US stocks were extremely volatile this week. The Dow fell 3% for the week, the S&P 500 fell 3.9%, and the Nasdaq fell 3.8%.
Major US technology giants fell on Friday, Amazon fell 7.82%, Netflix fell 4.17%, Facebook fell 3.70%, Google fell 2.20%, Apple fell 1.59%,MicrosoftIt fell 1.24%.
China's major technology stocks rose and fell, Weibo rose 1.42%, Netease rose 0.85%,JingdongIt rose 0.09%, Baidu fell 1.01%, Alibaba fell 1.20%, spelled more than 1.94%, and iQiyi fell 2.17%.
Other Chinese stocks were mixed, with rising companies including: Mavericks electric car (up 14.02%), good future (up 7.39%), worry-free (up 4.90%), Guoshuang (up 4.90%), New Oriental (up 4.87%), 哔哩哔哩 (up 4.77%), financial sector (up 3.85%), Changyou (up 3.42%), Xinfu (up 3.31%), pleasant loans (up 3.13%), 500 Lottery network (up 2.91%), Sina (up 2.88%), Suntech (up 2.85%), car home (up 2.82%), eliteeducation(up 2.76%), Cheetah Mobile (up 2.51%), Four Seasons Education (up 2.51%), Yunmi (up 2.33%), Aurora Big Data (up 2.12%), Boss Education (up 2.05%), Red Yellow-blue education (up 1.78%), 1 drug network (up 1.75%), fun shop (up 1.74%), Jumeiyou products (up 1.65%), ninth city (up 1.55%), Best Logistics (up 1.46) %), Weibo (up 1.42%), Lanting (up 1.36%), Dana Technology (up 1.32%), Leju (up 1.20%), Sohu (up 1.18%), and Fangtianxia (up 0.99%) ), Ctrip (up 0.88%), Huami Technology (up 0.74%), Thunder (up 0.50%), 58 cities (up 0.49%), one car rental (up 0.43%), Ou Peng browser (up 0.43%) ), Mo Mo (up 0.42%), gathering time (up 0.34%), and credit (up 0.25%), and Jianpu Technology (up 0.21%).
The companies that fell were: No. 1 Finance (down 8.57%), Blue Dragon (down 7.56%), Conti Car (down 5.88%), Fun Head (down 5.79%), Atom (= 5.42%), and odd Jing Optoelectronics (down 4.74%), worry-free English (down 4.70%), Temple Library (down 4.69%), Lexin (down 4.62%), Xiaoying Technology (down 3.76%), and Wannian Data (down 3.50%), Huya (down 3.37%), China Mobile (down 3.13%), Phoenix New Media (down 3.08%), Can Gu (down 2.98%), SMIC (down 2.98%), Shengshi Leju (down 2.78%), TouchPal (down 2.78%), fluently said (down 2.74%), Baozun e-commerce (down 2.67%), China Unicom Hong Kong (down 2.59%), Ikang Guobin (down 2.59%), Titanium (down 2.32%) ), everyone (down 2.10%), pat on loan (down 2.09%), Vipshop (down 2.08%), China Life (down 2.06%), TSMC (down 1.93%), Tuniu (down 1.80%) , China Telecom (down 1.65%), Hollysys Automation (down 1.56%), Weilai Automobile (down 1.55%), Park New Education (down 1.36%), Easy Car (down 1.14%), Zhengbao Distance Education (down) 0.95%), Century Internet (down 0.9 3%), China Net Line (down 0.81%), Zhongtong Express (down 0.51%), Youxin (down 0.39%), Sogou (down 0.17%).
Jingdong, who was “named” at the press conference of the Ministry of Transport on October 25, responded to the reporter: “Jingdong only added this keyword to the business scope. It is a normal business license qualification update and has no relevance to the actual business. At the above-mentioned press conference, the Ministry of Transport welcomed the market players entering the transportation industry, such as Jingdong.
