Financial recovery offsets technological noise

U.S. stocks stabilized intraday, while financial and some health care stocks strengthened, offsetting the pressure on semiconductor and gold mining stocks. The Dow Jones industrial average was provisionally reported at 46,052.09, up 0.22%. The S & P 500 index was tentatively trading at 6,633.78, up 0.07%. The Nasdaq Composite Index was provisionally trading at 22,564.55, up 0.01%. The Philadelphia Semiconductor Index was provisionally reported at 6,722.72, down 1.14%. Market sentiment was supported by the squeeze on regional banks 'earnings and the cooling of trade noise, but divisions within technology and the decline in precious metals made it difficult to be one-sided.

Money flows back into finance and health care

With the intertwining of financial reports and policy messages, funds are biased towards finance and some medical care groups. American Express(AXP) led the upswing, Truist Financial(TFC) rose with earnings, and Kenvue (KVUE) and Gilead Sciences(GILD) performed relatively well in health care. In contrast, Oracle(Oracle, ORCL) weakened, gold mining stocks retreated simultaneously, and technology hardware and chip stocks were under pressure.

Regional banks 'financial reports relieve pressure

The regional banking community rebounded after a series of earnings updates, easing short-term concerns about credit risk. Truist Financial(TFC) exceeded expectations thanks to higher wealth management fees and interest income, Huntington Bancshares (HBAN) and Fifth Third Bancorp (FITB) improved net profit, and Comerica (CMA) slightly improved its outlook. The previously pressured Zions Bancorporation(ZION) and Western Alliance Bancorporation(WAL) also stabilized, with regional bank ETFs outperforming the broader market.

Credit card spending resilience drives American Express

American Express(AXP) reported a quarterly performance that exceeded market expectations and raised its outlook. Driven by the momentum of swiping high-end card rights, its share price rose 6.78% intraday. The stock's trend has boosted the sentiment of financial stocks to warm up and also made a positive contribution to the Dow Jones Index.

Buying returns after legal noise Kenvue leads S & P gains

Kenvue(Kenvue, KVUE) saw buying cover after being hit by news of the British talcum powder lawsuit the day before, rising 8.43% during the session, making it the strongest performer among the S & P 500 components. Investors are betting that short-term fluctuations in individual legal risks have been reflected in prices, driving the replenishment of health care communities.

Risk of price reductions for weight-loss drugs drags down large pharmaceuticals

Shares of Novo Nordisk (NVO) and Eli Lilly(LLY) weakened after Trump expressed his desire to lower prices in response to the price of popular weight loss drugs. Market evaluation policies and price negotiation risks may affect the profit structure of relevant products, putting short-term pressure on large pharmaceutical communities.

Precious metals pullback hits gold mining stocks

As international gold prices fell back from high end, gold mining stocks were under pressure. Newmont(Newman Mining, NEM) fell 8.08% intraday, following a peer-linked retracement. Funds seek relative certainty between finance and some health care to counter the cooling of precious metal themes.

Internal division of technology semiconductors led the decline

Most large technology stocks are stable, but software and cloud are under pressure. The Philadelphia Semiconductor Index fell 1.14% as the focus of drag. Nvidia(NVDA) rose 0.29%, Tesla(Tesla, TSLA) rose 1.84%, Apple(Apple, AAPL) rose 1.37%, Meta Platforms(Facebook, META) fell 0.04%, Microsoft(Microsoft, MSFT) rose 0.06%, Alphabet (GOOGL) rose 0.17%, and Amazon(Amazon, AMZN) fell 0.98%. Oracle(Oracle, ORCL) fell 7.15%, becoming a source of pressure on the software community.

Trading momentum focuses on financial reports and issue stocks

Intraday trading was concentrated on earnings driven stocks related to policy issues, and finance and health care changed hands relatively actively. The trends of Kenvue(KVUE) and American Express(AXP) attract capital tracking. In contrast, gold mining stocks and individual software equity stocks have heavy selling pressure, allowing the overall market volume to remain balanced and the nature of stock selection is obvious.

Rising yields affect growth evaluation

The intraday rise in U.S. ten-year Treasury yields has affected the evaluation of high price-to-earnings ratios, but finance has benefited from expectations of stabilizing interest rates and asset quality and resisted declines. The technology sector is sawing between large-scale weight support and semiconductor pressure, making the market appear narrow.

Oil prices and the US dollar guide risk appetite

Crude oil futures edged higher, and changes in energy costs still guide inflation expectations. The dollar strengthened against the euro and pound and weakened against the yen, and foreign exchange movements showed funds weighing safe-haven and risky assets. Most major cryptocurrencies fell back, and risk appetite showed no significant expansion.

Trade noise cools and support futures index stabilizes

Trump said that the previous high rate of tariff increases on China goods was not sustainable in the long term, and reiterated his plan to meet with China leaders. Concerns about warming trade and cooling pushed the U.S. stock futures index from falling to rising. Although policy uncertainty still exists, short-term risk appetite has been boosted, forming moderate support for the market.

The two major variables of policy and credit still need to be observed

The market is still concerned about the federal government shutdown dispute and the development of subsequent credit events in regional banks. The earnings and asset quality evidence provided by the earnings season will continue to dominate the relative strength of financial stocks; at the same time, the technology community needs to absorb the gap in evaluation and industry fundamentals. Overall, the market is dominated by stock selection and theme rotation, and the index maintains a stable pattern under the tug of funds from various sources.