[The three major U.S. stock indexes closed down collectively for four consecutive days, #Netflix hit the biggest one-day decline in nine and a half years #] On Friday, local time, the U.S. stock market continued to assess the trend of U.S. Treasury yields and the acceleration of the Federal Reserve

On Friday, local time, the US stock market continued to assess the trend of US Treasury yields and the prospect of the Federal Reserve to accelerate the tightening of monetary policy, investors continued to sell risky assets such as high-growth stocks, and the three major stock indexes in the New York stock market closed down collectively for the fourth consecutive trading day. By the close, the S&P 500 had lost the 4400-point round mark and closed below the 200-day moving average for the first time since 2020. The NASDAQ has fallen more than 14 percent from its November high.

Leading technology stock "avalanche" Netflix hit the biggest one-day decline in nine and a half years

Weighed on by rising expectations of fed rate hikes, technology stocks have continued to oscillate downward since the end of last year. Leading technology stocks suffered a major setback across the board on Friday. Streaming giant Netflix was the first in the tech sector to report earnings but fell short of expectations, and its paying users' growth forecast in the first quarter of this year was far lower than analysts had previously expected, and Netflix shares plunged nearly 22% on Friday, the biggest one-day decline since July 2012. As of Friday's close, Netflix had given back all of its gains since the outbreak of COVID-19. The Netflix plunge also dragged down its streaming rival Disney, which plunged nearly 7 percent on Friday, leading the Dow. In addition, Amazon and Facebook, renamed "Meta", have both fallen more than 20% from their previous highs and entered a technical bear market.

All three major U.S. stock indexes have fallen cumulatively this week

Under the impact of the wave of selling, all three major US stock indexes have fallen this week. Both the Dow and nasdaq recorded their biggest weekly declines since October 2020, while the S&P 500 recorded their biggest weekly declines since March 2020, or 22 months. Morgan Stanley's latest analysis predicts that if the Fed tightens monetary policy faster than expected, the S&P broader-sized market could correct downwards by 10 to 20 percent in the first half of this year. Currently, the S&P 500 has fallen about 8% from its all-time high.

Europe's three major stock markets fell significantly

In the European market, high inflation and bearish economic data have put the stock markets of major European countries under pressure. In terms of economic data, the UK consumer confidence index slipped to -19 in January, the lowest level since February 2021. UK retail sales fell 3.7% month-on-month in December, well above expectations. Weighed down by multiple bearish factors, Europe's three major stock indexes closed down significantly, with the German stock market falling nearly 2%.

Investors took profits on the 21st international oil prices fell

In the crude oil market, when international oil prices climbed to a high level of more than seven years, the Commercial Crude Oil Inventories and Gasoline Inventories of the United States last week increased month-on-month, and investors worried that oil prices were weak in the short term, taking advantage of the opportunity to take profits, and international oil prices fell for the second consecutive trading day. (Reporter Gao Yan)