U.S. stock market movement report: The biopharmaceutical sector leads the rise, Mereo Biopharma up over 20%, significant pullback in tech stocks

Overview of the US Stock Market In the past hour, the US stock market has shown a clear characteristic of sector rotation, with notable performances from the pharmaceutical and technology sectors. Small-cap stocks and thematic stocks have seen concentrated gains, with significant capital inflows and active market sentiment. The overall pace is fast, with large fluctuations, and short-term enthusiasm continues to rise. The stock with the largest movement in the past hour, Mereo Biopharma, leads the market with a 20.91% increase, supported by the strong performance of the pharmaceutical sector. Rapid capital inflows have driven stock prices to surge, creating a high short-term sentiment. Strong stocks: 1. Murano Global BV: up 10.93%, with significant capital inflows in the positive market atmosphere, driving stock prices steadily higher. 2. BRC: up 7.80%, benefiting from sector rotation, with increased capital attention and strong stock performance. 3. MV Oil Trust: up 7.08%, with the recovery of the oil and gas sector providing a good market environment, leading to steady price increases. 4. BitMine Immersion Tech: up 4.42%, with the active performance of the technology sector driving its stock price up. 5. Grayscale Ethereum Staking ETF: up 4.35%, supported by the recovery of the cryptocurrency market, with significant capital inflows. 6. Alibaba: up 3.43%, with market confidence in tech giants rebounding, driving stock prices higher