Technology stocks lead index higher, expectations of interest rate cuts and Sino-US news support the market

The S & P 500 and Nasdaq continued to rise in intraday trading, while Dow Jones remained flat, with funds biased towards growth and AI-related weights. The Dow Jones Industrial Average was temporarily reported at 45,818.79, down 0.03%; the S & P 500 Index was temporarily reported at 6,606.51, up 0.34%; the Nasdaq Composite Index was temporarily reported at 22,303.23, up 0.73%; the Philadelphia Semiconductor Index was temporarily reported at 6,036.62, up 0.58%. The focus of the panel focuses on this week's Fed resolution, Sino-US economic and trade interactions and the latest developments in TikTok.

The Federal Reserve has a high probability of cutting interest rates. The market pays attention to the voting structure and forward-looking signals.

Interest rate futures show that the market is betting that the Federal Reserve will cut interest rates slightly with a high probability, with a few betting on a larger move. Investors simultaneously pay attention to whether new officials join the FOMC in a timely manner and changes in the language of the statement, especially the description of the inflation process, balance sheet operations and risk assessment, which will affect the evaluation of short-term yields and growth stocks.

The spread of AI fever has driven semiconductor and storage stocks to strengthen most chip stocks

Semiconductor stocks expressed their views more, with ASML(ASML) rising 5.6%, and Seagate Technology(STX) rising 8.04% and standing above US$200 for the first time. Thanks to the AI Data Center's new hard disk theme, transaction volume increased simultaneously. Albemarle(ALB) rebounded by 6.33%, and the lithium material regained its emotional temperature. However, the news of China's regulatory investigation into the dumping investigation of U.S. analog ICs suppressed the momentum of some stocks. Nvidia(NVDA) fell slightly 0.29%, and Texas Instruments(TXN) weakened, indicating that the theme divisions still exist.

Seven major scientific and technological rights generally rise, Tesla leads the rise and becomes the focus

Most of the seven major U.S. stocks were higher during the session: Tesla(TSLA) rose 5.42%, Apple(AAPL) rose 0.71%, Meta Platforms(Facebook, META) rose 1.29%, Microsoft(Microsoft, MSFT) rose 0.37%, Alphabet (GOOGL) rose 3.41%, Amazon(Amazon, AMZN) rose 1.42%, and Nvidia(NVDA) fell slightly 0.29%. Tesla led the rally with the strongest momentum, with the market focusing on a positive interpretation of corporate governance and funding improvements.

Musk adds more than $1 billion to Tesla to boost trading and risk appetite

Regulatory filings show that Tesla CEO Elon Musk bought about US$1 billion in stock, stimulating the influx of buying and pushing up the stock price, which can significantly amplify the time-share amount. The profit spilled over to electric vehicles and upstream material themes, and the risk appetite on the market rebounded simultaneously.

TikTok trading framework reports progress, Oracle benefits from the upward attack

Chinese and American economic and trade officials launched a new round of talks in Madrid, and the relevant talks were more constructive. U.S. officials said that the two sides reached a framework consensus on the TikTok deal. Oracle(ORCL) was interpreted by the market as a potential beneficiary and rose by about 3% during the session. Software equity stocks were simultaneously boosted.

Intel cuts guide stock prices to stabilize with themes

The key to Intel's rise was that the company revised its full-year non-GAAP operating expense target after completing the sale of a majority stake in programmable chip business Altera to private equity Silver Lake. Signals of improved capital efficiency led to buying. Intraday trading volume has increased compared with the recent period, indicating that the willingness to cover funds is heating up.

Defensive consumption and pressure on agricultural chemicals are negative for individual stocks, dragging down the performance of ethnic groups

Kenvue(Kenvue, KVUE) fell 4.11%, and defensive consumption performed relatively weak. Corteva(CTVA) fell 4.63%, amid reports that the evaluation was split into two companies triggered increased uncertainty. In terms of pharmaceutical stocks, AstraZeneca(AZN) fell due to the suspension of British investment plans and the downgrade of European securities firms, and the performance of the medical care community was divided.

Economic data shows that manufacturing momentum has fallen, and outlook indicators remain positive

The Federal Reserve Bank of New York's Empire State Manufacturing Index fell back from 11.9 to minus 8.7, reflecting a significant weakening of new orders and shipments, with two sub-items returning to lows since April last year. However, the outlook index for the next six months remains in a positive range, indicating that companies still have some confidence in the prospects. Although short-term demand has cooled, there is no sign of a systematic decline.

Oil and gold went higher, yields fell, exchange rates and crypto-assets retreated

Crude oil and gold futures rose, while U.S. bond yields led the decline with a ten-year period, in line with the expected pricing direction of interest rate cuts. The U.S. dollar weakened against the euro, British pound and Japanese yen, cryptocurrency prices among risky assets generally retreated, and cross-asset signals were generally cautiously optimistic.

Markets with many technical aspects and quantitative and energy structures are waiting for the Federal Reserve to anchor

The index structure is supported by technology and semiconductor weights, with energy concentrated on AI, cloud and electric vehicle themes. Most vulnerable groups are limited to defensive consumption and some medical stocks. Overall, risk appetite remains in a relatively healthy range, and the market is waiting for policies and forward-looking guidance released by the Federal Reserve to anchor short-term fluctuations.