Trending Sectors | Tech and EVs Surge, AI and Semiconductors Shine, Oil and Gold Steady Amid Fed Moves

【Major U.S. Stock Indices】

All three major U.S. stock indices closed lower. The S&P 500 fell 0.29% to 5618.26 points, the Dow Jones decreased 0.25% to 41503.10 points, and the Nasdaq dropped 0.31% to 17573.30 points. Despite the slight decline, the overall market remains strong, with investor sentiment optimistic, especially driven by tech stocks.

【Performance of Leading Tech】

The leading tech companies generally rose. Microsoft increased 1.83%, Apple jumped 3.71%, NVIDIA gained 3.97%, Amazon rose 1.85%, Alphabet A climbed 1.46%, Meta advanced 3.93%, and Tesla surged 7.36%. Apple's strong performance came amid EU demands to open its operating system and potential new financial collaborations with JPMorgan. Tesla's significant rise was bolstered by Federal Reserve rate cuts benefiting consumer credit, further solidifying its leadership in the electric vehicle market.

【AI and Semiconductor Sector】

The AI sector performed exceptionally well, with NVIDIA leading at 3.97% and planning a $165 million acquisition of startup OctoAI to expand its AI reach. Semiconductor stocks also rose, with TSMC up 5.34% due to its 2nm process trial production news; SMCI increased 5.70%, gaining market favor in the AI field.

【Electric Vehicle Sector】

The electric vehicle sector broadly rose, with Tesla up 7.36%, and Chinese newcomers like NIO (up 7.57%), Xpeng (up 8.68%), and Zeekr (up 8.51%) performing strongly. Tesla's Robotaxi plan garnered market attention, while domestic brands like Xpeng showed success in domestic and international market expansion.

【Weight Loss Drug Sector】

The weight loss drug sector saw mixed results, with Eli Lilly up 1.12% and Novo Nordisk rising 2.15%. Viking Therapeutics surged 5.76% due to new drug development progress and increasing market demand. However, GSK slightly declined by 1.84% due to market pressures.

【Oil and Gold Sector】

Oil stocks generally rose, with ExxonMobil and Chevron up 1.24% and 0.72% respectively, despite cautious oil price outlooks. Gold stocks increased due to rising safe-haven demand, with Barrick Gold up 0.85% and Newmont up 0.87%.

【Cryptocurrency Stocks】

Cryptocurrency-related stocks generally rose, with Bitcoin surpassing $63,000, driving MicroStrategy up 9.04%. Coinbase increased 3.44%, benefiting from the market's optimistic outlook on cryptocurrencies.

【Retail and Banking Sector】

Retail stocks were mixed, with Walmart down 1.25% possibly due to increased industry competition, while Costco rose 0.92%. Banking stocks generally increased, with Bank of America up 3.15%, benefiting from increased borrowing demand due to rate cuts.

【Vaccine Stocks】

Vaccine stocks generally fell, with Moderna down 2.63% and BioNTech down 2.69%. Concerns over COVID-19 vaccine demand affected overall performance.

【Investment Suggestion】

Investors should closely watch Federal Reserve policy impacts, especially looking for opportunities in the tech and financial sectors. Additionally, monitor international market trends, particularly EU regulatory measures on tech giants that may have long-term effects. For conservative investors, the defensive nature of the gold and oil sectors may provide some safety margins.