US Stock Market's Three Major Indices Close Lower; Apple Market Cap Surpasses $5 Trillion

36Kr reported that on October 14, the US stock market's three major indices closed lower collectively. The Dow Jones Industrial Average fell 0.09%, the Nasdaq Composite dropped 1.88%, and the S&P 500 declined 1.11%. Most large-cap tech stocks fell, with Oracle down more than 8%, Meta and Nvidia each dropping more than 3%, Tesla falling more than 2%, while Microsoft, Amazon, and Google each slipped more than 1%. Apple rose 0.5% to close at a market cap of $5.01 trillion, becoming the second company after Nvidia to break the $5 trillion valuation threshold. Netflix gained 0.16%. Popular Chinese ADRs broadly declined, with Bilibili, Nio, Li Auto, iQIYI, and Futu Holdings each falling more than 4%, XPeng Group and Tiger Brokers dropping more than 3%, and Baidu down more than 2%.