U.S. stocks plunged sharply in the final trading session; Powell issued another hawkish statement.

Jinrong Jiezhong News, June 23 — In the early hours of June 23 (Beijing time), the three major U.S. stock indices opened lower, rose during the session, and then tumbled sharply near market close, ultimately ending the day in negative territory. By closing, the Dow Jones Industrial Average fell 0.15% to 30,483.13 points; the S&P 500 Index declined 0.13% to 3,759.89 points; and the Nasdaq Composite dropped 0.15% to 11,053.08 points. Dow Inc. fell 4.71%, and Caterpillar dropped 4.33%, leading losses among Dow components. Most large-cap U.S. tech stocks declined: Apple fell 0.38%, Amazon rose 0.25%, Netflix gained 4.67%, Google slipped 0.05%, Meta (Facebook) fell 0.76%, and Microsoft declined 0.24%. U.S. banking stocks declined across the board: JPMorgan Chase fell 0.57%, Goldman Sachs dropped 0.25%, Citigroup declined 1.67%, Morgan Stanley fell 0.51%, Bank of America dropped 0.88%, and Wells Fargo declined 1.05%. U.S. energy stocks collectively fell: ExxonMobil dropped 3.98%, Chevron fell 4.20%, ConocoPhillips plunged 6.29%, Schlumberger fell 3.35%, and Occidental Petroleum declined 3.96%. Popular Chinese概念股 showed mixed performance: Blue Hat Interactive surged 21.21%, Jinxuan Pinlv Travel rose 16.78%, Zhongyang Financial Group gained 12.02%, ZaiZhan Medicine rose 12.01%, TuSimple jumped 10.38%, 51Talk rose 9.09%, Puyi Wealth climbed 8.64%, and Dalian Education rose 7.53%. On the downside, SOS plunged 26.07%, Brain Regeneration fell 19.89%, Waterdrop Inc. dropped 10.29%, Youdao declined 8.71%, Kingsoft Cloud fell 7.54%, Fangduoduo dropped 6.88%, and Singularity Future declined 6.82%. Chinese EV-related stocks listed in the U.S. posted mixed results: NIO fell 1.06%, XPeng Motors rose 1.73%, and Li Auto gained 2.94%.

Major U.S. tech stocks collectively underperformed! The Nasdaq fell 2.55%; Tesla plunged over 6%.

Jinrong Jiezhong News Client, May 11 — On Monday, U.S. Eastern Time, all three major U.S. stock indices closed lower. The Dow briefly crossed the 35,000-point mark during the session, setting a new all-time high, but plunged near market close, finishing only slightly lower. The Nasdaq fell 2.55%, while the S&P 500 slid more than 1% in the final trading session. All major U.S. tech stocks declined: Tesla fell over 6%, Meta (Facebook) dropped over 4%, and both Netflix and Amazon fell more than 3%. Intraday chart of the three major U.S. indices. Source: Wind By closing, the Dow Jones Industrial Average fell 34.94 points, or 0.10%, to 34,742.82; the Nasdaq Composite dropped 350.38 points, or 2.55%, to 13,401.86; and the S&P 500 Index declined 44.17 points, or 1.04%, to 4,188.43. Major U.S. tech stocks broadly declined: Apple fell 2.58%, Amazon dropped 3.07%, Netflix fell 3.40%, Google declined 2.56%, Meta (Facebook) fell 4.11%, Microsoft dropped 2.09%, and Tesla plunged 6.44%. U.S. banking stocks showed mixed performance: JPMorgan Chase fell 0.01%, Goldman Sachs dropped 0.59%, Citigroup rose 0.12%, Morgan Stanley fell 1.33%, Bank of America declined 0.28%, and Wells Fargo rose 0.13%. Among popular U.S.-listed Chinese stocks, most declined: Refined Education fell 15.66%, New Oxygen fell 14.43%, TouchPal dropped 12.50%, Canaan Inc. fell 12.21%, Waterdrop Inc. declined 12.16%, Pinduoduo dropped 9.11%, Bilibili fell 6.91%, and JD.com declined 5.44%. On the upside, Aluminum Corporation of China rose 6.92%, and PetroChina gained 3.67%.