Sino-Singapore Jingwei Client, June 19, Friday, US stocks closed down, the Dow fell more than 530 points or 1.58%, the S&P 500 fell 1.31%, and the Nasdaq fell 0.92%.

Chevron fell nearly 4%, Goldman Sachs Group fell 3.6%, leading the Dow.

  Source: Wind

  This week, US stocks fell across the board. The Dow fell 3.45%, the S&P 500 fell 1.91%, and the Nasdaq fell 0.28%.

The Dow recorded its biggest weekly decline since October 2020

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European stocks are also generally lower on the weekly line, with the German DAX index falling 1.56% this week.

  On the news, the Fed’s expectations for an early interest rate hike this week have led to pressure on the stock market.

Previously, the Fed added two interest rate hikes in its forecast for 2023 on June 16 and increased its inflation forecast for this year.

  On the disk, the five sectors leading the gains were: residential construction rose by 1.6%; solar energy rose by 1.24%; education services rose by 0.69%; software services rose by 0.63%; leisure and entertainment rose by 0.51%.

The five sectors that led the decline were: advertising and marketing decreased by 3.7%; electronic product distribution decreased by 3.64%; pharmaceutical retail decreased by 3.5%; combined oil and gas decreased by 3.45%; gas decreased by 3.43%.

  In terms of technology stocks, Apple fell 0.72%; Facebook fell 1.78%; Amazon rose 0.25%; Microsoft fell 0.24%; Google fell 0.12%; Netflix rose 0.59%; Tesla rose 1.2%.

  In terms of Chinese concept stocks, Alibaba rose 0.39%; Baidu rose 0.84%; Jingdong fell 2.49%; Netease fell 3.13%; Sina Weibo fell 0.89%; Pinduoduo fell 0.65%; Qutoutiao fell 0.79%; Weilai fell 0.78% ; IQiyi fell 0.98%; Xunlei fell 1.78%; Momo fell 1.39%; Huanju Times fell 1.97%; Huya fell 0.62%; Bilibili rose 3.79%; Auto House fell 1.98%.

  116 of the U.S. listed stocks rose.

Ten stocks, including Luokung Technology, Aihui Recycling, Dah Sing Financial, and General Steel, were among the top gainers.

Among them, Ai Shui Hui (New Life, stock code "RERE") officially landed on the New York Stock Exchange on Friday, opening at $18.39 on the first day, a 31% increase from the issue price of $14.

As of the close, Wanwuxinsheng closed up 21.29%, with a market value of US$3.7 billion.

  In the European market, on Friday, the three major European stock indexes closed down across the board. The German DAX index fell 1.78% to 15448.04 points, the French CAC40 index fell 1.46% to 6569.16 points, and the UK FTSE 100 index fell 1.9% to 7017.47 points.

  This week, European stocks fell across the board. The German DAX index fell 1.56%, the French CAC40 index fell 0.48%, and the UK FTSE 100 index fell 1.63%.

  In the oil market, WTI crude oil futures rose 0.97% to US$71.729 per barrel; Brent crude oil futures rose 0.54% to US$73.472 per barrel.

  In addition, the US dollar index rose 0.37% to 92.2500.

The euro/dollar fell 0.32% to 1.1869.

GBP/USD fell 0.78% to 1.3815.

The dollar/yen fell 0.04% to 110.1300.

United States COMEX gold futures fell 0.35% to $1,786.650 per ounce.

(Zhongxin Jingwei APP)