U.S. tech stocks collectively fell, while small-cap stocks rose: Analysis of market capital flow shifts

The recent divergence in the U.S. stock market has attracted widespread attention. The NASDAQ and S&P 500 indices have declined for three consecutive days, while the Dow Jones and small-cap indices have shown an upward trend. The reason behind this phenomenon lies in the shift in investor capital flows, with increased selling pressure on tech stocks, while blue-chip and small-cap stocks have become new investment hotspots. This trend reflects market concerns about the high valuations of tech stocks and confidence in economic growth prospects.

The stock price fluctuations of NVIDIA have been particularly significant, dropping about 7% before rebounding. Such volatility not only reflects market uncertainty about the short-term prospects of tech stocks but also shows investor concerns about the overall performance of the chip industry. The sharp decline in silver prices further indicates reduced risk aversion among investors in the current market environment.

In global markets, European stocks have also been affected by the decline in tech stocks, with chip stocks particularly dragging down the overall market. Meanwhile, the commodity market has also experienced noticeable volatility, especially the significant drop in silver and gold, signaling market adjustments to future economic growth and inflation expectations.

Overall, the current market is highly volatile, and investors need to remain cautious, especially in high-valuation sectors like tech stocks. At the same time, the performance of the commodity market should be closely monitored to respond to potential market changes.