Hi everyone, U.S. stocks saw a wave of volatility on the first trading day of September🤣

The three major indexes all weakened after the open today, with the Nasdaq briefly down nearly 1%, the S&P 500 around -0.5%, and the Dow around -0.4%. Semiconductors came under particularly significant pressure; however, as bond yields pulled back from their highs, intraday losses also gradually narrowed.

A few key points in today’s market👇

🔥 XOM and CVX rose nearly 2% against the trend, with energy stocks becoming one of the few strong sectors today

📉 $NVDA , $AMD , and $INTC fell around 1–3%, while the Philadelphia Semiconductor Index was briefly down 2.7%
📉 AVGO was down around 2%, with the market also awaiting its upcoming earnings report
📉 Memory and AI hardware stocks such as MU were likewise affected by selling pressure in tech stocks

I think what really weighed on the market today was not any single stock, but rising oil prices + higher U.S. Treasury yields + growing expectations for Fed rate hikes. The 10-year U.S. Treasury yield briefly approached 4.8%, which was less favorable for higher-valued tech and AI stocks; energy stocks, by contrast, directly benefited from higher oil prices.

In addition, the latest JOLTS job openings figure was about 7.27 million, slightly below market expectations. The jobs report, AVGO’s earnings, and next week’s CPI are still ahead, so short-term volatility probably will not ease much yet.

September is also historically a relatively volatile month. At this stage, I’ll adjust my holdings while keeping some funds in reserve, watching to see whether yields can cool down before looking for entry points when strong stocks pull back. That should feel much better than chasing them aggressively🔥 #聯準會加息預期升溫 .