What is the driving force behind the market where the three major US indices update their all-time highs every day?
As risk appetite strengthened in the US stock market on the 21st, the three major indices, including the NASDAQ Comprehensive Stock Price Index and the S&P 500 Stock Price Index, all hit their highest values. Observations have already surfaced that the Dow will soon reach the 40,000 dollar range. Continued high-tech stock buybacks due to expectations for artificial intelligence (AI) related companies are driving the market price. Also, the decline in US bond yields was a boosting factor.
This year, the S&P 500 stock index rose 9.89%, surpassing the NASDAQ and the NY Dow. Artificial intelligence (AI) related stocks, such as giant tech companies that were doing well, led the market price. Major US semiconductor company $NVIDIA(NVDA.US$has surged by over 84% since the beginning of the year, and the rate of increase in the S&P 500 indexIt stands at the top of the top 10 stocks。Meta within the US super-large stock “M7” has also risen by 43% or more since the beginning of the year.
Also, energy stocks are doing well, and major nuclear power plants and renewable energy companies $Constellation Energy(CEG.US$Is close to 50% year-to-date, a major electronics company $GE Aerospace(GE.US$It is close to 40% and is a major oil refiner $Marathon Petroleum(MPC.US$、 $Valero Energy(VLO.US$It has also risen by more than 30%.
This year, the rise in NVIDIA stock prices has ignited the stock prices of other AI-related stocks. AI server companies $Super Micro Computer(SMCI.US$Although it has been slightly bearish recently, the stock price is over 240% year-to-date, making it one of the NASDAQ comprehensive constituent stocksOf these, it stands at the top。NVIDIA is over 84% $Arm Holdings(ARM.US$is close to 78%, $ASML Holding(ASML.US$、 $Applied Materials(AMAT.US$has risen by more than 30%.
This year, $Disney(DIS.US$has risen by nearly 30%, and the total market value has exceeded 200 billion dollars. Tech giants $Amazon(AMZN.US$、 $Walmart(WMT.US$、 $Home Depot(HD.US$Both have risen by 14% or more.
Source: MINKABU, Reuters, MOOMOO
— MooMoo News ZOE
— MooMoo News ZOE
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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徒然草子 : Just follow along!