USA-Stock Indices Decline

U.S. major stocks close lower as tech stocks retreat

  • English

Shotlist


Beijing, China - Jan 17, 2024 (CCTV - No access Chinese mainland)
1. Screen shot of Dow Jones index
2. Screen shot of S and P 500 index
3. Screen shot of NASDAQ index

FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
4. Various of New York Stock Exchange (NYSE) building, U.S. national flags
5. Glass door, LED screen displaying stock information
6. Various of pedestrians, flags with sign of "NYSE"

FILE: Cupertino, California, USA - Date Unknown (CGTN - No access Chinese mainland)
7. Sign of Apple Campus

FILE: Fairfax, USA - March 17, 2020 (CCTV - No access Chinese mainland)
8. Apple Store

FILE: New York City, USA - Oct 30, 2018 (CCTV - No access Chinese mainland)
9. Logo of Apple

FILE: Beijing, China - March 2019 (CGTN - No access Chinese mainland)
10. Apple store, sign of Apple

FILE: Shanghai, China - March 21, 2024 (CGTN - No access Chinese mainland)
11. People in Apple store

FILE: New York City, USA - Oct 30, 2018 (CCTV - No access Chinese mainland)
12. Various of people trying Apple products

Storyline


U.S. stocks ended lower on Thursday, as weakness in major tech stocks weighed on the market.

The Dow Jones Industrial Average fell 68.42 points, or 0.16 percent, to 43,153.13. The S and P 500 sank 12.57 points, or 0.21 percent, to 5,937.34. The Nasdaq Composite Index shed 172.94 points, or 0.89 percent, to 19,338.29.

Eight of the 11 primary S and P 500 sectors ended in the green, with utilities and real estate leading the gainers at a rise of 2.58 percent and 2.23 percent, respectively. Meanwhile, technology and communication services led the laggards, dropping 1.30 percent and 0.95 percent, respectively.

Due to an iPhone sales slump, Apple led the declines, tumbling 4.04 percent in its worst session since Aug. 5, while Tesla fell 3.36 percent. Nvidia lost around 2 percent, while Alphabet, owner of Google, also slipped about 1 percent.

Despite strong corporate earnings boosting sentiment earlier in the session, the major indexes surrendered their gains. Morgan Stanley topped earnings expectations, lifting its stock over 4 percent. Bank of America’s fourth-quarter profit reached 6.7 billion U.S. dollars, more than doubling earnings from a year earlier.

DOWNLOAD
  • ID : 8412525
  • Dateline : Jan 16, 2025/File
  • Location : United States
  • Category : Data
  • Duration : 1'09
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2025-01-17 17:15
  • Last Modified : 2025-01-17 17:36:10
  • Version : 3

USA-Stock Indices Decline

U.S. major stocks close lower as tech stocks retreat

Dateline : Jan 16, 2025/File

Location : United States

Duration : 1'09

  • English


Beijing, China - Jan 17, 2024 (CCTV - No access Chinese mainland)
1. Screen shot of Dow Jones index
2. Screen shot of S and P 500 index
3. Screen shot of NASDAQ index

FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
4. Various of New York Stock Exchange (NYSE) building, U.S. national flags
5. Glass door, LED screen displaying stock information
6. Various of pedestrians, flags with sign of "NYSE"

FILE: Cupertino, California, USA - Date Unknown (CGTN - No access Chinese mainland)
7. Sign of Apple Campus

FILE: Fairfax, USA - March 17, 2020 (CCTV - No access Chinese mainland)
8. Apple Store

FILE: New York City, USA - Oct 30, 2018 (CCTV - No access Chinese mainland)
9. Logo of Apple

FILE: Beijing, China - March 2019 (CGTN - No access Chinese mainland)
10. Apple store, sign of Apple

FILE: Shanghai, China - March 21, 2024 (CGTN - No access Chinese mainland)
11. People in Apple store

FILE: New York City, USA - Oct 30, 2018 (CCTV - No access Chinese mainland)
12. Various of people trying Apple products


U.S. stocks ended lower on Thursday, as weakness in major tech stocks weighed on the market.

The Dow Jones Industrial Average fell 68.42 points, or 0.16 percent, to 43,153.13. The S and P 500 sank 12.57 points, or 0.21 percent, to 5,937.34. The Nasdaq Composite Index shed 172.94 points, or 0.89 percent, to 19,338.29.

Eight of the 11 primary S and P 500 sectors ended in the green, with utilities and real estate leading the gainers at a rise of 2.58 percent and 2.23 percent, respectively. Meanwhile, technology and communication services led the laggards, dropping 1.30 percent and 0.95 percent, respectively.

Due to an iPhone sales slump, Apple led the declines, tumbling 4.04 percent in its worst session since Aug. 5, while Tesla fell 3.36 percent. Nvidia lost around 2 percent, while Alphabet, owner of Google, also slipped about 1 percent.

Despite strong corporate earnings boosting sentiment earlier in the session, the major indexes surrendered their gains. Morgan Stanley topped earnings expectations, lifting its stock over 4 percent. Bank of America’s fourth-quarter profit reached 6.7 billion U.S. dollars, more than doubling earnings from a year earlier.

ID : 8412525

Published : 2025-01-17 17:15

Last Modified : 2025-01-17 17:36:10

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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