📰 AI giants underpin resilience in U.S. stocks; S&P 500 closes above 7,800 for the first time, hitting a record high
BlockBeats News, Oct. 7: According to market data from BIT (bit.com), the S&P 500 touched 7,844.52 intraday on Tuesday, setting a new intraday record and closing above 7,800 for the first time. Meanwhile, the 10-year U.S. Treasury yield topped 5.3%, its highest level since 2002, and oil prices climbed back above $100 per barrel. The Federal Reserve had already begun its rate-hiking cycle, yet U.S. stocks continued to set records amid multiple macroeconomic headwinds.
The rally was driven mainly by large-cap tech stocks and the AI sector. The “Magnificent Seven”—Nvidia, Alphabet, Amazon, Apple, Meta, Microsoft, and Tesla—account for more than 34% of the S&P 500’s market capitalization, with their combined market cap rising to a record high of about $25 trillion on Tuesday. Nvidia gained 4.5% over the past week, while Meta has risen 24% since Aug. 13.
Meanwhile, market breadth continues to narrow. On Tuesday, fewer than half of S&P 500 constituents closed above their 200-day moving average, while small caps and the S&P 500 Equal Weight Index both lagged the broader market. Analysts noted that, amid…
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· This is affecting short-term sentiment; what matters more is monitoring subsequent official confirmation and on-chain verification.
· The above is a summary of publicly available information and does not constitute investment advice.
$BNB #币圈热点 #行业动态
BlockBeats News, Oct. 7: According to market data from BIT (bit.com), the S&P 500 touched 7,844.52 intraday on Tuesday, setting a new intraday record and closing above 7,800 for the first time. Meanwhile, the 10-year U.S. Treasury yield topped 5.3%, its highest level since 2002, and oil prices climbed back above $100 per barrel. The Federal Reserve had already begun its rate-hiking cycle, yet U.S. stocks continued to set records amid multiple macroeconomic headwinds.
The rally was driven mainly by large-cap tech stocks and the AI sector. The “Magnificent Seven”—Nvidia, Alphabet, Amazon, Apple, Meta, Microsoft, and Tesla—account for more than 34% of the S&P 500’s market capitalization, with their combined market cap rising to a record high of about $25 trillion on Tuesday. Nvidia gained 4.5% over the past week, while Meta has risen 24% since Aug. 13.
Meanwhile, market breadth continues to narrow. On Tuesday, fewer than half of S&P 500 constituents closed above their 200-day moving average, while small caps and the S&P 500 Equal Weight Index both lagged the broader market. Analysts noted that, amid…
◆ View
· This is affecting short-term sentiment; what matters more is monitoring subsequent official confirmation and on-chain verification.
· The above is a summary of publicly available information and does not constitute investment advice.
$BNB #币圈热点 #行业动态
