US $79.20, down 2.89%, applied materials fell 0.24%, and micron technology fell 0.41%.
Most of the major Chinese stocks listed in the United States rose, with Alibaba closing at $307.97, down 0.59%; Jingdong closing at $82.63, up 0.07%; Baidu closing at $134.84, up 3.66%; pinduoduo closing at $90.23, up 1.30%; bilibilibili closing at $45.16, down 0.18%; tal closing at $74.92, down 6.72%; iqiyi closing at $22.94, up 1.91% It closed at $71.23, down 30.80%; Weibo closed at $39.29, up 1.58%; Sina rose 0.45%; Sohu fell 0.32%; Sogou rose 0.00%; Ctrip fell 0.13%; 51job fell 1.42%; car home rose 2.25%; Weilai fell 0.36%; Jinshan cloud rose 0.59%, ideal car fell 5.37%.
Netflixs share price fell nearly 7% after it announced disappointing third quarter earnings and a lower than expected number of new users. Goldman Sachs and Boeing, the two worst performing companies in the Dow, fell 2.5% and 2% respectively.
Snap shares rose 28.3% after the social media company beat expectations in the third quarter. Snaps share price hit an all-time high, driving up the shares of Facebook, twitter and alphabet. An analyst at Deutsche Bank said in a report that snaps performance meant a big harvest in online advertising..
After falling 30.80%, Credit Suisse downgraded its stock from neutral to underweight and lowered its target price from $85 to $71.
In an interview with MSNBC on Wednesday, Pelosi said she hoped that both Democrats and Republicans would resolve the funding portion of the new coronavirus aid bill later in the day.
Because of the huge differences and the lack of time, it seems unlikely that Democrats and Republicans can reach an agreement before the election. More importantly, even if an agreement in principle is announced in the next few days, it is very unlikely that it will be passed before election day.
David Bahnsen, chief investment officer of investment firm Bahnsen group, said: the volatility of the political negotiations around the stimulus package, coupled with the persistence of election uncertainty, provides additional reason for short-term market instability. (Liu Chun)
Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279