On November 12, all three major U.S. stock indices ended the day in negative territory, with the Nasdaq slipping 0.39%, the Dow falling 0.36%, and the S&P 500 declining 0.35%. Among large-cap tech stocks, performance was mixed: Nvidia tumbled more than 4%, shedding $182 billion in market value; SK Hynix dropped over 3%; Netflix and Intel each fell more than 2%; while Apple and Meta posted slight losses. Nvidia GPU rivals Broadcom and AMD gained over 5%, Google and Tesla rose more than 1%, and Microsoft and Amazon edged slightly higher. Popular Chinese concept stocks broadly retreated, with iQiyi and Alibaba plunging over 7%, NIO dropping more than 5%, XPeng, Li Auto, and Bilibili each falling over 3%, and Baidu and Weibo declining more than 2%.
