On October 23, during Thursday's market closing, US stocks exhibited a mixed performance. The Nasdaq took a significant hit, initially plummeting by 2.6%. The S&P 500 index also experienced a decline, dropping 1.2%. In contrast, the Dow managed to eke out a marginal gain. The technology sector, in general, faced setbacks. SpaceX's stock declined by 9%, Meta Platforms saw a nearly 7% drop, Nvidia's shares fell by 4.4%, SK Hynix slipped by 8%, and Moderna's stock plummeted by a substantial 17%. Simultaneously, the Nasdaq Golden Dragon China Index also witnessed a downturn, falling by 1.19%. Notably, Alibaba's and NetEase's stocks dropped by more than 2% and 3%, respectively.
