Overview of the U.S. Financial Markets on June 17, 2025

The market panic index VIXY performed strongly today, rising by 6.06% to close at 52.83 points, reflecting a significant increase in investors' risk-averse sentiment.

In terms of major stock indices, the three major indices in the United States are all showing a downward trend. The S&P 500 index fell by 0.84%, the Dow Jones Industrial Average dropped by 0.70%, and the Nasdaq Composite index declined by 0.91%, indicating overall pressure on the market.

Technology giants performed poorly, with Tesla leading the decline, dropping 3.90% in a single day. Other tech stocks also showed weakness, with Apple down 1.40%, Meta Platforms down 0.70%, Amazon down 0.59%, Google's Class A shares down 0.46%, Nvidia down 0.39%, and Microsoft slightly down 0.23%.

Chinese stocks related to China also did not escape unscathed, with the Nasdaq Golden Dragon China Index falling 1.77%. Among the Chinese concept stocks, Zai Ding Medicine saw the largest decline at 8.39%; Aiko Solar dropped 6.85%; Kingsoft Cloud fell 5.17%; Jinko Energy decreased by 4.68%; and Li Auto was down 4.47%. In addition, Tencent Music, Jia Yin Technology, Global Data, and Daqo New Energy all experienced varying degrees of decline, with the highest drop reaching 3.50%.

Overall, market sentiment on this trading day is cautious, with increased demand for safe-haven assets, and technology stocks along with Chinese concept stocks are under significant selling pressure.