
After-hours trading in the US stock market: The Dow Jones Industrial Average fell 1.18%, with the chip sector dragging down the market, while Tesla led the divergence in the automotive internet sector

The three major U.S. stock indices fell across the board, with significant divergence in the technology growth sector. The continued decline of leading chip stocks dragged down the overall market, with the Dow Jones Industrial Average experiencing the largest drop. Tesla led the automotive sector against the trend, while Google closed in the green in the internet content sector. Funds are focusing on sector rotation and the unusual movements of leading stocks, as the market remains cautious about the macro environment of slowing inflation and consumer growth
Market Overview
- The S&P 500 index fell by 0.92%.
- The Dow Jones index fell by 1.18%.
- The Nasdaq Composite index fell by 0.84%.
- A total of 2,554 stocks rose, 9,469 stocks fell, and 1,624 stocks were flat. Overall sentiment is weak, with the number of declining stocks far exceeding the number of advancing stocks, indicating a clear trend towards defensive capital.
Sector Performance
- The automotive manufacturing sector showed divergence, with Tesla performing strongly, indicating that leading companies are favored by capital, while traditional automakers like GM and Ford showed weaker trends, with capital focusing on new energy leaders.
- The semiconductor sector overall declined, dragged down by adjustments in leading companies, with a noticeable reduction in capital, and outflows from technology growth themes, putting short-term pressure on the sector.
- The internet content and information sector experienced volatility, with Google providing some support, but META and Netflix fell back, indicating internal rotation within the sector and a divergence in capital preferences.
Macroeconomic Background
- Over the past month, the U.S. stock market has been mainly influenced by fluctuations in inflation and consumer confidence, with the CPI annual rate maintaining at 3%.
- The Markit Manufacturing PMI remains in the expansion range, indicating decent manufacturing sector performance.
- Real estate data is stable, with existing home sales slightly rebounding, while employment and consumption growth rates are slowing.
- Investors are closely monitoring the Federal Reserve's interest rate policy, and the overall macro environment keeps the market cautious.
Popular Stocks
- Autonomix Medical (AMIX.US): Up 60.94%, with a trading volume of $374 million. The company announced the post-hoc subgroup analysis results of its first human study, showing potential for its targeted ablation therapy in improving quality of life, with extreme volatility reflecting an increase in market risk appetite.
- Galmed Pharmaceuticals (GLMD.US): Up 0.96%, with a trading volume of $126 million. Capital attention surged, with an intraday volatility close to 50%, indicating short-term turbulence.
- Safe & Green (SGBX.US): Up 49.77%, with a trading volume of $6.3 million. The significant rise highlights signs of short-term speculation, with extremely high volatility and a lack of substantial fundamental events.
- MSP Recovery, Inc. (MSPR.US): Up 18.40%, with a trading volume of $2.2 million. Capital chasing small-cap stocks has led to temporary activity.
Top 10 Market Trading Volumes
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Tesla Inc. (TSLA), stock price $408.92, up 1.13%, trading volume $41.239 billion.
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Nvidia Corp. (NVDA), stock price $186.69, down 1.88%, trading volume $31.706 billion.
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Alphabet Inc. Class A (GOOGL), stock price $285.02, up 3.11%, trading volume $15.018 billion
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Amazon.com Inc. (AMZN), stock price $232.87, down 0.78%, trading volume $13.767 billion.
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Apple Inc. (AAPL), stock price $267.46, down 1.82%, trading volume $11.481 billion.
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Meta Platforms Inc. (META), stock price $602.01, down 1.22%, trading volume $9.858 billion.
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Alphabet Inc. Class C (GOOG), stock price $285.60, up 3.11%, trading volume $9.833 billion.
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Advanced Micro Devices Inc. (AMD), stock price $240.52, down 2.55%, trading volume $9.131 billion.
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Microsoft Corp. (MSFT), stock price $507.49, down 0.53%, trading volume $8.666 billion.
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Palantir Technologies Inc. (PLTR), stock price $171.25, down 1.59%, trading volume $8.504 billion

