Interest rate differences and inflation outposts suppress the market

The intraday trend of U.S. stocks weakened, with differences in the path of the Fed's interest rate cuts and key inflation data looming, suppressing risk appetite. Funds are turning to defensive and event-driven targets, AI and electric vehicle themes are relatively resilient, and raw materials and some software stocks are under pressure. Higher U.S. bond yields and a stronger U.S. dollar simultaneously limit the expansion of stock market evaluation.

The four major indexes fell simultaneously, while technology was weak

The Dow Jones Industrial Average was provisionally reported at 46,198.76, down 0.20%. The S & P 500 index was temporarily trading at 6,640.90, down 0.24%. The Nasdaq index was temporarily trading at 22,504.02, down 0.31%. The Philadelphia Semiconductor Index was temporarily reported at 6,293.97, down 0.23%. The intraday index turned from a rebound in early trading to a pullback, with growth stocks leading the decline slightly higher, indicating that the sensitivity to interest rates and evaluations is still high.

Federal Reserve's signal divergence and valuation talks affect emotions

Federal Reserve Chairman Powell reiterated that interest rate cuts will be advanced cautiously, and mentioned that stock market valuations are at a high level, which is intertwined with recent officials 'disagreements on the policy path, making the market tend to reduce leverage and risk exposure before waiting for new clues. Investors are focusing on whether the personal consumption expenditure price index can continue the slowing trend of inflation to support expectations of further easing during the year.

Housing market data unexpectedly strengthened, but affordability is still being tested

The latest data from the Census Bureau of the Ministry of Commerce showed that new home sales rose unexpectedly, and the fall in mortgage interest rates led to the release of deferred demand. However, the water level of house prices and interest rates still puts pressure on affordability, and the strength of the housing market's cyclical recovery still relies on downward interest rates and the continuation of employment momentum.

AI chain trend diverges, memory take-back design and PC chain strengthens

Memory supplier Micron Technology(Micron, MU) reported a better-than-expected quarterly report, but its share price fell intraday, reflecting previous gains and position adjustment pressure. Design fell against the PC chain, with Marvell Technology(Maiweir, MRVL) rising 6.43%, Intel(Intel, INTC) rising 5.73%, and Feb. still fell slightly, indicating divisions within the community. Nvidia(NVDA) fell 0.66%. AI themes were intertwined with long and short themes, and the themes continued but the willingness to chase prices became cautious.

Electric vehicle themes are pushed up by optimistic expectations

Tesla(Tesla, TSLA) rose 3.25% to 439.70 in intraday trading, as corporate entities upgraded their ratings and target views, a moderate assessment of tariff impact, and long-term imaginary themes of autonomous driving led to a return of buying. Funds tend to choose leading stocks with both fundamentals and narrative among highly volatile themes.

China General AI investment is heating up to stimulate the performance of individual stocks

Alibaba(Alibaba, BABA) surged sharply, and the market has positive interpretations that the company will increase AI capital expenditures to a higher level than originally planned in the next three years, helping maintain competitiveness during the accelerated phase of global AI investment. The news boosted the sentiment of relevant China, General Administration and cloud ecosystems, indicating that funds still give a premium to quantifiable AI investment commitments.

Weaker raw materials and stronger energy funds rotate among recurring stocks

Freeport McMoRan(FCX) fell 14.66%, as the company guided copper and gold sales in the quarter to be lower than market expectations, dragging down the performance of the metal mining industry. In contrast, rising oil prices have driven energy stocks to continue to strengthen. Stimulated by policy rumors, Lithium Americas(LAC) surged sharply. Market reports said that the Trump administration may take a stake in the company's development project, and Albemarle(ALB) benefited simultaneously; however, the fundamentals of the stock market still depend on the demand for electric vehicles and the trend of long-term contract prices.

Software evaluation is under pressure, high-quality growth stocks appear profit-taking

Adobe(Adobe, ADBE) has been downgraded by major foreign investors. The market's doubts about its AI monetization pace and competitive landscape have risen, and the evaluation of software communities is under pressure to reassess. In an environment of rebound in interest rates, high-quality growth stocks are more vulnerable to the dual impact of valuation suppression and position cooling in the short term.

The performance of the seven major U.S. stocks is divided and suppresses index elasticity

The trends of the seven leading U.S. stocks showed significant divergence. Nvidia(NVDA) reported 177.26 intraday trading, down 0.66%;Tesla (Tesla, TSLA) intraday trading at 439.70, up 3.25%;Apple(Apple, AAPL) intraday trading at 251.58, down 1.12%;Meta Platforms(Facebook, META) intraday trading at 755.10, down 0.04%;Microsoft(MSFT) intraday trading at 508.07, down 0.23%;Alphabet (Alphabet, GOOGL) reported 249.47 intraday trading, down 1.14%;Amazon(AMZN) reported 221.06 intraday trading, up 0.16%. Differences in equity stocks limit index elasticity, but individual stock themes still dominate intraday capital flows.

Bond market weakens, US dollar strengthens, gold price falls, risk appetite is neutral and conservative

The 10-year U.S. bond yield rose, the U.S. dollar strengthened against the euro, the pound and the yen, the price of gold fell, most cryptocurrencies rose, and cross-asset signals showed mixed. The rebound in interest rates has put valuation pressure on high-value assets and has also suppressed the momentum of the stock market's rebound.

Intraday transactions focused on event-driven index stocks, dominated by defensive shocks

Energy is concentrated in weight and theme stocks with clear news catalysts. The index is sorted back and forth between the front high area and the short-term moving average. Investors mostly wait and see for inflation and policy clues. Observed from the time-sharing trend, selling pressure mainly occurs among the rising groups, and the defense and undertaking strength of high dividend targets are relatively stable.

Follow-up observations focused on inflation data and the voice of the Federal Reserve Association

The market will continue to track the guidance of the personal consumption expenditure price index on the path of inflation, and will pay attention to whether subsequent talks by Federal Reserve officials alleviate policy differences. The impact of interest rate trends, changes in oil prices and the strength of the US dollar on evaluations and capital flows are also short-term keys; companies pay attention to AI capital expenditure commitments, electric vehicle demand and basic metal supply and demand signals, as important leading indicators for stock rotation.