In the early morning of Beijing time on the 1st, US stocks closed lower on Friday, with all three major stock indexes hitting their lowest closing prices so far this year. All three major indexes of US stocks recorded weekly, monthly and quarterly declines on concerns that an aggressive Fed rate hike could lead to a rapid recession in the US economy. Core PCE in the United States rose 4.9% year-on-year in August, which was announced on Friday, indicating that inflationary pressures in the United States are still accelerating.

On Friday, the Dow closed down 500.10 points, or 1.71%, at 28725.51; the Nasdaq fell 161.89, or 1.51%, to 10575.62; and the S & P 500 fell 54.85, or 1.51%, to 3585.62.

On Friday, the Dow fell as low as 28715.85, while the S & P fell to 3584.13, both hitting new intraday lows for the year.

The three major indexes of U. S. stocks fell this week, this month and the third quarter.

This week, the Dow is down 2.92%, the Nasdaq is down 2.69%, and the S & P 500 is down 2.91%.

This past September, the Dow fell 8.84%, the Nasdaq fell 10.5%, and the S & P 500 fell 9.34%.

In the third quarter, the Dow fell 6.65%, the Nasdaq fell 4.1%, and the S & P 500 fell 5.25%.

Some analysts believe that the decline in U. S. stocks is intentional by the Federal Reserve. Jamie Cox, managing partner of Harris Financial Group, said: "the US stock market is in a very bad situation. But that's basically what the Fed wants: to tighten financial conditions, which they think will help bring inflation down to acceptable levels. They are using the market transmission mechanism to achieve this goal. "

On Friday, the House of Representatives passed a short-term spending bill to keep the federal government functioning until December 16, avoiding a midnight shutdown on the 30th.

The US Senate passed the bill by a vote of 72 to 25 on September 29 local time, and the House of Representatives passed it by a vote of 230 to 201 on the 30th, which has now been submitted to President Joe Biden for approval.

On the economic data side on Friday, the US PCE price index rose 6.2 per cent in August from a year earlier, higher than market expectations of 6 per cent, compared with 6.3 per cent (revised to 6.4 per cent), according to the Commerce Department.

The PCE price index rose 0.3 per cent in August from a month earlier, higher than the expected 0.1 per cent, compared with a previous value of-0.1 per cent.

The champion of US stock turnover on Friday$Tesla (TSLA.US)$It closed down 1.1% on a turnover of $18.2 billion.Musk changed his mind about buying Twitter in a dramatic text message with Twitter CEO Parag Agrawal, according to information disclosed at a public hearing on the Twitter deal held this week.

According to another report, some internal documents show that in order to retain employees, Tesla, Inc. will begin to offer cash incentives to employees instead of traditional equity incentives. These documents show that employees can still receive stock awards if they wish. But by default, they will receive cash rewards.

According to sources, Tesla, Inc. plans to produce 495000 Model Y and Model 3 worldwide in the fourth quarter, much higher than in the third quarter, and plans to build 1.6 million Model Y and Model 3 worldwide in the first three quarters of 2023.

Second place$Apple (AAPL.US)$The company closed down 3% on a turnover of $17.5 billion.Apple Inc fell 8.13 per cent this week and 12.1 per cent in September. Apple Inc's South Korean headquarters were reportedly raided by antitrust authorities and accused of App Store commissions of more than 30 per cent.

Third place$Microsoft (MSFT.US)$It closed down 1.94% on a turnover of US $8.4 billion.Microsoft Corp recently announced the appointment of Yuan Xin (Bessie Yuan) as president of Microsoft Corp in China. Yuan Xin will report directly to Dr. Hou Yang, Senior Vice President of Microsoft Corp, Chairman and CEO of Greater China. Yuan Xin worked in Microsoft Corp China from 2017 to 2021, when he was General Manager of Commercial Enterprise Division (SMC) and General Manager of key account Business Division (EC).

Pacific Coal Power Company, No. 8, received an increase of 0.97%, with a turnover of US $4.35 billion.

Pacific Coal and Power will replace Citrix Systems as a member of the S & P 500, effective before the opening of trading next Monday. Citrix Systems, which it replaced, will be acquired by private equity firms.

EQT Energy, the ninth largest natural gas producer in the United States, closed up 3.09% on a turnover of $4.13 billion. EQT Energy will replace Duke Realty as a branch of the S & P 500.

In 10th place, Nike Inc fell 12.81% to a transaction of US $4.05 billion.

The company's first-quarter revenue was $12.69 billion, higher than the expected $12.31 billion; earnings per share was $0.93, higher than the expected $0.92; gross profit margin fell 220bp to 44.3%, below market expectations of 45.4%. This is mainly due to the increase in freight and logistics costs, the increase in the price reduction of Nike Inc's direct selling business and exchange rate changes. The company said that North American inventory increased by 65%, is taking "decisive action" to clean up inventory, expects the company's gross margin for the current fiscal year to be "temporarily affected", and expects the gross margin to fall by 350-400 basis points in the second quarter.

After Nike Inc announced the results, Wade Bush lowered his target price from $121to $101and UBS lowered its target price from $156to $141.

Aberdeen finished 14th, down 5.96%, with a turnover of $2.09 billion.

Carnival cruise ship No. 19 tumbled 23.25%, the biggest one-day drop since April 2020, with a turnover of $1.77 billion. The company lost 65 cents a share in the third quarter, and analysts expect a loss of 18 cents.

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