U.S. stocks fell almost across the board on Friday, with technology stocks leading the way.Prices of imported goods from the US recorded the biggest monthly increase in 17 months in August.Market focus shifts to the Fed's monetary policy meeting to be held next week.
As of the close. The Dow closed down 0.8%. The S&P 500 and NASDAQ were not spared, both falling more than 1%.The latest consumer confidence data has not boosted it.According to the data, the University of Michigan consumer confidence index fell to 67.7 in early September. Economists had expected the index to fall to 69.2.
Chip stocks have been hit hard! TSMC asked equipment suppliers to suspend deliveries due to concerns about weak demand. This made the top three chip equipment companies in the US - Applied Materials $Applied Materials (AMAT.US)$The stock prices of LRCX, LRCX, and KLA — fell 4% to 5%. These three companies were among the seven biggest losers in the S&P 500 index.
GM GM and Chrysler's parent company Stellantis (STLA) became one of the few exceptions of the day.Although the Federation of American Auto Workers (UAW) began a strike that caused the two companies' factories to shut down, the two automakers' stock prices still rose at the close.
According to US stock big data, the Stockwe.com agency bought $4.9 billion in shares and $3.5 billion in Darkpool today $Invesco QQQ Trust (QQQ.US)$, 1.3 billion...