<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/11/Wall-Street-sign.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2516" height="1667" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/11/Wall-Street-sign.jpg"/></p>
<p>标准普尔 500 指数在 2026 年开盘时保持平稳，半导体股票，尤其是英伟达和美光，强势上涨，以抵消科技股的疲软。</p>
<p>蓝筹股道琼斯指数微幅上涨，而纳斯达克指数下滑约 0.2% 至 0.3%，呈现出典型的行业轮动而非广泛信心的画面。</p>
<p>对于把握年初走势的交易者来说，主要的信息很简单：芯片需求仍然是焦点。</p>
<h2>为什么这对接下来的季度很重要</h2>
<p>半导体的强劲表现具有重要意义，因为与人工智能相关的芯片需求是 2025 年股市上涨的主要动力。</p>
<p>仅英伟达去年就上涨了近 39%，而作为内存芯片生产风向标的美光在同一时期飙升了惊人的 239%。</p>
<p>今天的盘中走势很重要，因为它表明资金经理是追逐硬件供应商的增量收益，还是转向其他科技领域。</p>
<p>如果是前者，芯片股票可能会在 2026 年第一季度继续支撑市场。如果正在进行轮动，预计会出现波动，因为资金重新分配到软件、服务和其他滞后行业。</p>
<h2>英伟达和美光让市场保持稳定</h2>
<p>英伟达在午盘上涨超过 1.5%，将其连胜纪录延续到新的一年。</p>
<p>但真正的亮点来自美光，该股在交易中上涨约 8%，这一激增凸显了华尔街对 DRAM 和内存供应商在人工智能建设中持续的需求。</p>
<p>费城半导体指数追踪更广泛的芯片生态系统，显示出显著的强劲，涨幅超过跌幅的股票数量相当可观。</p>
<p>信息是：在过去一年半导体股票几乎垄断了股市表现后，该领域的主要参与者在 2026 年开局时保持了动能。</p>
<p>然而，这种强劲掩盖了其他地方的疲软迹象。通常作为经济信心风向标的消费品类股票下跌。</p>
<h2>接下来会发生什么：数据、收益和美联储</h2>
<p>标准普尔 500 指数的平淡表现掩盖了交易台上真正的问题：美联储会在本季度进一步降息，还是顽固的通胀数据会迫使其暂停？</p>
<p>当公司在接下来的几周内发布财报时，企业收益会带来惊喜吗？</p>
<p>也许最紧迫的问题是，人工智能硬件支出是否会继续保持 2025 年设定的快速增长，还是资本支出周期的成熟会带来适度？</p>
<p>即将发布的劳动数据和通胀报告可能会在一夜之间重塑美联储的利率预期。</p>
<p>英伟达、美光和其他大型科技公司的收益指引同样会产生影响。</p>
<p>市场参与者实际上在等待催化剂，以确定今年的开局走势是否意味着持续的芯片主导反弹，还是在更广泛的重新调整前的暂时获利了结。</p>
<p>1 月 2 日的午盘走势虽然温和，却清晰地体现了一个核心紧张关系：尽管人工智能硬件的动能似乎持久，但市场的其他部分对经济增长和货币政策采取了观望态度。</p>
<p>对于交易者来说，这意味着波动性可能会持续。</p>
<p>美国午盘市场简报：标准普尔 500 指数平稳，英伟达和美光主导的芯片反弹抵消了损失，首次出现在 Invezz 上。</p>

