On June 25, as the U.S. stock market drew to a close, the three major indices exhibited a range of performances. The Nasdaq index experienced a downturn, closing 0.46% lower, while the S&P 500 index saw a marginal dip of 0.01%. In contrast, the Dow Jones Industrial Average managed to climb 0.14%. Within the technology sector, the results were a mixed bag, with chip stocks standing out as strong performers. SanDisk's shares skyrocketed, finishing more than 21% higher, and Micron Technology's stock surged over 15%. On the downside, Apple's shares plummeted by more than 6%, with Microsoft and Amazon both experiencing declines exceeding 3%. Meta's shares dropped over 2%, and Nvidia's fell by more than 1%. Among popular Chinese concept stocks, the overall trend was downward, with Alibaba and Li Auto both seeing their shares fall over 4%. Pinduoduo, Baidu, and NIO all witnessed drops exceeding 3%, while NetEase, XPeng Group, and Bilibili each saw declines of over 2%. JD.com's shares also fell, albeit by a more modest margin of over 1%.
