#分享美股交易赢英伟达股票 The previous irrational rise of U.S. stocks combined with escalating tensions between the U.S. and Iran, leading to a broad decline in the three major indices.

On Wednesday, U.S. local time, the three major stock indices collectively retreated from their historical highs, and the market entered a profit-taking phase. We believe the decline in U.S. stocks is justified, mainly because Trump’s actions to boost midterm election prospects caused irrational surges in the stock market.
By the close, the Dow fell 1.21%, to 50,687.07 points; the Nasdaq dropped 0.89%, to 26,853.97; the S&P 500 declined 0.74%, to 7,553.68 points. The core reason for this correction is the sharp escalation of tensions in the Middle East, with new rounds of airstrikes and clashes between Iran and the U.S., impacting fragile ceasefire agreements in the region, pushing crude oil prices higher, and triggering systemic inflation concerns in the market.
The market showed extreme structural divergence, with financials, mainstream technology, and discretionary consumer sectors significantly dragging down the indices, with airline and regional bank ETFs among the biggest losers. Only AI storage concept stocks surged against the trend, standing out independently from macro risks, with a clear trend of capital crowding. By the close, TSMC fell 2.24%, SanDisk rose 6.71%, Microsoft dropped 3.17%, Micron rose 1.45%, Google-A declined 0.79%, Intel increased 4.43%, Amazon fell 2.53%, Mavenir Technologies rose 3.73%, Nvidia declined 3.62%, Apple fell 1.57%, Tesla was almost flat with a 0.01% drop, Yabo Chemical fell 2%, and Meta rose 4.24%.
On the economic front, the U.S. labor market and service sector performed steadily. The Federal Reserve’s Beige Book indicated a slight rebound in domestic economic activity, but the negative impact of rising energy prices has already appeared in many regions.
Market interest rate expectations have reversed significantly, with the probability of a December rate hike soaring compared to January. However, the New York Fed President stated that current monetary policy is appropriate for the market. Most Chinese concept stocks weakened, with the Nasdaq Golden Dragon China Index falling 2.47%, Bilibili down over 4%, Baidu nearly 3% lower, Kingsoft Cloud down 7.01%, NIO down 4.33%, Alibaba down 2.76%, NetEase down 1.69%.
Currently, the overall U.S. stock market is in a tug-of-war between economic resilience and geopolitical risks. The solid fundamentals support the market’s lower bound, but Middle East conflicts pushing oil prices higher and reshaping inflation expectations have directly disrupted the Federal Reserve’s easing pace. Expectations of rate hikes have increased, suppressing high-valuation heavyweight stocks. Market styles have become completely fragmented: traditional growth and cyclical sectors are adjusting under macroeconomic headwinds, while the AI storage sector continues to perform independently due to high prosperity, with obvious risk-averse capital crowding.
In the short term, the key variable for the market is the situation in the Middle East, especially the navigation status of the Strait of Hormuz. Its evolution will determine inflation trends, the Federal Reserve’s policy pace, and is a critical factor for subsequent stock market volatility. $NAS100