Netease Technologies News, August 6, according to foreign media reports, the U.S. stock market fell sharply on Monday local time, in which technology stocks were hit particularly hard.



The Dow Jones Industrial Average fell nearly 900 points, then rebounded later in the afternoon, closing at 760. The Nasdaq Composite Index, where many technology companies are based, fell 3.4% (or 277.10 points).


Among them, Alphabet's shares fell 3.49%, Amazon's 3.19%, Apple's 5.23%, Facebook's 3.86% and Microsoft's 3.43%, all losing $162 billion in market value.

        The five technology giants lost $66 billion in market capitalization on Friday, and Monday's plunge evaporated $228 billion in two days.



         Stock markets continue to be under pressure as US President Donald Trump threatens to impose new tariffs on goods from China on September 1, 2019. These tariffs are expected to include consumer goods and clothing, while adversely affecting technology companies.



        For these technology companies, the biggest concern is the potential threat of U.S. tariff expansion. If these tariffs take effect, they will have a significant impact on the local market of these companies.



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