英伟达

<p>标准普尔 500 指数持平，半导体股票，特别是英伟达和美光的上涨抵消了其他科技行业的损失。道琼斯指数小幅上涨，而纳斯达克指数下跌约 0.2% 至 0.3%。由人工智能相关需求驱动的芯片需求强劲，对市场动能至关重要。英伟达上涨超过 1.5%，美光飙升约 8%。然而，消费品股票下跌，显示出市场情绪的复杂性。即将发布的劳动数据和财报将对市场预期和短期内的潜在波动产生重要影响</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/11/Wall-Street-sign.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/11/Wall-Street-sign.jpg"/></p>
<p>The S&amp;P 500 opened 2026 treading water, with semiconductor stocks, particularly Nvidia and Micron, muscling higher to counterbalance weakness across tech names.</p>
<div class="lb-trans"><p>标准普尔 500 指数在 2026 年开盘时保持平稳，半导体股票，尤其是英伟达和美光，强势上涨，以抵消科技股的疲软。</p>
</div><p>The blue-chip Dow inched into positive territory while the Nasdaq slipped roughly 0.2% to 0.3%, painting a classic picture of sector rotation rather than broad confidence.</p>
<div class="lb-trans"><p>蓝筹股道琼斯指数微幅上涨，而纳斯达克指数下滑约 0.2% 至 0.3%，呈现出典型的行业轮动而非广泛信心的画面。</p>
</div><p>For traders timing the year’s opening moves, the headline takeaway is straightforward: chip demand remains the story.</p>
<div class="lb-trans"><p>对于把握年初走势的交易者来说，主要的信息很简单：芯片需求仍然是焦点。</p>
</div><h2>Why this matters for the quarter ahead</h2>
<div class="lb-trans"><h2>为什么这对接下来的季度很重要</h2>
</div><p>The semiconductor strength carries outsized significance because AI-related chip demand was the primary engine behind much of 2025’s equity gains.</p>
<div class="lb-trans"><p>半导体的强劲表现具有重要意义，因为与人工智能相关的芯片需求是 2025 年股市上涨的主要动力。</p>
</div><p>Nvidia alone climbed nearly 39% last year, and Micron, a bellwether for memory chip production, surged an eye-popping 239% over the same period.</p>
<div class="lb-trans"><p>仅英伟达去年就上涨了近 39%，而作为内存芯片生产风向标的美光在同一时期飙升了惊人的 239%。</p>
</div><p>Today’s intraday action matters because it signals whether money managers are chasing incremental gains in hardware suppliers or rotating into other pockets of tech.</p>
<div class="lb-trans"><p>今天的盘中走势很重要，因为它表明资金经理是追逐硬件供应商的增量收益，还是转向其他科技领域。</p>
</div><p>If the former, chip stocks could anchor the market through early Q1. If rotation is underway, expect volatility as funds reallocate toward software, services, and other lagging sectors.</p>
<div class="lb-trans"><p>如果是前者，芯片股票可能会在 2026 年第一季度继续支撑市场。如果正在进行轮动，预计会出现波动，因为资金重新分配到软件、服务和其他滞后行业。</p>
</div><h2>Nvidia, Micron keep market’s head above water</h2>
<div class="lb-trans"><h2>英伟达和美光让市场保持稳定</h2>
</div><p>Nvidia ticked up more than 1.5% midday, extending its winning streak into a new calendar year.</p>
<div class="lb-trans"><p>英伟达在午盘上涨超过 1.5%，将其连胜纪录延续到新的一年。</p>
</div><p>But the real fireworks came courtesy of Micron, which surged roughly 8% on the session, a jolt that underscores Wall Street’s ongoing appetite for DRAM and memory suppliers riding the artificial intelligence buildout.</p>
<div class="lb-trans"><p>但真正的亮点来自美光，该股在交易中上涨约 8%，这一激增凸显了华尔街对 DRAM 和内存供应商在人工智能建设中持续的需求。</p>
</div><p>The Philadelphia Semiconductor Index, which tracks the broader chip ecosystem, showed notable strength, with gainers outpacing losers by a meaningful margin.</p>
