The three major U.S. stock indices opened lower, with the Dow Jones down 346 points

According to Jinshi News, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 346 points, the S&P 500 index decreased by 0.5%, and the Nasdaq Composite Index dropped by 0.67%. Cloudflare (NET.N) shares fell by 6% due to some network service outages. Pinduoduo (PDD.O) dropped by 5%, as the company stated that competition in the e-commerce industry has intensified. Baidu (BIDU.O) fell by 4.8% after the release of its financial report. The Nasdaq Golden Dragon China Index decreased by 1.6%.