The Dow initially closed down about 500 points, while constituent stocks Chevron and Goldman Sachs fell more than 3%. Morgan Stanley fell more than 4%, leading the decline in the s & p 500. The index of small-cap stocks closed down more than 2%. The semiconductor sector fell more than 2 per cent, individual stocks BRKS fell more than 5 per cent, and applied materials fell more than 4 per cent. Xiaopeng car rose more than 2%, Tesla also rose more than 1%. Chinese stocks are up more than 8% in the future, NetEase's youdao is up about 5%, and high-distance education is up more than 3%.