According to a report by China Securities, the US stock market experienced a sharp decline tonight. As of 22:30 Beijing time, the Dow Jones Industrial Average fell more than 1%, the Nasdaq fell more than 3%, and the S&P 500 index fell more than 2%. According to analysis, market concerns about the US economic recession and tariff policies have reversed investors' risk appetite, with the VIX panic index surging over 14%, reaching its highest level since December 18th last year. Among them, Tesla experienced a sharp drop of over 9% at the beginning of trading, and its latest stock price has "halved" from its historical high. On the news front, Wall Street institutions have become increasingly pessimistic about Tesla's prospects, with UBS, JPMorgan, Goldman Sachs, and others lowering their target prices. At the same time, other large tech stocks in the US stock market also fell across the board, with Apple, Nvidia, Google, and Meta plummeting by over 4%. It is worth noting that the trading style in the current US stock market is undergoing significant changes. Under the dual pressure of uncertainty in US trade policies and expectations of economic recession, US stock investors are turning to defensive strategies: selling technology stocks and buying high dividend stocks.
