U.S. Stock Movement | Nasdaq Drops 1.83%, Star Tech Stocks Decline, Intel Falls Over 6%
On Tuesday, the three major U.S. stock indices opened lower collectively, with the Nasdaq dropping 1.83%. Star tech stocks fell broadly, with Intel down over 6%, NVIDIA, Broadcom, and Oracle down over 4%, and Tesla and Taiwan Semiconductor down over 3%. On the news front, although both China and the U.S. have signaled an open attitude towards trade negotiations, market observers from institutions such as Morgan Stanley, Evercore ISI, and JP Morgan still believe that investors eager to "buy the dip" should remain cautious, as short-term volatility risks have not dissipated. High valuations combined with the risk of a U.S. government shutdown and trade uncertainties could amplify economic losses. Additionally, the U.S. government shutdown has lasted for 13 days, causing chaos for federal public affairs and government employees, and creating adverse effects in the financial markets. U.S. Treasury Secretary Janet Yellen warned on Monday that the government shutdown has already impacted the economy. The Republican and Democratic parties remain deadlocked over the funding plan, and since the shutdown began earlier this month, several air traffic controllers in the U.S. have taken sick leave, leading to airport delays, while the closure of landmark attractions has affected the tourism industry
According to Zhitong Finance APP, on Tuesday, the three major U.S. stock indexes opened lower collectively, with the Nasdaq dropping 1.83%. Star tech stocks fell broadly, with Intel (INTC.US) down over 6%, NVIDIA (NVDA.US), Broadcom (AVGO.US), and Oracle (ORCL.US) down over 4%, and Tesla (TSLA.US) and Taiwan Semiconductor (TSM.US) down over 3%. On the news front, although both China and the U.S. have signaled an open attitude towards trade negotiations, market observers from institutions such as Morgan Stanley, Evercore ISI, and JP Morgan still believe that investors eager to "buy the dip" should remain cautious, as short-term volatility risks have not dissipated. High valuations combined with the risk of a U.S. government shutdown and trade uncertainties may amplify economic losses.
In addition, the U.S. government shutdown has lasted for 13 days, causing chaos for federal public affairs and government employees, and creating adverse effects in the financial markets. U.S. Treasury Secretary Janet Yellen warned on Monday that the government shutdown has already impacted the economy. The Republican and Democratic parties remain deadlocked over the funding plan. Since the shutdown began at the beginning of the month, several air traffic controllers in the U.S. have taken sick leave, leading to airport delays, while the closure of landmark attractions has affected the tourism industry
