Group 1 - The S&P 500 index initially rose by approximately 0.3%, with sectors such as energy, technology, telecommunications, and materials seeing gains of up to 0.9% [1] - The Nasdaq 100 index initially increased by 0.5%, with Zscaler rising by 6.2%, and other companies like Micron Technology, Meta, AMD, and Diamondback Energy experiencing gains between 3.8% and 2.1% [1] - Notable declines included Google A, which fell by 1.4%, and Adobe, which dropped by 2.8%, while Salesforce, 3M, and Procter & Gamble each fell over 1%, leading the decline in Dow components [1] Group 2 - The index of the seven major U.S. tech stocks increased by 0.5%, while the "Trump Tariff Losers Index" decreased by 1% [2]

纳斯达克100指数初步收涨2.2%，成分股AppLovin涨约7%，特斯拉涨约6.6%，华纳兄弟探索和迈威尔 科技涨超5.6%，拼多多ADR表现最差。 标普500指数初步收涨约1.8%，可选消费、科技、电信板块涨超2%，能源板块涨0.7%表现最差。 费城半导体指数涨约3%，银行指数涨2.1%，小盘股指涨2.3%，美国科技股七巨头指数涨2.8%，"特朗 普关税输家指数"涨3.3%。 ...

本周，标普500指数累跌约2.3%，道指累跌约2.5%，纳指累跌约2.4%，纳斯达克100指数累跌约2.4%， 半导体指数累跌于4.4%、银行指数累跌约4.2%，美国科技股七巨头指数跌约2.8%、"特朗普关税输家指 数"累跌5%，小盘股指跌3.3%，生物科技指数涨0.4%。 纳斯达克100指数初步收跌0.9%，成分股Workday跌12.4%，Copart跌11.6%，罗斯百货跌9.9%， CrowdStrike则涨2.9%，Grail涨3.6%，Intuit涨8.2%。 周五当天，标普500指数初步收跌0.6%，科技板块跌1.2%，电信、可选消费、金融等板块至多跌0.9%， 公用事业板块涨1.2%。 ...

Group 1 - The S&P 500 index initially rose by 0.1%, with the consumer discretionary, telecommunications, and technology sectors increasing by up to 0.7%, while the healthcare sector fell by 0.7% and the utilities sector dropped by 1.4% [1] - The Nasdaq 100 index initially increased by 0.3%, with notable gains from Grail, Mavenir Technologies, and Pinduoduo ADR, which rose at least 2.8%, while Tesla increased by 2% and Google A rose by 1.3%. However, AppLovin and Qualcomm saw declines of 2% and 2.5% respectively, with Texas Instruments, ON Semiconductor, NXP, and ADI dropping by up to 4.6% [1] - Nvidia rose by 0.3%, ranking third among the Dow components [1] Group 2 - The index of the seven major U.S. tech stocks increased by 0.6%, while the "Trump Tariff Losers Index" remained roughly flat [1]

Group 1 - Berkshire Hathaway's Q1 2023 13F filing revealed a complete exit from Citigroup (14.63 million shares) and Nu Holdings, along with a reduction in Bank of America holdings (48.66 million shares) while maintaining its Apple position (300 million shares) unchanged [1] - The company significantly increased its stake in Constellation Brands by 6.38 million shares, representing a 113.5% increase, and also added 760,000 shares in Occidental Petroleum and 860,000 shares in Pool Corp [1] - Notably, Berkshire did not initiate any new positions in Q1 2023, raising concerns among market analysts regarding its investment strategy [1] Group 2 - As of March 31, 2025, Berkshire's cash, cash equivalents, and U.S. Treasury bills increased from $212.59 billion at the end of 2024 to $219.90 billion, representing an increase in the cash holding ratio from 42.77% to 44.29% of its insurance investment portfolio [3] - Market analysts, including Morgan Stanley's Chief Investment Officer Lisa Shalett, indicated that the slowdown in revenue growth among the "Magnificent Seven" tech stocks and broader earnings momentum could limit further market gains [3] - There are concerns that ongoing effects of Trump-era policies may lead to increased market volatility [3]

