Group 1 - The resilience of the US stock market is highlighted despite the recent announcement of new tariff policies, driven by fiscal spending and strong earnings outlook for large-cap stocks [1][2] - The limited exposure of S&P 500 companies to import costs due to current exemptions and the belief that recent tariff rates are not final contribute to the market's stability [2] - The new tax legislation, referred to as the "Big and Beautiful" tax bill, is expected to support large-cap indices by reducing effective cash tax rates and benefiting sectors like technology and healthcare [3] Group 2 - There has been a significant improvement in corporate earnings expectations, with revisions moving from -25% in mid-April to +3% currently, which is expected to support market performance [4] - The anticipated earnings growth for the S&P 500 index in Q2 is projected at 4% year-over-year, with the "seven giants" expected to see a net profit growth of 14%, significantly outpacing other companies [4] - Ongoing uncertainties regarding tariffs and their impact on profit margins remain a concern, with potential adjustments in earnings guidance depending on trade negotiations [4]

Report Industry Investment Ratings - **Bullish**: Polysilicon [1] - **Bearish**: Copper, Aluminum, Zinc, Stainless Steel, Tin, Rapeseed Oil, Cotton, Logs [1] - **Neutral (Oscillating)**: Treasury Bonds, Gold, Silver, Alumina, Nickel, Rebar, Hot - Rolled Coil, Iron Ore, Ferrosilicon, Coking Coal, Coke, Palm Oil, Corn, Pulp, Live Pigs, Crude Oil, Fuel Oil, Rubber, BR Rubber, PTA, Ethylene Glycol, Short - Fiber, Styrene, Fertilizer, PE, PVC, Chlor - Alkali, LPG, Container Shipping on the European Route [1] Core Views - In the short term, liquidity and market sentiment are acceptable, but there are few substantial positive factors at home and abroad. With the recent significant reduction in the discount advantage of stock index futures, it is advisable to be cautious about chasing up [1]. - The asset shortage and weak economy are beneficial to bond futures, but the central bank's short - term warning of interest - rate risks suppresses the upward trend [1]. - Market uncertainties remain. Gold prices are expected to fluctuate mainly in the short term, and silver prices should be wary of the risk of a fall after a rise [1]. - The potential implementation of US copper tariffs may lead to a re - flow of copper from non - US regions, posing a risk of compensatory decline in Shanghai and London copper prices [1]. - High aluminum prices suppress downstream demand, while low inventories support aluminum prices, resulting in a weak oscillating trend [1]. - Domestic anti - involution policies boost the expectation of supply - side reform, leading to a stable recovery in alumina prices [1]. - Tariff disturbances are intensifying, and the expectation of inventory accumulation in the fundamentals continues to pressure zinc prices. Attention should be paid to macro uncertainties [1]. - With macro uncertainties remaining, nickel prices are oscillating. It is recommended to short on rallies in the short term, and there is still pressure from the long - term surplus of primary nickel [1]. - For stainless steel futures, it is advisable to focus on short - term trading, sell on rallies for hedging, and seize the opportunity of positive basis trading. Pay attention to raw material changes and steel mill production schedules [1]. - The macro pricing of tin prices has increased, but the short - term fundamentals of supply and demand are weak, with limited driving forces. Attention should be paid to the subsequent meeting of the Manxiang mining area [1]. - For industrial silicon, the supply shows a pattern of decreasing in the north and increasing in the south. The demand for polysilicon has increased marginally, but there are expectations of production cuts later. The market sentiment is high [1]. - For polysilicon, there are expectations of supply - side reform in the photovoltaic market, and the market sentiment is high [1]. - For lithium carbonate, the supply side has not cut production, downstream replenishment is mainly by traders, and factory purchases are not active. There is capital gaming [1]. - For rebar and hot - rolled coil, the strong performance of furnace materials provides valuation support, but the fundamentals of hot - rolled coil are showing marginal weakness [1]. - For iron ore, short - term production has increased, demand is acceptable, supply and demand are relatively loose, and cost support is insufficient, so prices are under pressure [1]. - For ferrosilicon, the market sentiment has improved. In the short term, supply is stable, demand is resilient, and inventory is being depleted, providing price support. However, in the medium term, supply - demand surplus makes it difficult for prices to rise [1]. - For coking coal and coke, the supply is expected to increase, direct and terminal demand is weak, and cost support is weakening. It is advisable to focus on the opportunity of futures premium for selling hedging [1]. - For palm oil and rapeseed oil, relevant reports are neutral to bearish, and short - term oscillations are expected. It is recommended to wait and see for palm oil, and rapeseed oil is bearish due to the expected entry of Australian rapeseed [1]. - For cotton, in the short term, there are disturbances such as trade negotiations and weather premiums for US cotton. In the long term, macro uncertainties are still strong. The domestic cotton - spinning industry has entered the off - season, and downstream inventories are