美股新年“轮动行情”持续：科技股回落 小盘股顺势而起

Group 1 - Investors are shifting away from major tech stocks to those that underperformed last year, indicating a rotation trend in the U.S. stock market since early 2026 [1] - The S&P 500 index closed nearly flat after reaching a new high earlier in the week, while the tech-heavy Nasdaq 100 index fell by 0.5%. In contrast, the Dow Jones Industrial Average rose by 0.6%, and small-cap stocks rebounded with the Russell 2000 index increasing by 1.1% [1] - Dave Lutz from JonesTrading noted that investors are looking to allocate funds into stocks with perceived appreciation potential, particularly small-cap stocks, due to high valuations in tech stocks and the theoretical AI bubble [1] Group 2 - The equal-weighted S&P 500 index is on track to outperform its market-cap weighted counterpart for the third consecutive month, which would mark the longest streak in three years if maintained [3] - Trump's plan to increase U.S. military spending to $1.5 trillion by 2027 has boosted defense stocks, with companies like Lockheed Martin, Northrop Grumman, and Kratos Defense seeing significant stock price increases [3] - Thomas Thornton from Telemetry LLC mentioned that Trump's active social media presence has negatively impacted housing-related stocks, but his comments on defense spending have mitigated this effect [3] Group 3 - U.S. Energy Secretary Chris Wright indicated that companies like ConocoPhillips and ExxonMobil are exploring ways to help revitalize Venezuela's energy sector [6] - U.S. labor productivity accelerated in Q3, reaching its fastest growth in two years, which suggests that efficiency improvements are helping to mitigate inflationary pressures from rising wages [6] Group 4 - Wall Street strategists are seeking new catalysts for a U.S. stock market bull run amid concerns over slowing AI trading, with Goldman Sachs identifying companies benefiting from increased middle-class consumer spending, such as healthcare providers and essential goods manufacturers [7] - A team at Goldman Sachs warned that high stock trading premiums could pose risks if economic growth concerns escalate, increasing the likelihood of a bear market [7] - Reports indicate that China plans to approve the import of Nvidia's H200 chips as early as this quarter, allowing the company to regain access to a critical market [7] Group 5 - Alphabet's stock price rose after Cantor Fitzgerald upgraded the tech giant's rating to "overweight" [7] - Soho House & Co. saw its stock price decline due to an impending sale that has created a funding gap [7] - Jefferies' stock price fell after the investment bank reported fourth-quarter earnings per share below analyst expectations [7]