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The three major U.S. stock indices all closed lower, with large-cap technology stocks declining.
On March 28, People’s Financial News reported that on March 27 local time, all three major U.S. stock indices closed lower. By the end of the day, the Dow Jones Industrial Average fell 1.73%, closing at 45166.64 points, the S&P 500 index dropped 1.67%, ending at 6368.85 points, and the Nasdaq declined 2.15%, finishing at 20948.36 points. This week, the Dow fell 0.9%, the S&P 500 index dropped 2.12%, and the Nasdaq decreased 3.23%. Major tech stocks collectively fell, with Meta and Amazon down nearly 4%, Google, Microsoft, Nvidia, and Tesla down over 2%, and Apple down more than 1%. Chinese concept stocks generally declined, with the Nasdaq Golden Dragon China Index falling 1.9%. In terms of individual stocks, Pony.ai fell nearly 6%, Kingsoft Cloud dropped over 5%, Hesai Technology declined nearly 5%, NIO was down over 4%, XPeng Motors fell nearly 4%, Zai Lab rose nearly 3%, and Xinyi Technology increased nearly 1%.