SMM News: the S & P fell 2.4%, the Dow fell more than 700 points to close down more than 600 points, and the Nasdaq fell 3.2%, the biggest one-day decline of the year. Gold rose more than 1 per cent and bitcoin soared 13 per cent to more than $8100 at one point. Oil prices fell. Offshore renminbi was trading at 6.9121 yuan, down 673 points from late Friday in New York. Apple fell 5.8%. Uber fell 10 per cent, while Beyond Meat, the first share of artificial meat, rose nearly 5 per cent against the market. Alibaba Jumia in Africa reported poor results, closing up 5.5 per cent after falling 18 per cent in intraday trading. Blockchain concept stocks rose against the market. Riot blockchain rose 10 per cent and marathon Patent Group rose 15 per cent.
The index recorded its biggest one-day decline so far in 2019.
The s & p fell 69. 53 points, or 2. 41%, to 2811.87. The Dow Jones Industrial average fell 617.38 points, or 2.38%, to 25324.99. The Nasdaq composite index fell 269.92 points, or 3.41%, to 7647.02.
U. S. technology stocks fell sharply.
Apple fell nearly 6%. According to the US media CNBC, the US Supreme Court ruled that the antitrust lawsuit against Apple's APP store could continue, saying iPhone users should be allowed to present evidence that Apple used its monopoly advantage to raise the price of iPhone apps.
Uber fell 10.86% and its shares fared poorly after the IPO. In a letter to employees at CEO, the company said Uber's share price did not perform as expected after the listing and said it had all the capital it needed to show higher interest rates. Market sentiment will eventually improve and share prices will rise. He pointed out that Facebook and Amazon also experienced difficulties after the launch, but then achieved amazing results.
Netflix fell 4.3 per cent, losing $6.9 billion in a single day; Facebook fell 3.6 per cent to $19.4 billion; Amazon fell 3.5 per cent, falling below the $900 billion mark and losing $33 billion a day. Microsoft fell 2.97% and Alphabet, Google's parent company, fell 2.6%, losing $21.5 billion in market value. FAANG's top five technology stocks lost more than $130 billion in value.
Tesla fell 5.2 per cent. Philadelphia semiconductors tumbled 4.7%, the biggest one-day decline since early January; NXP fell more than 7%, Nvidia and AMD fell more than 6%, TSMC fell more than 4%, and Intel fell more than 3%.
Jumia Technologies, Africa's largest ecommerce platform known as "Africa Alibaba", closed up 5 per cent after posting first-quarter results in 2019 with quarterly revenue of 31.8 million euros, below market expectations, turning its shares from gains to falls in pre-market trading.
Beyond Meat, the first share of artificial meat, rose nearly 5 per cent against the market, ending three consecutive declines.
Blockchain concept stocks Riot blockchain rose 10 per cent and marathon Patent Group rose 15 per cent.
Chinese stocks fell collectively. Tiger teeth fell 8.8 per cent, pinduoduo fell 7.7 per cent, Tiger Securities and Futun Securities fell 6 per cent, Tiger Securities closed below the issue price, Alibaba and Weibo fell 4.5 per cent, Tencent ADR, Baidu and NetEase all fell more than 3 per cent.
The FTSE pan-European performance index closed down 1.10 per cent at 1465.11. The European STOXX 600 index closed down 1.21% at 372.57.
Germany's DAX 30 index closed down 1.52% at 11876.65. France's CAC 40 index fell 1.22 per cent to 5262.57. The FTSE 100 index closed down 0.55 per cent at 7163.68.
WTI June crude oil futures fell 62 cents, or 1.01 percent, to $61.04 a barrel. Brent July crude oil futures fell 39 cents, or 55 percent, to $70.23 a barrel.
COMEX June gold futures closed 1.1% higher at $1301.80 an ounce, the first time a major contract has closed above the $1300 / ounce mark since April 10.
CBOT July soybean futures fell 63 to 4 cents, or 0.8 percent, to $8.02 to $2 a bushel.
Foreign exchange & digital currency
The dollar index rose 0.2%. The yen rose 0.1 per cent to 109.23, after soaring 0.6 per cent in intraday trading.
The euro was basically flat at 1.1224.
Bitcoin soared more than 13%, exceeding $8100 at one point in intraday trading.
The offshore renminbi (CNH) was trading at 6.9121 yuan against the dollar at 04:59 Beijing time, down 673 points from late trading in New York on Friday, after trading in an overall intraday trading range of 6.8522 to 6.9185 yuan.
The yield on the benchmark 10-year Treasury note fell 6.57 basis points to 2.4015% late in New York on Monday.
The yield on the two-year Treasury note fell 7.77 basis points to 2.1884%. The yield on the 30-year Treasury note fell 5.06 basis points to 2.8362%. The yield on the five-year Treasury note fell 8.02 basis points to 2.1831%.
In late afternoon trading, German 10-year benchmark bond yields fell 2.5 basis points to-0.070%. European stocks softened to-0.074% before the close, drawing on an intraday low of March 29, continuing last week's decline of about 4.3 basis points.