Trending Sectors | AI and Chips Surge, EVs Rev Up, Pharma Sees Mixed Fortunes Amidst Policy Uncertainty

【Major U.S. Stock Indices】

On March 7th Eastern Time, the three major indices closed higher. The S&P 500 rose 0.55% to 5770.20 points, the Dow Jones increased 0.52% to 42801.72 points, and the Nasdaq climbed 0.70% to 18196.22 points. This trend reflects investors' optimistic attitude towards the flexibility of macroeconomic policies, especially after Powell's speech, which eased market expectations regarding future interest rate policies. Overall, market sentiment has improved, but uncertainty regarding future policy changes still requires attention.

【Performance of Leading Tech】

Among the seven major tech giants, Microsoft fell 0.90%, Amazon dropped 0.72%, Meta declined 0.36%, while Apple rose 1.59%, Google A increased 0.88%, Nvidia surged 1.92%, and Tesla decreased 0.30%. Apple's rise was partly due to its response in the UK mobile ecosystem investigation, despite the delay of Siri improvements until 2026. Nvidia's performance benefited from its continued strength in the AI and chip sectors. Additionally, Tesla continues to face market pressure, with its market value further declining.

【AI and Chip Sector】

In the AI sector, Nvidia rose 1.92%, continuing to lead related stocks. SMCI and Arm Holdings were up 3.21% and 6.47%, respectively, reflecting strong market expectations for AI hardware demand. Meanwhile, Broadcom surged 8.64% due to robust performance expectations. Chip manufacturers like TSMC and ASML also performed well, rising 0.72% and 2.43%, respectively. However, Intel underperformed with a 0.53% decline, possibly due to concerns over its competitiveness and future growth.

【Electric Vehicle Sector Performance】

In the electric vehicle sector, Tesla fell 0.30%, marking its second consecutive day of decline, with its market value dropping to $844.883 billion. In contrast, domestic players such as Li Auto, NIO, and XPeng recorded gains of over 5%, indicating market confidence in the Chinese EV market. Additionally, traditional automakers like Toyota and Ford also performed well, rising 1.48% and 2.97%, respectively.

【Weight Loss Drugs and Pharma Sector】

Weight loss drug stocks experienced mixed results, with Eli Lilly and Novo Nordisk falling 4.72% and 0.97%, while Amgen and GlaxoSmithKline rose 2.22% and 1.88%, respectively. This sector's volatility may be related to market focus on competition in the obesity treatment market. Furthermore, in vaccine stocks, Moderna rose 3.82%, while BioNTech fell 1.85%, reflecting market attention on patent issues among pharmaceutical companies.

【Oil and Gold Sector】

Oil stocks broadly rose, with ExxonMobil up 1.26% and Occidental Petroleum increasing 3.43%, reflecting market optimism about energy prices. Gold stocks showed mixed performance, with Barrick Gold up 0.87% and Newmont slightly down 0.14%. This trend was influenced by international political tensions and dollar fluctuations.

【Cryptocurrency and Meme Stocks】

In the digital currency sector, Coinbase increased 1.53%, while Microstrategy fell 5.57%, reflecting uncertainty in cryptocurrency policy. Among meme stocks, AMC Theatres rose 1.66%, while GameStop fell 0.83%, showing that market sentiment towards these highly volatile stocks remains complex.

【Banking and Retail Sector】

Bank stocks generally declined, with JPMorgan Chase and Wells Fargo falling 1.85% and 2.22%, respectively. The retail sector showed mixed results, with Walmart and Costco dropping 3.14% and 6.07%, while Dollar Tree rose 7.32%. This phenomenon may be related to consumer confidence and inflation expectations. Overall, the market displayed volatility amidst policy uncertainty and macroeconomic pressures. Investors should closely monitor future data releases and policy changes to adjust their portfolios accordingly.