---
title: "U.S. stock market opens: Nasdaq down 0.3%, AppLovin, NVIDIA, and Tesla down at least 1%, Chinese concept index down 3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230108895.md"
description: "The opening situation of the US stock market shows that the Nasdaq Composite Index fell by 0.36%, the S&P 500 Index slightly decreased by 0.08%, and the Dow Jones Industrial Average rose slightly by 0.05%. In terms of individual stocks, NVIDIA, Tesla, and AppLovin all fell by more than 1%. Chinese concept stocks performed poorly, with the Nasdaq Golden Dragon China Index dropping by 3.5%, and Alibaba and XPeng falling by 4.1% and 7.6%, respectively"
datetime: "2025-02-28T14:36:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230108895.md)
  - [en](https://longbridge.com/en/news/230108895.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230108895.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/230108895.md) | [繁體中文](https://longbridge.com/zh-HK/news/230108895.md)


# U.S. stock market opens: Nasdaq down 0.3%, AppLovin, NVIDIA, and Tesla down at least 1%, Chinese concept index down 3%

The S&P 500 index opened down 4.83 points, a decrease of 0.08%, at 5856.74 points;

The Dow Jones Industrial Average opened up 20.34 points, an increase of 0.05%, at 43259.84 points;

The Nasdaq Composite Index opened down 67.25 points, a decrease of 0.36%, at 18477.17 points.

NVIDIA fell 1.8%, Tesla fell 1%, AppLovin fell 2.4%, Rocket Lab fell 17.3%; Coinbase fell 1.8%, and "Bitcoin whale" Strategy (formerly MicroStrategy) fell 0.7%.

The Nasdaq Golden Dragon China Index fell 3.5%, Chinese concept stock Alibaba fell 4.1%, XPeng fell about 7.6%, and the Chinese concept ETF YINN fell 9%

### Related Stocks

- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md)
- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)
- [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md)
- [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md)
- [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/en/quote/.DJI.US.md)
- [Rocket Lab Corporation (RKLB.US)](https://longbridge.com/en/quote/RKLB.US.md)
- [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md)
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- [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md)

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