Tonight, the US stock market fell sharply. As of 22:30 Beijing time, the Dow index fell more than 1%, the Nasdaq index fell more than 3%, and the S & P 500 index fell more than 2%. Some analysts said that the market's concerns about the US economic recession and tariff policy have reversed investors' risk appetite. The VIX panic index rose more than 14%, hitting its highest level since December 18 last year. Among them, Tesla plunged more than 9% at the beginning of the session, and the latest share price has been "halved" from its historical high price. On the news, Wall Street institutions have become increasingly pessimistic about Tesla's prospects. UBS, JPMorgan Chase, Goldman Sachs and others have lowered their target prices. At the same time, other large technology stocks in the US stock market also fell across the board. Apple, Nvidia, Google, and Meta fell more than 4%. It is worth noting that the current trading style of the US stock market is undergoing tremendous changes. Under the dual pressure of US trade policy uncertainty and economic recession expectations, US stock investors are turning to a defensive strategy: sell technology stocks and buy high-dividend bonus shares. (Brokerage China)