US stocks opened sharply lower, and the S&P 500 also fell into a technical bear market.

On the evening of April 7th, Beijing time, US stocks opened significantly lower. As of 9:35 PM Beijing time, the Dow Jones Industrial Average fell by 3.47%, the Nasdaq Composite Index fell by 4.15%, and the S&P 500 Index fell by 3.81%, falling 20% from record highs and entering a technical bear market. Previously, the Nasdaq Composite had entered a bear market last Friday (April 4th).

In addition, technology stocks and semiconductor stocks were also hit hard, with NVIDIA falling more than 7%, Tesla falling nearly 7%, Intel and Apple falling nearly 6%, Amazon and AMD falling over 5%, and ASML falling more than 3%.

Original article: https://www.toutiao.com/article/7490569770740285993/

Disclaimer: The article reflects only the views of the author. Please express your opinions by clicking the "Like/Dislike" buttons below.