NetEase Technology News June 27, according to foreign media reports, US time Friday, US stocks closed sharply. Texas has cancelled some measures to reopen the market, raising investors’ concerns about the recent surge in new US crown cases and their impact on the economy.

The Dow Jones Index closed at 25015.55 points, down 730.05 points, or 2.8%; the S&P 500 index closed at 3009.05 points, down 2.4%; the Nasdaq Composite Index closed at 9975.22 points, down 2.6%.

In US stocks trading on Friday, leading technology stocks generally fell. Apple’s stock price closed at $353.63, down 3.07%; Google’s parent company Alphabet closed at $1359.90, down 5.65%; Amazon closed at $2692.87, down 2.24%; Microsoft closed At 196.33 US dollars, down 2.00%; Facebook closed at 216.08 US dollars, down 8.32%; Oracle closed at 54.18 US dollars, down 0.64%; IBM closed at 117.19 US dollars, down 1.55%; Netflix closed at 443.40 US dollars, down 4.83 %; Tesla closed at $959.74, down 2.66%; Twitter (Twitter) fell 7.40%, Uber (Uber) fell 3.17%; Lyft fell 2.77%.

Leading chip stocks in US stocks generally fell, Intel closed at US$57.50, down 1.73%; Nvidia closed at US$366.20, down 3.53%; Broadcom closed at US$307.41, down 0.47%; Texas Instruments closed at US$123.37, down 1.35%; Qualcomm closed at 88.02 US dollars, down 1.06%; AMD closed at 50.10 US dollars, down 3.52%; Micron Technology fell 1.42%; Applied Materials fell 2.67%.

Most of the major stocks listed in the United States fell. NetEase closed at US$438.05, up 0.46%; Alibaba closed at US$215.71, down 2.90%; JD.com closed at US$59.65, down 1.42%; Baidu closed at US$121.80, down 1.56 %; Pinduo closed at US$85.16, down 0.98%; Bilibili closed at US$44.52, down 0.11%; Good Futures closed at US$68.33, up 0.59%; iQiyi closed at US$22.72, up 0.66%; Who learns to close at 57.65 US dollars, down 0.26%; Weibo closed at 34.04 US dollars, up 0.41%; Sina fell 1.29%; Sohu fell 4.80%; Sogou fell 1.94%; Ctrip fell 0.57%; Future Career fell 2.63%; cars The house fell 0.54%; 58 city fell 0.31%; Wei Lai fell 2.54%; Jinshan Yun fell 5.93%.

Ruixing Coffee closed at US$1.38, a sharp drop of 54.00%, and triggered a fuse several times during the session, with a market value of only US$349 million. Ruixing Coffee issued a statement today saying that the company will be suspended from trading on NASDAQ on June 29 and will be delisted for the record. At the same time, Ruixing Coffee will operate more than 4,000 stores nationwide. On April 2, 2020, Ruixing Coffee plunged 85% before the market due to false trading volume of 2.2 billion. Since then, the stock price has experienced many large fluctuations.

Facebook and Twitter's stock prices plummeted on Friday because one of the world's largest advertisers, Unilever, said it would stop all U.S. ads on these two platforms, raising concerns that other major consumer brands might follow suit. .

Unilever’s annual advertising budget is close to $8 billion. The company said that because users on Facebook, Facebook's Instagram and Twitter frequently post hate speech and extreme political speech, the company will not advertise on these platforms for the rest of the year.

Before Unilever made this decision, more and more well-known consumer goods companies have taken similar steps, including outdoor equipment companies Patagonia and Verizon Communications Inc. These companies claim that technology platforms (especially Facebook) profit from posts by users that incite hatred and spread false information.

This week, the Dow and Stoxx fell by 3.3% and 2.9% respectively, and the Nasdaq index fell by 1.9%. This is the second decline in major US stock indexes in the past three weeks.

Tom Essaye, founder of the market research agency The Sevens Report, said: "The number of confirmed cases of new coronary pneumonia has surged, and the time for reopening has been delayed, which will at least affect the company's revenue. The resurgence of new coronary pneumonia cases makes people worry. The stock market rebound may be short-lived, as more and more governments may enforce economic shutdown measures."

On Friday, US time, the 5-year Treasury yield fell to a historical low of 0.29%, and the 3-year Treasury yield also fell to a historical low of 0.17%. US Treasury yields are inversely proportional to prices. (Liu Chun)

Source: NetEase Technology Report, translated by Google Translate