In the early morning of the 17th, Beijing time, U. S. stocks closed down on Friday, with the Dow down about 300 points. Investors are reviewing this week's corporate earnings and economic data. The US consumer confidence index fell unexpectedly in July, with retail sales data exceeding expectations in June.
The Dow closed down 299.17 points, or 0.86%, at 34687.85; the Nasdaq fell 115.90 points, or 0.80%, at 14427.24; and the S & P 500 fell 32.87 points, or 0.75%, at 4327.16. This week, the Dow is down 0.5%, the Nasdaq is down 1.9%, and the S & P 500 is down 1%.
The earnings season for U. S. stocks kicked off this week, and a series of economic data were released this week. Economic data were mixed, with both the core consumer price index (CPI) and the producer price index (PPI) rising at their fastest pace in decades, highlighting the impact of supply chain tensions and labour shortages.
On the economic data side on Friday, the retail sales report released by the U.S. Department of Commerce on Friday showed that U.S. retail sales rose 0.6% in June, indicating that consumer demand remains strong. Another data showed that consumer confidence in the United States unexpectedly fell to a five-month low in July as growing concerns about rising prices led to a sharp deterioration in conditions for buying big-ticket items.
Top of the list of turnover on the 16thAmazonIt closed down 1.6% on a turnover of US $14.32 billion. Amazon.Com Inc announced on the 16th that the financial results for the second quarter of 2021 will be released on July 29, local time. After the release of the results, Amazon.Com Inc will hold an earnings meeting at 02:30 Pacific time on July 29 to interpret the results and answer analysts' questions.
Second placeAppleThe company closed down 1.4% on a turnover of $13.13 billion. Market research firm Canalys released a second quarter report on global mobile phone market shipments.milletThe global smartphone market share increased 83% year-on-year to 17%, while Apple Inc's market share was 14%. This means that XIAOMI successfully surpassed Apple Inc in the global market in the second quarter and won the second place in the global mobile phone market.
In third place, NVIDIA Corp Company closed down 4.2%, with a turnover of US $12.65 billion. NVIDIA Corp fell for four consecutive trading days this week, down 9.4 per cent a week.
No. 4TeslaThe company closed down 1.4% on a turnover of $10.44 billion. Tesla also recorded four consecutive falls this week.
In sixth place, the AMC cinema chain closed down 2.9%, with a turnover of US $4.6 billion. The WSB retail stock is down 24.3 per cent this week.
No. 10Boeing CoThe company closed down 2.25% on a turnover of $2.72 billion. The Federal Aviation Administration has found that the failure probability of a pressure switch in the Boeing 737 series is much higher than expected, which poses a major risk and could lead to a major flight accident. It is reported that more than 9300 737 series aircraft around the world have related safety risks.
Two Chinese stocks were shortlisted in the top 20 of today's US stock turnover. 12th placeBabaIt closed down 1.2% on a turnover of $2.35 billion. 15th placeNIO Inc.The car company closed down 2% on a turnover of $2.14 billion.
The following are the 20 most actively traded stocks of the day (by turnover):
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