Cailian Press, August 2nd – The three major U.S. stock indexes collectively closed lower, with the Dow Jones Industrial Average dropping by 1.23%, a cumulative decrease of 2.92% for the week. The Nasdaq Composite fell by 2.24%, with a cumulative decline of 2.17% for the week. The S&P 500 Index also saw a drop of 1.6%, with a cumulative decrease of 2.36% for the week. Popular technology stocks experienced a general decline, with Amazon falling more than 8%, Meta over 3%, Apple and Nvidia each down more than 2%, and Tesla, Microsoft, and Google each down more than 1%. The cryptocurrency and computer hardware sectors were among the biggest losers, with Coinbase dropping more than 16%, Strategy and Circle each down more than 8%, Agoria down more than 7%, QNX nearly 6%, Dell Technologies down more than 4%, Supermicro down nearly 4%, and Logitech down more than 3%. On the other hand, the weighted sectors of weight loss drugs and precious metals rose, with gold resources up nearly 17%, Jinten up more than 5%, Eli Lilly up more than 3%, and Novo Nordisk up more than 2%.