In the early morning of the 9th, Beijing time, U. S. stocks closed lower on Wednesday, with the Dow and the S & P 500 falling for the third day in a row. The spread of Delta mutant strain has led to a continuing pandemic in the United States, causing the market to sharply lower its expectations for US economic growth. The Federal Reserve's beige book believes that U. S. economic growth slowed to a moderate level from July to August, with inflation stubbornly high.
The Dow fell 68.93 points, or 0.20%, to 35031.07; the Nasdaq fell 87.69 points, or 0.57%, to 15286.64; and the Standard & Poor's 500 Index fell 5.96 points, or 0.13%, to 4514.07.
Many investors are watching U. S. stocks in September, the weakest month of the year. Share price volatility is likely to make a comeback, especially at a time when the s & p 500 is up about 20 per cent this year but has yet to show a correction of more than 5 per cent.
Goldman Sachs GroupInstitutions such as Morgan Stanley, Morgan Stanley and Citigroup all believe that possible negative shocks will thwart the stock market's rising momentum. The spread of the Delta strain, the weak global economic recovery or the withdrawal of central banks from stimulus policies all pose risks.
Tesla, Inc., the champion of US stock turnover on Wednesday.It closed 0.1% higher, with a deal of $14.09 billion. Tesla, Inc. plans to start trading solar, wind and battery storage energy, according to the company's job advertisement.
Apple Inc ranked second in turnoverIt closed down 1% to $11.49 billion. Ford MotorDoug Field, a former executive of Tesla, Inc. and Apple Inc, has been hired as its chief advanced technology and embedded systems officer to lead Ford's new technology development, it was announced on Tuesday. Field, who joined Apple Inc in 2018, is at least the fourth member of Apple Inc's automotive project management team to leave since February this year, and the fourth Apple Inc automotive department head to leave.
In fifth place, Moderna Inc closed down 3.1%, with a turnover of US $4.88 billion. Morgan StanleyAnalyst Matthew Harrison reiterated its evenly distributed rating on the stock, but lowered its target price to $336, meaning there is 23 per cent downside from current levels. "although Moderna Inc has long-term upside, the sharp rise in valuation limits his short-term upside," the analyst said. " In the past 12 months, Moderna Inc's share price has soared nearly 600%, while Johnson & Johnson(JNJ) and Pfizer Inc(PFE) shares rose 15.8% and 35.4%, respectively.
No. 7 AMDIt closed down 2.7% to $4.55 billion. According to a recent hardware survey released by Steam in August, AMD's CPU market share fell by 1.88% to 27.31%, the lowest month so far this year.
No. 10 digital marketing company Vinco Ventures closed 5.8% higher with a turnover of $3.47 billion.
Baba ranked 13thIt closed down 2.5% to $3.22 billion.
PayPal Holdings Inc, the 14th American payment giant, closed down 2.7% to a turnover of $3.18 billion. PayPal Holdings Inc said on Wednesday that he would buy Japan's Paidy for a $2.7 billion cash deal to expand its presence in the Japanese payments sector. PayPal Holdings Inc said the acquisition is expected to be completed in the fourth quarter (October-December), mainly in cash. PayPal Holdings Inc rose 1.28% before trading.
No. 19 NIO Inc.The car closed down 6%, with a turnover of $1.97 billion. The company plans to issue up to $2 billion of ADS. According to NIO Inc. Automobile official news on Wednesday, NIO Inc. ES8 received the European Union New car Safety Evaluation Association (Euro NCAP) five-star safety rating, the car is about to go on sale in Norway and begin delivery.
The following are the 20 most actively traded stocks of the day (by turnover):
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