US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcn09:32

IShares China Large-Cap ETF Options Spot-On: On July 19th, 125.7K Contracts Were Traded, With 3.92 Million Open Interest

On July 19th ET, $iShares China Large-Cap ETF(FXI.US)$ had active options trading, with a total trading volume of 125.7K options for the day, of which put options accounted for 52.3% of the total

Futu News04:30

US stock market preview | Deploy to solve downtime issues! CrowdStrike fell by 12%; Tesla slightly increased, raising the sales price of Model S/X.

Wall Street tycoons are rallying behind technology stocks, believing that the plunge is only temporary and presents a great buying opportunity. How will Trump 2.0 affect the Federal Reserve? Wells Fargo & Co. believes that the magnitude of the interest rate cut may not meet expectations. Citigroup says that OpenAI will become Broadcom's fourth largest customer. The new AI chips are expected to be delivered in the second half of next year.

Futu NewsJul 19 20:36

This week's hot US stocks: "Interest rate trade" and "Trump trade" dominate the market! Strong gains in US regional bank stocks, while MSTR, a currency-holding stock, jumped more than 11% this week.

With the change in expectations for the Fed's interest rate cuts and the increasing probability of former US president and Republican candidate Trump winning the US election again, the trading logic of the market seems to have changed overnight: the US stock sectors have undergone violent rotation, technology stocks have sharply retreated, cyclicals and small-cap stocks have rebounded strongly.

Futu NewsJul 19 18:32

Investment banks are discussing! The initial application for unemployment benefits in the USA reaches a record high, and the FED may become more certain to cut interest rates.

①In the week ending July 13th, the number of initial jobless claims in the USA reached the highest level since August 2023. ②Texas had the largest increase in first-time unemployment claims last week due to the impact of Hurricane "Peridot". ③Analysts believe that the data clearly points to a cooling labor market, providing further reasons for the Federal Reserve to start cutting interest rates soon.

cls.cnJul 19 16:21

Taking history as a warning! What was the performance of the US stock market the last time a US president gave up re-election?

Some senior Democratic officials believe that pressure from party members and close friends may persuade Biden to withdraw from the campaign as early as this weekend. Looking back over the past few decades, the last time a US president announced he would not seek re-election dates back to Lyndon B. Johnson in 1968. So, how did the US stock market fare at the time?

cls.cnJul 19 15:29