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on Wednesday, us time, the main stock indexes of US stocks closed down slightly. Earlier, US Federal Reserve Chairman Powell reiterated his commitment to fight inflation by raising interest rates, and said that he would not rule out the possibility that the US economy would fall into recession

the Dow Jones index closed at 30483.13, down 47.12 points, or 0.15%, rising nearly 300 points during the session; The S & P 500 index closed at 3759.89, down 0.13%; The NASDAQ closed at 11053.08, down 0.15%

large tech stocks fluctuated, with Google, Amazon and Netflix rising, of which Netflix rose by more than 4%; Apple, Microsoft and meta fell, but none fell more than 1%

leading chip stocks generally fell, with TSMC down more than 2% and NVIDIA, Qualcomm and Broadcom down more than 1%

most electric vehicle stocks fell, Tesla fell 0.40%, rivian fell 1.75% and Faraday fell 4.71% in the future; Weilai fell 0.49%, Xiaopeng rose 1.63% and the ideal rose 2.94%. Yesterday, the executive meeting of the State Council pointed out that it supports the consumption of new energy vehicles

zhonggai e-commerce stocks generally fell. Alibaba fell 1.17%, JD fell 3.50% and pinduoduo fell 4.27%

other popular Chinese concept stocks generally fell, including boss direct employment down 1.60%, Zhihu down 0.51%, shell down 3.91%, man Bang down 2.42%, BiliBili down 3.45%, baidu down 2.02% and Betta down 3.15%

specifically, the performance of major technology stocks in the US stock market is as follows:

the performance of major chip stocks in the US stock market is as follows:

the performance of major Chinese stocks listed in the US is as follows:

according to the data of Dow Jones market data, the Dow Jones has fallen by about 16.1% so far in 2022, which may become the worst performance in the first half of the year since 1962. In the first half of 1962, the Dow fell by 23.2%

on Wednesday, us time, when testifying in Congress, US Federal Reserve Chairman Powell reiterated that inflation would be reduced by further raising interest rates

Powell said at the hearing of the US Senate Banking Committee: "the US economy is very strong and capable of coping with the tightening of monetary policy."

he also said that it is "certainly possible" for the US economy to decline, but this is not the expected consequence of changes in monetary policy

Peter Cardillo, chief market economist at Spartan capital securities, said in a telephone interview: "Powell assured the market that he would do everything possible to bring inflation down. But this comes at a price. This generation of prices means a potential recession."

Cardillo said, but the stock market has "reflected inflation, recession and a very bleak economic outlook". He said that the next driving factor of the stock market may be a new round of corporate earnings that will be released in about 15 days, which will enable investors to better understand how American enterprises cope with the cost of living at the highest level in nearly 40 years

while the stock market is falling, funds are flowing into traditional risk averse assets such as bonds. On Wednesday, us time, the 10-year US Treasury yield fell 14.9 basis points to 3.155%, the largest one-day decline since November 21 last year. (Liuchun)