U.S. stocks closed: The Big Seven were sharply sold off, and the small-cap index rose 3.5%.

On July 12, the U.S. stock market closed on Thursday, the Dow index initially closed up 0.08%, the S & P 500 index fell 0.88%, and the Nasdaq index fell 1.95%. The seven giants of the U.S. stock market suffered the biggest selling pressure in nearly a year. NVIDIA (NVDA. O) fell more than 5%, its market value plummeted by $185 billion, Tesla (TSLA. O) fell more than 8%, and the remaining five giants all fell at least 2.3%. The Russell 2000 index rose 3.57%, its best one-day performance in seven months. The Nasdaq China Golden Dragon index closed up 2.2% and Alibaba (BABA. N) rose 3.3%.