starting to accumulate, so domestic cotton prices are expected to oscillate weakly [1]. - For sugar, Brazil's 2025/26 sugar production is expected to reach a record high. If crude oil continues to be weak, it may affect Brazil's sugar - making ratio in the new crushing season and lead to higher - than - expected sugar production [1]. - For corn, there are many short - term policy disturbances. Attention should be paid to the subsequent auction volume and transaction price of imported corn and whether the aged rice auction will be implemented. The low wheat - corn price difference suppresses the upward space of corn prices [1]. - For soybean meal, the short - term inventory accumulation pressure continues to pressure the spot basis, which is expected to oscillate at a low level. The downside space of the US market is limited, and the Brazilian premium is expected to be firm. It is advisable to buy on dips [1]. - For pulp, after the macro - level positive factors, the price has risen, but the spot price has not followed up significantly, so it is not recommended to chase up [1]. - For live pigs, with the continuous recovery of the pig inventory, the slaughter weight is increasing. The futures market has a clear expectation of sufficient inventory and a large discount to the spot price. The short - term spot price is less affected by slaughter, and the futures price remains stable [1]. - For crude oil and fuel oil, the cooling of the Middle East geopolitical situation has led the market to return to the supply - demand logic. OPEC+ has increased production more than expected, and short - term strong consumption in the peak season in Europe and the US provides support [1]. - For natural rubber, the downstream demand is showing a weakening trend, the supply - side production release expectation is strong, and the inventory has increased slightly [1]. - For BR rubber, OPEC has increased production more than expected, the synthetic rubber fundamentals are under pressure, and some butadiene units are under maintenance with limited ship - cargo supply, providing certain support [1]. - For PTA, the supply has shrunk, but the crude oil price remains strong. The polyester downstream load remains at 90% despite the expectation of load reduction, and the spot market is becoming more abundant. Due to profit compression, the polyester replenishment willingness is low [1]. - For ethylene glycol, the coal price has risen slightly, the future arrival volume is large, but the overseas supply has shrunk, and the market expects a decrease in future arrivals [1]. - For short - fiber, the number of registered warehouse receipts is small, and short - fiber factory maintenance has increased. Under the high basis, the cost is closely correlated [1]. - For styrene, the pure - benzene price has slightly declined, styrene sales are active, the device load has recovered, the styrene inventory is concentrated, and the basis has significantly weakened [1]. - For fertilizer, domestic demand is average, the summer agricultural demand is coming to an end, and the export expectation is improving in the second half of the year [1]. - For PE, the macro - sentiment is good, there are many maintenance activities, and the demand is mainly for rigid needs, so the price oscillates strongly [1]. - For PVC, the price of coking coal has risen, the market sentiment is good, maintenance has decreased compared with the previous period, the downstream has entered the seasonal off - season, and the supply pressure has increased, so the price oscillates strongly [1]. - For chlor - alkali, the maintenance is nearly over, the spot price has fallen to a low level, the liquid - chlorine price has rebounded, the comprehensive profit has been repaired, and the number of current warehouse receipts is small. Attention should be paid to the change in liquid chlorine [1]. - For LPG, the crude - oil support is insufficient, the combustion and chemical demand are in the seasonal off - season, the spot price is oscillating downward, and the PG price is oscillating narrowly [1]. - For container shipping on the European route, there is a pattern of stable reality and weak expectation. It is expected that the freight rate will peak in mid - July and show an arc - top trend in July and August, with the peak time advancing. The subsequent weeks' shipping capacity deployment is relatively sufficient [1]

Market Trends - The current market consensus indicates that internal reforms are needed to counter external uncertainties, which is fundamental for a sustained bull market in equities [1] - The divergence in equity structure is significant, influenced by urbanization and real estate value reassessment, traditional cyclical industry profit reversals, and ongoing technological innovation [1] Cyclical Recovery vs. Revival - The market showed mixed signals with cyclical commodities experiencing sporadic increases, such as coking coal rising by 8.8% and silver by 5.4% [1] - The real estate sector saw a 6.1% increase, while steel and construction materials rose by 4.4% and 3.3% respectively [1] Global Asset Trends - Global stock markets displayed divergence, with the Russian MOEX index down by 5.7% and Brazil's index down by 3.6% [2] - The U.S. economic uncertainties are beginning to weaken their impact on global markets, while the ongoing Russia-Ukraine conflict is increasing global risk premiums [2] Domestic Economic Environment - China's exports grew by 5.8% year-on-year in June, slightly above expectations, but exports to the U.S. fell by 16.1% [6] - The overall economic outlook for the second half of 2025 is uncertain, with expectations of a decline in exports and potential depreciation of the RMB [6] Policy and Investment Strategies - The cyclical recovery is influenced by supply-demand dynamics and government policies aimed at stimulating demand through supply adjustments [9] - The potential for a cyclical recovery exists, but its impact on the economy and employment is constrained by the need for long-term policy effectiveness [11] Investment Logic - The investment strategy should focus on central enterprises and state-owned assets, as the market dynamics favor those with stronger operational capabilities [12]

