【US stock market opening shows divergence: Dow slightly rises, Nasdaq falls nearly 0.5%, AI giant Broadcom plummets 7%】

The US stock market opened with structural divergence on Friday, with the Dow Jones Industrial Average rising slightly by 0.2%, while the S&P 500 index, which has a higher proportion of tech stocks, fell by 0.17%, and the Nasdaq index dropped by as much as 0.46%, indicating a cautious market sentiment ahead of key economic data releases.

📈 Financial stocks lead the Dow

The financial sector has become the mainstay supporting the Dow, with Citigroup rising 1.3%, primarily due to JPMorgan raising its rating from "neutral" to "overweight". Expectations for an improved interest rate environment and a soft landing for the economy have continued to boost the performance of bank stocks.

📉 Tech stocks under pressure, Broadcom plummets over 7%

Semiconductor and AI hardware giant Broadcom opened with a sharp decline of over 7%, dragging the Nasdaq down. The company warned that its gross profit margin in the first fiscal quarter may shrink by about 1% due to changes in its AI product mix, raising investors' concerns about the sustainability of AI profits.

⚠️ Market focuses on evening non-farm data

Behind the divergence in the Dow and Nasdaq trends is a rebalancing of funds between cyclical and growth stocks. With the evening non-farm payroll data set to be released soon, market volatility may further intensify, and investors are closely monitoring how the data will guide the Federal Reserve's policy path.

Divergence often signifies the beginning of a new round of style rotation. $BTC $ETH $SOL #美联储FOMC会议