As of the closing of US stocks on May 11 local time, the three major US stock indexes collectively closed down, with the Dow index down 326.63 points, or 1.02%, to 31834.11; The NASDAQ fell 373.43 points, or 3.18%, to 11364.24; The S & P 500 index fell 65.87 points, or 1.64%, to 3935.18.
Internet, semiconductor, medicine and other sectors all fell, with Roche down more than 9%, Tesla down more than 8%, NVIDIA down 5.5%, Qualcomm down 3.3% and Intel down 2.68%; Meta fell more than 4.5%, while Microsoft and Amazon both fell more than 3%.
Apple fell 5.18%, and its market value of $129.6 billion evaporated. Its total market value temporarily lost its first place in the world
It is worth noting that apple fell 5.18%, and the market value of $129.6 billion evaporated overnight. The latest total market value was $2.37 trillion, and the total market value lost the first place in the world.
Saudi Aramco's share price surged to an all-time high on Wednesday, with a market value of about $2.43 trillion, surpassing Apple's market value for the first time since 2020. In fact, Saudi Aramco made its market value reach 9.19 trillion Riyals ($2.45 trillion) at the price of 45.95 Riyals ($12.25) per share on Tuesday, briefly surpassing apple. However, apple closed up 1.6% on Tuesday to close at $154.51 per share, with a market value of $2.5 trillion, temporarily stabilizing its position as the world's No. 1.
Saudi Aramco's market value has risen all the way with the help of the recent large-scale selling of US stocks and the soaring oil price. Since last year, crude oil prices have risen by about 60% due to concerns about the shortage of crude oil supply caused by increased demand for crude oil and limited domestic energy production. In April, both crude oil of oil distribution and WTI rose for the fifth consecutive month.
Saudi Arabia's capital expenditure is expected to increase from $13.9 billion a day in March to $12.2 billion a day in 2022, and the company's capital expenditure is expected to increase from $31.9 billion a day in 2022.
Tesla fell more than 8%, and the market value of $68.4 billion evaporated overnight
As of the closing on May 11 local time, Tesla fell more than 8%, and the market value of $68.4 billion evaporated overnight.
On May 11, according to the latest sales data of the national passenger car market released by the passenger Federation, Tesla China's output in April was 10757, and the domestic wholesale volume was 1512, down 97.60% from 65814 in March. Among them, the wholesale volume in April was delivered domestically, not involving export.
According to time finance, Tesla China said, "different from the way traditional manufacturers accumulate a large number of inventory vehicles, Tesla's direct sales model allows vehicles to be directly sent to users from the production line, truly realizing zero inventory in the automotive industry. When Tesla Shanghai Super factory was impacted by the epidemic in April, the production end directly affected the delivery end."
In addition, in April this year, the retail sales volume of new energy passenger vehicles was 282000, an increase of 78.4% year-on-year and a decrease of 36.5% month on month; The wholesale sales volume was 280000 vehicles, with a year-on-year increase of 50.1% and a month on month decrease of 38.5%. The passenger Federation said that the sales volume of new energy vehicles decreased significantly month on month in April, mainly due to the impact and impact of the current epidemic.
Zhonggai shares fell sharply
Energy stocks bucked the trend, with ExxonMobil up 2.09% and Chevron up 1.49%. China concept stocks fell sharply, Baiji Shenzhou fell more than 15%, and iqiyi fell nearly 12%.
US oil futures closed sharply up nearly 6%
WTI June crude oil futures closed up 5.96% to US $105.71/barrel. Brent July crude oil futures closed up 4.7% to $107.27 a barrel.
On the news front, according to CCTV news on May 12, the data released by the US Department of labor on the same day showed that the US consumer price index (CPI) rose 0.3% month on month and 8.3% year-on-year in April. Although the year-on-year increase of CPI in April narrowed slightly compared with 8.5% in March, it is still at an all-time high, indicating that inflationary pressure continues to exist. As the market is worried that the Federal Reserve may trigger an economic recession by aggressively raising interest rates to curb inflation, the correction of US stocks has intensified recently.