[US Market Conditions] Selling mainly in high-tech stocks, medium- to long-term bonds rising - around 154 yen per dollar

2024/7/26 5:58 JST (some excerpts)
US GDP gains in the second quarter, soft landing observations strengthen
The yen lost appreciation after the US GDP was announced, and NY crude oil futures continued to rise
The S&P 500 stock price index and the Nasdaq Composite Index continued to decline in the US stock market on the 25th. The rekindling of sales to major high-tech stocks resonated. Meanwhile, since economic indicators strengthened soft landing (soft landing) observations of the economy, there were also stocks that became strong.

Approximately 300 stocks rose among the S&P 500 constituent stocks, but the index itself declined. While sectors sensitive to the economy, such as energy, capital goods, and finance, rose, pressure was once again placed on the technology with the highest proportion. Superlarge stocks, which have led the bull market, continue to underperform against small and medium-sized stocks. Small and medium cap stocks have risen close to 10% since the beginning of July.