#分享美股交易赢英伟达股票 Overnight, the U.S. stock Nasdaq Index plummeted 4.18%, and the dollar surged wildly.
On June 5th, U.S. stocks closed lower, with the Dow Jones Industrial Average down 1.35%, the Nasdaq Index dropping 4.18%, and the S&P 500 Index falling 2.64%! It should be noted that the Nasdaq's decline of over 4% set a record for the largest single-day drop in the past year, with the last such plunge occurring in April 2025, during the peak of the China-U.S. tariff tensions. Nvidia and Tesla's stock prices respectively fell 6.2% and 6.56%, Meta declined 5.51%, Microsoft dropped 2.66%, Google fell 0.98%, Amazon declined 3.06%, and Apple decreased 1.25%.
Among major U.S. tech companies, aside from Nvidia, Tesla, and Meta, the other stocks did not fall significantly.
Regarding this round of U.S. stock market rally, the "Seven Flowers" are not the main drivers of the rise. Microsoft, Tesla, and Meta's stock performances remain relatively subdued. The reason is largely related to significant investments in computing power, and Tesla's sluggish stock is linked to weak automotive sales. The reason for listing the "Seven Flowers" of U.S. stocks is to illustrate that, at least for now, the bubble in these stocks is not large, especially Nvidia. Although Nvidia is caught up in the AI hype, its recent month-long rally has been quite limited. In other words, the sharp decline on Friday was actually driven by a broad sell-off in other tech stocks. For example, Qualcomm plunged 10.98%, Intel dropped 11.28%, and Micron Technology fell 13.25%. This indicates that the recent surge in certain stocks was the primary catalyst for the overall U.S. stock market decline.
Looking at the performance of U.S. stocks, the stocks of several large tech companies are not actually at significant risk. Instead, stocks that have been heavily inflated recently are at greater risk. Much of the recent hype-driven rise in some tech stocks is based on expectations rather than fundamentals. This means that if stock prices deviate significantly from their fundamentals, a valuation correction is likely. Of course, from a market trading perspective, fluctuations—both up and down—are normal. The more dramatic the rise, the greater the volatility. If we try to pinpoint the trigger for the U.S. stock market crash, there are at least two factors:
First, the Korean stock market led the decline, with Samsung Electronics and SK Hynix falling sharply, which triggered the plunge in Micron Technology;
Second, the U.S. non-farm payrolls for May exceeded expectations, causing the dollar index to surge.
The U.S. May non-farm payroll data showed 172k new jobs added, versus an expected 85k, with the unemployment rate at 4.3%, in line with expectations. Given that non-farm employment exceeded expectations and the unemployment rate was as forecasted, the Federal Reserve's rate cut seems unlikely, and the market is increasingly betting on a rate hike in 2027. If monetary policy tightens, it will naturally be unfavorable to financial markets, especially stocks. At key data release points, the market often experiences intense volatility. Currently, a strong dollar is also detrimental to emerging market stocks, which are likely to remain under short-term pressure. As I always say, if the Iran issue cannot be properly resolved and U.S. economic data remains relatively strong, the Fed will have more bandwidth to address inflation. Rate hikes are not certain, but balance sheet reduction remains a possibility. $NAS100200
On June 5th, U.S. stocks closed lower, with the Dow Jones Industrial Average down 1.35%, the Nasdaq Index dropping 4.18%, and the S&P 500 Index falling 2.64%! It should be noted that the Nasdaq's decline of over 4% set a record for the largest single-day drop in the past year, with the last such plunge occurring in April 2025, during the peak of the China-U.S. tariff tensions. Nvidia and Tesla's stock prices respectively fell 6.2% and 6.56%, Meta declined 5.51%, Microsoft dropped 2.66%, Google fell 0.98%, Amazon declined 3.06%, and Apple decreased 1.25%.
Among major U.S. tech companies, aside from Nvidia, Tesla, and Meta, the other stocks did not fall significantly.
Regarding this round of U.S. stock market rally, the "Seven Flowers" are not the main drivers of the rise. Microsoft, Tesla, and Meta's stock performances remain relatively subdued. The reason is largely related to significant investments in computing power, and Tesla's sluggish stock is linked to weak automotive sales. The reason for listing the "Seven Flowers" of U.S. stocks is to illustrate that, at least for now, the bubble in these stocks is not large, especially Nvidia. Although Nvidia is caught up in the AI hype, its recent month-long rally has been quite limited. In other words, the sharp decline on Friday was actually driven by a broad sell-off in other tech stocks. For example, Qualcomm plunged 10.98%, Intel dropped 11.28%, and Micron Technology fell 13.25%. This indicates that the recent surge in certain stocks was the primary catalyst for the overall U.S. stock market decline.
Looking at the performance of U.S. stocks, the stocks of several large tech companies are not actually at significant risk. Instead, stocks that have been heavily inflated recently are at greater risk. Much of the recent hype-driven rise in some tech stocks is based on expectations rather than fundamentals. This means that if stock prices deviate significantly from their fundamentals, a valuation correction is likely. Of course, from a market trading perspective, fluctuations—both up and down—are normal. The more dramatic the rise, the greater the volatility. If we try to pinpoint the trigger for the U.S. stock market crash, there are at least two factors:
First, the Korean stock market led the decline, with Samsung Electronics and SK Hynix falling sharply, which triggered the plunge in Micron Technology;
Second, the U.S. non-farm payrolls for May exceeded expectations, causing the dollar index to surge.
The U.S. May non-farm payroll data showed 172k new jobs added, versus an expected 85k, with the unemployment rate at 4.3%, in line with expectations. Given that non-farm employment exceeded expectations and the unemployment rate was as forecasted, the Federal Reserve's rate cut seems unlikely, and the market is increasingly betting on a rate hike in 2027. If monetary policy tightens, it will naturally be unfavorable to financial markets, especially stocks. At key data release points, the market often experiences intense volatility. Currently, a strong dollar is also detrimental to emerging market stocks, which are likely to remain under short-term pressure. As I always say, if the Iran issue cannot be properly resolved and U.S. economic data remains relatively strong, the Fed will have more bandwidth to address inflation. Rate hikes are not certain, but balance sheet reduction remains a possibility. $NAS100200
