U.S. Stock Market Wrap-Up: The Three Major Indices Mixed, Chip Stocks All Declined

GateUser-bd883c58 · 2026-04-03T23:52:48+00:00

Tech Media App reported on March 31 that the three major U.S. stock indexes closed with mixed results: the Dow rose 0.11%, the Nasdaq fell 0.73%, and the S&P 500 fell 0.39% and closed at its lowest level since August last year. With less than 1% remaining before entering a correction zone, chip stocks all declined together. The Philadelphia Semiconductor Index dropped 4.2%, Western Digital fell by more than 8%, SanDisk dropped by more than 7%, Intel slid by more than 4%, and ASML and TSMC fell by more than 3%. Fannie Mae surged 51%, while Freddie Mac rose 47%, after investor Bill Ackman said their share prices could jump soon. Among popular Chinese concept stocks, closes were mixed: the Nasdaq Golden Dragon China Index fell 0.36% to 6,569.63. Pony.ai fell 6.56%, Century Internet fell 6.04%, JinkoSolar fell 4.63%, Autec Solar fell 3.49%, and Miniso and Qifu Technology each dropped by up to 3.40%. Baidu and Tencent…

GateUser-bd883c58

2026-04-03 23:52:48

Titanium Media App reported on March 31 that the three major U.S. stock indexes closed mixed: the Dow rose 0.11%, the Nasdaq fell 0.73%, and the S&P 500 fell 0.39% and closed at its lowest level since August of last year, and it is now less than 1% away from entering a correction range. Chip stocks fell across the board: the Philadelphia Semiconductor Index dropped 4.2%, Western Digital fell by more than 8%, SanDisk fell by more than 7%, Intel fell by more than 4%, and ASML and TSMC fell by more than 3%. Fannie Mae surged 51%, and Freddie Mac rose 47%. Earlier, investor Bill Ackman said its share price could jump very soon. Popular Chinese concept stocks closed mixed: the Nasdaq Golden Dragon China Index fell 0.36%, to 6569.63 points. Pony.ai fell 6.56%, CenturyLink fell 6.04%, JinkoSolar fell 4.63%, ATERES Solar fell 3.49%, Miniso and Qifu Technology fell by up to 3.40%, and Baidu, Tencent Music, XPeng, and Kingsoft Cloud fell by at least 1.10%. New Oriental rose 0.39%, Li Auto rose 0.52%, Atour, NetEase, and JD.com rose by up to 0.84%, and, up to 1.60%, CEAUTO, ZTO Express, Trip.com, and Boss Zhipin rose by up to 1.60%. WeRide rose 2.23%, and NIO rose 3.77%. (Ke Gu Bao coverage)

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