U.S. stocks close》Fei Ban has 5 blacks in a row! Chip stocks weaken, TSMC ADR bucks trend and closes in the red
Quick Look
- On Tuesday, the Dow Jones, S&P 500, and Nasdaq indexes all fell slightly.
- Chip stocks continued their decline, and the Philadelphia Semiconductor Index went negative for five consecutive years.
- The market is paying attention to the mixed quarterly results of major U.S. banks such as Citigroup.
AI-generated summary
Why It Matters
The U.S. stock market has been highly volatile recently due to the performance of chip stocks, and the market continues to evaluate the rate of return and risks of AI investment. At the same time, major U.S. banks are releasing their quarterly results one after another, and investors are paying attention to net interest income and loan growth.
U.S. stocks fell on Tuesday. (AP)
[Instant News/Comprehensive Report] Chip stocks continued their recent decline, and the market is also analyzing the mixed quarterly results of Citigroup and other large U.S. banks. On Tuesday, the Dow Jones Industrial Average fell 180.45 points, 0.35%, and the S&P 50 The 0 index fell 0.02%, the Nasdaq fell 0.15%, the Philadelphia Semiconductor Index fell 0.23% for five consecutive black days, and TSMC ADR rose $0.77, 0.17%, to close at $445.12.
According to foreign media reports, Broadcom CEO Chen Fuyang warned that some AI investment behaviors are like casinos, and the market has begun to question whether the huge capital expenditures and profits of the AI industry can be sustained. In addition, the technology of Chinese memory chip company Changxin Memory has also exacerbated market concerns about increasing competition. Micron fell 3.62%, Applied Materials fell 6.69%, Broadcom rose 0.73%, and Huida rose 0.97%. Apple hit an all-time high of $348.15 during the session, and finally closed up 0.1% to $341.27.
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Citigroup's third-quarter profit was impressive, but its stock price fell 5.6% on Tuesday. Wells Fargo's stock price fell 3.1% because its net interest income was lower than expected. JP Morgan Chase's rare profit fell short of expectations and closed down 0.86%.
The Dow Jones Industrial Average fell 180.45 points, or 0.35%, to close at 51,670.10 points.
The Nasdaq index fell 41.52 points, or 0.15%, to close at 27204.38 points.
The S&P 500 index fell 1.79 points, or 0.02%, to close at 7805.45 points.
The Philadelphia Semiconductor Index fell 27.99 points, or 0.23%, to close at 12208.80 points.
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What to Watch
AI outlook — possibilities, not facts
U.S. chip stocks will continue to fluctuate in the short term until the specific returns on AI investments are clearer
Likely · Within weeks
TSMC ADR will perform more robustly than other chip stocks
Possible · Within weeks
Open Questions
- When will AI investment cool down?
- How will the technological progress of Changxin Storage affect the global memory market structure?
- 美國銀行業績是否將在未來幾個季度持續改善？
