US stock market close | Nasdaq up nearly 0.55%, led by semiconductors; Nvidia up 3.05%, Google up 2.65%

LB Select
2025.10.29 20:23
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The three major U.S. stock indices showed mixed performance, with the Nasdaq rising nearly 0.55%, leading the way. The semiconductor sector surged, driven by demand from AI and data centers. The system software sector faced pressure and pulled back, with significant differentiation in sector hotspots. Nvidia and Google both rose over 2% in a single day, attracting large capital inflows into tech blue chips

Current Situation of the Three Major Indices

  • On October 29 (Wednesday), the Dow Jones Industrial Average closed down 74.02 points, a decrease of 0.16%, at 47,632.35 points; the S&P 500 closed down 0.22 points at 6,890.67 points; the Nasdaq Composite closed up 130.98 points, an increase of 0.55%, at 23,958.47 points. At the close, 1,868 U.S. stocks rose, 4,457 fell, and 1,303 remained unchanged.

Sector Performance

Semiconductor Sector

The semiconductor sector saw a significant overall rise, with continued net inflows of funds, benefiting from the explosive demand related to AI and data centers, and a noticeable valuation recovery for industry leaders.

  • NVIDIA (NVDA): Up 3.05%, with a trading volume of $63.36 billion, continuing high growth in performance, strong demand for AI computing power, driven by the release of the new generation of GPUs and high market attention.
  • AMD (AMD): Up 2.45%, with a trading volume of $12.85 billion, a well-established layout for AI chips, supported by multi-cloud vendors, with product shipments increasing and net inflows of funds.
  • Broadcom (AVGO): Up 3.49%, with a trading volume of $9.097 billion, high growth in data center business, significant M&A activity, and outstanding technological advantages, attracting mainstream funds.

Automobile Manufacturing Sector

The sector showed a mixed trend, with the electrification trend continuing to ferment, and the divergence in technology routes and fund flows among leading companies intensifying, impacting some weighted stocks due to track transformation.

  • Tesla (TSLA): Up 0.20%, with a trading volume of $31.05 billion, expanding electric vehicle production capacity, with market focus on profitability and cost control, and investment sentiment boosted by expectations of new model deliveries.
  • Meta Platforms (META): Up 0.07%, with a trading volume of $14.02 billion, continuing to implement smart car strategic layout, leveraging big data to enhance future transportation, driving industry outlook expectations.
  • Apple (AAPL): Up 0.26%, with a trading volume of $13.17 billion, ongoing development of autonomous driving and in-vehicle systems, collaborating with automakers to expand the market, with a broad outlook for the industry chain.

System Software Sector

The system software sector faced overall pressure, with many companies' performances falling short of expectations, affected by rising costs and intense competition, leading to short-term outflows of funds.

  • Microsoft (MSFT): Down 0.10%, with a trading volume of $16.65 billion, with growth in some businesses declining, an increase in cloud computing market share, and expansion of AI layout to hedge pressure on the main business.
  • Palantir (PLTR): Up 4.86%, with a trading volume of $12.73 billion, increased revenue from the big data platform, new contracts and customer expansions driving upgrades in AI products, improving market confidence.
  • Google A (GOOGL): Up 2.65%, with a trading volume of $10.67 billion, accelerating growth in search and cloud businesses, with AI innovations helping performance exceed expectations, attracting net inflows

Market Focus

1. Core Macro and Industry Focus News: The Federal Reserve's latest interest rate decision maintains the benchmark rate unchanged, reiterating that future decisions will depend on upcoming inflation and employment data. The September CPI rose 3.7% year-on-year, exceeding market expectations, intensifying concerns over a delay in interest rate cuts, and short-term suppressing risk appetite.

2. Capital Flow: In October, both the S&P 500 and Nasdaq saw a warming of capital, with SPY and QQQ trading volumes continuing to expand. The technology sector, including Nvidia and Google, saw single-day gains exceeding 3%, with active leading stocks receiving strong inflows from major funds, and a significant rotation pattern in sectors.

Top Ten Stocks by Trading Volume

  1. Nvidia (NVDA), trading price $207.16, up 3.05%, trading volume $63.36 billion.

  2. Tesla (TSLA), trading price $461.45, up 0.20%, trading volume $31.05 billion.

  3. Microsoft (MSFT), trading price $541.55, down 0.10%, trading volume $16.65 billion.

  4. Meta Platforms (META), trading price $752.00, up 0.07%, trading volume $14.02 billion.

  5. Apple (AAPL), trading price $269.70, up 0.26%, trading volume $13.17 billion.

  6. AMD (AMD), trading price $264.33, up 2.45%, trading volume $12.85 billion.

  7. Palantir (PLTR), trading price $198.81, up 4.86%, trading volume $12.73 billion.

  8. Amazon (AMZN), trading price $230.30, up 0.46%, trading volume $11.56 billion.

  9. Google A (GOOGL), trading price $274.57, up 2.65%, trading volume $10.67 billion.

  10. Broadcom (AVGO), trading price $385.98, up 3.49%, trading volume $9.10 billion

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