In the early morning of the 23rd Beijing time, US stocks closed down on Thursday, and the main stock index continued its downward trend at the end of the year. Economic data have investors worried that the Fed will keep interest rates higher for longer. Hedge fund giant David Tepper warned that he "tends to short stocks and bonds" because he expects the Fed and other central banks to continue tightening in 2023.

The Dow closed down 348.99 points, or 1.05%, at 33027.49; the Nasdaq fell 233.25, or 2.18%, to 10476.12; and the S & P 500 fell 56.05, or 1.45%, to 3822.39.

Us stocks returned to the recently familiar pattern of decline on Thursday, with the Dow down more than 800 points at one point, falling as low as 32573.43.

Investors remain concerned that continued tightening of monetary policy by major central banks around the world will push the economy into recession.

Most of the official US economic data released on Thursday were strong, indicating that the economy rebounded faster than expected, strengthening the dollar and reinforcing expectations that the Fed might need to take a tougher policy path to fight inflation.

The U.S. Senate on Thursday passed a $1.7 trillion spending bill for fiscal year 2023, including funding for the federal government until September next year, and set aside $38 billion for emergency disaster assistance. The bill includes a budget of $858 billion for defense programs and $772.5 billion for projects related to non-defense and non-veterans.

Tesla, Inc., the champion of US stock turnover, closed down 8.88% on Thursday, the biggest drop since May 20, with a turnover of US $26.657 billion.

Tesla, Inc. offered a $7500 discount on Model 3 and Model Y delivered in the United States this month because of concerns that the carmaker is facing weak demand as the economy slows and tax breaks for electric vehicles approach, the company's website announced on Wednesday. This is higher than the $3750 discount it offers for Model 3 and Model Y vehicles delivered by the end of the year.

In addition, Tesla, Inc. and General Motors Co are facing an investigation by the US Senate into the possibility that they may force workers to work.

The National Highway Traffic Safety Administration announced on Thursday that the United States has launched two new special accident investigations into Tesla, Inc. 's car, in which the driver is suspected to have used a driving assistance system.

George Gianarikas, an analyst at Gatong Beixiang, lowered Tesla, Inc. 's target price to $275 from $304 and maintained its buy rating. The analyst pointed out that the recent fall in share prices was the worst in the history of Tesla, Inc. 's stock. He said that while the current fundamentals look quite uncertain, he still looks forward to a potential recovery in 2023 and continued extraordinary growth after that to help improve stock market performance.

In second place, Apple Inc Company closed down 2.38%, with a turnover of US $10.25 billion.Some media recently pointed out two major problems on Apple Inc's CarPlay: the lack of timely follow-up by automobile manufacturers and the poor quality of the application. In addition, Guo Mingyi, a well-known Apple Inc analyst at Tianfeng International, pointed out that Apple Inc may cancel or postpone the iPhone SE4 plan that is expected to be mass produced in 2024.

In third place, NVIDIA Corp closed down 7.04%, with a turnover of US $8.64 billion.Intel Corp said a few days ago that it will split its graphics chip department (AXG) into two to readjust its business to better compete with NVIDIA Corp and AMD. The company said the consumer graphics division would merge with Intel Corp's PC group, which makes chips for personal computers, while the accelerated computing team would join its data centres and artificial intelligence businesses.

The media pointed out that this move was accompanied by Intel Corp's redoubled efforts in accelerating calculation. "with the surge in the use of artificial intelligence, accelerated computing is a growing area dominated by NVIDIA Corp."

In fourth place, Amazon.Com Inc closed down 3.43%, with a turnover of US $6.795 billion.Amazon.Com Inc failed to explain to the buyer that the brand was supplied by a third party when the third-party seller provided the product, and the European Court of Justice warned the company of suspected or infringement of the European trademark of French luxury footwear designer Christian Louboutin. Louboutin said Amazon.Com Inc was responsible for trademark infringement.

In fifth place, Microsoft Corp closed down 2.55%, with a turnover of US $6.79 billion.At a time when the $69 billion acquisition of Activision Blizzard is pending, there have been recent media reports that Microsoft Corp has a new acquisition target-streaming giant Netflix Inc. Microsoft Corp's consideration is to provide video game streaming services on a variety of devices, and Netflix Inc can also promote the game business more quickly through Microsoft Corp. But some people think that the rumor is not very reliable, after all, for Microsoft Corp, this is not a good deal.

Colin Sebastian, an analyst at Baird, an investment bank, said Microsoft Corp's plan to buy Activision Blizzard for $69 billion is likely to be approved, which could eventually lead to more deals.

No. 6 AMD closed down 5.64%, with a turnover of $4.687 billion.

No. 7 Meta Platforms closed down 2.2%, with a turnover of $2.74 billion.Baird, an investment bank, believes that after a difficult development in 2022, the technology industry is likely to recover in 2023, while Activision Blizzard, META platform and Alphabet Inc-CL C are listed as the top stocks for the new year. Analysts at the bank said that after a difficult 2022, Meta is likely to regain some growth momentum in 2023, as Reels will continue to attract users, improve its automation capabilities and continue to grow in shopping and click-to-message advertising.

In 11th place, Micron Technology Inc closed down 3.44%, with a turnover of US $2.016 billion.The company's first-quarter revenue fell 47 per cent year-on-year to $4.09 billion, with a net loss of $195 million, turning a profit into a loss. Micron Technology Inc also announced that he would cut jobs by about 10 per cent next year.

UBS lowered its target price to $70 from $75 after the results were announced. Bank of Montreal said its first-quarter results were worse than expected and maintained its outperform rating. Morgan Stanley reduced his target price from $49 to $46.

Nike Inc, 12th place, closed 0.8% higher, continuing yesterday's rising trend, with a turnover of US $1.986 billion.

BABA, 15th, closed 0.18% higher, with a turnover of US $1.4 billion.

Boeing Co, 19th, closed down 3.95%, with a turnover of US $1.31 billion.. Boeing Co said on Thursday that it had resumed flight testing of the 777X jet. Stan Deal, chief executive of Boeing Co's commercial aircraft division, told suppliers on Tuesday that the company saw strong signs of market recovery. Boeing Co appointed a new head of the supply chain whose task is to restore the industrial supply chain to "optimal health".

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