Lates News

US stocks closed on Thursday with oil prices picking up momentum, as the expectation of a Fed rate hike resurfaced and pressured the three major indices to close lower. The Dow Jones fell by 1%, the S&P 500 index dropped by 1.7%, and the Nasdaq Composite Index fell by 2.38%. Tesla (TSLA.O) dropped by over 3%, and Nvidia fell by 4%. The Nasdaq Golden Dragon China Index closed down by 2.55%, with XPeng Motors (XPEV.N) dropping by over 6% and Alibaba (BABA.N) falling by over 3%.