Xin Lang Cai Jing·2025-08-29 23:57Core Viewpoint - On August 29, all three major U.S. stock indices closed lower, with the Dow Jones down 0.2%, the S&P 500 down 0.64%, and the Nasdaq down 1.15% [1] Group 1: Major Technology Stocks - Most large technology stocks experienced declines, with Tesla, Nvidia, and AMD dropping over 3%, Intel falling over 2%, and Amazon, Meta, and Netflix decreasing by more than 1% [1] - Microsoft and Apple saw slight declines, while Google experienced a small increase, reaching a new high [1] Group 2: Chinese Stocks - Most popular Chinese stocks saw gains, with the Nasdaq Golden Dragon China Index rising by 1.55% [1] - Alibaba's stock surged nearly 13%, marking its best single-day performance since March 2023, as company executives reported over 100 billion yuan invested in AI infrastructure and product development over the past four quarters [1]