Abstract:
In the early morning of October 31st, Beijing time, the three major U.S. stock indexes closed down across the board, with the Dow Jones Industrial Average falling 1.09% to 51,770.31 points, the S&P 500 Index falling 1.82% to 7,580.07 points, and the Nasdaq Composite falling 2.86% to 25,437 points.
Ranked by market value, as of the close, Apple fell 1.23%, Nvidia fell 4.22%, Microsoft fell 1.54%, Google A fell 1.4%, Google C fell 1.79%, and Amazon fell 1.79%. TSMC fell 1.41%, TSMC fell 5.95%, SpaceX fell 6.39%, Tesla fell 0.87%, Meta fell 1.53%, Broadcom fell 5.48%, and Eli Lilly rose 3.19%.
Apple fell less than Nvidia, surpassing Nvidia (about 4.93 trillion U.S. dollars) with a market value of about 5.03 trillion U.S. dollars, and returned to the world's most valuable company.
The Philadelphia Semiconductor Index fell 7.2%, with 29 of the 30 constituent stocks falling.
Qualcomm fell 11.12%, AMD fell 10.88%, Arm Holdings fell 9.97%, and Texas Instruments fell 3.4%.
Intel's stock price plummeted 28.58%, its second largest single-day decline on record, second only to the 29.9% drop on July 5, 1974.
The storage sector plummeted.
Huirong Technology fell 8.39%, Seagate Technology fell 7.98%, SK Hynix fell 7.95%, and Western Digital fell 7.41%. SanDisk plunged 13.47%. Its first-quarter revenue and profit exceeded expectations, and it announced an 8-for-1 stock split. However, since the stock price has increased by approximately 460% this year, combined with a 29% month-on-month decline in consumer revenue, the market is worried that the high gross profit margin of 85% will be unsustainable.
Optical communication concepts mostly fell.
Tower Semiconductor fell 11.41%, Coherent fell 11.34%, Marvel Technology fell 10.05%, Lumentum fell 8.57%, and Broadcom fell 5.48%.
Chinese concept stocks had mixed gains and losses. The Nasdaq China Golden Dragon Index fell 0.27%, Alibaba fell 1.54%, Pinduoduo fell 0.85%, NetEase rose 1.37%, and JD.com rose 0. 2%, Baidu fell 2.86%, Ctrip rose 2.67%, Li Auto fell 0.99%, Futu Holdings fell 2.98%, Bilibili fell 1.48%, and NIO fell 3.31%.
International oil prices rose on Friday as the market worried that the United States might resume its crackdown on Iran, adding new risks to Middle East supplies.
WTI crude oil for December delivery rose 2.1% to settle at $104.12 a barrel. December Brent crude oil rose 2.4% to settle at $117.64 a barrel; January Brent crude oil contract rose 2.4% to settle at $113.43 a barrel.
International precious metals fell sharply, with spot gold prices falling 3.59% to US$3,876.69 per ounce; spot silver prices falling by 5.85% to US$49.09 per ounce.
It is worth noting that the fall in gold prices has stimulated consumer enthusiasm, and the sales of gold jewelry in many stores have increased significantly. The person in charge of a jewelry retail store in Shuibei told reporters that when customers buy large gold bracelets, they always buy those with higher weight. Sales have nearly doubled compared to last month.
At the same time, the fall in gold prices has driven up the consumption of wedding gold jewelry. Many consumers with wedding needs took advantage of the price correction to come to buy, and store sales increased significantly. "The price of gold has come down this month. Compared with last month, sales have increased by 30% to 40%." In addition to the immediate needs for weddings, zodiac accessories for the Year of the Sheep are also favored by consumers. "The sales volume has exceeded that of zodiac horse accessories, accounting for 50%. "
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