Dow Falls, S & P 500 rebounds after four consecutive trading days

U.S. stocks closed in Tuesday. The Dow closed down and the S & P 500 rebounded after a four-day decline. More than expected performance of retailers. Investors await the minutes of the last currency meeting that the Fed will release tomorrow.

US-East Time August 20 16:00 (Beijing time August 21 04:00), Dow Jones (15002.99,-7.75,-0.05%) the industrial average fell 7.45 points, closed at 15,003 29, or 0.05%, Nasdaq [Weibo] (3613.59, 24.50, 0.68% the composite index rose 24.5 points, closed at 3,613 59 points, or 0.68%, and the standard and poor 500 index rose 6.32, at 1,652 38, or 0.38%.

China's concept stocks in Tuesday close to each other, NetEase following yesterday's stock rally, continued to rise today, up 10.68%, reported 74.2 U.S. dollars, set a 52-week new record.

On the morning of August 19, China Telecom joined NetEase to announce the launch of Instant messaging, which is the world's first joint venture between telecom operators and Internet companies to deliver products, compared with similar applications such as micro-letters, easy letter with free SMS, free phone messages and other functions, Will continue to integrate China Telecom and NetEase related services.

The Chinese concept stock also has 3 shares to rise more than 3%, the medium star microelectronics rises 4.93%, learns the big education to rise 3.64%, cool 6 media rises 3.03%.

In the other, the share of the share of the shares plunged 39.91%, reported 11.58 U.S. dollars, Orchid Pavilion set yesterday morning released two quarterly results. According to the report, the net revenue of the pavilion was 72.2 million U.S. dollars in the second quarter, a 52.6% increase over the same period last year, and a net profit of $600,000, with a net loss of 1.4 million dollars over the same period last year.

In response to analysts ' weak performance in June, Shire, CFO of the pavilion, said two things in the two quarter affected the company's earnings, one internal execution, and the company's forecasts for the two-quarter user conversion were consistent with the actual results, similar to the figures for the two quarter last year and the first quarter of this year, which are also related to seasonality, But we did not anticipate the June decline in the conversion rate, in part because the company's commodity strategy too much focus on high-end products, not enough attention to low-end products; second, competitors to the company's IPO response is unprecedented strong, they through a sharp price and scramble for traffic to suppress the orchid pavilion trend, But companies see these competitive actions as unsustainable. The company believes that in the future to make forecasts, not only to consider the internal situation of the company, but also to consider the external situation.

The other 5 stocks declined more than 7%, the Titanic dropped 13.48%, Rice fell 8.93%, the perfect World fell 7.9%, Dangdang fell 7.74%, century Jia margin fell 7.27%.