Trending Sectors | Tech and Oil Dip, Weight-Loss Drugs Hold Steady Amid Economic Uncertainty

【Major U.S. Stock Indices】

The U.S. stock market performed poorly, with all three major indices experiencing significant declines. The S&P 500 fell 1.76% to close at 5849.72 points; the Dow Jones Industrial Average dropped 1.48%, ending at 43191.24 points; and the Nasdaq plunged 2.64%, finishing at 18350.19 points. Concerns over slowing economic growth and potential macroeconomic uncertainties dampened investor sentiment, affecting overall market risk appetite as tech stocks slid.

【Performance of Leading Tech】

The seven major tech giants broadly declined. Microsoft dropped 2.14%, Apple fell 1.58%, Nvidia plummeted 8.69%, Amazon declined 3.42%, Google A was down 1.92%, Meta fell 1.97%, and Tesla decreased by 2.84%. Microsoft's decline was influenced by issues with its 365 services, while Apple was pressured by analyst concerns over its AI endeavors. Nvidia saw a sharp drop due to worries about its business in China and volatility in the chip market. Tesla was negatively impacted by the Trump administration's tariff policies. Investors should closely monitor business adjustments in these tech giants and changes in the macroeconomic environment.

【AI and Chip Sector】

In the AI sector, Nvidia led the decline, dropping 8.69%, mainly due to concerns over U.S.-China relations and the impact of Trump-era tariffs. Nvidia-related stocks like SMCI and Arm Holdings also fell by 13.00% and 8.04%, respectively. Chip manufacturers such as TSMC and Intel also saw decreases, each down 4.17%. Despite this, JPMorgan stated that AI demand remains strong, potentially providing some confidence for long-term investors. Investors should pay attention to how global trade policy changes might affect the tech industry in the long term.

【EVs, Oil, and Weight-Loss Drugs】

In the electric vehicle sector, Tesla fell 2.84%, with domestic newcomers like Li Auto, NIO, and XPeng experiencing even larger declines. For oil stocks, ExxonMobil, Occidental Petroleum, and Chevron all tumbled, mainly due to concerns about global economic slowdown and OPEC's production cut plans. The weight-loss drug sector showed relative stability, with Eli Lilly and GlaxoSmithKline posting slight gains. For the EV and oil sectors, investors should focus on the impact of global economic recovery and policy changes, while the weight-loss drug sector warrants attention on company R&D progress and market demand.

【Cryptocurrency and Meme Stocks】

Cryptocurrency stocks broadly declined, with companies like Coinbase and MicroStrategy seeing downward trends. Major cryptocurrencies like Bitcoin and Ethereum also faced selling pressure. Meme stocks such as AMC Theatres and GameStop were not spared, falling 7.42% and 2.44%, respectively. The high volatility of these sectors remains a focal point for the market, and investors need to carefully assess risks.

【Other Sectors to Watch】

Retail and banking sectors generally fell, with retail giants like Walmart and Costco declining. Bank stocks such as JPMorgan Chase and Bank of America were also affected by macroeconomic uncertainties, resulting in declines. Vaccine stocks similarly faced widespread drops, with companies like Pfizer and Moderna under pressure. Investors in these sectors should focus on consumer trends and the impact of economic policies on corporate earnings.