AI's earnings report was more than in the early session. The wait-and-see index rose slightly higher, and the focus was locked in Huida

U.S. stocks remained volatile as investors watched Nvidia's earnings report. The Dow Jones Industrial Average was provisionally reported at 45,544.18, up 0.28%; the S & P 500 Index was provisionally reported at 6,478.8, up 0.20%; the Nasdaq Composite Index was provisionally reported at 21,574.68, up 0.14%; the Philadelphia Semiconductor Index was provisionally reported at 5,820.94, up 0.22%. Market sentiment is stable and can be conservative. Oil and gold prices are higher. The US dollar is stronger against the euro, pound and yen. Most crypto assets are up. Overall risk appetite remains but momentum is suppressed by uncertainty before the earnings report.

Large-scale technology high-level shocks semiconductors are relatively resistant to decline

Most of the seven major U.S. stocks consolidated slightly, with Nvidia(NVDA) trading 181.96, up 0.10%;Tesla (Tesla, TSLA)351.1, down 0.16%;Apple(Apple, AAPL)229.86, up 0.24%;Meta Platforms(Facebook, META)745.66, down 1.12%;Microsoft(Microsoft, MSFT)505.41, up 0.67%;Alphabet (Google parent company, GOOGL)208.01, up 0.03%;Amazon(Amazon, AMZN)228.68, down 0.01%. On the stock market, the semiconductor index was slightly stronger, indicating that the chip chain was relatively resistant to decline, funds were switching back and forth between AI core weights and software services, and communication services were weak due to Meta rollback.

Outstanding performance in program and material chains and heavy volume stocks led the gains

Software and material groups make up the highlights of the panel. MongoDB(MongoDB, MDB) volume surged by about 35%, driving cloud and development tool sentiment to heat up;Atlassian(TEAM) rose more than 4%, indicating that corporate software buying sentiment continues to strengthen. Albemarle(ALB) rose more than 7%, lithium-related chemical materials strengthened, and the market bet on the resilience of long-term demand for electric vehicles and energy storage. Overall, growth stocks are relatively popular with financial reports and themes, but their gains are still suppressed by key financial reports at night.

Disagreements between consumer and communication infrastructure, star stocks, news, affects stock prices

Retail and catering stocks each emerged from the news market. Kohl's (KSS) earned better than expectations and raised its outlook, and its share price rose;Cracker Barrel Old Country Store(CBRL) announced a subsequent rise in the restoration of its old trademark, indicating that the brand's actions were immediately reflected in its share price;Canada Goose Holdings(GOOS) rose after controlling shareholder Bain Capital reportedly received a privatization bid. Defensive consumption is relatively under pressure, The J.M. Smucker(J.M. Smoak, SJM) fell due to high coffee prices leading to a single-season loss. Tower operator SBA Communications(SBA Communications Infrastructure, SBAC) was downgraded by Bank of America and worried about the competitive effects of AT&T's acquisition of EchoStar(SATS) mid-and-low frequency spectrum, and its share price fell. In terms of financial stocks, Royal Bank of Canada(RY)'s better-than-expected earnings results drove stock prices higher. Emerging technology themes also have trends. IonQ(IonQ, IONQ) rose after being newly included in a buying rating by securities firms. Health care leader UnitedHealth Group(UNH) still rose slightly amid expanded reports of the Justice Department's criminal investigation, indicating limited negative response. In terms of apparel retail, American Eagle Outfitters(AEO) rose due to a joint product partnership with NFL star Travis Kelce, while Abercrombie & Fitch (ANF) reported better than expected but brand sales were under pressure and were near the intraday level.

Policies and interest rate trends intertwined, causing the interest rate curve to continue to steeper

Policy news kept the bond market volatile. The market continues to digest the personnel dispute between Trump and the R.P., member of the R.P., Lisa Cook. The short-term yield rate has rebounded from low levels. The 10-year U.S. bond yield has risen slightly around 4.28%, and the 30-year yield has remained above 4.95%. The two-year and 10-year spread has widened to a recent high, and the steeper curve reflects long-term inflation and fiscal uncertainty. In terms of international trade, media reported that the EU plans to accelerate the elimination of tariffs on industrial products against the United States in exchange for the United States to relax tariffs on European cars. At the same time, higher tariffs on Indian products have officially taken effect. The market evaluates the potential impact on global supply chains and corporate costs. In terms of commodity market conditions, oil and gold futures rose, crude oil turned stable and strong after falling the previous day, and the strengthening of the US dollar index suppressed the valuation of some risky assets.

Option pricing points to sharp fluctuations after earnings reports and risks management become the main axis of the intraday session

The options market shows that Nvidia's share price may experience a one-day fluctuation of about 6% after its earnings report, corresponding to a range of market value changes of about US$260 billion, highlighting the spillover impact of AI weights on the overall market. Volatility indicators remained relatively stable intraday, but trading positions were dominated by pre-event hedging and neutral strategies. Index futures and spot prices rose slightly simultaneously, and price differences changed limited, indicating that funds tend to reduce leverage exposure before the results are announced.

Energy focuses on the news stock index. The momentum still depends on the performance of equity stocks

Overall trading has not been significantly enlarged, and funds are concentrated in individual stocks with clear catalysts. Highlights of the news include MongoDB and Albemarle showing strong upsides, Atlassian continuing buying support; in contrast, The J.M. Smucker and SBA Communications saw selling pressure amid negative news. Most of the weight stocks fluctuated only slightly, keeping the index to maintain a slowly rising pattern, but the upward slope still depends on the financial report content and guidance of technology leaders in the evening.

Follow-up observation that Huida's financial report is linked to the long-end interest rate industry chain and the trend of the US dollar are the key

The two major observations focus on short-term market trends are Huida's financial report and the trend of long-term U.S. bond yields. If the AI supply chain's description of inventory and demand prospects is sound, it will help maintain the relative strength of semiconductor and cloud-related stocks; conversely, conservative guidance may trigger increased fluctuations in highly valued stocks. At the same time, if long-term interest rates continue to remain high, discounting pressure on the valuation of growth stocks will still exist, and the strong US dollar may also affect the profit conversion of multinational companies. Investors maintained disciplined risk management before the event was announced and waited for key signals before adjusting positions, becoming the main tone of the session.