On the morning of December 16 (Beijing Time), the three major US stock indices closed with mixed performances. The Dow Jones Industrial Average edged down by 0.09%, while the S&P 500 Index dipped by 0.16%. The Nasdaq Composite Index also saw a decline, dropping 0.59%. Against this backdrop, Tesla's stock price defied the overall market trend, surging over 3% to reach a new high in nearly a year. Nvidia, on the other hand, witnessed a 0.73% increase following the launch of its new-generation open-source model, Nemotron 3.
In contrast, AI-related stocks like Broadcom and Oracle faced selling pressure, with their shares plummeting more than 5%. The Nasdaq Golden Dragon China Index also took a hit, declining by 2.17%, as the majority of popular Chinese concept stocks retreated. Market attention is now turning towards sector rotation, with funds shifting from high-growth tech stocks to those with lower valuations. Additionally, investors are keeping a close eye on the upcoming US economic data releases scheduled for this week.
