US Stocks Rise Amid Fed Rate Pause and Sector Shifts

March 7, 2025: The U.S. stock market saw gains across major indices, with the S&P 500 rising 0.55%, the Dow Jones Industrial Average up 0.52%, and the Nasdaq Composite increasing 0.70%. Federal Reserve Chairman Jerome Powell stated that the Fed does not need to rush to adjust interest rates, citing the uncertain impact of Trump administration policies and recent inflation expectations. Additionally, the U.S. non-farm payrolls rose by 151,000 in February, with the unemployment rate climbing to 4.1%.

Today, the public utilities sector, technology industry, energy industry, communications services industry, and industrial sector outperformed the S&P 500. Notably, the public utilities sector, technology industry, energy industry, and industrial sector demonstrated strong performance. Conversely, the healthcare industry, consumer discretionary sector, and financial industry moved in the opposite direction of the S&P 500.

Broadcom's stock surged by 8.64% today, driven by stronger-than-expected quarterly earnings and a robust near-term outlook. The company's positive performance reflects its ability to exceed market expectations and maintain a strong financial position. IBM's shares rose by 5.17%, as the tech giant continues to focus on hybrid cloud and AI technologies. Key acquisitions are set to drive revenue growth and enhance its market position, making it a strong contender in the competitive tech industry. McDonald's stock climbed by 3.52%, following the announcement of a successful partnership with a popular delivery service. This strategic move is expected to expand the company's customer reach and further solidify its position in the fast-food market.

Able View Global's stock surged over 138%, marking a significant rise in its market value. SUNation Energy also saw a substantial increase, with its stock rising nearly 125% following the appointment of a new CFO amidst a leadership shuffle. Meanwhile, Scienture Holdings experienced a sharp decline, with its stock dropping over 34% due to a lawsuit alleging financial misconduct. Acurx Pharmaceuticals' stock tumbled nearly 30% after the company announced a $1.1 million direct offering to raise funds.

The U.S. stock market is experiencing significant volatility, impacting major hedge funds like Millennium Management and Citadel Investments, with returns in February being notably low due to market turmoil affecting healthcare and tech sectors. Fed Chair Powell stated there is no rush to adjust interest rates, highlighting uncertainty surrounding the impact of Trump administration policies and inflation expectations due to tariffs. Nvidia's market value has seen a substantial decrease, with a $1 trillion drop from its peak, further affecting tech stock performance. Additionally, traders anticipate the Federal Reserve to cut interest rates by approximately 75 basis points this year, with specific expectations for reductions in June, September, and December.