US Stock Market Move | Technology stocks mostly fell, Amazon.com, Inc. (AMZN.US) dropped 2.8%

On Friday, most of the star technology stocks fell. As of press time, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell by over 3%, ASML Holding NV ADR (ASML.US) and Amazon.com, Inc. (AMZN.US) fell by 2.8%, NVIDIA Corporation (NVDA.US) fell by 1.6%, and Intel Corporation (INTC.US) fell by 1.1%. In terms of news, the United States Census Bureau released October retail sales data slightly higher than expected. Combined with the background of consecutive inflation data exceeding expectations in the previous two days, this further solidified the impression that the Federal Reserve does not need to rush to cut interest rates. The data shows that seasonally adjusted October retail and food service sales in the United States are estimated to be $718.9 billion, up 0.4% from the previous month (market consensus was 0.3%), and up 2.8% year-on-year. It is worth mentioning that the Census Bureau also revised the month-on-month growth rate of September retail data from 0.4% to 0.8%.