Last week, the number of initial jobless claims in the United States increased by 0.02 million to 0.243 million, higher than expected. The market continues to focus on the prospect of U.S. government restrictions on China's semiconductor trade policy. On Thursday, the three major U.S. stock indices were repeatedly under pressure, and technology stocks were heavily sold. The Dow Jones index fell more than 1%.

The S&P 500 index closed down 43 points or 0.8% at 5,544 points; the Dow Jones closed down 533 points or 1.3% at 40,665 points; and the Nasdaq closed down 125 points or 0.7% at 17,871 points.

Bank stocks fell, with Goldman Sachs (GS.US) and JPMorgan Chase (JPM.US) both down 3.2%, Morgan Stanley (MS.US) and Bank of America (BAC.US) down more than 2%.

Some chip stocks rebounded, with Nvidia (NVDA.US) rising 2.6%. Taiwan Semiconductor (TSM.US) outperformed expectations in the second quarter, and its stock price rose 0.4%.

Large technology stocks were under pressure, with Amazon (AMZN.US) reporting record sales for this year's PRIME DAY but its stock price falling by 2.2%. Apple (AAPL.US) fell 2%. Microsoft (MSFT.US) fell 0.7%; Alphabet (GOOG.US) fell 1.9%. Tesla (TSLA.US) rose 0.3%.

Domino's (DPZ.US) second-quarter same-store sales were below expectations and store openings were reduced, resulting in a 13.6% drop in its stock price.