Dow Jones high-tech stocks weaken, funds turn to earnings and transfer of assets

The Dow Jones Industrial Average hit another record high during the session, with the S & P 500 rising slightly and the Nasdaq weakening, reflecting a shift in funds away from highly valued growth stocks to traditional industries that benefit from financial reports and business cycles. The Fair-Half Index fell simultaneously, and the trend of semiconductors was under pressure. The market focus was on the immediate impact of financial reports and company forward-looking updates on the market trend.

Traditional industries and industrial energy lead the attack

Industrial and energy services performed strongly. General Motors(General Motors, GM) surged, benefiting from better-than-expected quarterly profits and a revised full-year outlook; 3M (3M, MMM) leapt to the ranks of Dow Jones strong stocks, raising its full-year guidance to boost buying gas;Halliburton(HAL) rose simultaneously, and the energy service chain performed well. The trend of the above-mentioned individual stocks highlights that funds are biased towards value and circular stocks under the catalysis of financial reports.

Financial reports and forward-looking updates become dominant

Financial report news has become the main axis of many parties. General Motors(GM) announced single-quarter results that exceeded market expectations and revised its full-year profit outlook, driving the evaluation of the automobile and component community to warm up; 3M (3M, MMM) beat market expectations and raised its full-year target to improve concerns about industrial demand;Coca-Cola (KO) rose due to optimistic earnings reports, and defensive consumer goods stabilized market sentiment.

Media entertainment rises sharply due to strategic review

Warner Bros. Discovery(WBD) rose sharply after announcing the launch of a strategic review to inspire investors 'expectations for improved asset portfolios and cash flow. With the increasing attention from its own groups, Netflix(Netflix, NFLX)'s financial report has attracted much attention, with the market focusing on the contribution of its advertising and live broadcast layout to subscription and revenue momentum.

Gold's fall drags down gold mines, but energy prices hold steady

Precious metal prices fell after hitting highs, gold mining stocks were under pressure, and Newmont(NEM) fell significantly. Crude oil futures have not changed much, and stable oil prices are conducive to the relative performance of energy services and upstream assets. At the same time, Philip Morris International(PM) has still fallen despite the revised full-year profit guidance, indicating the market's pressure to reassess valuations and product portfolios.

Differences in large-scale technology trends drag down Nadai and semiconductors

The performance of large technology stocks is divided, which has a significant impact on the index. Nvidia(NVDA), Microsoft(MSFT) and Tesla(TSLA) were weaker, while Alphabet(GOOGL) fell relatively large; in contrast, Amazon(Amazon, AMZN) and Apple(Apple, AAPL) rose, and Meta Platforms(Facebook, META) rose slightly. The internal growth and decline of technology has put pressure on Nasdaq, and the simultaneous decline in the fee index shows that the revision of chip population evaluation has not yet ended.

Trading momentum is concentrated on individual stocks with clear themes

Market volume and capital tendency are concentrated in individual stocks with clear catalysts. General Motors(General Motors, GM) and Warner Bros. Discovery(WBD) showed positive buying orders and their stock prices continued their trend;Newmont(NEM) and Philip Morris International(PM) had heavy selling pressure, and short-term support tests were clear. NuScale Power(SMR) weakened as market reports pointed out that activist investor Starboard Value had a stake in about 50% of Fluor(FLR) and suggested evaluating strategic options for its nearly 40% stake in NuScale, with related uncertainties depressing buying sentiment.

Bond yield retractions and a stronger US dollar suppress growth stocks

The lower yield on 10-year U.S. government bonds has eased some valuations, but the strengthening of the U.S. dollar against the pound, euro and yen has affected the exchange prospects of multinational companies. Most of the major crypto assets rose, with commodity oil prices stable and gold prices falling from high levels. Volatility indicators have limited changes, and risk sentiment is mainly driven by financial reports.

Follow-up observations focus on the Fed's signals and earnings peaks

The market continues to pay attention to the implications of Fed officials 'conversations and inflation-related data on the interest rate path. The corporate earnings season has entered an intensive announcement period, and forward-looking narratives of advertising technology, streaming and industrial demand will influence the rotation of funds. Investors will focus on surprises or disappointments in financial reports and guidance in the short term, and pay attention to whether the strong and weak transition between transfer and large-scale technologies continues.