In the early morning of the 14th Beijing time, U. S. stocks tumbled on Tuesday, with the Dow tumbling 1276 points, the biggest one-day drop since 2020. The Nasdaq fell more than 5% and the S & P 500 fell below the 4000-point mark. August CPI data showed that US inflation was still running high, and the market forecast that inflation peaked went bankrupt, leading investors to speculate that the Fed would take more aggressive policy measures.

The Dow closed down 1276.37 points, or 3.94%, at 31104.97; the Nasdaq fell 632.84 points, or 5.16%, to 11633.57; and the S & P 500 fell 177.72 points, or 4.32%, to 3932.69.

Despite falling gasoline prices, the consumer price index rose 0.1% month-on-month in August, up 8.3% from a year earlier, according to data released by the Labor Department on Tuesday. Core CPI, which excludes volatile food and energy ingredients, rose 0.6 per cent month-on-month and 6.3 per cent year-on-year, both higher than expected.

The Fed will hold its next monetary policy meeting from September 20 to 21. The August CPI report was the last major data released before the meeting.

Bets on a bigger Fed rate rise rose after the CPI data were released in August. The market now expects the chances of the fed raising interest rates by 75 basis points for the third time in a row at its September 20-21 meeting as high as 100 per cent, and bets on a 75 basis point rise in November have also risen, with benchmark interest rates now forecast to reach about 4.3 per cent as early as March next year.

With inflation stubbornly high and widespread, the Fed's sharp rate hike cycle is likely to last longer than expected, with some market participants expecting a higher rate hike than 75 basis points next week. Some investors even expect the Fed to raise interest rates by 100 basis points next week.

Treasury yields rose across the board on Tuesday after the CPI data, with the two-year yield soaring as much as 18 basis points to about 3.75 per cent, its highest level since 2007.

The White House said after the release of the CPI data that the latest inflation figures showed "progress" in efforts to curb price increases, but that more work needed to be done.

The champion of US stock turnover on Tuesday$Tesla (TSLA.US)$It closed down 4.04% on a turnover of US $20.02 billion.Twitter shareholders approved a $44 billion acquisition proposed by billionaire Musk on Tuesday, paving the way for a lawsuit over the deal next month. Most Twitter shareholders voted to accept Musk's $54.20-a-share offer, which Musk made in April but later wanted to back out.

Twitter's board of directors and two prominent consulting firms have encouraged shareholders to approve the deal. Twitter closed Tuesday at $41.74, well below Mr Musk's offer.

Tesla, Inc. 's head of investor relations, Martin Viecha, has hinted that Tesla, Inc. will launch a cheaper electric car before launching the robotic taxi (robotaxi) service. Mr Musk recently said he was "embarrassed" by the current price of Tesla, Inc. electric cars. With the increase in inflation, the rising cost of battery materials, and strong market demand, the price of Tesla, Inc. 's entire electric vehicle product line has risen sharply in the past two years.

Second place$Apple (AAPL.US)$It closed down 5.87%, the biggest one-day decline since September 2020, with a turnover of $19.14 billion.

Third place$NVIDIA (NVDA.US)$It fell 9.47% to $9.596 billion.Today, the U. S. stock semiconductor sector generally tumbled.No. 7 in turnover$Advanced Micro Devices (AMD.US)$It closed down 8.99% on a turnover of US $6.356 billion. 11th place$Intel (INTC.US)$It closed down 7.19% on a turnover of $2.123 billion.

No. 4$Amazon (AMZN.US)$It closed down 7.06% on a turnover of US $9.34 billion.On September 12, local time, a rocket launched by Blue Origin, a space travel company owned by Bezos, failed shortly after launch, the first major event since the space exploration group opened its services to the public.

The rocket took off from the Blue Origin facility in western Texas and did not carry any passengers. The rocket, which carries dozens of experimental projects, will be briefly tested in a weightless environment on the edge of space. According to reports, the rocket suddenly caught fire at an altitude of 29000 feet about a minute after liftoff, and the booster seemed to have malfunctioned, separating the cargo capsule from the booster.

At present, the Federal Aviation Administration is investigating the cause of the accident. The agency said it would determine whether anything related to the accident would affect public safety. During the investigation, Blue Origin will not be able to run the New Shepard rocket system. The Federal Aviation Administration says no public property damage has been reported related to the booster failure.

No. 5$Microsoft (MSFT.US)$It closed down 5.5%, the biggest one-day decline since September 2020, with a turnover of $8.487 billion.

No. 6$Meta Platforms (META.US)$It closed down 9.37% on a turnover of US $6.927 billion.According to reports, Facebook Inc's parent company, Meta, asked hundreds of competitors to provide it with some confidential information in order to fend off antitrust lawsuits from the US government, but it was criticized by competitors.

In December 2020, the Federal Trade Commission (FTC) sued Meta, accusing Meta of violating antitrust laws by acquiring photo-sharing site Instagram and instant messaging app WhatsApp. The case may not be heard until 2024 at the earliest, but both sides are now gathering evidence for it.

So far, Meta has asked 132 companies to provide documents, including Snap Inc and Clubhouse. In addition, Meta said it is likely to seek information from more than 100 companies in the future.

No. 12 Chinese-listed stocks$Alibaba (BABA.US)$It closed down 5.51% on a turnover of US $1.913 billion.

No. 14$Netflix (NFLX.US)$It closed down 7.78% to $1.775 billion.Morgan Stanley's team of analysts pointed out that in terms of streaming, the advertising support service layer plans launched by Netflix and Disney+ should increase average revenue per user without relying entirely on price increases and take advantage of strong demand from advertisers for their audiences.

No. 16 Chinese listed stock$NIO Inc (NIO.US)$It closed up 1.01%, and the deal was 1.699 billion US dollars.At this point, NIO Inc. Automobile U. S. stocks have risen for the fifth consecutive trading day. The company's second-quarter revenue was 10.29 billion yuan, up 21.8% from a year earlier, a record high for a single quarter; 25100 new cars were delivered, up 14.4% from a year earlier; and its vehicle gross profit margin was 16.7%, down 1.4% from the previous quarter, but also exceeded market expectations.

Analysts predict that the new model, the ET5, which will be delivered by NIO Inc. Automobile Company, will become a popular model, which will not only play a huge role in driving sales, but also become an inflection point for NIO Inc. to achieve economies of scale.

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