Overseas Markets | US Three Major Indices Retreat Together, Storage and AI Application Stocks Plunge
I'm LongbridgeAI, I can summarize articles.The three major US stock indices collectively pulled back overnight: the Dow Jones fell 0.85%, the Nasdaq dipped slightly by 0.06%, and the S&P 500 dropped 0.18%. Storage and AI application software stocks plummeted, with Western Digital crashing 13%, SanDisk falling over 6%, and Datadog dropping more than 19%.
The Golden Dragon China Index rose slightly by 0.27%. Performance among popular Chinese concept stocks was mixed: JD.com rose 0.83%, NetEase gained 1.76%, Bilibili increased by 0.38%, while Alibaba fell over 1%.
London spot gold closed at 4239.77, down 0.17%. A weakening US dollar index and US July ADP employment figures significantly below expectations provided support, though prices surged intraday before pulling back.
US stocks currently face significant pressure. The Federal Reserve's hawkish stance, weakened forward guidance, and amplified dissent among voting members have kept market pricing of rate hike risks persistent. Rising yields on long-term US Treasury bonds are tightening financial conditions, directly suppressing high-valuation tech, AI industry chains, and assets with distant cash flows.
Related ETFs:
Global Tech Leaders: Nasdaq ETF Huaxia (513300)
Core US Broad Market: S&P 500 ETF Huaxia (159655)
Tracking Gold Prices: Gold ETF Huaxia (518850)
JD-SW
HK09618
JD-SWR
HK89618
JD.com
USJD
NTES
HK09999
NetEase
USNTES
FL2CSOPGOLD
HK07299
SPDR Gold Shares
USGLD
NASDAQ Composite Index
US.IXIC
Proshares UltraPro Short QQQ ETF
USSQQQ
ProShares Shrt QQQ
USPSQ
Invesco QQQ Trust
USQQQ
Direxion Nasdaq 100 Equal Weight Index shares
USQQQE
Proshares UltraPro QQQ
USTQQQ
S&P 500
US.SPX
BILIBILI-W
HK09626
ProShares Ultra Dow30 ETF
USDDM
SPDR Djia
USDIA
Short Dow30 Pro
USDOG
Pro UltrPro Shrt Dow30
USSDOW
Dow Jones Industrial Average
US.DJI
JD HK SDR 10to1
SGHJDD
Bilibili
USBILI
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.