On June 1, the US stock market closed lower on Thursday and the Dow fell by more than 250 points. According to news from the United States, US Secretary of Commerce Wilbur Ross stated at a press conference on May 31, local time, that the Trump administration will impose tariffs on steel and aluminum products from the European Union, Canada, and Mexico, effective from midnight. . Among China's stocks, music scores rose 9.08%, and strangers rose 6.47%. On the other hand, SouFun fell 7.82% and Cheetah Mobile lost 5.13%. Among US technology stocks, Snap rose 3.83%, while Micron Technology fell 7.96%.
The Dow Jones Industrial Average fell 251.94 points to close at 24415.84 points, a decrease of 1.02%. The S&P 500 Index fell 18.74 points to close at 2,705.27 points, a decrease of 0.69%. The Nasdaq Composite Index fell 20.34 points to close at 7442.12 points, a decrease of 0.27%.
The so-called "FAANG" five major technology giants mixed mixed, including Facebook rose 2.19%, Alphabet rose 2.09%, Amazon rose 0.29%, but Netflix fell 0.55%, Apple fell 0.34%. At the closing price of $1,100, Alphabet's market capitalization rose to $764 billion, retaking the title of the third largest company by market value from Microsoft. The latter's share price closed down 0.11% to $98.84 on Thursday and the market value dropped to $759.4 billion.
[Chinese concept stocks]
China's stocks were mixed, with companies that rose a lot, including Lexin (up 9.08%), Momo (up 6.47%), Huami Technology (up 6.42%), Xinfu (up 6.10%), Century Internet (up 5.75%), Changyou (up 4.52%), Green Hotel (up 3.88%), 500 Lottery Network (up 3.75%), Car Home (up 3.35%), Road Cattle (up 3.20%), Bao E-commerce firm (up 2.42%), New Oriental (up 1.88%), Thunder (up 1.81%), 58-city (up 1.74%), Point Niu Finance (up 1.73%), China Information Technology (up 1.72%), Easy Cars (up 1.55%), Fun Shops (up 1.23%), Melts 360 (up 1.20%) and Best Group (up 1.01%).
On the other hand, companies with larger declines included: SouFun (down 7.82%), Cheetah Mobile (down 5.13%), Pleasant Loan (down 3.22%), Elite Education (down 2.69%), Downtrend (down 2.64%) %), St. Vincent (down 2.01%), Financials (down 2.00%), and Credit (down 1.75%), Ninth City (down 1.75%), Jingdong (down 1.73%), Huya (down 1.62%) , iQiyi (down 1.59%), worry-free (1.56%), Zhengbao Distance Education (down 1.16%), Temple Bank (down 1.16%) and Jumeiyou (down 1.14%).
At the Global Smart Logistics Summit held on the 31st, Ma Yun, Chairman of Alibaba Group's Board of Directors (NSYE: BABA), announced that Cainiao will go all out to build a national intelligent logistics backbone network, reducing the proportion of China's logistics cost to GDP to below 5%. In addition, some media had previously claimed that Alibaba.com was too aggressive. Ma Yun also provided an answer at the scene: “Some people say that our investment is so aggressive that we have invested more than US$30 billion, but we said that US$30 billion has only just begun because we Have confidence in China and confidence in the industry. Why don't we invest in it? Of course, investment does not mean blind investment. ”
At the 2018 Global Smart Logistics Summit, the rookie announced the launch of the logistics IoT (Internet of things) strategy and announced to the industry the world's first logistics-based IoT "future park". According to reports, this is the first time that leading-edge technologies such as IoT, edge computing, and artificial intelligence have been applied in the logistics field. “Future Campus” can identify every cigarette butt, monitor each well cover, and ensure the safety and efficient operation of the park in real time. .
Baidu Cloud ABC Summit Inspire 2018 Smart Internet Conference was held in Shenzhen on the 31st. In the “Digital China, Smart Leading” speech, Zhang Yaqin, president of Baidu (NASDAQ: BIDU), stated that Baidu has formed a complete layout from cloud to end, its core is super computing power, massive data, and large-scale nerves. Baidu brain of the network. In Baidu's AI architecture, the bottom layer relies on smart cloud infrastructure and resource pools, and there are AI enabling services for key scenarios on the top floor, such as the Apollo platform for unmanned vehicles and DuerOS for artificial intelligence.
【U.S. Technology Shares】
U.S. technology stocks were also mixed, with the most significant companies including Snap (up 3.83%), Facebook (up 2.19%), Alphabet (up 2.09%), Zynga (up 1.85%), and Zuora (up1.09%). ) and Broadcom (up 1.07%).
On the other hand, companies with large declines include: Micron Technology (down 7.96%), Box (down 7.56%), Western Digital (down 3.49%), Roku (down 2.57%), Hewlett Packard Enterprise (down 2.12%), Eastman Kodak (down 1.92%), Dropbox (down 1.58%), Applied Materials (down 1.57%) and GoPro (down 1.42%).
Morgan Stanley released a research report, which will upgrade Micron Technology's stock rating from "Accumulate" to "Growth Watch", saying its current share price has fully reflected the company's value. “Looking at the multi-memory market in the past two years, we are turning to a neutral position. "Analyst Joseph Moore said in a report provided to customers on Thursday." "In the unlikely event that an overcast cloud is imminent, we would rather be cautious. ”
According to foreign media reports, Apple established a new hardware engineering department in Washington County, Oregon, and recruited more than 20 employees from Intel and other companies. The report said that Apple's recruitment seems to have started since last November. The team may be working on its own R&D ARM architecture chip to replace the Intel processor used on Mac computers. According to job postings, applicants are required to have “Design Verification Expertise” and are mainly responsible for comparing the finished product with the original design specifications to ensure that the product meets the requirements.
According to foreign media news, Google has invested in start-up companies through Orange Ventures fund Orange Digital Ventures and Orange. Orange said Thursday that Orange Digital Ventures, a 350 million euro ($409 million) venture capital fund, will evaluate investment opportunities in industries such as networking, cybersecurity, cloud computing, artificial intelligence, and financial technology. The company added that the partnership with Google may lead to potential synergies and business partnerships between the two companies.
According to Belgian media reports, a Tesla Model S electric car hit a car accident on Tuesday in Saint Gilles, Brussels, hitting five cars. According to the owner of the Model S, the car was autonomously started, there was no driver in the car, and then it crashed into five nearby cars. It is not yet clear how serious the accident was and whether there were casualties. In response, Tesla responded today that the accident had nothing to do with the driver assistance system Autopilot.
China Unicom and Intel signed a strategic cooperation and cooperation agreement. The two sides announced that they will cooperate in the field of all-connected PCs and jointly promote the landing of fully-interconnected PCs in the Chinese market. It is understood that China Unicom and Intel will make full use of their resources in their respective fields and conduct comprehensive and in-depth cooperation on all interconnected PCs in terms of technology, services, channels, testing, and tariffs, and build a fully connected PC hardware platform. China's standardized service system for innovation.