On November 7 (local time), the three principal U.S. stock indices concluded trading with a mixed outcome, halting their prior three-week consecutive upward trend. The Nasdaq Composite Index dipped by 0.21%, culminating in a weekly decline of 3.04%. Meanwhile, the S&P 500 Index edged up by 0.13%, albeit suffering a 1.63% loss over the week. The Dow Jones Industrial Average also saw a modest increase of 0.16%, yet recorded a 1.21% weekly decrease.

The performance of large-cap technology stocks was a mixed bag. Tesla's shares plummeted by over 3%, while Google's stock dropped more than 2%. Apple and Microsoft also experienced slight declines. Notably, Microsoft's shares fell for eight consecutive trading days, marking its longest losing streak since November 2011. In contrast, Intel's shares rose by over 2%. Nvidia, Netflix, Amazon, and Meta each posted slight gains.

The majority of popular Chinese American Depositary Receipts (ADRs) witnessed a downturn, with the Nasdaq Golden Dragon China Index declining by 0.95%. However, Vipshop's shares rose by over 2%, whereas XPeng and other stocks experienced significant declines.