&；nbsp；At 16:00 Eastern Time on April 16 (4:00 Beijing Time on April 17), news broke that due to Goldman Sachs being accused of fraud, the US stock market closed significantly lower on Friday, with the banking sector leading the decline. The US Securities and Exchange Commission accused Goldman Sachs of fraudulent and misleading investor actions in a certain subprime loan financial product, which caused selling pressure on financial and commodity futures stocks. Chinese internet companies also experienced a general decline on Friday.
By the close of trading, the Nasdaq Composite Index fell by 34.43 points, closing at 2,481.26 points, a decrease of 1.37%; the Dow Jones Industrial Average dropped by 125.91 points, closing at 11,018.66 points, a decline of 1.13%; and the S&P 500 Index fell by 19.54 points, closing at 1,192.13 points, a drop of 1.61%.
Chinese internet companies closed generally lower on Friday. Xinhua Yuedong Media (Nasdaq:XSEL) fell by 14.74%, Sohu (Nasdaq:SOHU) dropped by 5.08%.
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