--- title: "Overseas Markets | The three major U.S. stock indices collectively adjusted, with semiconductors bucking the trend to hit new highs" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40160025.md" description: "Overnight, the three major U.S. stock indices collectively retreated, with the Nasdaq leading the decline by 0.89%, while the S&P 500 and Dow Jones fell by 0.41% and 0.36%, respectively. Technology stocks were generally under pressure, with Microsoft falling nearly 4%, Tesla dropping over 3%, and Meta declining more than 2%. In contrast, the Philadelphia Semiconductor Index hit a new high against the trend. Chinese concept stocks showed mixed performance, with the Nasdaq Golden Dragon China Index closing down 2.47%. Alibaba and NetEase both fell about 3%. The price of the safe-haven asset, gold, fell again, with the spot price of London gold retreating to around $4700 per ounce..." datetime: "2026-04-24T03:54:29.000Z" locales: - [en](https://longbridge.com/en/topics/40160025.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40160025.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40160025.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" --- # Overseas Markets | The three major U.S. stock indices collectively adjusted, with semiconductors bucking the trend to hit new highs Overnight, the three major U.S. stock indices collectively retreated, with the Nasdaq leading the decline by 0.89%, while the S&P 500 and the Dow Jones fell by 0.41% and 0.36% respectively. Technology stocks were generally under pressure, with Microsoft down nearly 4%, Tesla down over 3%, Meta down over 2%, while the Philadelphia Semiconductor Index hit a new high against the trend. Chinese concept stocks showed mixed performance; the Nasdaq Golden Dragon China Index closed down 2.47%, with Alibaba and NetEase down about 3%. The price of the safe-haven asset gold fell again, with the spot price of London gold retreating to around $4,700 per ounce. Changes in market expectations regarding the Middle East situation and the duration of high interest rates prompted a technical correction in gold prices after consecutive gains. Judging from the performance of peripheral assets, the market has a new understanding of the U.S.-Iran conflict and is gradually becoming desensitized. Goldman Sachs' latest report maintains its year-end target of 7600 points for the S&P 500, expecting 12% earnings growth in 2026, with AI investment contributing about 40% of the increase. 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