PANews reported on March 10 that according to the China Securities Journal, US stocks fell across the board tonight. As of 22:30 Beijing time, the Dow Jones Industrial Average fell by more than 1%, the Nasdaq fell by more than 3%, and the S&P 500 fell by more than 2%. Some analysts said that market concerns about the US recession and tariff policies have reversed investors' risk appetite, and the VIX panic index rose by more than 14%, reaching its highest level since December 18 last year. Among them, Tesla once plunged by more than 9% at the beginning of the session, and its latest stock price has been "halved" from its historical high. On the news front, Wall Street institutions are increasingly pessimistic about Tesla's prospects, and UBS, JPMorgan Chase, Goldman Sachs and others have lowered their target prices. At the same time, other large technology stocks in the US stock market also fell across the board, with Apple, Nvidia, Google, and Meta falling by more than 4%. It is worth noting that the current trading style of the US stock market is undergoing a huge change. Under the dual pressure of US trade policy uncertainty and expectations of an economic recession, US stock investors are turning to a defensive strategy: selling technology stocks and buying high-dividend dividend stocks.