U.S. stocks hit hard: Dow drops more than a thousand points, large tech stocks fall across the board

China-Singapore Jingwei Client, February 25th. On Monday, Eastern time, the three major US stock indexes closed down sharply. The Dow fell more than a thousand points, the Nasdaq fell more than 3.7%, and the S & P 500 fell more than 3.3%. Large U.S. technology stocks ended lower across the board, with Apple down 4.75% and Tesla down over 7%.

Timeshare chart of the Dow. Source: Wind

As of the close, the Dow fell 1031.61 points, or a decline of 3.56%, to 27960.80 points, and fell below the 28000 point mark; the Nasdaq fell 355.31 points, or a decrease of 3.71%, to 9122.28 points; the S & P 500 Index fell 111.86 points, or a decrease of 3.35%, to 3285.89 point.

In terms of sub-sectors, large-scale U.S. technology stocks tumbled across the board, Apple fell 4.75%, Amazon fell 4.14%, Naifei fell 2.99%, Google fell 4.29%, Facebook fell 4.5%, Microsoft fell 4.31%, and Tesla fell more than 7 %.

US energy stocks fell, Exxon Mobil fell 4.65%, Chevron fell 3.94%, ConocoPhillips fell 3.52%, Schlumberger fell 7.38%, EOG Energy fell 5.83%.

U.S. financial stocks ended collectively lower, JPMorgan Chase fell 2.69%, Goldman Sachs fell 2.63%, Citigroup fell 5.12%, Morgan Stanley fell 5.25%, Bank of America fell 4.77%, Wells Fargo fell 2.75%, and Berkshire Hathaway Down 3.07%.

China stocks rose. Source: Wind

In terms of Chinese stocks, most Chinese stocks closed down, Alibaba fell 3.02%, JD.com fell 2.6%, and Baidu fell 3.06%; the financial sector fell 11.43%, Qudian fell 8.79%, and Ruixing Coffee fell 7.6%. It fell 4.14%, Weilai Automobile fell 4.9%, online education stocks went against the market and closed red, Anbo Education rose 30.17%, worry-free English rose 12.21%, with whom to learn rose 6.13%, and Youdao rose 5.81%.

In terms of European stocks, the three major European stock indexes fell sharply collectively. The British FTSE 100 index fell 247.09 points, or 3.34%, to 7158.83 points; the French CAC40 index fell 237.85 points, or 3.94%, to 5791.87 points; the German DAX index fell 544.09 points, or 4.01%, to 13035.24 points.

In terms of international oil prices, WTI crude oil futures closed down 1.95 US dollars, a decrease of 3.65%, to 51.43 US dollars per barrel. Brent crude oil futures closed down 2.20 US dollars, a decline of 3.76%, to 56.30 US dollars / barrel.

In terms of international gold prices, the most active April gold futures price on the New York Mercantile Exchange's gold futures market rose 24 cents from the previous trading day on the 24th to close at 1,676.6 dollars per ounce, an increase of 1.69%.

The US dollar index rose on the 24th. As of late trading in the New York currency market, the US dollar index, which measures the dollar against six major currencies, rose 0.10% to 99.3626. (Zhongxin Jingwei APP)