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[The Nasdaq opened higher and moved lower, and the – October 27 , 2023

[The Nasdaq opened higher and moved lower, and the three major U.S. stock indexes all fell for the week] U.S. stocks closed on Friday, with the Dow Jones initially closing down 1.12% or 366.12 points, the S&P 500 index falling 0.48%, and the Nasdaq narrowing its gains to 0.38%. Stock indexes posted weekly losses. The Nasdaq China Golden Dragon Index closed up 0.08%, iQiyi (IQ.O) rose 2.35%, NetEase (NTES.O) rose 1.62%, and Li Auto (LI.O) rose 1.27%. Intel (INTC.O) closed up more than 9%, while Ford Motor Co (FN) fell more than 12%.

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