Original title: waking up overnight, apple, Amazon, Google and others evaporated trillion yuan! Is it an important step for the US government to declare war on Silicon Valley?
On Monday, the three major U.S. stock indexes closed mixed. Dragged down by the collective adjustment of technology stocks, the NASDAQ index closed down more than 1%.
Wake up one night, Facebook, apple, Amazon, Netflix and Google's market capitalization evaporated more than 1 trillion yuan.
The three major U.S. stock indexes closed mixed on Monday
The NASDAQ fell sharply
U.S. stocks opened low on Monday. At the close, the S & P 500 index and the Nasdaq composite index all closed down, with declines of 0.28% and 1.61% respectively, while the Dow Jones industrial index remained basically unchanged.
The US Manufacturing Purchasing Managers' index for may released on Monday was 50.5, a 10-year low, and the ISM manufacturing index was 52.1, a 31 month low. The two data show that the US economy has been affected by the international trade situation.
The market's expectation of the Fed's interest rate cut is rising, and the yield of two-year US bonds, which is most sensitive to interest rate changes, fell sharply. Gold once again became the first choice of safe haven assets, breaking through $1320 in intraday trading.
The stock prices of American technology giants fell sharply
Earlier, several U.S. regulators were preparing to launch antitrust investigations against technology giants such as Google, Facebook and Amazon. On Monday, the U.S. judiciary obtained the judicial power to investigate apple.
Following the news, the stock price of American technology giants fell sharply, leading the Nasdaq, with a total market value of $137 billion evaporated in one day. This marks an important step in the trump administration's declaration of war on Silicon Valley, after trump believed that these technology companies suppressed the speech of Republicans.
Apple shares fell 1.01%, Google fell 6.12%, Facebook fell 7.51% and Amazon fell 4.64% on Monday...... The market value of faang (Facebook, apple, Amazon, Netflix and Google parent company alphabet) evaporated more than 1 trillion yuan a day.
International oil prices fell again
Oil prices fell again on Monday, with the WTI of us light crude oil delivered in July closing at US $53.25 a barrel.
The aggressive trade policy of the US government hit market confidence, and risky assets, including crude oil, had a dismal start in June. Saudi Arabia hinted that OPEC and its allies might continue to reduce production, narrowing the decline in oil prices.