On August 26th local time, the three major indexes of the US stock market fluctuated. The Dow Jones Industrial Average closed up 0.16% at 41240.52 points, reaching a historic high; The Nasdaq fell 0.85% to 17725.77 points; The S&P 500 index fell 0.32% to 5616.84 points.
Technology stocks performed weakly, with Google up 0.33% and Apple up 0.15%. Microsoft fell 0.79%, Amazon fell 0.87%, Facebook fell 1.3%, Nvidia fell 2.25%, and Tesla fell 3.23%.
Apple fell 1% after the market closed. Apple has just announced that it will hold a special event on September 10th at 1am Beijing time, with the theme of "Highlight Moment".
It is expected that Apple will release the iPhone 16 series, AirPods 4, and the new generation Apple Watch series at this event, and iOS 18 and macOS Sequoia will also be officially released.
In addition, Apple announced that Kevan Parekh will replace Luca Maestri as Chief Financial Officer (CFO), effective January 1, 2025. Kevan Parekh is currently the Vice President of Financial Planning and Analysis at Apple.
Nvidia will disclose its financial report after hours on Wednesday. Baird analyst Ross Mayfield said that the technology industry is somewhat concerned about the upcoming financial report of Nvidia. The market is currently in a relatively healthy state, but if technology stocks underperform, it will be difficult for them to rise significantly. Their weight in the index is too high, and now they are performing like a laggard.
Most bank stocks rose, with JPMorgan Chase up 0.41%, Goldman Sachs down 0.27%, Citigroup down 0.56%, Morgan Stanley up 0.44%, Bank of America up 0.4%, and Wells Fargo up 0.05%.
Energy stocks collectively rose, with ExxonMobil up 2.15%, Chevron up 0.6%, ConocoPhillips up 1.95%, Schlumberger up 1.07%, and Western Petroleum up 0.24%.
Most aviation stocks fell, with Boeing down 0.82%, American Airlines down 1.73%, Delta Air Lines down 0.95%, Southwest Airlines up 0.09%, and United Airlines down 1.25%.
Popular Chinese concept stocks have generally experienced a pullback, with Pinduoduo plummeting by over 28%, and the company's second quarter performance falling short of market expectations. The Nasdaq China Golden Dragon Index fell by 0.76%, Yixian E-commerce fell by over 7%, Baijia Cloud and Youdao fell by over 6%, Wuxin Technology fell by over 5%, Bilibili, Haichuan Securities, and Alibaba fell by over 4%, and Shanda Technology, Zhiwen Group, Yaduo, JD, and New Oriental fell by over 3%. Graffiti Intelligence has risen by over 9%, Xiaopeng Motors has risen by over 7%, Zhihu and Tianjing Biology have risen by over 6%, and Xiaoniu Electric and Kingsoft Cloud have risen by over 5%.
According to CNBC, the Dow Jones Industrial Average closed higher at a historic high as investors tried to shake off a sharp sell-off earlier this month, and the market seems to be shifting from tech stocks to other market sectors.