US stock market close | Dow Jones rose 0.22% approaching recent highs, Meta up 1.80% leading internet stocks, semiconductor sector shows divergence as funds focus on AI expectations
The three major U.S. stock indices closed slightly higher today. The Dow Jones Industrial Average rose by 0.22%, approaching a recent high, while the Nasdaq increased by 0.31%, showing relatively strong performance. In terms of sectors, there was some divergence within the semiconductor industry, with Broadcom experiencing a strong rise driven by expectations of AI revenue. The internet content and information sector overall performed well, led by Meta. On the macro side, the market continues to fluctuate, with investors awaiting signals from Federal Reserve policies and employment data. Funds are focusing on large-cap technology stocks, with individual stocks like NVIDIA, Tesla, and Meta seeing active trading
Market Overview
▪ The Dow Jones closed up 0.22% today, ending at 47,954.99 points. Although it did not refresh the phase high, it remains close to the previous high set on November 12.
▪ The S&P 500 rose 0.19%, reporting 6,870.40 points, still some distance from the phase high reached on October 29. The recent trend has been generally strong, but momentum has slightly slowed.
▪ The Nasdaq closed at 23,578.13 points, with an increase of 0.31%. It also failed to break through the previous high on November 3, but remains relatively strong.
▪ Overall, the three major indices saw slight gains today, with the market continuing to exhibit a generally optimistic sentiment. However, there are signs of divergence in short-term bullish momentum, and investors are watching to see if there will be another push towards historical highs.
Sector Performance
▪ The semiconductor sector experienced significant volatility today, with a clear divergence in performance. Boosted by expectations in the AI market, funds flowed into Broadcom, pushing its stock up 2.42%. Broadcom's latest earnings report anticipates a triple-digit growth in AI revenue by fiscal year 2026, becoming a focal point for the market. Nvidia fell 0.53%, despite a trading volume of $25.867 billion, indicating signs of short-term profit-taking. AMD rose slightly by 0.92%, with a trading volume of $7.246 billion, as structural opportunities within the sector continue to unfold. Overall, semiconductor funds remain focused on leading companies and AI expectations, with clear divergence in capital flows.
▪ The automotive manufacturing sector showed mixed performance. Tesla rose slightly by 0.09%, with a trading volume of $25.475 billion, while major automakers have no significant catalytic news. Rivian and Ford fell 0.61% and 0.84%, respectively, with relatively limited trading volumes, as funds in the sector remain cautious, leading to subdued trading activity.
▪ The internet content and information sector moved upward overall, with most stocks in the sector rising. Meta increased by 1.80%, with a trading volume of $14.034 billion, showing strong performance. Google A and Google C rose by 1.15% and 1.16%, respectively, driving the sector's performance. Digital advertising and traffic businesses have attracted capital inflows, with investor sentiment being relatively positive, as internet leaders are favored by short-term incremental funds.
Macroeconomic Background
▪ U.S. stocks have maintained volatility over the past month, with labor market data such as initial jobless claims and non-farm employment showing mediocre performance, and limited changes in the unemployment rate.
▪ Growth momentum in construction spending and consumer credit is slowing, and the trade deficit continues to have an impact.
▪ Investors are focusing on the Federal Reserve's policy guidance and signs of employment improvement, as macroeconomic factors guide the short-term direction of the market, with high sensitivity to policy signals.
Popular Stocks
▪ There were no significant movements in popular stocks today, with market hotspots revolving around large-cap tech companies and AI beneficiaries with high trading volumes, and no other sectors showing notable rotation or significant movements.
Top 10 Market Trading Volumes
▪ Nvidia (NVDA.US) latest trading price is $182.41, down 0.53%, with a trading volume of $25.867 billion ▪ Tesla (TSLA.US) latest transaction price is $454.94, up 0.09%, with a transaction volume of $25.475 billion
▪ Meta (META.US) latest transaction price is $673.42, up 1.80%, with a transaction volume of $14.034 billion
▪ Netflix (NFLX.US) latest transaction price is $100.24, down 2.89%, with a transaction volume of $13.343 billion
▪ Apple (AAPL.US) latest transaction price is $278.78, down 0.68%, with a transaction volume of $12.589 billion
▪ Microsoft (MSFT.US) latest transaction price is $483.16, up 0.48%, with a transaction volume of $10.656 billion
▪ Broadcom (AVGO.US) latest transaction price is $390.24, up 2.42%, with a transaction volume of $9.041 billion
▪ Google -A (GOOGL.US) latest transaction price is $321.27, up 1.15%, with a transaction volume of $8.814 billion
▪ Amazon (AMZN.US) latest transaction price is $229.53, up 0.18%, with a transaction volume of $7.491 billion
▪ AMD (AMD.US) latest transaction price is $217.97, up 0.92%, with a transaction volume of $7.246 billion