| 英伟达 | 129.93 | +6.93 (+5.63%) | 3.24亿股 | 3.17万亿 -3.24% = ··· | | | --- | --- | --- | --- | --- | --- | | us NVDA | 129.56 | -0.36 (-0.28%) 盘后 | | | | | Destiny Tech ... | 41.96 | +2.08 (+5.22%) | 70.17万股 | 4.57亿 -28.71% | = | | us DXYZ | 42.00 | +0.04(+0.10%) 盘后 | | | | | 特斯拉 | 334.07 | +15.69 (+4.93%) | 1.35亿股 | 1.08万亿 -17.28% | == | | us TSLA | 332.86 | -1.21 (-0.36%) 盘后 | | | | | AMD | 112.46 | +4.34 (+4.01%) 5484.81万股 | | 1823.43亿 -6.90% | 들 " | | us AMD | 112.30 | -0.16 (-0.14%) 盘后 | | | | | 台棋电 | 19 ...

此外，礼来收涨1.55%，台积电ADR涨1.34%——4月份累计上涨0.42%，AMD涨1.34%，巴菲特旗下伯 克希尔哈撒韦则收跌0.25%。 特斯拉收跌3.38%，亚马逊跌1.58%，Meta跌0.98%，谷歌A跌0.85%，英伟达跌0.09%，微软则收涨 0.31%，苹果涨0.61%。 | | 当前价 # | | 成交量 ◆ | 总市值 $ 年初至今 $ | 0 | | --- | --- | --- | --- | --- | --- | | 特斯拉 | 282.16 | -9.87 (-3.38%) | 1.26亿股 | 9088.25亿 -30.13% | [] *** | | us TSLA | 283.00 | +0.84(+0.30%) 盘后 | | | | | Destiny Tech ... | 37.09 | -0.90 (-2.37%) | 28.22万股 | 4.04亿 -36.99% | U ... | | us DXYZ | 36.97 | -0.12 (-0.32%) 盘后 | | | | | 亚马逊 | 184.42 | -2.97 (-1.58%) 5216.61万股 | ...

Market Performance Summary - In April, the S&P 500 index declined approximately 1.6%, while the Dow Jones Industrial Average fell about 3.6% [1] - The Nasdaq remained relatively flat, and the Philadelphia Semiconductor Index decreased by around 1.1% [1] - The banking index dropped by approximately 3.9%, and the Russell 2000 index, which tracks small-cap stocks, fell about 2.9% [1] - The technology sector, represented by the seven major tech stocks, saw a decline of 5.9%, and the Trump tariff losers index decreased by 5.8% [1] Daily Performance Highlights - On Friday, the S&P 500 index initially rose by 0.2%, while the Dow Jones gained over 200 points, reflecting a 0.6% increase [1] - The semiconductor index increased by 0.8% on the same day [1] - Tesla's stock fell by 3%, whereas Apple's stock rose by 1% [1]

Core Viewpoint - The Bloomberg U.S. Big Tech Index has declined by 2.7% [1] Group 1 - The decline in the index reflects broader market trends affecting major technology companies [1]

Group 1: Market Performance - In March, global asset performance ranked as follows: commodities (2.62%) > global bonds (0.61%) > RMB (0.30%) > 0% > USD (-3.16%) > global stocks (-4.45%) [2] - The "Terrific 10" index of Chinese tech stocks increased by 58% from 2024 to March 2025, outperforming the "Magnificent 7" index of US tech stocks, which rose by 41% [3] - The A-share margin balance reached 2.55% of the A-share circulating market value, the highest since 2017 [5] Group 2: Economic Indicators - The correlation coefficient between the Russell 2000 index and the NFIB small business confidence index was 0.77 from 2016 to September 2024, indicating a close relationship [3] - Since October 2024, the NFIB small business confidence index has risen while the Russell 2000 index has underperformed the S&P 500 index [3] - The A-share industry rotation speed reached the 94th percentile of historical levels over the past 10 years as of March 2025 [8] Group 3: Investment Insights - 58% of global fund managers expect gold to be the best-performing asset in a scenario of comprehensive trade conflicts, followed by long-term US bonds (16%) and short-term US bonds (9%) [4] - The valuation of the "Magnificent 7" in the US shows a negative correlation with the actual yield of 10-year Japanese government bonds, indicating concerns over high valuations and liquidity [4] - The price of rebar has decreased by 13.8% since 2023, while copper prices have increased by 4.2%, reflecting differing demand in construction and manufacturing sectors [6]