US Stocks Continued To Fall Across The Board On Friday: Popular Chinese Stocks Fell By More Than 10%

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On Friday us time, the main stock indexes of US stocks closed down, with declines recorded this week. Investors raised concerns that the US economy might fall into stagflation and evaluated the April employment data. The Dow Jones index closed at 32899.37, down 98.60 points, or 0.30%; The standard & Poor's 500 index closed at 4123.34, down 0.57%; The Nasdaq composite index closed at 12144.66, down 1.40%.

Large tech stocks generally fell, Apple Rise against the trend, but not more than 1%; Naifei fell nearly 4% and meta fell more than 2%.

Most leading chip stocks fell, while Broadcom and AMD rose against the trend, of which amd rose more than 1%.

Electric vehicle stocks generally fell, Tesla fell 0.87%, rivian fell 6.25%, and Faraday rose 3.04% against the trend in the future; Weilai fell 2.99%, Xiaopeng fell 3.59% and ideal fell 3.46%.

Zhonggai e-commerce stocks generally fell, with Alibaba down 4.85%, jd.com down 6.36% and pinduoduo down 5.19%.

Zhonggai online education stocks generally fell, with Netease Youdao down 9.12%, gaotu down 6.33%, tal down 4.20% and New Oriental down 2.48%.

Other popular Chinese concept stocks generally fell, including Zhihu fell 12.64%, Didi fell 10.31%, manbang fell 9.33%, boss direct employment fell 8.26%, baidu fell 5.90% and BiliBili fell 3.02%.

Specifically, the main technology stocks in US stocks are as follows:

The main chip stocks in US stocks are as follows:

The main Chinese concept stocks listed in the United States are as follows:

Keith Lerner, CO chief investment officer of truist advisory services, said: "to say the least, the market is chaotic and unstable this week. Our current market is somewhat volatile."

According to a report released by the Bureau of Labor Statistics on Friday, the United States added 428000 jobs in April. But last month's severe labor shortage barely improved, which could make investors more worried about inflation, which has risen to its highest level in 40 years. Economists had expected the United States to add 400000 jobs in April.

The sharp decline in U.S. productivity data for the first quarter released on Thursday, U.S. time, and the rise in unit labor costs were also considered to be factors in the decline of the stock market that day. This contradicts the assertion of Powell and other senior Fed officials that they can achieve the so-called soft landing - reducing inflation without stalling economic growth.

At the same time, the trend of the US Treasury market seems to have affected the stock market. On Friday us time, the yield of 10-year US Treasury bonds rose to 3.13% for the first time since 2018, but fell back later in the day.

This week, the Dow Jones index and the S & P 500 index fell 0.2% and the NASDAQ index fell 1.5%. Dow Jones market data showed that the NASDAQ and the standard index fell for the fifth consecutive week, while the Dow fell for the sixth consecutive week.

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