Beijing, October 16 (Xinhua) - On Tuesday (15th), New York time, technology stocks fell across the board, and the three major U.S. stock indices fell collectively due to poor sales forecasts from the well-known chip manufacturer ASML. As of the close, the Dow Jones Industrial Average fell by 0.75%, the S&P 500 index fell by 0.76%, and the Nasdaq fell by 1.01%.
Goldman Sachs, Citigroup, and Bank of America all reported better-than-expected profits, but the third-quarter results announced by the Dutch chip equipment manufacturer ASML surprised the market.
Data shows that ASML's third-quarter order amount was 2.63 billion euros, with a market expectation of 5.39 billion euros; the full-year net sales are expected to be 28 billion euros, with a market expectation of 27.71 billion euros; it is expected that the net sales in 2025 will be between 30 billion euros and 35 billion euros, with a market expectation of 35.94 billion euros.
The report analyzed that ASML's weak bookings and sales forecasts below expectations have spread pessimistic news to the U.S. chip industry. A senior investment strategist at Seattle's United Bank Wealth Management Company said, "The proportion of technology stocks in the U.S. stock market is very large, which will drive the direction of the entire market. However, on the surface, it is not all bad news."
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In the market, U.S. chip stocks were hit, with ASML falling by more than 16%, Advanced Micro Devices falling by more than 5%, NVIDIA falling by more than 4%, Broadcom and Intel falling by more than 3%, TSMC and Qualcomm falling by more than 2%.
Large-cap technology stocks fluctuated, with Apple rising by more than 1%, Amazon and Google slightly rising, Netflix falling by more than 1%, and Facebook and Microsoft slightly falling.
Bank stocks fluctuated, with Wells Fargo rising by more than 1%, JPMorgan Chase and Bank of America slightly rising, Citigroup falling by about 5%, Goldman Sachs and Morgan Stanley slightly falling.
Energy stocks fell across the board, with Occidental Petroleum falling by more than 4%, ConocoPhillips and Schlumberger falling by more than 3%, ExxonMobil and Chevron falling by more than 2%.
Most airline stocks rose, with Boeing rising by more than 2%, American Airlines rising by more than 1%, Southwest Airlines and United Airlines slightly rising, and Delta Air Lines slightly falling.
Popular Chinese concept stocks generally fell, with the NASDAQ Golden Dragon China Index falling by 5.92%, Century Internet falling by more than 16%, Dingdong Maicai falling by more than 11%, Legend Biotech, Futu Holdings, and JD.com falling by more than 9%, Ctrip Group, SMIC, and Gaotu Group falling by more than 8%, Miniso, Jinko Energy, Kingsoft Cloud, and TAL Education falling by more than 7%, Bilibili, Vipshop, Beike, and New Oriental falling by more than 6%; in terms of gains, Bit Digital rose by more than 8%.European stock markets closed with mixed results, with the German DAX index rising by 0.06% to 19,520.91 points, the French CAC 40 index falling by 1.05% to 7,521.97 points, and the UK's FTSE 100 index falling by 0.52% to 8,249.28 points.
International crude oil prices continued to decline, with WTI November crude oil futures closing down by $3.25, a decrease of 4.40%, at $70.58 per barrel; Brent December crude oil futures closed down by $3.21, a decrease of 4.14%, at $74.25 per barrel.