US stocks see increasing divergence: why did the Dow rise while the Nasdaq came under pressure?

On July 13, the US stock market showed clear divergence.

Data show the Dow Jones index rose by 76.87 points, up about 0.15%; the S&P 500 fell 0.13%, and the Nasdaq Composite fell 0.65%.

This means market funds are not broadly returning to risk-on sentiment; instead, more capital is flowing into traditional blue chips and defensive assets, while the technology sector faces short-term pressure to take profits.

It’s worth noting that in recent weeks, AI, semiconductors, and large tech stocks had strong gains earlier, and funds have started to cash out part of their profits at elevated levels. At the same time, the market is also waiting for more inflation data, clearer signals from the Federal Reserve policy, and corporate earnings to confirm the direction.

Structurally, the Dow is relatively strong and the Nasdaq is weak, indicating the market is still in an environment of “index divergence + sector rotation.” Investors need to watch for high-volatility in tech stocks at elevated levels and also monitor whether capital will further rotate into undervalued and defensive areas.$MU ‌$SNDK

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