According to CoinMeta, at the close of trading on Thursday in the U.S. stock market, the Nasdaq index initially fell by 2.6%, the S&P 500 index fell by 1.2%, while the Dow Jones index rose slightly. Tech stocks suffered heavy losses: SpaceX ( SPCX.O ) fell by 9%, Meta Platforms ( META.O ) fell by nearly 7%, NVIDIA ( NVDA.O ) fell by 4.4%, SK (Hynix) fell by 8%, and Moderna ( MRNA.O ) fell by 17%. The Nasdaq China Golden Dragon Index fell by 1.19%, Alibaba ( BABA.N ) fell by more than 2%, and NetEase ( NTES.O ) fell by more than 3%.