Beijing time on May 13th news, the market digested the latest CPI data, US stocks were mixed today, the Nasdaq only edged up 6.73 points. As of the close, the Dow fell 103.81 points, or 0.33%, to close at 31730.3 points; the S&P 500 fell 5.1 points, or 0.13%, to close at 3930.08 points; the Nasdaq rose 6.73 points, or 0.06%, to close at 11370.96 point.
Most of the major technology stocks in the Chinese concept stocks rose. Among them, iQiyi, Weilai, and Xiaopeng Motors rose by more than 3%, and Weibo, Pinduoduo, and Baidu rose by more than 1%.
Major U.S. tech giants were mixed:
▲ Major US technology giants
Most of China’s major tech stocks rose:
▲ 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
▲ Twitter’s market value fell to about $9 billion below the acquisition price
Elon Musk’s takeover of Twitter comes as Twitter closed at $45.08 in regular trading today, well below the former’s bid of $54.2 a share and from a high of $51.7 in late April It rose about 13%, suggesting some investors were concerned that the deal could not be completed. At today’s closing price, Twitter was valued at about $35.3 billion, about $9 billion less than Musk’s $44 billion bid.
▲ Investors are worried that the transaction cannot be completed
Although it has been approved by the board of directors, the completion of the transaction is still months away, and the period is subject to change. “The market is less confident that this deal can be done due to regulation,” said Mark Mahaney, an analyst at market research firm Evercore ISI, which is an easy reminder of Twitter’s decline.
▲ Compared with the record high in January, Apple’s market value has evaporated by about 4.7 trillion yuan
In today’s regular trading, Apple’s stock price once bottomed out at $138.8, and finally closed at $142.56, a drop of 2.69% and a low since October last year. Compared with its record high on January 3, Apple’s stock price is about 22% lower, and its market value has shrunk by about $700 billion (about 4710.4 billion yuan), which was surpassed by Saudi Aramco earlier this week.
▲ Apple’s stock price may fall for the seventh week in a row
The tech sector’s slump has been linked to a rise in inflation and interest rates. With Apple shares down nearly 10% this week alone on fears of a recession, the current situation represents a “sudden deterioration” for Apple from near-record highs six weeks ago. Apple shares are on track for their seventh straight weekly decline, which would be the longest losing streak since November 2018. In addition, Apple still faces supply chain challenges and is expected to lose $4 billion to $8 billion in revenue this quarter.
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The post The three major U.S. stock indexes rose and fell, most of the major Chinese technology stocks rose, and iQiyi, Weilai, and Xiaopeng Motors rose by more than 3% – yqqlm appeared first on Gamingsym.