On July 30, the U.S. stock market closed on Tuesday. The Dow index initially closed down 0.46%, the S & P 500 index fell 0.3%, and the Nasdaq index fell 0.38%. Apple (AAPL. O), Tesla (TSLA. O) and Nvidia (NVDA. O) all fell in the 1% line, while Novo Nordisk (NVO. N) fell 21.8%. The Nasdaq China Golden Dragon index fell 1.35%, Alibaba (BABA. N) fell 2% and Li Auto (LI. O) fell 6%.
Novo Nordisk (NVO. N) fell 26 percent in premarket trading after the company named a new CEO.
U.S. pharmaceutical stocks fell premarket, with Novo Nordisk (NVO. N) down 5.25%, AbbVie (ABBV. N) down 4.12%, AstraZeneca (AZN. O) down 3.8%, Novartis (NVS. N) down 3.7% and Gilead Science (GILD. O) down 3.46%. Trump has announced that he will sign an executive order to immediately reduce drug prices by 30% -80%.