U.S. stocks repeat intraday turn down Tesla fell more than 11% Natural gas soared nearly 50% a day

First there is the "eagle" Fed Chairman Powell, followed by the supply chain warning Tesla, the recent rebound of the US stock market has been repeatedly frustrated.

Despite the new outbreak caused by the Opichron virus, THE US GDP growth in the fourth quarter was still higher than expected. The three major U.S. stock indexes opened high collectively, but failed to rebound successfully for the second consecutive day due to intraday turns. Some blue-chip tech stocks have become the culprits. Supply chain problems are expected to continue throughout the year and Tesla, which has postponed the release of new models, opened low and went low, expanding the midday decline to more than 10%, and Tesla's sector led the decline in S&P. In addition, Apple turned down in the afternoon session, and Intel, whose earnings guidance was lower than expected, fell about 7% intraday, and chip stocks overall underperformed the market, which also increased the downward pressure on US stocks. However, after the news that fund mogul Bill Ackman recently bought 3.1 million shares, Netflix surged more than 8% intraday, becoming a rare highlight of technology stocks; Apple announced that its fourth-quarter revenue was better than expected and reached a new high after hours, and it stopped falling back after hours.

The day after Powell signaled plenty of room for rate hikes and possibly faster and earlier balance sheet reductions, the rate-sensitive 2-year Treasury yield continued to refresh nearly two-year highs, while benchmark 10-year Treasury yields fell back, at one point 1.80 percent, more than 8 basis points from Wednesday's intraday high; the dollar index moved higher, hitting the 97.00 mark for the first time in two years.

Among commodities, U.S. natural gas futures emerged as the biggest winner on Thursday, with the natural gas futures market staging a classic short-selling on the day the February contract expired, with futures prices soaring nearly 50 percent in one day and more than 70 percent intraday. Under the pressure of a stronger dollar, gold futures plunged 2% for the first time in three weeks and closed below the $1,800 psychological mark for the first time in more than two weeks; U.S. crude oil flattened more than 1% of intraday gains and turned down, and Brent crude oil both fell away from more than seven-year highs; and most industrial metals such as Rendsey fell back.

In the European market, under the hawkish posture of the Federal Reserve, the yields of government bonds in some European countries rose further, and after domestic political groups hinted that they wanted to speed up the consultation of presidential candidates, the price of Italian government bonds rebounded intraday and the yield stopped rising and fell back. Defensive sectors such as utilities weighed on the pressure to support European stocks for three consecutive days, but the rally was significantly more moderate than on Wednesday. Deutsche Bank led the rise in the pan-European stock index constituents, which unexpectedly did not lose money in the fourth quarter, recorded a sixth consecutive quarter of profit and profits almost tripled a year ago, and last year's full-year profit hit a new high in 2011. The technology sector bucked the trend, with Sap, Europe's largest software company and German enterprise software giant SAP, which agreed to buy a majority stake in U.S. financial science company Taulia.

S&P hit a three-month low Nasdaq hit a new eight-month low on Tuesday Tesla's sector led the decline Netflix against the market And Apple jumped after hours

The three major U.S. stock indexes collectively opened high, and when the morning session refreshed the daily high, the Dow Jones Industrial Average slightly exceeded 600 points and rose nearly 1.8%, the S&P 500 Index and the Nasdaq Composite Index rose by more than 1.8% and 1.6% respectively, and the noon session turned down one after another, and when the daily low was refreshed, the NASDAQ and S&P fell by more than 0.9% respectively, and the Dow fell slightly more than 160 points, down nearly 0.5%.

The three major indexes narrowed in the end of the session, the Dow turned up, and finally closed down collectively, the Dow closed down slightly by 7.31 points, down 0.02%, at 34160.78 points, two consecutive days to hit a new low since December 1 last year, and the S&P 500 fell for three consecutive days; the S&P closed down 0.54% at 4326.51 points, a new low since October 4 last year, the third consecutive day to hit a new low since October last year; the NASDAQ closed down 1.4%, At 13352.78 points, it hit a new low since May 19 last year, and hit a new low since May last year on the second day of the last three trading days.

