The three major U.S. stock indices closed lower, with popular Chinese concept stocks experiencing widespread declines
On November 17th, the three major U.S. stock indexes closed lower collectively, with the Dow Jones Industrial Average down 1.18%, the S&P 500 down 0.92%, and the Nasdaq Composite down 0.84%. Most large technology stocks fell, with Intel down over 2%, Nvidia, Apple, and Meta down over 1%, while Amazon, Microsoft, and Netflix saw slight declines. Google rose over 3%, and Tesla rose over 1%. Popular Chinese concept stocks generally fell, with XPeng down over 10%, Li Auto down over 4%, Pinduoduo, NetEase, Nio, and iQIYI down over 1%, Bilibili saw a slight decline, and Alibaba rose over 2%