Baidu announced a strategic cooperation with China Baowu Iron and Steel Group Co., Ltd. The two sides will jointly promote the application of ABC+IoT technology in the steel industry chain scenario and help the construction of a smart steel ecosystem. The two sides have reached cooperation in big data infrastructure technology, visual identity technology and AI and big data application based on relevance and decision-making optimization to accelerate the digital and intelligent transformation of the steel industry.
US/foreign technology stocks
Foreign technology stocks fell, including: Western Digital (down 18.18%), Snap (down 10.16%), Seagate Technology (down 8.94%), Grubhub (down 8.84%), AMD (down 8.51%), Line (down 8.23) %), Kodak (down 6.43%), Nvidia (down 4.59%), Broadcom (down 4.09%), Box (down 4.02%), 3D Systems (down 3.97%), NXP (down 3.80%), Micron Technology ( 3.75%), Groupon (3.66%), Sonos (3.59%), Hewlett-Packard (3.43%), Lending Club (3.40%), Square (3.22%), PayPal (3.01%), Dropbox (down 2.86%), MoneyGram (down 2.84%), Adobe (down 2.82%), HP (down 2.77%), Cisco (down 2.68%), Dell VMware (down 2.62%), eBay (down 2.57%), EA (down 2.45%), Corning (down 2.42%), Irobot (down 2.40%), Fitbit (down 2.36%), Spotify (down 2.30%), Ericsson (down 2.29%), Activision Blizzard (down 2.10%) ), Sony (down 2.00%), BlackBerry (down 1.97%), Booking Holdings (down 1.87%), Symantec (down 1.79%), Pandora Media (down 1.58%), and Yelp (down 1. 44%), Oracle (down 1.33%), IBM (down 1.31%), Qualcomm (down 1.14%), Sea (down 1.02%), Yahoo (down 0.94%), Applied Materials (down 0.86%), Roku (down) 0.44%), GoPro (down 0.33%).
The rising companies are: Tesla (up 5.09%), Nokia (up 4.89%), Intel (up 3.11%), and Twitter (up 1.76%).
Amazon released its third quarter earnings report for 2018 after the close of trading on Thursday. The financial report shows that Amazon's third quarter revenue was 56.576 billion US dollars, higher than the 43.744 billion US dollars in the same period last year, but lower than the market expectation of 57.07 billion US dollars; net profit was 2.883 billion US dollars, up 1026% from the previous year's 256 million US dollars. . Diluted earnings per share were $5.91, up from $0.53 in the same period last year. The fourth quarter operating income is expected to be US$665-725 billion, which is lower than the market expectation of US$73.78 billion.
Google's parent company, Alphabet, released its third-quarter earnings report on June 30, 2018 after the close of trading on Thursday. According to the financial report, Alphabet's third-quarter revenue was US$33.74 billion, up 36% year-on-year; net profit was US$9.19 billion, an increase of 37% from the net profit of US$6.73 billion in the same period last year. Alphabet's third-quarter earnings per share were better than market expectations, but revenue was less than expected. According to a Thomson Reuters survey, market analysts had expected an average of $10.4 in earnings per share for the third quarter and revenue of $34.05 billion.
Intel released its third-quarter earnings report for the company as of September 30, 2018. The financial report shows that Intel's third-quarter revenue was $19.2 billion, up 19% year-on-year; net profit was $6.4 billion, up 42% year-on-year. Intel expects the company's revenue to reach $19 billion in the fourth quarter of 2018; operating margin is about 33.0%; earnings per share are $1.16. Not in accordance with US GAAP, Intel's fourth quarter earnings per share will reach $1.22.
Snapchat's parent company Snap released its third quarter earnings report for 2018 after Thursday. The financial report shows that Snap's third-quarter revenue was $298 million, an increase of 43% compared with $2.08 in the same period last year; net loss was $325 million, which was 27% lower than the net loss of $443 million in the same period last year. . Snap expects that the company's daily active users will continue to decline in the fourth quarter.