--- 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 ### Related Stocks - [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md) - [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md) - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md) - [Destiny Tech100 (DXYZ.US)](https://longbridge.com/en/quote/DXYZ.US.md) - [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/en/quote/.DJI.US.md) - [SPDR® S&P 500® ETF (SPY.US)](https://longbridge.com/en/quote/SPY.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md) - [ProShares UltraPro Dow30 (UDOW.US)](https://longbridge.com/en/quote/UDOW.US.md) - [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md) - [ZEEKR Intelligent Technology Holding Limited (ZK.US)](https://longbridge.com/en/quote/ZK.US.md) - [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md) - [Microchip Technology Incorporated (MCHP.US)](https://longbridge.com/en/quote/MCHP.US.md) - [NASDAQ 100 Technology Sector Market-Cap Weighted Index (.NDXTMC.US)](https://longbridge.com/en/quote/.NDXTMC.US.md) - [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md) - [NEW ORIENTAL-S (09901.HK)](https://longbridge.com/en/quote/09901.HK.md) - [Vanguard S&P 500 Growth ETF (VOOG.US)](https://longbridge.com/en/quote/VOOG.US.md) - [Direxion Daily TSLA Bull 2X Shares (TSLL.US)](https://longbridge.com/en/quote/TSLL.US.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md) - [EAST BUY (01797.HK)](https://longbridge.com/en/quote/01797.HK.md) - [BILIBILI-W (09626.HK)](https://longbridge.com/en/quote/09626.HK.md) ## Related News & Research - [Anthropic Reportedly Accidentally Leaks Certain Claude Code Internal Source Code](https://longbridge.com/en/news/281339600.md) - [SpaceX’s IPO might arrive sooner than you think](https://longbridge.com/en/news/280670820.md) - [Why Is Vanguard Total Stock Market ETF (VTI) Rising Today, 3/31/26?](https://longbridge.com/en/news/281211233.md) - [Jeff Bezos-backed Slate Auto plans national customization hub](https://longbridge.com/en/news/280690916.md) - [Slush pits and snowball fights: Slate’s upcoming pickup endures winter testing [Video]](https://longbridge.com/en/news/280814519.md)