US stocks rebound strongly

U.S. stocks rebounded sharply today after experiencing selling pressure triggered by less than expected employment data last Friday. The Dow Jones industrial average rose 1.25%, the S & P 500 rose 1.35%, and the Nasdaq Composite Index rose 1.83%. This rebound was mainly due to the impact of the European Union's postponement of new tariffs on the United States and the easing of negative market sentiment on last Friday's employment report.

Strand-like rotation is significant

In today's market, IDEXX Laboratories performed the strongest, with an increase of 26.58%, mainly because its profits and sales exceeded expectations and raised guidance. In addition, Wayfair's share price rose sharply due to an unexpected profit due to increased demand for home products. Relatively speaking, ON Semiconductor fell 12.81%, becoming one of the worst performing stocks.

The seven major US stocks generally rose

Among the top seven U.S. stocks, Vidia rose 3.05%, Tesla rose 1.92%, Apple rose 0.88%, Facebook rose 2.98%, Microsoft rose 2.52%, Alphabet rose 2.76%, and Amazon alone fell 0.90%. The general rise of these technology giants has a significant effect on the index, reflecting the rebound in market confidence in technology stocks.

Breaking news affects the market

Wayfair reported a surprise profit, sending its share price higher. At the same time, Berkshire Hathaway's share price is under pressure due to a decline in operating income and a major writedown on Kraft Heinz. Amazon's share price also fell as it closed its Wonderery podcast business and restructured its audio business. In addition, oil prices fell, gold prices rose, and the yield on the 10-year U.S. Treasury bond fell slightly.

Economic data and policy implications

Last Friday's employment data fell short of expectations, leading to increased market expectations that the Federal Reserve Commission may cut interest rates in September. Nearly 90% of investors now expect interest rates. President Trump's dissatisfaction with the employment data and criticism of the Federal Reserve Commission continue. Trump announced that he would significantly increase tariffs on India, further exacerbating market concerns about trade policy.

Bond and foreign exchange market dynamics

The yield on the 10-year Treasury bond fell slightly, reflecting market concerns about the future economic outlook. The dollar rose against the euro but weakened against the pound and yen. Most major cryptocurrencies performed higher, showing a rebound in market risk appetite.