Group 1: Global Economic Overview - The global economy is facing complex challenges, including the aftermath of the pandemic, geopolitical conflicts, energy structure adjustments, and technological revolutions, leading to uncertain market conditions [1] - Inflation remains a significant issue for major economies, with the U.S. core PCE above the 2% target and the Eurozone struggling with energy price volatility and weak manufacturing [3] - The International Bank for Settlements highlights interconnected challenges such as weak potential output growth, increasing fiscal vulnerabilities, and rising credit and liquidity risks in the non-bank financial sector [3] Group 2: China's Economic Performance - In 2024, China's GDP reached 134.9 trillion yuan, growing at a rate of 5%, with primary, secondary, and tertiary industries growing at 3.5%, 5.3%, and 5% respectively [4] - The consumer market is recovering, with significant growth in tourism and sales of upgraded consumer goods like electric vehicles and smart home products, indicating the release of domestic market potential [4] - High-tech manufacturing and equipment manufacturing saw value-added growth of 8.9% and 7.7%, respectively, outpacing overall industrial value-added growth [4] Group 3: Challenges in China's Economy - The real estate market is still adjusting, with some companies facing unresolved debt risks and local government fiscal sustainability under pressure [5] - Despite global demand slowdown affecting foreign trade, exports of "new three items" (electric vehicles, lithium batteries, solar batteries) increased by 28.7%, showcasing the competitiveness of Chinese manufacturing [5] Group 4: Investment Strategies - Investors are advised to diversify asset allocation, with a noticeable structural trend in the stock market where consumer recovery and tech growth sectors alternate in leading performance [6] - The bond market remains stable under expectations of monetary policy easing, with government bonds and high-grade credit bonds still holding certain allocation value [6] - Commodity markets are experiencing volatility due to geopolitical factors and supply chain restructuring, with gold gaining appeal as a safe-haven asset [6] Group 5: Future Economic Outlook - The future of the global economy is uncertain, influenced by the Federal Reserve's interest rate decisions, the effectiveness of China's growth policies, and the resolution of the European energy crisis [7] - China aims to deepen its domestic demand strategy and promote technological innovation, contributing to high-quality development amid a complex international environment [7] - The country advocates for inclusive economic globalization and strengthens cooperation through initiatives like the Belt and Road, aiming to enhance the global economic governance system [7]

Group 1 - The investment advice for p-xylene (PX) is to not chase short positions on a unilateral basis and go for positive spreads on the monthly basis. It's recommended to focus on the compression position of the long - term PX - Naphtha (PXN) [9][4][9] - The investment advice for purified terephthalic acid (PTA) is to not chase short positions on a unilateral basis and go for positive spreads on the monthly basis. For the 01 contract, continue to go long on PX and short on PTA, and long on PR and short on PTA. The supply of PTA is increasing while demand is decreasing, and the processing fee is under downward pressure [10][11] - The investment advice for monoethylene glycol (MEG) is to expect a bullish unilateral shock market, and go for positive spreads on the monthly basis. The supply of MEG is increasing while demand is decreasing, but the inventory is at a low level, combined with the rebound of coal prices, the unilateral price of MEG follows the rebound [12] Group 2 - The investment advice for synthetic rubber is that the upside space has been narrowed. In the short term, synthetic rubber will mainly fluctuate within the range, and the upside space has been narrowed. The static valuation range of the synthetic rubber futures is between 11,000 - 11,800 yuan/ton, and the dynamic valuation range is expected to fluctuate due to the short - term improvement in butadiene trading. The upside valuation is estimated to be around 11,700 - 11,800 yuan/ton on the futures market. When the main BR2508 contract is at a premium of around 100 yuan/ton to the market price in Shandong, there is a risk - free arbitrage space for spot hedging [17] - The investment advice for asphalt is that the center of gravity fluctuates strongly with oil, and the inventory in the factory has declined. It is recommended to go short on a unilateral basis, with a trend strength of - 1 [20][27] - The investment advice for linear low - density polyethylene (LLDPE) is that the macro - end is affected by the rectification of involution, with a strong commodity sentiment. However, the