Major U.S. Stock Indexes Fall Across the Board, Technology Stocks Lead Decline

(Original title: The three major U.S. stock indexes fell across the board, with large technology stocks leading the decline)

According to Securities Times e company, the three major U.S. stock indexes fell across the board. As of the close, the S&P 500 fell 0.94% to 4,402.20 points; the Dow fell 0.22% to 34,440.88 points; and the Nasdaq fell 1.53% to 13,469.13 points. The Federal Reserve announced the results of its September monetary policy meeting and decided to keep the benchmark interest rate unchanged at a range of 5.25%-5.50%, in line with market expectations. Large-scale technology stocks were among the top losers, with Google falling more than 3%, Netflix, Microsoft, Nvidia, etc. falling more than 2%; chip stocks fell collectively, with Intel and Arm falling more than 4%. Popular Chinese concept stocks had mixed gains and losses, with NIO rising more than 3%. NIO’s first smartphone will be released on September 21. Wuxin Technology rose by more than 3%, and Beike rose by more than 2%. Xpeng Motors fell more than 6%.

2023-09-20 23:09:00
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