全线反弹

Core Viewpoint - The U.S. stock market experienced a strong rebound, with major indices posting their best single-day performance in nearly a month, attributed to positive developments in international trade negotiations and reduced fears of a global economic recession [1][7]. Market Performance - The Dow Jones Industrial Average surged by 1,160.72 points, or 2.81%, closing at 42,410.10 points [2] - The S&P 500 index rose by 3.26%, closing at 5,844.19 points, with a cumulative rebound of over 20% since mid-April [1][2] - The Nasdaq Composite Index showed the strongest performance, increasing by 4.35% to 18,708.34 points [1][2] Sector Performance - Technology stocks led the market rally, particularly those closely linked to global manufacturing and supply chains, with electric vehicle leaders rising nearly 7% [6] - A major consumer electronics company and an AI chip giant recorded gains of 6% and 5%, respectively [6] - Retail and hardware companies, reliant on overseas procurement and sales channels, also saw significant rebounds, with a major electronics retailer and a large PC manufacturer rising nearly 8% [6] Trade Negotiations Impact - The recent trade negotiations between the U.S. and China resulted in a "temporary" reduction in tariffs, interpreted as a significant positive development for the market [5][12] - The U.S. committed to canceling 91% of tariffs on Chinese goods and modifying 34% of reciprocal tariffs, while China reciprocated with similar reductions [12] Economic Outlook - The progress in trade negotiations has significantly lowered recession expectations, prompting funds previously in risk-averse positions to flow back into risk assets [7] - U.S. Treasury yields rose as the market became less eager for short-term interest rate cuts [7] Investor Sentiment - The market's positive reaction was driven by tariff adjustments that exceeded market expectations, leading to a rapid recovery in risk appetite [6] - Defensive sectors, such as beverages, tobacco, and telecommunications, experienced declines as riskier assets gained favor [8] Future Considerations - Ongoing trade negotiations will remain a key variable influencing market dynamics in the coming weeks, with uncertainty still present regarding the durability of any agreements reached [8] - Analysts suggest that recent trade developments could provide support for mid-term market trends [8]