Beijing time on May 6th news, U.S. Treasury bond yields soared, eBay and other e-commerce performances were weak, the US stock market rally driven by Fed Chairman Powell’s remarks yesterday lost momentum, panic selling emerged, and US stocks closed sharply lower. As of the close, the Dow fell 1,063.09 points, or 3.12%, to close at 32,997.97 points; the S&P 500 fell 153.3 points, or 3.56%, to close at 4,146.87 points; the Nasdaq fell 647.16 points, or 4.99%, to close at 12,317.69 point.
The major technology stocks in the Chinese concept stocks fell across the board. Among them, Weilai fell by more than 15%, Xiaopeng Motors and iQiyi fell by more than 13%, Pinduoduo fell by more than 11%, and Bilibili fell by more than 10%. Bo also fell 3.4%.
Major U.S. tech giants all fell:
▲ Major US technology giants
Major Chinese tech stocks fell across the board:
▲ China’s major technology stocks
China concept stock price
Other Chinese concept stocks that rose include:
▲ Other Chinese concept stocks that have risen
Companies that fell include:
▲ Other Chinese stocks that fell
US/Foreign tech stocks
Other foreign tech stocks that rose included:
▲ Other foreign tech stocks that rose
Companies that fell include:
▲ Other foreign tech stocks fell
▲ Musk pulled in $7.1 billion to acquire Twitter
Elon Musk disclosed Thursday that he has contacted 20 investors who will put up $7.1 billion for Twitter, including Oracle founder Larry Ellison and Qatar’s sovereign wealth fund . “This is a smart financing and strategic move by Musk that will be welcomed by all parties,” Wedbush analyst Dan Ives said in a Thursday investment report. “It points to the possibility of Musk completing the Twitter acquisition by the end of the year.” increasing.”
▲ Pulling in $7.1 billion is a win-win for Twitter and Tesla shareholders
The news is a win-win for Tesla and Twitter shareholders. To the delight of Twitter shareholders, with the acquisition funding in place, the likelihood that the deal will be finalized increases; for Tesla shareholders, attracting new investors means less Musk has to contribute, which means It’s less likely that Musk will sell a lot of Tesla stock.
▲ Amazon’s stock price hit a 52-week low due to “pig teammates”
In today’s regular trading, Amazon’s stock price once bottomed out at $2,301.45, down more than 8% and hitting a 52-week low. Disappointing results and outlooks from eBay, Shopify, Etsy and Wayfair also weighed on Amazon shares, all of which warned of slowing demand for online shopping and the need to invest aggressively to meet emerging demand. Amazon’s stock price has fallen 30% this year, more than the 21% drop in the Nasdaq.
▲ Supply chain issues and inflation squeeze Amazon profits
Amazon’s own results were not upbeat either, saying profits were affected by supply chain and inflation. Amazon sales rose 7% in the first quarter to a more than 20-year low. Amazon also expects the same factor to hit $4 billion in profit in the second quarter. Evercore ISI analyst Mark Mahaney warned, “Amazon’s size and diversification make it impossible to survive an unfavorable macro environment, as reflected in its EPS and outlook. “
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