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NEW YORK cheap nike shox , April 4 (Xinhua) -- U.S. stocks slumped after the Dow Jones Industrial Average and the S&P 500 briefly touched record intraday highs earlier in the session Friday, as the sell-off of tech shares weighed on the market.

The blue-chip Dow slipped 159.84 points, or 0.96 percent, to 16, 412.71. The S&P 500 plunged 23.68 points, or 1.25 percent, to 1, 865.09. The Nasdaq Composite Index plummeted 110.02 points Cheap Nike Air Max 270 Flyknit Black Starry Sky , or 2. 60 percent, to 4,127.73.

The tech-rich Nasdaq dipped to a two-month low, as momentum stocks including Tesla, Netflix and Amazon were again sold by smart money, which chose to take risks off the table, awaiting more evidence from an upcoming new round of corporate earnings season to justify the bullish market.

Until the S&P 500 falls under 1840 along with other major indices violating February lows, this correction will be short- term only and prices lie just above meaningful intermediate term support Cheap Nike Air Max 270 Flyknit Army Green Black , Mark Newton, chief technical analystPartner at Greywolf Execution Partners Inc, said in a note Friday.

However, the breakdown in momentum is indeed a real intermediate term concern, and means "we likely have at least begun a topping process where various indices will peak at different times," he added.

The market initially moved higher, with both the Dow and the S& P 500 setting record highs of 16,631.63 and 1897.28 Cheap Women's Nike Air Max 270 Coral Stardust , respectively, following the release of goldilocks U.S. non-farm payroll report in March before the opening bell.

U.S. total non-farm payroll employment added 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the Labor Department said Friday. Economists had expected the employment to increase 206,000 in the month and the unemployment rate to fall to 6.6 percent.

Though trailing economists' forecast, the jobs report is not considered to alter the Federal Reserve's tapering progress, as it suggested that world's largest economy is still strengthening Cheap Nike Air Max 270 Men's Grape , which had propelled major indices to rewrite record book repeatedly in the past couple of weeks.

On a weekly basis, the market closed in mixed territory, with the Dow logging a three-week winning streak, up 0.5 percent, the S& P 500 jumping 0.4 percent and the Nasdaq dropping 0.7 percent.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose 4.41 percent to end at 13.96 Friday.

In other markets, oil prices gained Friday as investors tried to digest the U.S. jobs report in March. Light Cheap Nike Air Max 270 Men's Camo Heel , sweet crude for May delivery moved up 85 cents to settle at 101.14 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery added 57 cents to close at 106.72 dollars a barrel.

Gold futures on the COMEX division of the New York Mercantile Exchange ended higher Friday, with the most active gold contract for June delivery up 18.9 dollars to settle at 1,303.5 dollars per ounce.

The U.S. dollar mixed against other currencies Friday after the U.S. March non-farm payrolls came in tepid.

In late New York trading, the euro lost to 1.3703 dollars from 1.3715 dollars of the previous session, and the dollar bought 103. 23 Japanese yen, lower than 103.92 yen of the previous session.

BEIJING, June 18 (Xinhua) -- Chinese Internet users splurged on the mid-year online shopping spree on Sunday.

While November 11 Cheap Men's Black God Nike Air Max 270 Flyknit , or Single's Day, is the largest online shopping festival in China created by Alibaba's Tmall, June 18 ("618") shopping festival was launched by JD, Tmall's arch rival.

Other companies soon jumped on the bandwagon and began to offer special offers to get more customers.

On June 18, JD reported its first hour sales more than doubled from the same period last year. Tmall pocketed over 100 million yuan (14.71 million U.S. dollars) seven minutes after its opening. Another Chinese e-commerce heavyweight Suning saw its orders more than quadrupled from a year ago.

According to iResearch, a Beijing-based consultancy, while demand is high, Chinese consumers tend to be rational by caring more about quality instead of price.

The top five items on the shopping list of JD consumers are cell phone Cheap Nike Air Max 270 Men's Hot Punch , air conditioner, flat panel computer, laptop and baby formula. Consumers are more selective in quality.

Kaola, a cross-border e-commerce platform, found consumers are becoming more critical in selecting big names, but were less interested in popular best-sellers.

Cao Lei, director of China E-Commerce Research Center, said with consumer upgrade going on in China Cheap Nike Air Max 270 Men's Light Bone , e-commerce market has shifted from "price war" to responding to the demands of the affluent and sophisticated middle class.

Putting all those purchases into consumers' hands is a huge task.

To make fresh food reach consumers in the shortest period of time possible, Tmall's cold chain service is operating around the clock. Its daily delivery of fresh food totals near 500 tonnes.

By using smart warehouse, it takes only three minutes to move a parcel out of the depot through automated assembly lines.

E-commerce platforms are using drones to make speedy deliveries. At this year's "618" shopping festival, Suning is using drones to get packages directly to shoppers in rural villages.

JD uses augmented reality and virtual reality to offer interactive shopping experiences and also employs robots, driverless cars and drones for deliveries.

Xu Lei, JD Group's chief marketing officer, said retail sales will be driven by changing consumer habits and technology upgrades.

The mega-spending spree came as China's economy is slowing down as the world's second largest economy is transitioning from dependence on export and investment to consumer spending.

Growth of the property development investment slowed in May for the first time since November, but retail sales grew 10.7 percent year on year in May boosted by strong online sales Cheap Nike Air Max 270 Men's Midnight Navy , signaling continued c. Wholesale NHL Jerseys China Free Shipping   Wholesale NFL Jerseys   Wholesale Hockey Jerseys   Wholesale Basketball Jerseys   Wholesale Authentic MLB Jerseys   Wholesale Jerseys China Cheap   Wholesale Adidas NHL Jerseys   Wholesale Nike NFL Jerseys From China   Wholesale Authentic College Jerseys   Wholesale Basketball Jerseys From China