Chinese concept stocks declined, with XPeng dropping over 5%, JD.com, Baidu, and Alibaba falling about 4%. Bitcoin fell below $96,000

  • 2025-11-15

 

On Friday (November 14), the three major US stock indices closed mixed. At the close, the Dow Jones fell 0.65% to 47,147.48 points, the S&P 500 fell 0.05% to 6,734.11 points, and the Nasdaq rose 0.13% to 22,900.59 points.

Large tech stocks were mixed, with the US Tech Giants Index rising 0.35%. Individually, Nvidia rose over 1%, Microsoft rose over 1%, Tesla rose 0.59%; Amazon fell over 1%, Google fell 0.78%, Apple fell 0.2%, and Facebook fell 0.07%.

Most bank stocks fell, with JPMorgan Chase falling nearly 2%, Goldman Sachs falling nearly 2%, Citigroup falling 0.37%, Morgan Stanley falling over 1%, Bank of America falling 0.53%, while Wells Fargo rose 0.41%.

Energy stocks collectively rose, with ExxonMobil up over 1%, Chevron up over 1%, ConocoPhillips up over 2%, Schlumberger up nearly 2%, and Occidental Petroleum up over 1%.

Airline stocks fell across the board, with Boeing down 0.03%, American Airlines down over 2%, Delta Air Lines down over 2%, Southwest Airlines down 0.62%, and United Airlines down over 2%.

Most chip stocks fell, with the Philadelphia Semiconductor Index down 0.11%. Lam Research fell over 3%, Microchip Technology fell over 2%, KLA Corporation fell over 2%, NXP Semiconductors fell over 2%, and Texas Instruments fell over 1%. On the gainers' side, Micron Technology rose over 4%, Nvidia rose over 1%, and Applied Materials rose over 1%.

Most Chinese concept stocks fell, with the Nasdaq Golden Dragon China Index down 1.61% and the China Technology Leaders Index down 2.28%. Individually, Futu Holdings fell over 7%, Gaotu Group fell over 5%, XPeng Motors fell over 5%, JD.com fell over 4%, Baidu and Alibaba fell nearly 4%, Tiger Brokers fell about 4%, while Canadian Solar rose over 17%, RLX Technology rose over 10%, Daqo New Energy rose nearly 6%, Jinko Solar rose over 2%, and Tuya Smart rose nearly 2%.

Spot gold fluctuated and fell, breaking below $4,100. The latest price was $4,082.159 per ounce, down over 2%.

In cryptocurrencies, major coins fell sharply. Bitcoin fell below $96,000 per coin. According to CoinGlass data, over 210,000 people were liquidated across the cryptocurrency network in the past 24 hours.

On the news front, according to CCTV reports, the White House Press Secretary stated that important October economic data might not be released due to the "shutdown." Although the current 43-day US federal government "shutdown" has ended, its impacts across various sectors in the US have not yet subsided. As of local time on the 13th, many renowned US museums and zoos remained closed.

According to CCTV reports, on local time the 14th, the Swiss Federal Council announced that US tariffs on Swiss products would be reduced from the current 39% to 15%.

Swiss Federal Councillor and Head of the Federal Department of Economic Affairs, Education and Research, Guy Parmelin, led a delegation to the US on the 13th for trade negotiations with US Trade Representative Jamison Greer. It is reported that the negotiations involved reducing the current US import tariffs on numerous Swiss goods to 15%. Since August 7, 2025, the US had imposed an additional 39% import tariff on Swiss goods.

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