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u.s. stocks closed: the three major indexes collectively fell, and the nasdaq china golden dragon index ended its five consecutive rises

2024-10-04

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financial news agency, october 4 (editor zhao hao)on thursday (october 3), the three major u.s. stock indexes closed collectively lower, as tensions in the middle east made investors worried.

as of the close, the dow jones index fell 0.44% to 42,011.59 points; the s&p 500 index fell 0.17% to 5,699.94 points; the nasdaq composite index fell 0.04% to 17,918.48 points.

the s&p 500 volatility index (vix), known as the "fear index", closed at 20.49, the first time it closed above the 20 mark since september 9. exceeding 20 highlights traders' growing concerns.

on the same day, in response to questions from the media, biden admitted that he was discussing with israel the option of "attacking iranian oil facilities." wti and brent both rose by more than 5% during the day, and the s&p 500 energy sector closed up 1.58%, the best performance among the 11 sectors.

investors are worried that if israel attacks key iranian assets, iran will retaliate violently and escalate the conflict, eventually involving more countries and potentially disrupting global energy transportation.

daniel ghali, senior commodity strategist at td securities, said biden's remarks were a catalyst for rising oil prices. "geopolitical risks in the middle east may be at their highest level since the gulf war."

popular stock performance

large-cap tech stocks mostly lower, (by market capitalization)appledown 0.49%,microsoftdown 0.14%;nvidiarose 3.37%, and the market value returned to above us$3 trillion;googlec fell 0.06%,amazonfell 1.52%, meta rose 1.74%,teslafell 3.36%.

oil and gas stocks mostly higher,marathon oilrose 5.72%,eog energyrose 1.92%,conocophillipsrose 1.87%,exxon mobilrose 0.87%, and chevron rose 0.20%.

in terms of chinese concept stocks, the nasdaq china golden dragon index fell 2.37%, ending five consecutive gains.

most popular chinese concept stocks fell, with fangduoduo falling 13.93%, bilibili falling 8.80%, nio falling 7.07%, xpeng motors falling 7.05%, baidu falling 5.12%, li auto falling 3.61%, and tal falling 3.47%. , alibaba fell 2.09%, tencent music fell 1.60%, jd.com fell 0.45%, and pinduoduo fell 0.06%.

futu holdings rose 8.81%, and has gained 28.37% this month; beike rose 4.64%, and new oriental rose 0.76%.

company news

[nvidia insiders cashed out more than $1.8 billion in stock, and more holding reduction transactions will be carried out]

nvidia insiders have cashed out more than $1.8 billion in the stock market this year, and there may be further selling. nvidia executives and directors reduced their holdings by nearly 11 million shares in 2024, the most since at least 2020 after factoring in the impact of stock splits, according to data compiled by the washington service, but amid nvidia's 24.5 billion outstanding shares the proportion of them is negligible. nvidia's delay in shipping blackwell chips has made investors nervous. in addition, the market is worried about how long technology companies can maintain their high investment in artificial intelligence. the insider selling isn't over yet. ceo jen-hsun huang recently completed a plan to sell 6 million shares, and director mark stevens, who has sold 1.6 million shares this year, disclosed plans to sell an additional 3 million shares.

[openai announces acquisition of us$4 billion revolving loan facility]

openai announced that in addition to a new round of $6.6 billion in financing from major investors, the company has also cooperated with jpmorgan chase, citigroup, goldman sachs, morgan stanley, santander, wells fargo, sumitomo mitsui banking corporation, ubs and hsbc the bank established a $4 billion revolving credit line. openai said this means it now has access to more than $10 billion in liquidity.

[tesla reportedly plans to launch four new batteries in 2026]

according to technology media reports, tesla plans to launch four new batteries in 2026 and is accelerating its plans. it is expected to introduce these technologies in the electric pickup cybertruck battery in the middle of next year.

(zhao hao, financial associated press)