Market Overview
▪ As of the close of U.S. stocks on December 3, the three major indices showed mixed performance.
The Dow Jones Industrial Average closed at 47,541.01 points, up 0.14%, still a step away from the peak reached on November 28, with short-term performance remaining stable.
The S&amp;P 500 closed at 6,823.19 points, down 0.09%, failing to continue the new peak reached the previous day (December 2), maintaining overall high-level fluctuations.
The Nasdaq Composite closed at 23,328.21 points, down 0.37%, also failing to reach a new high, slightly retreating from the previous peak (December 2).
Overall, the major indices are consolidating near historical highs, with short-term capital showing increased cautious sentiment, and the market structure remains primarily strong consolidation.
Sector Performance
▪ The automotive manufacturing sector showed mixed results, with increased volatility within the industry. Tesla rose 1.98%, with a trading volume of up to $7.474 billion, significantly outperforming its peers Nio (down 2.58%, trading volume of $121 million) and Rivian (down 0.09%, trading volume of $68.028 million). The sector overall is influenced by new energy sentiment, with capital focus leaning towards leading companies, as investor risk appetite returns to caution, with funds mainly flowing to leading companies like Tesla that have higher prosperity. Nio is under short-term pressure, mainly affected by the Hang Seng Tech Index and related new energy sentiment.
▪ The semiconductor sector showed significant differentiation. Marvell Tech rose 6.38% in a single day, with a trading volume of $1.760 billion, becoming the biggest highlight in the sector, indicating prominent structural opportunities within the sector. Nvidia showed a slight pullback, down 0.84%, with a trading volume of $5.241 billion, indicating some funds taking profits at high levels. Broadcom fell 2.04%, with a trading volume of $1.336 billion, and the sector overall experienced short-term fluctuations, but leading stocks still attract attention, with Marvell Tech's strong performance driving sector differentiation, focusing funds on new technologies and growth elastic varieties.
▪ The system software sector experienced increased volatility. Microsoft fell 2.64%, with a trading volume of $3.386 billion, dragging down the overall performance of the sector. Oracle rose 0.38%, with a trading volume of $835 million, influenced by a significant rise in the debt panic index, with market concerns about the company's credit risk significantly increasing, potentially putting pressure on the overall funding costs of the sector. CrowdStrike saw a larger decline (down 3.90%), with a trading volume of $777 million, reflecting investors' risk-averse adjustments to recent fluctuations in technology stocks' R&amp;D and profitability.
Macroeconomic Background
▪ The Federal Reserve maintained interest rates, inflation is easing at high levels, and employment data remains generally stable, with moderate expansion in manufacturing and services PMI.
▪ The market is currently focused on corporate earnings reports and expectations for a soft economic landing, with core PCE and consumer data performance becoming key short-term observation points. Under the macroeconomic background, overall market risk appetite is limited, with capital operations being more cautious, and structural sector rotation characteristics are evident
Popular Stocks
▪ Tesla (TSLA.US) rose 1.98%, with a trading volume of $7.474 billion. The company had no major news on that day, but as a leading stock in the automotive manufacturing sector, it attracted significant capital attention, continuing the premium of leading stocks in the sector, with notable capital inflow pushing the stock price to rise against the trend.
▪ Marvell Tech (MRVL.US) rose 6.38%, with a trading volume of $1.760 billion. The stock price significantly outperformed the sector, gaining short-term capital favor, becoming the biggest highlight in the semiconductor sector.
▪ Microsoft (MSFT.US) fell 2.64%, with a trading volume of $3.386 billion. As a leader in the system software sector, it faced pressure, with the sector dragging down significantly, reflecting short-term differentiation in the tech sector and a shift in capital defense.
▪ Nio (NIO.US) fell 2.58%, with a trading volume of $121 million. Affected by the weakening Hang Seng Tech Index and pressure in the new energy vehicle sector, short-term market sentiment was weak, impacting capital allocation.
▪ Nvidia (NVDA.US) fell 0.84%, with a trading volume of $5.241 billion. Although it continued to be a focus of market attention, some capital exited at high levels, leading to a slight price adjustment.
▪ Oracle (ORCL.US) rose 0.38%, with a trading volume of $835 million. Influenced by the debt panic index reaching a new high, the company's CDS price surged, increasing market concerns about its credit risk, putting overall pressure on the sector.
Market Trading Volume TOP10
▪ Tesla (TSLA.US) latest trading price $437.42, increase 1.90%, trading volume $7.427 billion
▪ Nvidia (NVDA.US) latest trading price $180.11, decrease 0.74%, trading volume $5.194 billion
▪ Microsoft (MSFT.US) latest trading price $477, decrease 2.65%, trading volume $3.341 billion
▪ Google -A (GOOGL.US) latest trading price $316.12, increase 0.10%, trading volume $2.043 billion
▪ Apple (AAPL.US) latest trading price $287.65, increase 0.51%, trading volume $1.991 billion
▪ Marvell Tech (MRVL.US) latest trading price $99.05, increase 6.63%, trading volume $1.754 billion
▪ Amazon (AMZN.US) latest trading price $232.12, decrease 0.98%, trading volume $1.57 billion
▪ Broadcom (AVGO.US) latest trading price $374, decrease 1.98%, trading volume $1.326 billion
▪ AMD (AMD.US) latest trading price $215.07, decrease 0.08%, trading volume $1.254 billion
▪ Netflix (NFLX.US) latest trading price $103.11, decrease 5.71%, trading volume $1.139 billion

MRVL

The three major U.S. stock indices showed divergence, with the Nasdaq experiencing a slight pullback, the S&P 500 fluctuating, and the Dow Jones performing steadily. Core sectors rotated, with semiconductor Marvell Tech leading significantly, and notable capital inflow into Tesla; the system software sector faced pressure, with Microsoft experiencing a sharp decline. On the macro front, the Federal Reserve maintained interest rates, and market sentiment turned more cautious

U.S. stocks intraday | Dow Jones up 0.14%, consolidating at high levels, Marvell Tech surged 6.38%, Tesla's funds are active