Wait and see Bauer and retail earnings, U.S. stocks sorted out within a narrow range

The main U.S. stock index was flat to slightly lower intraday. The market focus was on Federal Reserve Chairman Bauer's talks at Jackson Hole this week and retail earnings reports. Investors also paid attention to the progress of Washington's negotiations on Ukraine. The overall risk appetite became more conservative, and the index's volatility was limited.

The four major indices have limited changes, semiconductors lead slightly

The Dow Jones Industrial Average was temporarily trading at 44,945.05 points, unchanged; the S & P 500 Index was temporarily trading at 6,448.43 points, down 0.02%; the Nasdaq Composite Index was temporarily trading at 21,609.26 points, down 0.06%; the Philadelphia Semiconductor Index was temporarily trading at 5,769.74 points, up 0.30%. The disk structure shows that the performance of technology equity stocks is divided, but the chip group is relatively strong, and the overall transaction activity is stable.

Policy benefits push solar energy into a funding highlight

The U.S. Treasury Department announced new guidance on tax credits for Cleanenergy investments. Brokers such as Citigroup and Jefferies evaluated better than expected, driving the solar energy community to strengthen. First Solar(FSLR) surged 9.72% intraday. The news also drove Sunrun(Sunrun, RUN), SolarEdge (SEDG) and Enphase Energy(Enphase Energy, ENPH) to continue to rebound. The trading volume of related stocks increased simultaneously, becoming one of the strong mainlines of the market.

M & A rumors ignite, Human Resources Cloud software rises

Dayforce(Dayforce, Day) rose 26.73%, the top performer among the S & P 500, due to market reports that private equity firm Thoma Bravo is negotiating an acquisition. Intraday buying actively pushed up stock prices and increased volume, indicating that funds 'imagination of mergers and acquisitions in the corporate software sector is heating up.

Weight loss drugs expand indications and encourage biotechnology heavyweights

Novo Nordisk(Novo Nordisk, NVO) U.S. stocks rose after the U.S. Food and Drug Administration approved the indication of its weight-loss drug Wegovy to treat severe liver disease. Market interpretation The expansion of the clinical and commercial landscape of the drug will help increase long-term sales visibility and drive the popularity of heavy-duty biotech stocks to warm up.

Broker ratings and fundamental expectations influence the rise and fall of individual stocks

CVS Health(CVS) moved higher after receiving an upgrade from UBS, citing reasons including fee controls and improvements in its health care business. EQT(EQT, EQT) was downgraded by Ross Capital and warned that the oversupply of natural gas was suppressing prices, and its share price fell back 5.39%. At The same time, The Trade Desk(TTD) rose 5.87%, and market-focused digital advertising demand stabilized;Electronic Arts(EA) fell 3.61%, and Coherent (COHR) weakened 3.29%, showing divergence within the group.

Differences among the seven heroes suppress the push up of the market

Nvidia(NVDA) gained about 0.6% to $181.52 in intraday trading, with Tesla (Tesla, TSLA) rose about 1.3% to $334.97; Apple(Apple, AAPL) fell slightly by about 0.2% to $231.18, Meta Platforms(Facebook, META) fell by about 2.4% to $766.66, Microsoft(Microsoft, MSFT) fell by about 0.7% to $516.39, Alphabet (Alphabet, GOOGL) was almost flat and weakened to $203.91, while Amazon(AMZN) fell slightly to $230.86. Ultra-large technology stocks have mixed trends, with positive and negative contributions to the index offsetting each other.

Futures and volatility show that the market is biased towards wait-and-see

Stock index futures did not change much intraday, and investors waited for more policy and financial clues before laying out. The VIX panic index has limited fluctuations, implying that overall risk appetite remains neutral and lacks unilateral driving force in the short term.

Bond yields remain flat, US dollar strengthens, oil prices fall

The ten-year U.S. bond yield rate has not changed much, and the neutrality of interest rate signals has not put additional pressure on the evaluation. The US dollar has risen against the euro, pound and yen, reflecting the coexistence of risk aversion and spread factors. International oil prices and gold prices futures fell, energy and precious metals-related assets were under pressure, and short-term pulling on inflation expectations and risk aversion cooled simultaneously.

This week's highlights focus on the Federal Reserve Conference signals and the financial reports of the four retail giants

The minutes of the Federal Reserve's July meeting will be released in mid-week, with the market keeping an eye on inflation risks and the latest clues on the path of interest rate cuts; Bauer's conversation at Jackson Hole is also key and may re-anchor the interest rate outlook. Retail will welcome heavyweight financial reports such as Walmart (WMT), Target(TGT), Home Depot(HD) and Lowe's (LOW), as well as stocks such as Palo Alto Networks (PANW) and Blink Charging(BLNK). Consumer and corporate IT spending guidance is expected to provide a reference for the pulse of the boom.

The trend of geopolitical negotiations affects risk aversion

Investors pay attention to the meeting between Ukraine and the United States in Washington and its follow-up messages, and observe whether the policy context after the earlier high-level interaction between the United States and Russia has become clear. Any changes related to the ceasefire or sanctions framework may be transmitted to U.S. stock risk appetite through energy, European stocks and capital flows.

At the intraday trading level, we observe strength through volume, energy and key prices

Solar energy and M & A stocks such as First Solar and Dayforce showed a strong upward trend, and buyers were more proactive in the short term; relatively speaking, selling pressure from weaker stocks such as EQT, Electronic Arts and Coherent was more concentrated. With the index maintained in a narrow range, funds are more inclined to look for clear catalytic themes, and the volume-price structure has become an important basis for identifying strength and weakness.