Breaking news!!!
The US stock market is complex and volatile, with technology stocks falling and various indexes performing differently! ?
On Friday, the S&P 500 and Nasdaq 100 closed down 0.1%, slightly below their historical highs, but the Dow Jones Industrial Average rose slightly!
Now the market is desperately evaluating the latest economic data and whether this year's AI-driven rally can continue!
Technology stocks fell badly. Nvidia fell 3.2% for the second consecutive trading day, directly bringing the chip sector down, such as Broadcom fell 4.4%, Qualcomm fell 1.4%, Arm fell 0.3%, and Micron fell 3.2%.
Because of regulatory concerns, the European Union actually withdrew its AI software update, causing Apple's stock price to fall 0.4%.
But on the other hand, the consumer goods sector has risen, with Amazon rising 1.6%!
Communications services also rose, with Alphabet up 1.4%. On the data front, the S&P PMI released at the opening beat expectations, contradicting the view of modest economic growth after jobless claims, housing starts and retail sales fell earlier this week!
This week, the S&P 500 rose 0.8%, the Nasdaq rose 0.1%, and the Dow Jones rose 1.8%, marking its best week since May!
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