Us stocks fell sharply on Thursday, with both the Dow and s & p posting their biggest one-day losses since may 17, with the three major indexes closing down more than 1 per cent for the first time in three months. Mr Trump's sudden decision to dissolve two policy advisory committees brought uncertainty and news of the terrorist attacks in Barcelona, causing concern in the market, with the panic index VIX soaring 32 per cent.
The trend of important stocks
Technology stocks fell under the influence of the market. Alphabet Inc-CL C's parent company Alphabet closed down 1.76%, Amazon.Com Inc closed down 1.8%, Apple Inc closed down 1.82%, Microsoft Corp closed down 1.7%, Netflix Inc closed down 2.29%, NVIDIA Corp closed down 2.23%, Qualcomm Inc closed down 1.95%, and Tesla, Inc. closed down 3.03%.
CSCO: Cisco Systems is down 4%. Cisco Systems's quarterly profit was in line with expectations and revenue was better than expected, but revenue from the key security sector declined and is expected to record a loss in the third quarter.
NTAP: NetApp, a provider of data storage solutions, fell 6.7%. The company's quarterly profit was better than expected, revenue was basically in line with expectations, and the company gave a slightly weaker-than-expected profit guidance for the third quarter.
ADP: Automatic Data Processing Inc ADP fell 5.8%. William Ackman, an activist investor in ADP, said ADP needs to improve its profit margins and integrate its business and may need a new CEO,ADP to strongly oppose the proposal.
LLY: pharmaceutical giant Eli Lilly and Co Pharmaceuticals fell 3.6 per cent. The diabetes treatment drug semaglutide of Novo-Nordisk A/S Pharmaceutical has achieved the main goal of reducing blood sugar level in the later experiment, which will pose a threat to Eli Lilly and Co Pharmaceutical's hypoglycemic drugs in the future.
BIIB: Biogen, a leading biotech company, fell 3.3%. Democrats on the House Oversight and Government Reform Committee have decided to investigate why drug prices for women have nearly quadrupled since 2004.
AMAT: semiconductor equipment giant Applied Materials Inc's second-quarter EPS was 85 cents, expected to be 84 cents; revenue was 3.74 billion dollars, expected to be 3.69 billion dollars, up 33 percent from a year earlier. AMAT shares rose more than 3 per cent in after-hours trading after the earnings announcement.
China listed stock
BABA: shares rose 2.93% to a record closing high. BABA's first-quarter revenue rose 56 per cent year-on-year to $7.4 billion, exceeding analysts' average expectations of $7.1 billion and earnings per share of $1.17, also exceeding analysts' average expectations of 93 cents.
JD: JD.com plummeted 6.53%. Analysts said that the real reason why BABA Group was able to stand out from the competition with JD.com is actually the gross profit margin. JD.com 's financial results show that its gross profit margin has declined, while BABA's gross profit margin has increased by 540bp compared with the previous quarter.
VIPS: Vipshop Holdings Limited is down 8%. Its second-quarter net profit of $57 million fell 14.4 per cent from a year earlier.
CHU: the ADR of China Unicom (00762) in US stocks fell 5.17%. China Unicom is carrying out mixed ownership reform, using private offerings and transfer of existing shares to introduce industry-leading strategic investors with synergy, including a number of well-known Internet companies and established state-owned enterprises.
Top 10 up and down of Chinese stocks
