AI and credit scoring themes support the market, which means that the standard is almost equal to the standard

U.S. stocks were divided intraday trends, with technology and semiconductors supporting Nasdaq's rise, simultaneously suppressing the market's decline. The Dow Jones Industrial Average was temporarily reported at 46,423.1, down 0.04%; the Standard & Poor's 500 Index was temporarily reported at 6,709.62, down 0.02%; the Nasdaq Composite Index was temporarily reported at 22,822.66, up 0.30%; the Philadelphia Semiconductor Index was temporarily reported at 6,627.37, up 1.96%. The market breadth is weak, with nearly 60% of intraday declines, indicating that funds are concentrated in a few theme stocks. The index's resistance to decline mainly comes from technology rights and the strength of semiconductors.

Stock rotation focuses on technology and communication services, traditional industries are under relative pressure

On the market, electronic technology, health technology and communication services were competing, while technology services, consumer durable goods, finance and transportation showed differences. The semiconductor community continued to be strong, driving fees to lead the gains, and the social and cloud supply chains in communication services were boosted by orders and cooperation news. In contrast, the boom cycle and energy-related targets are under pressure, deepening the differentiation of large-cap stocks, and investors 'preferences have clearly returned to the themes of high growth and high boom visibility.

Semiconductor continues to lead long positions, ultra-micro strength, pushing up fees by half

Semiconductor kinetic energy is the main axis of today's disk surface. Advanced Micro Devices(AMD) rose about 3.87% intraday, driving the fee index higher; driven by AI computing demand and data center investment sentiment, the chip supply chain is generally strong. The market is also paying attention to the trend of computing contracts on large cloud and social platforms, driving relevant servers, accelerator cards and foundry chains to benefit simultaneously, becoming the main long-term force in the market.

Credit scorers 'dynamics set off individual stocks sharply divided FICO rose sharply, and credit three parties were under pressure

Credit scoring companies have become the focus of the session. Fair Isaac(FICO) surged more than 20%. The market expects its penetration and pricing power to increase after launching a new fee-based and direct-connect lending institution plan that combines per-piece and performance. Under the influence of this linkage, TransUnion(TRU) and Equifax(EFX) weakened, with Equifax falling about 7.93% intraday. The transaction volume of this group has increased simultaneously, indicating that funds are rapidly reassessing industry competition and market share changes.

Energy weakens, oil prices fall, Western petroleum and chemical stocks fall under pressure

The continuous decline in international oil prices suppressed the performance of energy stocks, with Occidental Petroleum(OXY) down about 7.54%, reflecting the intertwined pressure of increased supply expectations and demand doubts. Chemical industry groups were divided, with Celanese(CE) bucking the trend and rising by about 5.33%, indicating that fundamentals or corporate events supported the trend of individual stocks. Weak momentum in energy and raw materials has restricted value stocks in the short term.

Differences in AI support among the seven U.S. stocks offset the fatigue of electric vehicles and some software

Equity stocks performed seesaw. Nvidia(NVDA) reported 189.09 intraday trading, up 0.99%, supported by AI popularity and cloud order themes;Tesla(Tesla, TSLA) reported 445.78, down 2.98%, with cars and energy storage chains weak. Apple(Apple, AAPL) rose 0.74%, Meta Platforms(Facebook parent company, META) rose 0.98%, and Amazon(Amazon, AMZN) rose 0.83%, but Microsoft(Microsoft, MSFT) fell 0.76%, and Alphabet(Google parent company, GOOGL) fell 0.49%. The differentiation of equity stocks has intensified the market's turmoil, but the supporting effect of AI weights is still there.

Government shutdown delays official data market shift to private indicators and Federal Reserve signals

The U.S. government shutdown continues to ferment, and delays in the release of official data have shifted the market to private and regional indicators. The previously announced number of JOLTs job vacancies was 7.227 million, the Consultative Conference Consumer Confidence Index was 94.2, house prices increased by 1.8% in July based on S&P/Case-Shiller, and the Chicago PMI continued to be in the tightening range to 40.6. The overall data shows a pattern of cooling demand and manufacturing weakness. Investors are concerned about whether the Fed officials 'talks have sent a more biased signal to assess the interest rate path of the October meeting.

Futures and volatility show caution, interest rates fall, gold prices rise

Futures stabilized from rising intraday, with spot indices showing divergent performance; the VIX panic index rising, indicating that demand for hedging is heating. U.S. ten-year Treasury yields fell, reflecting the market's increased allocation of safe assets amid signals of a government shutdown and economic slowdown. The price of gold continued to hit new highs, and funds sought to preserve their value in the turmoil of stocks and bonds; the US dollar index fluctuated intraday, and short-term directional guidance on risky assets was limited.

Financial reports and company news intertwined, consumption and medicine are relatively stable

Corporate news also affects the market. Nike(NKE)'s stock price rose after its better-than-expected earnings report, and the resilience of demand for sporting goods supported the consumer boom;Eli Lilly (LLY) led the rise in medical stocks, with the market focusing on the product lines and policy interactions of large pharmaceutical companies. Corteva(CTVA) was shocked when it announced the separation of its seed and pesticide businesses. Content streaming and the topic of electric vehicles have also caused fluctuations in Netflix(NFLX) and Tesla, but buying and chasing prices within the community have varied.

Trading volume focuses on theme stocks, abnormal volume of individual stocks suggests a new main line of funds

Intraday volume can be concentrated on ethnic groups and individual stocks with clear themes. FICO, AMD, etc. have seen significant upswings in volume. United Natural Foods, a U.S. livelihood channel provider, hit a new high after the financial report, and trading popularity has increased. In contrast, some e-commerce and game concepts such as Etsy(e-commerce platform Etsy (ETSY) and DraftKings (DKNG) have been pulled back due to the digestion of news. The volume-price structure shows that funds are rotating in the short term driven by events, and their contribution to the index is concentrated in a few strong stocks.

Market outlook observation focuses on AI order visibility and closure process. The market uses data vacuum as a test of resilience

Looking forward to after-hours and subsequent trading days, the market focus is on the visibility of AI supply chain orders and the duration of the government shutdown. The vacuum period temporarily lacking in official economic data will amplify the influence of corporate financial reports and company announcements, and the index may continue the structure dominated by weights and subject stocks. Investors can pay attention to changes in volatility and the trend of bond market interest rates as an immediate reference for changes in risk appetite and funding.