As night falls and the lights come on, financial markets around the world are like a precision-operated machine, and the rotation of each gear affects the hearts of countless investors. On such an ordinary yet extraordinary day, the U.S. stock market suddenly changed and once again became the focus of attention of the global financial circle. On November 15, local time, the three major U.S. stock indexes fell collectively, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite Index closing at a drop of 0.7%, 1.32% and 2.24% respectively. Such performance not only surprised investors, but also set the tone for the coming week. The Dow fell 1.24% this week, the S&P 500 fell 2.08%, and the Nasdaq fell 3.15%, setting a new record for the largest weekly drop since early September.
In this turbulent market, the "Seven Sisters of Technology" were not spared. These once-glorious technology giants are now facing the dilemma of shrinking market value. The Wind US Technology Seven Giants Index fell by 2.46%, with Amazon and Facebook (Meta) leading the decline, falling by more than 4%, followed by Nvidia, which fell by more than 3%. Although Microsoft and Google fell relatively less, they also failed to escape the baptism of the market. Only Tesla rose against the trend, with an increase of more than 3%, which may be a recognition of Musk's innovative spirit.
At the same time, the leaders of the chip industry were not immune. The share price of semiconductor equipment manufacturer Applied Materials fell by more than 9%. Its pessimistic forecast for future performance has undoubtedly exacerbated the panic in the market. The share prices of ASML, Microchip Technology and other companies have also fallen to varying degrees, which reflects the challenges faced by the entire industry - weak demand and pressure from technology updates.
However, in this storm of global capital markets, Chinese assets have shown a different style. The Nasdaq China Golden Dragon Index rose by 0.82% against the trend. Chinese concept stocks such as Kingsoft Cloud and JD.com performed particularly well, with increases of 8% and nearly 5% respectively. This is not only a recognition of the strength of Chinese companies, but also a positive attitude of international investors towards the potential of the Chinese market. Although Alibaba and iQiyi have fallen slightly, overall, the performance of Chinese concept stocks is still strong.
In this game of capital market, the change of news is undoubtedly one of the important driving forces. With the release of the US October retail sales data and the speech of Fed Chairman Powell, the market's expectations for the Fed's December rate cut have changed subtly. Although the retail sales data was slightly better than expected, Powell's remarks were obviously more critical. He pointed out that the Fed was not in a hurry to take action to cut interest rates. This statement directly led to a decline in the market's expectations for rate cuts, which in turn suppressed the stock market.
In the world of Bitcoin, everything seems to be more direct and faster. In the past few days, the price of Bitcoin has been like a wild horse, soaring to a record high of $94,065.00. This wave of market has not only made many investors rich, but also triggered the market's infinite imagination about the future of digital currency. However, high returns are often accompanied by high risks. The drastic fluctuations in the cryptocurrency market remind every participant that cautious investment and rational judgment are the long-term solutions.
In this competition of financial markets, whether it is the decline of US stocks, the rise of Chinese stocks or the crazy rise of Bitcoin, they are just part of the global economic chess game. The interaction between them constitutes this complex world full of opportunities and challenges. Facing the future, whether you are an experienced veteran or a newcomer to the market, you need to stay vigilant, keep up with the pulse of the market, and seize every possible opportunity. #BTC冲破9万 #美国CPI公布后降息预期上升 #市场回调，观望还是上车？
