US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET

Here's How Much $1000 Invested In PDD Holdings 5 Years Ago Would Be Worth Today

PDD Holdings (NASDAQ:PDD) has outperformed the market over the past 5 years by 31.54% on an annualized basis producing an average annual return of 44.4%. Currently, PDD Holdings has a market

BenzingaJul 19 12:00 ET

Meituan fights for low stock prices.

Fight back to the end.

wallstreetcnJul 19 11:52 ET

PDD Holdings Inc.'s (NASDAQ:PDD) Stock Is Going Strong: Is the Market Following Fundamentals?

Yahoo FinanceJul 18 07:00 ET

GTJA: June's social zero export data continued to show warmth, with leading companies being more stable.

Amazon's annual shopping event, Prime Day, will be held from July 16th to 17th in 2024. This year's Prime Day is expected to perform well, and we anticipate that the leading companies will continue to show good growth.

Zhitong FinanceJul 17 23:12 ET

Express News | Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions

BenzingaJul 17 11:55 ET