Russell, a small-cap stock index dominated by value stocks, turned down in early 2000, closing down 2.28%, falling for three consecutive days and outperforming the broader market for two consecutive days. The technology-weighted Nasdaq 100 closed down 1.2 percent, smoothing Wednesday's gains and posting a new low since June 16 last year.

Five of the S&P 500 sectors closed lower on Thursday, with Tesla's consumer discretionary sector, which fell nearly 2.3%, followed by real estate, which fell more than 1.7%, finance and industry, which both fell more than 0.9%, and Apple's IT sector, which fell nearly 0.7%. Among the six sectors that closed up, energy, which rose more than 1.2%, led the way, followed by utilities that rose nearly 0.8%, and healthcare, which rose at the bottom, rose more than 0.1%.

Leading tech stocks rose and fell, with the worst-performing Tesla closing down more than 11.5 percent, a new low since Oct. 14 last year, and its biggest closing decline since Nov. 9, with a market value that evaporated by $100 billion in a day. Among the six major technology stocks of the original FAANMG and now GANMMA, Netflix closed up about 7.5%, Microsoft rose more than 1%, and after announcing the better-than-expected four-season report, Amazon rose more than 0.5%, while the meta formerly known as Facebook closed flat, Apple fell nearly 0.3%, and Google's parent company Alphabet fell nearly 0.2%. After hours, Apple jumped after announcing its earnings report, rising as much as 4% at one point.

Chip stocks outperformed the broader market overall, with the Philadelphia Semiconductor Index and semiconductor industry ETF SOXX both closing more than 4 percent. Intel closed down about 7 percent. LRCX, which reported weaker-than-expected quarterly revenue guidance due to ongoing supply chain issues, fell nearly 7 percent. Seagate Technologies (STX), which raised its long-term profit target, closed up more than 7.6 percent.

Among the other stocks that reported earnings, Robinhood (HOOD), an internet celebrity brokerage that closed down more than 6%, announced after hours that it expected a sharp decline of 35% year-on-year revenue in the first quarter of this year, far behind expectations, and the stock price of the stock plunged after hours, falling by 15%; Teradyne (TER), which was weaker than expected and warned of a slowdown in demand for a major end market this year, closed down more than 22%; and profit and revenue in the fourth quarter were higher than expected and were replaced by Piper Sandler raised its rating to overweight cloud software company ServiceNow (NOW), which closed up more than 9 percent; Ball Corp. (BLL), which outperformed expectations in the fourth quarter and said demand continued to grow faster than supply, rose nearly 8.6 percent; and Pacific Corp., which outperformed expectations in the fourth quarter and raised its first-quarter earnings guidance. Of America (PKG) rose nearly 7.6 percent; McCormick (MKC), which had better-than-expected quarterly revenue and earnings, rose 6.8 percent.

At the same time that Tesla fell, new energy vehicle stocks fell, Lucid closed down more than 14%, Sono Group fell more than 12%, Freyr battery fell more than 9%, Fisker, Nikola fell about 9%, Lordstown, Faraday Future fell more than 8%; among the three new forces of Chinese car manufacturing, Xiaopeng Automobile fell more than 12%, Weilai Automobile and Ideal Automobile fell more than 6%.

Most of the popular Chinese stocks fell, with Chinese ETFs KWEB and CQQQ both closing down more than 3%. Ebang International fell more than 19%, Fun Live, Kingsoft Cloud and Good Future fell more than 13%, Tuya Intelligent fell more than 10%, Zhangmen Education fell nearly 10%, New Oriental fell more than 8%, Wuxin Technology fell nearly 8%, JD.com and Pinduoduo fell more than 6%, Station B fell nearly 6%, Vipshop fell more than 4.2%, Baidu fell more than 3%, Luckin Coffee fell more than 2%, Alibaba fell more than 1%, Tencent ADR fell slightly, and Douyu rose more than 14%.