<div class="lb-trans"><p>费城半导体指数追踪更广泛的芯片生态系统，显示出显著的强劲，涨幅超过跌幅的股票数量相当可观。</p>
</div><p>The message: after a year in which semiconductor stocks nearly monopolised equity performance, major players in the space are starting 2026 with momentum intact.</p>
<div class="lb-trans"><p>信息是：在过去一年半导体股票几乎垄断了股市表现后，该领域的主要参与者在 2026 年开局时保持了动能。</p>
</div><p>Yet this very strength masks softer undertones elsewhere. Consumer discretionary names, typically a bellwether for economic confidence, declined.</p>
<div class="lb-trans"><p>然而，这种强劲掩盖了其他地方的疲软迹象。通常作为经济信心风向标的消费品类股票下跌。</p>
</div><h2>What comes next: Data, earnings, and the Fed</h2>
<div class="lb-trans"><h2>接下来会发生什么：数据、收益和美联储</h2>
</div><p>The muted action in the broad S&amp;P 500 belies genuine questions animating trading desks: will the Federal Reserve cut rates further this quarter, or will sticky inflation data force a pause?</p>
<div class="lb-trans"><p>标准普尔 500 指数的平淡表现掩盖了交易台上真正的问题：美联储会在本季度进一步降息，还是顽固的通胀数据会迫使其暂停？</p>
</div><p>How will corporate earnings surprise when companies report in the coming weeks?</p>
<div class="lb-trans"><p>当公司在接下来的几周内发布财报时，企业收益会带来惊喜吗？</p>
</div><p>And perhaps most pressing, will AI hardware spending continue at the torrid pace set in 2025, or will capex cycle maturity bring moderation?</p>
<div class="lb-trans"><p>也许最紧迫的问题是，人工智能硬件支出是否会继续保持 2025 年设定的快速增长，还是资本支出周期的成熟会带来适度？</p>
</div><p>Upcoming labor data and inflation reports could reshape Fed rate expectations overnight.</p>
<div class="lb-trans"><p>即将发布的劳动数据和通胀报告可能会在一夜之间重塑美联储的利率预期。</p>
</div><p>Earnings guidance from Nvidia, Micron, and other mega-cap tech names will similarly carry weight.</p>
<div class="lb-trans"><p>英伟达、美光和其他大型科技公司的收益指引同样会产生影响。</p>
</div><p>Market participants are effectively waiting for catalysts to determine whether this year’s opening moves signal sustained chip-led rallies or temporary profit-taking ahead of broader realignment.</p>
<div class="lb-trans"><p>市场参与者实际上在等待催化剂，以确定今年的开局走势是否意味着持续的芯片主导反弹，还是在更广泛的重新调整前的暂时获利了结。</p>
</div><p>January 2’s midday action, though modest, crystallises a central tension: while AI hardware momentum appears durable, the rest of the market is adopting a wait-and-see posture regarding economic growth and monetary policy.</p>
<div class="lb-trans"><p>1 月 2 日的午盘走势虽然温和，却清晰地体现了一个核心紧张关系：尽管人工智能硬件的动能似乎持久，但市场的其他部分对经济增长和货币政策采取了观望态度。</p>
</div><p>For traders, this means that volatility is likely to persist.</p>
<div class="lb-trans"><p>对于交易者来说，这意味着波动性可能会持续。</p>
</div><p>The post US midday market brief: S&amp;P 500 flat as Nvidia, Micron-led chip rally offsets losses appeared first on Invezz</p>
<div class="lb-trans"><p>美国午盘市场简报：标准普尔 500 指数平稳，英伟达和美光主导的芯片反弹抵消了损失，首次出现在 Invezz 上。</p>
</div>

US midday market brief: S&P 500 flat as Nvidia, Micron-led chip rally offsets losses

- S&P 500 开盘平稳，Nvidia 和 Micron 带动半导体股上扬。  
- 半导体需求仍是市场关注重点，2026 年开局信号不一。  
- 投资者在等待经济数据与企业财报，未来可能面临波动。

美国午间市场简报：英伟达和美光带领的芯片反弹抵消了损失，标普 500 指数持平