According to Golden Finance, tonight, US stocks fell sharply across the board. As of 22:30 Beijing time, the Dow Jones Industrial Average fell by more than 1%, the Nasdaq fell by more than 3%, and the S&P 500 fell by more than 2%. Some analysts said that market concerns about the U.S. recession and tariff policies have reversed investors' risk appetite, and the VIX panic index rose more than 14%, hitting its highest level since December 18 last year. Among them, Tesla plummeted by more than 9% at the beginning of the trading session, and its latest stock price has been "halved" from its historical highest price. On the news front, Wall Street institutions are increasingly pessimistic about Tesla's prospects, with UBS, JPMorgan Chase, Goldman Sachs and others cutting their target prices one after another. At the same time, other large technology stocks in the US stock market also fell across the board, with Apple, Nvidia, Google and Meta falling by more than 4%. It is worth noting that the trading style of the US stock market is undergoing drastic changes. Under the dual pressures of U.S. trade policy uncertainty and recession expectations, U.S. stock investors are turning to a defensive strategy: selling tech stocks and buying high-dividend dividend stocks. (Broker China)