Trending Sectors | Tech Tumbles as Oil Surges, EVs Struggle, and Chips Falter Amid Tariff Uncertainty

【Major U.S. Stock Indices】

Under the influence of recession concerns and uncertainty in tariff policies, all three major U.S. stock indices fell sharply. The S&P 500 closed down 2.70% at 5614.56 points; the Dow Jones fell 2.08% to 41911.71 points; and the Nasdaq had the largest decline, plummeting 4.00% to 17468.32 points. This overall decline reflects market concerns about future economic growth and corporate earnings. Investors should continue to pay attention to macroeconomic indicators, especially the Federal Reserve's monetary policy direction.

【Performance of Leading Tech】

The seven tech giants all fell, with Tesla seeing the largest drop of 15.43%. Apple was down 4.85%, Google A fell 4.60%, Meta declined 4.42%, Microsoft dropped 3.34%, Amazon slipped 2.36%, and Nvidia fell 5.07%. Tesla's stock halving reflects market concerns over its future growth potential and the personal influence of Musk. Additionally, Apple's decline was attributed to a major software revamp failing to calm market sentiment. Microsoft and Amazon were dragged down by the overall tech sector sell-off.

【AI and Chip Sector Performance】

The AI sector was weak, with Nvidia leading the decline at 5.07%. Related stocks like SMCI and Arm Holdings fell by 3.50% and 7.30%, respectively. The market noted AI companies like CoreWeave signing large contracts with OpenAI, but overall sentiment remained cautious. The chip sector also saw widespread declines, with major companies like TSMC, Intel, ASML, and Broadcom experiencing varying drops, mainly impacted by tariff uncertainties and recession concerns.

【Electric Vehicle Sector Performance】

Tesla's significant decline continued with a three-day drop totaling 20.40%. Domestic EV producers like Li Auto, NIO, and XPeng weren't spared either. In contrast, traditional automakers like GM and Ford performed stronger, indicating market concerns about increasing competition in the EV industry.

【Weight Loss Drug Sector Performance】

Weight loss drug stocks generally fell, with Novo Nordisk dropping 9.43% due to disappointing trial data. Eli Lilly closed down 4.58%, while Amgen and GlaxoSmithKline showed slight increases. Overall, the market holds a cautious outlook on the prospects of weight loss drugs.

【Oil, Gold, and Cryptocurrency Sector Performance】

Oil stocks rose generally due to a rebound in international oil prices, with ExxonMobil and Chevron both posting gains. Gold stocks were mixed, with Barrick Gold and Newmont declining, while Franco-Nevada saw a slight increase. Cryptocurrency-related stocks tumbled significantly, with Coinbase and Microstrategy each dropping over 16%, reflecting market concerns about the future uncertainty of cryptocurrencies.

【Other Sectors Worth Watching】

Banking stocks fell sharply, led by JPMorgan and Morgan Stanley, reflecting the impact of macroeconomic uncertainties on the financial market. Retail stocks showed mixed performance, with Walmart and Costco down, while Dollar General rose. Vaccine stocks displayed varied trends, with Pfizer seeing a slight dip and Moderna rising.

【Investor Advice】

The current market is influenced by multiple factors, including recession worries, tariff policy uncertainties, and a broad sell-off in tech stocks. Investors should remain cautious, closely monitor macroeconomic data and corporate earnings reports, and adjust their portfolios to manage market volatility. In this context, defensive sectors and value stocks may offer relatively stable returns.