U.S. stocks plummeted! The Dow fell below 30,000 points, close to a bear market, and the Nasdaq fell more than 4%

　　China-Singapore Jingwei, June 17th. On Thursday, Eastern Time, the three major U.S. stock indexes closed sharply lower.

The Dow closed down 741.46 points, or 2.42%, at 29,927.07 points, falling below 30,000 points for the first time since January 2021.

The Nasdaq fell 453.06 points, or 4.08%, to 10,646.10 points.

The S&P 500 fell 123.22 points, or 3.25%, to 3666.77.

　　Screenshot source: Wind

　　Both the S&P 500 and the Nasdaq are currently in bear market territory, with the Dow down 19% from its intraday high on January 5 and on the verge of a bear market.

　　Large technology stocks fell across the board. Apple fell 3.97%, Amazon fell 3.72%, Netflix fell 3.75%, Google fell 3.4%, Facebook fell 5.01%, and Microsoft fell 2.7%.

　　Bank stocks fell across the board, with JPMorgan down 1.65%, Goldman Sachs down 1.64%, Citigroup down 1.41%, Morgan Stanley down 2.66%, Bank of America down 0.87%, and Wells Fargo down 1.47%.

　　Airline stocks generally fell, Boeing fell 0.24%, American Airlines fell 8.64%, Delta Airlines fell 7.42%, Southwest Airlines fell 6.12%, and United Airlines fell 8.21%.

　　Most popular Chinese concept stocks fell, Ambow Education fell 24.58%, Studio City fell 15.38%, Qudian fell 14.69%, Shuidi Company fell 12.5%, Tuanche fell 12.08%, 1 Medicine Network fell 11.32%, Huya Live fell 10.96 %, The Ninth City fell 10.37%, Tuya Smart fell 9.92%, 21Vianet fell 9.48%, BOSS Direct Employment fell 8.21%, NetEase fell 7.81%, Alibaba fell 6.04%, Baidu fell 5.14%, Jingdong fell 3.59%, Pin Duoduo fell 2.38%; in terms of gains, Cangu rose 40.62%, Zhongyang Financial rose 25.24%, Fogcore Technology rose 10.9%, Tianmei Bio rose 9.04%, and Leju rose 8.36%.

　　Zhonggai new energy auto stocks fell across the board, with NIO down 4.48%, Xiaopeng Motors down 5.33%, and Ideal Auto down 2.12%.

　　In other stocks, Tesla fell 8.54%. It was reported that Tesla’s plan to cut 10% of its salaried employees has been launched.

New Oriental fell 5.89% after rising nearly 80% this month.

　　In European stock markets, the three major European stock indexes closed down collectively.

The 100-stock average price index of the "Financial Times" stock market in London, England, closed at 7,044.98 points, down 228.43 points, or 3.14%, from the previous trading day.

The CAC40 index of the French Paris stock market closed at 5886.24 points, down 143.89 points, or 2.39%, from the previous trading day.

The DAX index of the Frankfurt stock market in Germany closed at 13038.49 points, down 446.80 points, or 3.31%, from the previous trading day.

　　In terms of international oil prices, WTI July crude oil futures closed up $2.27, or 1.97%, at $117.58 a barrel.

Brent crude oil futures for August ended up $1.30, or 1.10%, at $119.81 a barrel.

　　In terms of gold prices, the most actively traded August gold futures price in the New York Mercantile Exchange gold futures market rose $30.3 on the 16th from the previous trading day to close at $1,849.9 an ounce, an increase of 1.67%.

　　The U.S. dollar index, which measures the greenback against six major currencies, was down 1.45% at 103.6330 by late New York trading.

　　The momentum behind the Fed's rally quickly faded, and markets are still assessing the potential impact of the Fed's biggest rate hike since 1994.

On the 16th, the Swiss National Bank raised interest rates by 50 basis points for the first time in 15 years, and the Bank of England also raised interest rates by 25 basis points.

　　In terms of economic data, the U.S. Department of Labor released data showing that in the week ended June 11, the number of initial jobless claims in the United States was 229,000, higher than market expectations of 215,000, and a decrease of 3,000 from the previous week.

　　Analysts believe that due to factors such as rising U.S. inflation, the market is worried that the U.S. economy may fall into recession in the future, which may have a negative impact on corporate recruitment.

(Sino-Singapore Jingwei APP)

(The opinions in this article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)