In the early morning of the 12th Beijing time, US stocks closed lower on Tuesday. The preference for venture capital has cooled sharply. Warnings about Fed policy from former Fed executives and prominent investors panicked the market.
The Dow fell 473.66 points, or 1.36%, to 34269.16; the Nasdaq fell 12.43 points, or 0.09%, to 13389.43; and the S & P 500 fell 36.33 points, or 0.87%, to 4152.10.
On Tuesday, U. S. stocks experienced one of the craziest days of the year, with technology stocks on the battlefield. Large technology stocks opened sharply and then rebounded on concerns about rising inflation and high valuations, but the selling pressure spread to the rest of the market.
The Nasdaq opened down more than 2%, but as investors regained popularityAmazonAndNetflixAnd other stocks, technology stocks rebounded in the afternoon, the Nasdaq once rose in the afternoon.
The rest of the U. S. stock market continued to decline, with the Dow down more than 660 points in early trading, falling as low as 34075.31. All 11 sectors of the S & P 500 fell.
Early Tuesday, a general decline in highly valued technology stocks led to a decline in the broader market, with selling pressure spreading from technology stocks to other sectors such as banking, energy and industry. But then technology stocks recovered most of their losses, with Amazon.Com Inc and Netflix both up more than 1 per cent, and growth-oriented Ark Innovation ETF up more than 2 per cent.
The CBOE volatility index (VIX), a measure of market panic, rose more than 10.7 per cent to 21.77, with an intraday high of 23.73, the highest level in two months. For most of last year, the VIX stayed above 20, then fell below 16 last month. The rise of the VIX index is usually accompanied by a fall in the market.
The champion of US stock turnover on TuesdayTeslaIt closed down 1.9% at $617.2. At one point in the morning, it fell below $600 to $28.34 billion. Tesla, Inc. is a typical representative of high-valuation and high-growth stocks. The company's sales in China fell nearly 10, 000 vehicles in April, down 27% from a month earlier. It is also reported that the electric car maker has suspended plans to expand its Shanghai plant into an export hub.
Brokerage Piper Sandler maintains a rating on Tesla, Inc. to outperform the market and a target price of $1200.
The 2nd to 7th places of turnover are respectivelyApple、 Amazon.Com Inc 、Microsoft Corp、Facebook IncAnd NVIDIA Corp and other technology stocks.
Palantir ranked seventh in today's turnover, with the stock closing 9.4% higher at $3.88 billion. The company's first-quarter revenue was $341 million, up 49% from $229 million a year earlier, and a net loss of $123 million, compared with $54.274 million a year earlier.
The company expects second-quarter revenue to grow 43% year-on-year to $360 million. The adjusted operating margin is 23 per cent; adjusted free cash flow is expected to exceed $150 million for the whole of 2021 and annual revenue growth of 30 per cent or more from 2021 to 2025.
No. 8 Chinese stocksNIO Inc.The car closed 1.6% higher, with a turnover of $3.86 billion.
BabaRanked 15th in turnover, the stock closed 0.8% higher with a turnover of $3.01 billion.
Here are the 20 most actively traded stocks of the day (by turnover): (screenshot from Sina Finance APP quotes-US stocks-more data on the left side of the market sector)Download Sina Finance APP
