On August 20, the U.S. stock market concluded the day with mixed performances across its three major indices. The Dow Jones Industrial Average inched up slightly by 0.04%, whereas the S&P 500 index slipped by 0.24%, and the Nasdaq Composite Index fell by 0.67%. Large-cap technology stocks generally took a hit, with Intel plummeting nearly 7%, and other tech giants like Apple, Amazon, Google, and Tesla all losing more than 1%. Microsoft, Meta, Nvidia, and Netflix also experienced minor declines. Among popular Chinese stocks, the market's reaction was mixed, with Futu Holdings soaring over 6%, Tiger Brokers gaining more than 4%, and Miniso climbing over 3%. Additionally, Bilibili and iQIYI witnessed slight upticks in their share prices. Conversely, Baidu declined more than 2%, XPeng and Li Auto both dropped over 1%, and Pinduoduo, Alibaba, and JD.com reported minor decreases in their share prices.
