Tech stocks dragged down, the Nasdaq closed down 0.58%, popular Chinese concept stocks generally rose

　　China-Singapore Jingwei, August 12th. On Thursday, Eastern Time, the three major U.S. stock indexes opened higher, and all rose more than 1% during the session. After that, the group went down, and the Nasdaq and S&P 500 turned green.

As of the close, the Dow rose 27.16 points, or 0.08%, to 33,336.67 points; the Nasdaq fell 74.90 points, or 0.58%, to 12,779.91 points; the S&P 500 fell 2.97 points, or 0.07%, to 4,207.27 points.

　　Screenshot source: Wind

　　Large technology stocks fell across the board, with Apple down 0.44%, Amazon down 1.44%, Netflix down 0.58%, Google down 0.72%, Facebook down 0.48%, and Microsoft down 0.74%.

　　Bank stocks rose collectively. JPMorgan Chase rose 1.5%, Goldman Sachs rose 1.13%, Citigroup rose 1.52%, Morgan Stanley rose 1.48%, Bank of America rose 2.45%, and Wells Fargo rose 2.35%.

　　Energy stocks performed strongly, with Exxon Mobil up 2.89%, Chevron up 2.47%, ConocoPhillips up 4.57%, Schlumberger up 5.7% and Occidental Oil up 4.53%.

　　Popular Chinese concept stocks rose in general, Zhongyang Financial rose 52.41%, Daily Youxian rose 24.04%, Noah Wealth rose 18.61%, Leju rose 15.42%, Manbang Group rose 8.48%, Maverick Electric rose 7.29%, Tencent Music rose 6.28%, Pinduoduo rose 4.99%, Alibaba rose 2.64%, Jingdong rose 2.59%, NetEase rose 1.89%, and Baidu rose 1.19%.

In terms of decline, Novartis Furniture fell 13.59%, Zhifu fell 11.38%, Hong En fell 9.48%, and Tucson fell 5.91% in the future; Zhonggai New Energy Automobile stocks rose across the board, NIO rose 3.89%, Xiaopeng Motors rose 7.6%, Li Auto rose 3.78%.

　　In terms of economic data, according to data from the U.S. Department of Labor, the number of Americans applying for unemployment benefits for the first time in the week ended August 6 was 262,000, an increase of 14,000 from the 248,000 who applied for unemployment benefits for the first time in the previous week.

Data showing initial jobless claims have been rising, analysts say, as more companies, especially in the tech sector, are announcing layoffs and hiring freezes amid economic uncertainty.

　　In addition, the US July PPI (producer price index) increased by 9.8% year-on-year, the previous value was 11.3%, and the expected 10.4%; the US July core PPI increased by 7.6% year-on-year, the previous value was 8.2%, and the expected 7.6%.

The lower-than-expected data further dented expectations for a 75 basis point rate hike by the Fed in September.

　　Earlier, data showed that the US CPI (Consumer Price Index) in July was flat month-on-month, up 8.5% year-on-year, also lower than expected.

　　In terms of European stock markets, the three major European stock markets closed mixed.

Germany's DAX fell 0.05% to 13,694.51 points, France's CAC40 rose 0.33% to 6,544.67 points, and the UK's FTSE 100 fell 0.55% to 7,465.91 points.

　　In terms of international oil prices, WTI September crude oil futures closed up $2.41, or 2.62%, at $94.34 per barrel.

Brent crude oil futures for October ended up $2.2, or 2.26%, at $99.60 a barrel.

　　In terms of gold prices, the most actively traded December gold futures price in the New York Mercantile Exchange gold futures market fell $6.5 from the previous trading day on the 11th to close at $1,807.2 an ounce, a decrease of 0.36%.

　　On the U.S. dollar index, the U.S. dollar index, which measures the greenback against six major currencies, was down 0.10% at 105.0900 as of late New York trading.

(Sino-Singapore Jingwei APP)