Finance and transfer of property have taken over to push up Daoqiongke companies under pressure, and the index is weak.

U.S. stocks showed exponential divergence during the session. Financial reports and strength in value stocks drove Dow Jones up. The consolidation of technological equity put pressure on Nasdaq. Investors weighed between tensions between the U.S. and China and the empty window of economic data, and funds shifted to finance and some traditional stocks in the short term.

In index differentiation, Dow Jones led the rise, the S & P rose slightly, and the index fell slightly.

The Dow Jones Industrial Average was temporarily reported at 46,451.65, up 0.83%; the S & P 500 Index was temporarily reported at 6,675.9, up 0.32%; the Nasdaq Composite Index was temporarily reported at 22,671.89, down 0.10%; the Philadelphia Semiconductor Index was temporarily reported at 6,700.14, down 0.35%. The volatile pattern after Monday's strong rebound continued. Intraday back-market buying was mainly concentrated on financial and some energy-related targets. The relative weakness of technology and semiconductors dragged down the performance of growth stocks.

The rotation of funds is biased towards finance and energy weaknesses in medical care and Netcom.

In terms of strong stocks, Wells Fargo(WFC) rose 8.44%, Enphase Energy(ENPH) rose 5.37%, and KKR(KKR, KKR) rose 5.17%, most of which were accompanied by significant volume. Weak stocks, Arista Networks(ANET) fell 4.41%, and Humana(HUM, USA) fell 3.65%, reflecting short-term selling pressure from the Medical Insurance and Data Center Netcom community.

Wall Street bank earnings reports affect sentiment in financial stocks.

The third quarter earnings season officially kicked off. The stock prices of JPMorgan Chase(JPM), Citigroup(C) and Goldman Sachs(GS) fluctuated intraday after the results were announced. Even though Goldman Sachs and JPMorgan Chase benefited from mergers and acquisitions and the active capital market and improved profits, the stock prices were still lower, and the market was more focused on outlook and capital allocation dialogue; in contrast, Wells Fargo(WFC)'s strong profit pushed up the stock price significantly, driving the popularity of financial stocks back.

The Federal Reserve communicates policy signals to maintain the path unchanged, data window amplification.

Federal Reserve Chairman Bauer said at the NABE Annual Meeting that the outlook for employment and inflation has not changed much since the last meeting, but the downside risks to employment have increased, which is interpreted by the market as maintaining the flexibility of easing options. Under the release of government shutdown delay statistics, the original September CPI has been revised to late October. Retail sales and producer prices are also expected to be postponed. The data window has made the market rely more on instant messages from Federal Reserve officials. Affected by this, U.S. bond yields fluctuated within a narrow range during the session, and the VIX panic index was moderate and did not rise sharply.

The rising friction between the United States and China in shipping suppresses risk appetite.

China has imposed sanctions on five US-related units under Hanwha Marine and levied special port fees with the United States. The maritime game has heated up and increased uncertainty. This factor disrupted global supply chains and freight rate expectations, suppressed the willingness of high-value growth stocks to bear risks, and also made technology stocks relatively weak intraday performance.

Differences in scientific and technological rights dragged down the semiconductor index.

The intraday trends of the seven major U.S. stocks diverged, with Nvidia(NVDA) at 183.23, down 2.70%;Tesla (Tesla, TSLA) reported 432.2, down 0.85%;Apple(Apple, AAPL) reported 247.79, up 0.05%;Meta Platforms(Facebook, META) reported 713.78, down 0.27%;Microsoft(MSFT) reported 514.05, unchanged;Alphabet (Alphabet, GOOGL) reported 247.49, up 1.16%;Amazon(Amazon, AMZN) reported 219.05, down 0.46%. Under the pullback of Huida and the weakening of Netcom equipment stocks, the fee-half index fell slightly, and the technology sector showed internal divisions among stocks.

The AI supply chain has hot news, but there are many groups and gaps.

Advanced Micro Devices(AMD) announced that it will supply 50,000 AI chips to Oracle's (ORCL) cloud business, continuing the recent trend of large-scale AI cooperation. The news spurred AMD to rise in early trading, but the overall semiconductor community is still authorized to scale back. It is difficult to fully strengthen. The weakening of data center switch supplier Arista Networks(ANET) shows that the short-term chips of servers and Netcom chains are conservative, while solar inverter manufacturer Enphase Energy(ENPH) led the gains amid warmer sentiment for renewable energy.

Retail and medical stocks are driven by their own news.

Walmart(WMT) rose about 3% in the intraday session on news of its partnership with OpenAI, as investors focused on its AI introduction progress in operating processes and customer experience. Johnson & Johnson announced that it will spin off its orthopedic business into an independent company DePuy Synthes in the next eighteen to twenty-four months. At the same time, it announced that an adjusted earnings per share of US$2.80 was better than market expectations. The pharmaceutical business and medical materials business increased by 6.8% each year, and tumor treatment revenue reached US$3.67 billion. The intra-day stock price fluctuations reflected uncertainty in the evaluation and spin-off schedule.

Futures and volatility show a stable mood with wait-and-see trend.

Major stock index futures fluctuated simultaneously in the spot session without any deviation; the panic index VIX remained at a moderate level, indicating that there was limited demand for hedging but increased wait-and-see sentiment. U.S. ten-year and two-year bond yields have been adjusted in a narrow range. As the market adjusts the pace of subsequent interest rate cuts by the RRR and the digestion of financial information, the impact of interest rate changes on the evaluation of growth stocks remains an important intraday variable.

Transaction momentum concentrates on financial weights and some special themes.

Affected by the boost in financial reports and policy signals, financial stocks generally increased in volume, with Wells Fargo leading the gains in Dow Jones's equity performance; special themes attracted attention on AI and renewable energy, and the trends among individual stocks were divided. Short-term capital tendencies were clear and those with clear valuations with room for repair were placed and changed hands.

The intraday focus returned to the continuity of financial reports and policy communication.

In the future, the market will continue to digest the latest discussions of large bank management on net interest income, credit costs and capital rebates, and observe whether the conversations of Federal Reserve officials deviate. With the delay in the release of key data such as CPI, interest rate expectations and corporate financial reports have become the core variables that dominate market changes. The potential impact of US-China shipping friction on the supply chain and costs is also a source of risk that investors pay attention to.