---
title: "U.S. stock market opens: Dow Jones Industrial Average opens down over 200 points, chip index falls 1.4%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222573128.md"
description: "The opening situation of the US stock market is not good, with the Dow Jones Industrial Average opening down more than 200 points, and the S&P 500 and Nasdaq also experiencing declines. NVIDIA's stock price fell by 2.3%, and Microchip Technology downgraded its rating to \"underperform.\" Tesla's stock price rose by 2.3%, with the target price raised to $515. Chinese concept stocks showed mixed performance, with Bilibili rising by 3.2%"
datetime: "2024-12-17T14:36:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222573128.md)
  - [en](https://longbridge.com/en/news/222573128.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222573128.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/222573128.md) | [繁體中文](https://longbridge.com/zh-HK/news/222573128.md)


# U.S. stock market opens: Dow Jones Industrial Average opens down over 200 points, chip index falls 1.4%

The S&P 500 index opened down 21.53 points, a decrease of 0.35%, at 6052.55 points;

The Dow Jones Industrial Average opened down 61.01 points, a decrease of 0.14%, at 43656.47 points, potentially marking the longest consecutive decline since 1978;

The Nasdaq Composite Index opened down 78.27 points, a decrease of 0.39%, at 20095.62 points.

Among the Dow components, NVIDIA fell 2.3%. Microchip Technology fell 0.1%, while Tesla rose 2.3%.

Bilibili rose 3.2%, Li Auto and Pinduoduo rose at least 1.5%, Baidu and Nio rose over 0.5%, ZEEKR fell 0.5%, Pinduoduo fell 1.4%, and New Oriental fell 2.2%.

The China concept ETF YINN rose 1.4%.

NVIDIA will release the new generation Blackwell architecture RTX 50 series graphics cards on January 7 next year, Beijing time; the RTX 5090 graphics card will be equipped with a record-breaking 32GB of GDDR7 memory; on December 16, during intraday trading, the company had once retreated over 10% from its historical closing high, entering a technical correction zone.

Bank of America Securities downgraded the rating of chip manufacturer Microchip Technology from "Neutral" to "Underperform," and lowered the target price from $80 to $65.

Mizuho raised Tesla's target price from $230 to $515 and upgraded its rating from Neutral to Outperform

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