In the early morning of the 1st Beijing time, US stocks closed down on Thursday. The three major stock indexes all recorded big declines in June, the second quarter and the first half of the year, with the S & P 500 recording its worst first-half performance since 1970. Soaring inflationary pressures and fears that the Fed's aggressive rate hike could lead to a recession kept US stocks under pressure in the first half of the year.

The Dow fell 253.88 points, or 0.82%, to 30775.43; the Nasdaq fell 149.16, or 1.33%, to 11028.74; and the S & P 500 fell 33.45, or 0.88%, to 3785.38.

The three major indexes of US stocks all recorded large declines in June. In June, the Dow fell 6.7% and the s & p 500 fell 8.38%. The Nasdaq fell 8.71% in June, the third consecutive month of decline.

In the second quarter, both the Dow and the S & P 500 recorded their biggest quarterly declines since 2020. The Nasdaq fell 22.4% in the second quarter, the biggest quarterly decline since 2008.

In the first half of this year, the Dow fell 15.3%. The s & p 500 fell 20.56%, its biggest first-half decline since 1970. The Nasdaq fell 29.51%.

The Nasdaq is now down more than 30% from its all-time high set on November 22. Some of the biggest technology companies have been hit hard this year, with Netflix shares falling nearly 71 per cent. Apple Inc fell 23 per cent, Alphabet Inc-CL C's parent company Alphabet fell 24.4 per cent, and Facebook Inc's parent company Meta Platforms fell more than 52 per cent.

Many Wall Street observers worry that the Fed's aggressive tightening actions will plunge the US economy into recession.

Tesla, Inc., the champion of US stock turnover, closed down 1.76% on Thursday with a turnover of US $21.24 billion.Tesla, Inc. 's share price shrank by about 36.3% in the first half of this year. In the second quarter, Tesla, Inc. fell 37.5%, the worst single-quarter performance since the IPO.

In second place, Apple Inc Company closed down 1.8%, with a turnover of US $13.5 billion.Apple Inc's shares fell 23 per cent in the first half and 22.5 per cent in the second quarter. Apple Inc will release its financial results for the third quarter of fiscal year 2022 ending June 2022 on July 28, and will hold an earnings call at 5: 00 p.m. eastern time on July 28 to interpret the results and answer analysts' questions.

In third place, NVIDIA Corp Company closed down 2.46%, with a turnover of US $10.42 billion.NVIDIA Corp's shares fell 48.46 per cent in the first half and 44.44 per cent in the second quarter.

As the cryptocurrency plummeted, NVIDIA Corp, which had benefited from the market, was hit hard, and the price of its GPU plummeted and had a significant impact on the market demand for its products. It is estimated that more than 1/3 of the consumer graphics card market may disappear as encryption enthusiasts give up their demand for GPU.

In fourth place, Amazon.Com Inc closed down 2.49%, with a turnover of US $10.31 billion. Amazon.Com Inc's shares fell 36.3 per cent in the first half of the year in terms of reinstatement prices. It fell 34.8% in the second quarter, the biggest one-quarter decline since 2001.

Facebook Inc's parent company, Meta Platforms, closed down 1.64% in seventh place with a turnover of US $5.71 billion. Meta Platforms shares fell more than 52% in the first half and 27.5% in the second quarter.

JPMorgan Chase & Co sharply downgraded the expectations and target prices of 26 companies in the range of his Internet rating, and expects the operating environment to be weak from the second half of this year to 2023. With regard to META, JPMorgan Chase & Co believes that its direct advertising will be more flexible than brand advertising, but revenue growth will still slow, recruitment will slow and a decline in future investment may be imminent, so he cut his 2022 revenue forecast by 6% and lowered its target price to $225.

In 10th place, Exxon Mobil Corp closed down 2.81%, with a turnover of US $3.43 billion. Exxon Mobil Corp's share price rose 44.1 per cent in the first half of this year, far outperforming the market, while US WTI crude oil futures rose 41 per cent over the same period.

Pfizer Inc Pharmaceutical, No. 14, gained 2.93%, with a turnover of US $1.75 billion. Pfizer Inc and his partner BioNTech have announced a new COVID-19 vaccine supply agreement with the US government, worth a total of US $3.2 billion. In addition, Pfizer Inc said that the company has submitted an application for a new drug against novel coronavirus's therapeutic drug Paxlovid to the US Food and Drug Administration (FDA).

BABA, the 20th Chinese stock, closed down 2.03% to a turnover of US $1.56 billion.

The following are the 20 most actively traded stocks of the day (by turnover):