Intel Warns of PC Headwinds, Alphabet Earnings Disappoint
US stocks closed lower on Thursday 29日, as chip giant Intel warned of near-term headwinds for the PC industry, falling 3.62% at the close with after-hours losses already exceeding 20%. Meanwhile Alphabet's weaker-than-expected earnings weighed on chip and AI-related stocks, becoming a major drag on the broader market.
Four Major US Indexes Close Lower; Magnificent Seven Mixed
All major US indexes closed lower on 29日. The Dow Jones Industrial Average fell 132.54 points or 0.25% to close at 52342.56 points; the S&P 500 fell 23.59 points or 0.30% to close at 7720.39 points; the Nasdaq fell 365.12 points or 1.38% to close at 26184.73 points; the Philadelphia Semiconductor Index fell 165.80 points or 1.42% to close at 11518.20 points. Among the Magnificent Seven, Nvidia closed at 213.66 dollars, down 0.8%; Meta closed at 624.52 dollars, up 1.96%; Apple closed at 348.91 dollars, up 1.48%; Alphabet closed at 282.32 dollars, down 12.29%; Microsoft closed at 530.14 dollars, down 0.16%; Amazon closed at 243.79 dollars, down 4.25%; Tesla closed at 403.3 dollars, down 0.23%.
TSMC ADR Weakens, Most Memory Stocks Fall
In Taiwan ADRs, TSMC ADR closed at 431.81 dollars, down 1.75%; Hon Hai ADR closed at 15.25 dollars, down 1.55%; ASE ADR closed at 44.55 dollars, up 1.43%; UMC ADR closed at 18.04 dollars, down 4.14%; Chunghwa Telecom ADR closed at 48.55 dollars, up 0.83%. In memory stocks, SK Hynix ADR closed at 162.09 dollars, down 1.58%; SanDisk closed at 1330.05 dollars, down 5.32%; Micron closed at 934.27 dollars, down 4.98%; Western Digital closed at 395.41 dollars, down 0.25%; Seagate Technology closed at 700.47 dollars, up 0.36%.
Night-Session TAIEX Futures Fall Below 46000 Points to Close at 45926 Points
After-hours TAIEX futures successively fell below the 47000-point and 46000-point levels, finally closing at 45926 points, down 643 points or 1.38%. Against the backdrop of weaker US chip and AI concept stocks and declines in heavyweight ADRs such as TSMC, night-session trading was weak. Investors should make independent judgments, carefully assess risks, and bear their own investment risks.