In the early morning of the 7th, Beijing time, US stock closed down on Tuesday, the Dow Jones Industrial Average fell 350 points, and S&P 500 index recorded its fourth consecutive trading day decline. The market is still evaluating the impact of recent economic data on the monetary policy of the Federal Reserve and is concerned that strong economic data will make the Federal Reserve adhere to radical monetary policy, thereby achieving the goal of cooling the economy to curb inflation.
Dow Jones closed down 350.76 points, or 1.03%, to 33,596.34 points; the Nasdaq fell 225.05 points, or 2.00%, to 11,014.89 points; the S&P 500 fell 57.58 points, or 1.44%, to 3,941.26 points.
US stocks continued Monday's big decline on Tuesday. The November ISM service industry index released by the United States on Monday exceeded expectations and showed that wages continued to grow, which made the market worried that the future inflation in the United States will continue to rise, and that the Federal Reserve will raise interest rates for . The time for the Federal Reserve to raise may be longer than originally expected.
After US stocks fell one after another in recent days, some analysts warned that the recent rebound of US stocks has ended and a new round of decline may have begun. As of last Friday's closing, the S&P 500 has risen by more than 16% from its intraday low on October 13.
, Chief Strategist of BTIG, US investment bank, Jonathan Krinsky, pointed out that after the S&P 500 fell 1.79% on Monday, it coincided with the 200-day moving average (the 200-day moving average is often regarded as a weather vane for the long-term trend changes in the market), and the US stock market is about to plummet.
On Tuesday, the U.S. trade deficit in October expanded for the second consecutive month, imports increased but exports fell, which may put pressure on the fourth quarter economic growth.
Data released by the U.S. Department of Commerce on Tuesday showed that the deficit of goods and services in October expanded by $4 billion to $78.2 billion, an expansion of 5.4%. These figures have not been adjusted for inflation. The median forecast for economists is that the trade deficit has widened to $80 billion.
U.S. government data shows that imports of goods and services rose 0.6% to $334.8 billion, and exports fell 0.7% to $256.6 billion.
On Tuesday, US stocks turnover champion Tesla closed down 1.44%, with a turnover of US$16.39 billion.
According to the news released by the State Administration for Market Regulation, after Tesla recalled 80,561 vehicles in late November, starting from December 1, due to safety hazards in the vehicles, Tesla (Shanghai) Co., Ltd. once again recalled some domestic Model 3 and Model Y electric vehicles, totaling 435,132 vehicles. It is understood that this is the sixth recall initiated by Tesla in the country, with a total of 791,600 vehicles being recalled.
Musk promises to resolve the problem of Twitter's random advertising this week. Musk responded Tuesday that the Twitter team will address the issue this week in response to users’ complaints about “crazy number of ads” that hindered Twitter’s experience. "These ads are too big. We will solve it this week."
In addition, Musk's " brain-computer interface " medical device company Neuralink is undergoing a federal investigation because it may have violated the provisions of the animal welfare law during animal experiments. Neuralink internal employees allegedly complained that the company's animal tests were too hasty, causing unnecessary pain and death, and sparked internal doubts about the quality of the data in the test results. This may even postpone the company's plans to start human trials in the future.
No. 2 Apple closed down 2.54%, with a turnover of US$9.27 billion. Apple CEO Tim Cook said on Tuesday that Apple will use chips produced by TSMC's Arizona plant.
The company launched a new feature "Apple Music Sing" for its Apple Music 2 music service on Tuesday, allowing users to sing along with their favorite songs, with adjustable sounds and live lyrics similar to karaoke.
Apple says Apple Music Sing offers a variety of lyrics views, where users can click on the slider button on a popular song to lower the vocals and then use enhanced real-time lyrics to sing along with the music. In addition, the new function also supports background sound and singing backup functions.
In addition, according to people familiar with the matter, Apple has scaled back its ambitious self-driving car plan and postponed the car's target listing date by about one year to 2026.The car project, known within the company as " Titan " has been in the air for the past few months as Apple executives struggle to cope with the reality that the vision of fully autonomous cars without a steering wheel or pedal is not feasible under current technical conditions. The
ranked third Amazon closed down 3.03%, with a turnover of US$6.68 billion. Amazon concluded two European Commission investigations on Amazon on Tuesday with EU antitrust regulator " European Commission " on concerns about its use of data to harm competitors, ending two European Commission investigations.
In November 2020, the European Commission accused Amazon of using its size, strength and data to gain an unfair advantage over smaller merchants sold on its platform. In addition, the EU has launched another survey to assess whether Amazon gives preferential treatment to its own retail goods and market sellers using its logistics and delivery services.
No. 4 Nvidia closed down 3.75%, with a turnover of US$5.65 billion. Nvidia is reportedly preparing for the price reduction of the RTX4080 graphics card, which is expected to be announced in mid-December, and the final price may be close to the upcoming RX7900XTX of AMD.
No. 6 Meta Platforms closed down 6.79%, with a turnover of US$5.03 billion. According to media reports on Tuesday, EU privacy regulators said that Facebook and Instagram, which are owned by Meta, should not use their terms of service to require users to accept personalized advertising based on user digital activities.
According to media citing people familiar with the matter, the committee representing all EU privacy regulators approved a series of decisions on Monday, ruling that the EU privacy law does not allow social media platforms such as Facebook and Instagram to use their terms of service as a reason to allow targeted advertising. The decision could hinder Meta's sales of targeted advertising in Europe.
No. 7 AMD closed down 4.55%, with a turnover of US$4.59 billion.
No. 8 Bank of America closed down 4.26%, with a turnover of US$2.75 billion. Bank of America is still hiring relationship managers, and the private banking department is hiring; Bank of America is managing the company's employees; Bank of America will slow down its hiring due to the decline in the number of resignations.
Morgan Stanley raised its Bank of America target price from $36 to $38 on Tuesday, and
No. 9 Alibaba closed up 1.03%, with a turnover of $2.42 billion.
No. 12 ExxonMobil closed down 2.78%, with a turnover of US$2.24 billion. ExxonMobil said in its regulatory filing that CEO Darren Woods will receive an annual salary of $1.88 million, up from the previous $1.7 million; senior vice presidents Neil Chapman and Jack Williams raise wages similarly, reaching about $1.2 million. Data shows that ExxonMobil's share price has risen 78% this year, at least the largest increase in since 1990.
No. 16th Enphase Energy Company closed down 7.77%, with a turnover of US$1.75 billion.
No. 19 Boeing closed down 3.6%, with a turnover of US$1.47 billion. On December 6, 2022 local time, at the Boeing Everett factory in Seattle, USA, the last Boeing 747 passenger plane was taken off the line, and the production number was at 1574. The brand new Boeing 747-8F will be delivered to Atlas Cargo Airlines in January next year, with the registration final number N863GT.
Boeing has since stopped production of the 747 aircraft, which has been in production for 54 years. The Boeing 747 jetliner is the world's first mass-produced wide-body civil aviation aircraft.
is the 20 most active stocks trading on the day of the US stock market (by transaction volume):
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