On Monday, May 9, EST, the three major U.S. stock indexes fell across the board, and by the close, the Dow was down 1.99%, the NASDAQ was down 4.29%, and the S&P 500 was down 3.20%.
Big tech stocks fell collectively, with Amazon down more than 5 percent, Netflix down more than 4 percent, Meta, Microsoft, Apple down more than 3 percent, and Google down more than 2 percent. Chip stocks fell across the board, WITH AMD and Nvidia down more than 9%, ON Semiconductors and GF down more than 7 percent, Asmay fell nearly 7 percent, Applied Materials fell 6 percent, Nikko Semiconductor and TSMC fell nearly 5 percent, ST Semiconductor and Qualcomm fell more than 4 percent, UMC fell nearly 4 percent, Micron Technology and Scarlett fell more than 3 percent, and Broadcom, Intel, and NXP Semiconductors fell more than 2 percent.
List of leading tech stocks:
List of leading technology stocks:
The popular Chinese stocks continued their downward trend, with the KWEB index, the equivalent of the "China Index", falling by more than 6%. E-commerce, audio and video, online education, and blockchain sectors fell across the board, with Pinduoduo and JD.com falling more than 8%, and Alibaba falling more than 5%; iQiyi fell more than 10%, Bilibili fell nearly 10%; New Oriental fell more than 16%, and NetEase Youdao fell more than 13%; Canaan Technology fell more than 25 percent, and Bit Mining fell more than 18 percent.
In terms of other Chinese stocks, Waterdrop fell more than 15%, Kingsoft Cloud and Didi fell more than 10%, Good Future fell more than 9%, Zhangmen Education, Huya, Baidu, Wuxin Technology fell more than 8%, Shell and Qutoutiao fell more than 7%, Sohu, Vipshop, Zhihu fell more than 5%, Litchi, NetEase, Huanju fell more than 4%, Weibo, daily excellent fresh fell more than 3%.
List of leading Chinese stocks:
List of leading Chinese stocks:
The new energy vehicle sector fell hard, Tesla fell more than 9%, Xiaopeng Automobile fell more than 10%, Weilai and Ideal Automobile fell more than 9%, Xiaopeng Automobile fell more than 10%, and Rivian fell more than 20%.
"Tesla rivals", last year's hottest IPO, pure electric pickup truck and SUV maker Rivian fell nearly 21%, the lowest since the listing, down 87% from the all-time high of "ankle slash" in November last year. Ford, the 11 percent majority shareholder, will sell 8 million shares, and unknown sellers want to sell between 13 million and 15 million shares, sparking speculation that another major shareholder, Amazon.
In "Wei Xiaoli", Weilai fell more than 9%, the lowest since August 2020, And Xiaopeng Automobile and Ideal Automobile fell by about 10%, erasing all the gains since March 14.
Faraday's future drop of more than 16% to an all-time low, just released in the third quarter of 2021, shows that the net loss per share in the quarter is five times the size of the loss a year ago. Electric pickup maker Lordstown faced cashlessness, falling nearly 19 percent intraday and closing down 6.5 percent to the lowest since listing.
More auto sector ups and downs and market capitalization rankings