icon
icon
icon
icon
Upgrade
upgrade
The S&P and Nasdaq have seen an "eight-in-a-row" rally, with tech stocks leading the way.
AInvestTuesday, Aug 20, 2024 10:40 am ET
1min read
AMZN --
LI --
MSFT --
NVDA --

Correspondent Li Yina, intern Zhang Xuqi, Guangzhou reporting

S&P 500 and Nasdaq continue to rise

On August 19, the US eastern time, the three major US stock indexes rose: the Dow Jones Industrial Average rose 0.58%, the S&P 500 rose 0.97%, and the Nasdaq Composite Index rose 1.39%. The S&P 500 and Nasdaq Composite Index have risen for eight consecutive trading days, while the Dow Jones Industrial Average has risen for five consecutive trading days.

The market has rebounded from the selling in early August, and continues to rise. What is the logic behind this? What risks should we pay attention to behind the recovery of risk appetite? Let's listen to the analysis of Wu Zhaoyin, macro strategist of China Aviation Trust.

Technology stocks lead the market

Technology stocks lead the market. As of the close of trading on August 19, US Eastern Time, Nvidia rose 4.35%, with cumulative rebound over 24% in the past six trading days; Google and Nvidia rose over 2%; Microsoft and Amazon rose nearly 1%; Facebook rose 0.35%; Apple fell 0.07%.

The launch of the S&P 500 in the second half of July was not smooth, especially the poor performance of large technology stocks represented by artificial intelligence, which once triggered concerns about the collapse of the technology bubble. What factors have driven the strong rebound of AI technology stocks? In the face of a dense risk event in the second half of July, can technology stocks maintain the rise? Let's listen to the views of Zhu Guanhua, international macro analyst of CITIC Futures.

Will the shift of S&P 500 and small-cap stocks continue?

It is worth noting that since the middle of July, the S&P 500 market has shown signs of sector rotation, especially the performance of small-cap stocks has attracted the attention of investors. The Russell 2000 index once rose rapidly, with a cumulative rise of 10.10% in July. What factors are driving the rotation of S&P 500 and small-cap stocks? How to view the style shift of S&P 500? What investment opportunities will the Russell 2000 and other small-cap stocks have in the remaining months of this year? Relevant interpretations, let's connect to Li Xihui, professor of management practice of Lian Group.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.