Zheng Quan Shi Bao·2026-01-21 00:25Market Overview - The US stock market experienced a significant decline on January 20, with all three major indices falling sharply. The Dow Jones Industrial Average dropped by 870.74 points, closing at 48,488.59, marking a 1.76% decrease and the largest single-day drop in three months [2][3] - The S&P 500 index fell by 2.06% to 6,796.86 points, while the Nasdaq index saw a decline of 2.39%, closing at 22,954.32 points [2][3] Currency and Bond Market - The US dollar index decreased by approximately 0.8% during the day, ultimately closing down nearly 0.5% [1] - US Treasury yields rose, with the 10-year yield increasing by 6.76 basis points to 4.2906%, and the 30-year yield rising by 7.92 basis points to 4.9158%, reaching the highest levels since early September of the previous year [1] Sector Performance - Major technology stocks experienced significant declines, with Nvidia and Tesla both dropping over 4%. Other notable declines included Apple and Amazon, which fell by more than 3%, while Meta and Google saw declines of over 2% [3][4] - Financial stocks also faced losses, with Citigroup down over 4%, and both JPMorgan and Morgan Stanley declining by more than 3% [4] - Airline stocks mostly fell, with Delta Air Lines and United Airlines both dropping over 4% [5] - Semiconductor stocks were generally down, with the Philadelphia Semiconductor Index falling by 1.68%. However, Intel saw an increase of over 3% [5] International Market Trends - International gold and silver prices continued to rise, reaching new historical highs due to geopolitical tensions [6][7] - COMEX gold futures surpassed $4,770 per ounce, marking a 2% increase, while silver futures approached $96 per ounce before retreating [7]