On January 8, the three principal U.S. stock indexes ended the trading session with divergent performances. The Dow Jones Industrial Average dropped 466 points, or 0.94%, settling at 48,996.08. In contrast, the Nasdaq Composite Index edged up 0.16% to close at 23,584.27, while the S&P 500 Index declined by 0.34%, finishing at 6,920.93.

Among large-cap technology stocks, results were a mixed bag. Google's shares surged more than 2%, propelling its market capitalization past Apple's to claim the second spot in market value rankings. Microsoft and Nvidia also fared well, with both stocks climbing over 1%. Intel had an even stronger showing, jumping more than 6%. However, not all tech giants had a positive day; Facebook's shares dipped nearly 2%, and both Tesla and Apple experienced slight declines.

Turning to Chinese concept stocks, which are popular among investors, the majority ended lower. The Nasdaq Golden Dragon China Index, a key barometer for these stocks, fell 1.58%. Nonetheless, there were some bright spots. Tencent Music and Alibaba saw their shares rise more than 5%, and Bilibili's stock jumped over 6%. XPeng and JD.com also posted gains, with increases of more than 2%. On the downside, Baidu and iQIYI saw their shares decline more than 2%, and NIO's stock fell over 1%.