US Markets Diverge: Dow Hits Record High as Nasdaq and S&P 500 Slip

Wall Street exhibited significant divergence on Tuesday, with the Dow Jones Industrial Average climbing to a new record high while technology-heavy indices faced a pullback. This market reshuffle comes as investors digest recent massive rallies and brace for the upcoming Federal Reserve policy decision.

Tech Stocks Retreat Amid Sector Rotation

The Nasdaq Composite and S&P 500 faced selling pressure as investors moved away from richly valued technology stocks. The Nasdaq Composite dropped 301.13 points, or 1.15%, to settle at 26,382.81, while the S&P 500 shed 41.85 points, representing a 0.55% decline to close at 7,512.44.

This decline was particularly evident in the semiconductor sector, where chip stocks fell sharply after three consecutive days of gains. Market analysts suggest this is a natural "breather" following Monday’s aggressive rally, where the S&P 500 climbed 1.65% and the Nasdaq surged by more than 3%. Instead of tech, capital flowed into economically sensitive sectors, leading to gains in financials and industrials.

Dow Hits New Record Amid Geopolitical Shifts

In contrast to the tech slump, the Dow Jones Industrial Average rose by 345.54 points, or 0.67%, to close at a record 52,016.57. A significant driver behind this market movement was the shift in energy markets. U.S. oil futures settled down 5.8% following developments regarding a U.S.-Iran interim deal.

The agreement, which aims to extend a ceasefire and reopen the Strait of Hormuz, has eased fears of supply disruptions. This drop in oil prices is a critical factor for the broader economy, as lower energy costs help mitigate the "sticky inflation" concerns that have long influenced Federal Reserve policy.

High Stakes Ahead of the Federal Reserve Decision

The primary focus for global markets remains the Federal Reserve's policy update due on Wednesday. While investors broadly expect the Fed to maintain interest rates in the current 3.50% to 3.75% range, the market is hyper-focused on the commentary from new Fed Chairman Kevin Warsh.

Các nhà giao dịch đang tìm kiếm những chỉ dẫn cụ thể về lạm phát, thất nghiệp và triển vọng kinh tế chung. Trong khi hầu hết đều kỳ vọng lãi suất sẽ duy trì ổn định trong phần lớn thời gian của năm, công cụ FedWatch của CME Group cho thấy các nhà giao dịch vẫn đang tính đến khoảng 42% khả năng tăng lãi suất 25 điểm cơ bản vào tháng 12.

Các biến động doanh nghiệp: M&A và thoái vốn

Một số diễn biến lớn của các doanh nghiệp đã ảnh hưởng đến hiệu suất của từng mã cổ phiếu:

Các điểm chính cần lưu ý