Overseas Markets | U.S. stocks mixed, tech sector divergence intensifies
On April 2nd, U.S. stocks closed mixed, with the Dow Jones Industrial Average falling 0.13%, the S&P 500 rising slightly by 0.11%, and the Nasdaq Composite gaining 0.18%. Technology stocks showed significant divergence, with NVIDIA and Microsoft rising nearly 1% and over 1% respectively, while Tesla plunged more than 5%, and Amazon and Google both recorded declines.
Chinese concept stocks were also divided, with the Nasdaq Golden Dragon China Index falling 0.34%. Chagee surged over 10%, Tencent Music rose over 2%, and Nio and Huazhu Group gained over 1%; Century Internet and GDS Holdings both fell over 4%, while JD.com, Alibaba, and Kingsoft Cloud all dropped over 1%.
International oil prices soared, with Brent crude for the current month rising 7.99% on April 2nd, closing at $109.24 per barrel. Geopolitical conflicts have resurfaced, with Donald Trump suggesting a possible escalation of actions against Iran, raising concerns about supply disruptions.
Looking ahead, U.S. stocks may maintain volatility amid intertwined interest rate and geopolitical risks, with technology stock divergence intensifying; Chinese concept stocks face short-term pressure but quality leaders show resilience; crude oil and gold are supported by safe-haven sentiment, and high volatility may persist.
Related ETFs:
Global Tech Leaders: Nasdaq ETF Huaxia (513300)
U.S. Core Broad-based: S&P 500 ETF Huaxia (159655)
Tracking Gold Price: Gold ETF Huaxia (518850)
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