In the early morning of the 16th Beijing time, US stocks closed lower on Thursday. The upside-down of US bond yields has intensified, indicating that the market is still worried that the Fed's aggressive monetary policy could trigger a recession. Us retail sales rose 0.3 per cent in August from a month earlier, with initial jobless claims falling to 213000 last week, the fifth consecutive week of decline.

The Dow fell 173.27 points, or 0.56%, to 30961.82; the Nasdaq fell 167.32, or 1.43%, to 11552.36; and the S & P 500 fell 44.66, or 1.13%, to 3901.35.

Yields on interest-sensitive Treasuries continued to rise on Thursday, exacerbating the upside-down of the yield curve. At one point, the yield on the US two-year Treasury note, which is more sensitive to the interest rate outlook, climbed 6 basis points to 3.83 per cent. The yield on the 10-year Treasury note rose 2 basis points to 3.439%. This means that the upside-down range of treasury bond yields is further expanded. In addition, the yield curve of five-year and 30-year Treasuries is upside down by 19 basis points, the highest level since 2000.

Investors welcomed a flood of economic data on Thursday. The labor department reported that retail sales rose 0.3% month-on-month in august, higher than market expectations.

In the week ended September 10th, the number of initial claims for unemployment benefits in the United States fell to 213000. Analysts pointed out that the data fell for the fifth week in a row, indicating that demand for labor remained strong despite the uncertain economic outlook. The number of initial jobless claims rose slightly to 1.4 million, still an all-time low.

The New York Fed's manufacturing index shrank by 1.5 in September, with an expected contraction of 13, with a previous contraction of 31.3.

The Philadelphia Fed's manufacturing index fell 9.9 in September and is expected to grow 2.8, compared with a previous increase of 6.2.

The import price index of the United States fell 1% in August from the previous month, and is expected to decline by 1.2%. The previous value fell by 1.40%.

Top US stock turnover on Thursday$Tesla (TSLA.US)$It closed 0.38% higher, with a transaction of $19.723 billion.Tesla, Inc. was charged in the United States with exaggerating the function of autopilot. Tesla, Inc. has been sued in federal court in San Francisco for exaggerating the function of autopilot, according to media reports. The owner of Tesla, Inc. paid thousands more for the technology.

Plaintiff Briggs Matsko said in the lawsuit: "the products produced by Tesla, Inc. are not even close to fully self-driving cars." The complaint also blamed Tesla, Inc. 's safety record, referring to dozens of previous car accidents related to Tesla, Inc. 's autopilot. On July 28 this year, the California Motor vehicle Administration accused Tesla, Inc. of falsely promoting the company's self-driving technology.

Tesla, Inc. is also reported to be considering adjusting China's retail strategy, closing some shopping malls in cities such as Beijing, and paying more attention to lower-cost suburban stores that can provide maintenance services. Tesla, Inc. did not immediately respond to a request for comment.

Tesla, Inc. is seeking to step up efforts to recruit technicians and other service personnel in China, according to people familiar with the matter. According to Tesla, Inc. 's China recruitment website, there were more than 300 service jobs vacant as of September 15. Tesla, Inc. opened its first store in central Beijing in 2013 and now has more than 200 stores across the country.

Second place$Apple (AAPL.US)$It closed down 1.89% on a turnover of US $13.827 billion.For the first time in more than two years, Apple Inc surpassed Tesla, Inc. to become the number one short target on Wall Street, with a short position of US $18.4 billion. Wall Street bears are setting their sights on large US technology stocks.

According to data released by financial analysis company S3 Partners on Sept. 14, as of Sept. 13, Apple Inc's latest open short position was 18.444 billion US dollars, surpassing Tesla, Inc. for the first time since the overseas COVID-19 epidemic broke out in April 2020, and has become the number one short target on Wall Street. The data also show that the third biggest short target on Wall Street is Microsoft Corp, followed by Alphabet, the parent company of Amazon.Com Inc, Visa Inc and Alphabet Inc-CL C.

Third place$Adobe (ADBE.US)$It closed down 16.79% at a turnover of US $8.728 billion.Adobe Inc announced the acquisition of Figma, an online design collaboration tool platform, for about $20 billion in cash and stock. The company says it and Figma will work together to reshape the future of creativity and productivity, accelerate creativity online, advance product design, and inspire the global community of creators, designers and developers.

It is understood that the deal is expected to close in 2023, provided that the required regulatory permits and approvals are received and other delivery conditions are met, including approval from Figma shareholders. After the completion of the transaction, Dylan Field, co-founder and CEO of Figma, will continue to lead the Figma team and report to Dylan Field, president of Adobe Inc's digital media business. The companies will continue to operate independently until the transaction is completed.

In addition, AdobeQ3 net profit fell 5.8% compared with the same period last year. Q4 revenue guidance was lower than expected.

No. 4$Microsoft (MSFT.US)$It closed down 2.71% on a turnover of US $7.767 billion.The Competition and Market Authority (CMA), the UK's antitrust regulator, announced on Thursday that it had decided to launch an in-depth antitrust investigation into Microsoft Corp's acquisition of Activision Blizzard because of Microsoft Corp's refusal to compromise.

In January, Microsoft Corp announced that it would buy Activision Blizzard, a developer of games and interactive entertainment content, for $95 a share in a total deal of about $69 billion. After the completion of the deal, Microsoft Corp will become the third highest revenue game company in the world, after Tencent and Sony Group Corp.

In July, the British CMA announced that it had launched a "preliminary" antitrust investigation into Microsoft Corp's acquisition of Activision Blizzard. CMA said it would assess whether the deal would damage market competition, lead to higher prices or reduced consumer choice.

No. 9$Netflix (NFLX.US)$It closed 5.02% higher, with a transaction of US $4.593 billion.Netflix estimates that the low-cost advertising service will attract 40 million subscribers within a year. The company expects its upcoming low-cost subscription program with ads to reach about 40 million users worldwide by the third quarter of 2023. In its preliminary forecast, Netflix told advertising executives that it expects 4.4 million "independent viewers" worldwide to register by the end of the year, of which 1.1 million will be from the United States.

12th place$Exxon Mobil (XOM.US)$It closed down 2.91% on a turnover of US $2.005 billion.No. 17$Occidental Petroleum (OXY.US)$It closed down 3.14% on a turnover of $1.593 billion. No. 18$Chevron (CVX.US)$It closed down 1.62% on a turnover of US $1.551 billion.U. S. crude oil stocks generally fell on Thursday, affected by lower crude oil prices.

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