fundamentals of polyethylene have not been significantly improved, with insufficient driving force, leading to a volatile market. The supply pressure is gradually increasing, and the demand support is not strong, so the later trend pressure on PE is still relatively large [34] - The investment advice for polypropylene (PP) is that the spot price has slightly decreased, and the trading is light. The fundamentals have not been significantly improved, resulting in a volatile market [37][38] - The investment advice for caustic soda is that the recent price rebound is due to the previous weakness of liquid chlorine leading to some device load reduction and downstream periodic restocking. However, the rapid decline of liquid chlorine has led to the recovery of chlorine - consuming downstream and the restoration of caustic soda devices, so the supply - side drive is unsustainable. The demand is in the seasonal off - season, and the downstream is reluctant to restock at a high price, so the rebound is unsustainable [42] - The investment advice for pulp is to continue to pay attention to the changes in port inventory and market demand. The spot fundamentals are under high pressure, with high port inventory and continuous supply relaxation; the demand is suppressed by the high inventory of base paper, and the market is wait - and - see [45] - The investment advice for glass is that the original sheet price is stable. The supply and demand are relatively balanced, and the speculative demand has increased due to the boost of the futures market, and the inventory is at a low - level [49][49] - The investment advice for methanol is to expect a continued volatile pattern. The supply has decreased due to increased domestic maintenance and low imports in July, and the demand from MTO is mainly for rigid procurement. The traditional demand has weakened, so methanol is expected to fluctuate [54] - The investment advice for urea is that the domestic demand is weak, and the export supports a volatile trend. The spot trading has been weak continuously, so it may be under pressure on a unilateral basis [57][58] - The investment advice for styrene is that the spot liquidity has been released, and it is recommended to focus on the position of compressing styrene profit. The supply of styrene is increasing while demand is decreasing, and the non - integrated profit is at a negative level [59][60] - The investment advice for soda ash is that the market has not changed much. The supply is at a high level, and the downstream demand is not strong. It is recommended to expect a low - level volatile market [62] - The investment advice for liquefied petroleum gas (LPG) is to expect a short - term volatile pattern. The supply of LPG is decreasing due to multiple PDH device overhauls, and the demand from MTO is mainly rigid. The overall supply and demand are both decreasing, so LPG is expected to fluctuate. The upside is suppressed by the negative feedback of low MTO profit, and the downside is supported by low imports in July [66][72] - The investment advice for polyvinyl chloride (PVC) is that the high - production and high - inventory structure of PVC is difficult to alleviate, and it is recommended to short the chlorine - alkali profit. However, the rectification of involution has weakened the short - selling sentiment [75] - The investment advice for fuel oil is that the night market has continued to weaken, and the short - term is still weaker than low - sulfur fuel oil. The low - sulfur fuel oil follows the decline of oil, and the spread between high - and low - sulfur in the spot market has continued to increase [77] - The investment advice for the container shipping index (ECI) is to go short on a unilateral basis for the 10 contract, and go long on the 12 and 02 contracts for protection. The SCFI：European route has7.3% week - rise, and the SCFI：American route has - 18.7% week - rise [79] Group 3 - The investment advice for staple fiber is that the short - term is expected to be a volatile market. The supply of staple fiber is increasing while demand is decreasing, but the inventory is at a low level [32] - The investment advice for bottle chips is that the short - term is expected to be a volatile market. Go long on PR and short on PF. The supply of bottle chips is increasing while demand is decreasing [32] Group 4 - The investment advice for offset printing paper is that the market is in the off - season, and the demand is0. The supply and0. The supply and demand are both0, and0. It is recommended to0. The supply and demand are both0, and it is recommended to continue0. The supply and demand are both0, and it is recommended to continue to watch the changes in port0. The supply and demand are both0, and it is recommended to continue to watch0. 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Report Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Viewpoints - Iron ore is expected to have a strong - side oscillation supported by macro - expectations [2][4]. - Rebar and hot - rolled coil plates will have wide - range oscillations due to the undiminished sector sentiment [2][7]. - Silicon iron and manganese silicon markets are slightly boosted by the settlement of steel tender prices [2][10]. - Coke will oscillate with an upward trend [2][13]. - Coking coal will oscillate with an upward trend affected by news disturbances [2][14]. - Steam coal will stabilize with oscillations as daily consumption recovers [2][18]. - Logs will have wide - range oscillations due to the change of the main contract [2][22]. Summary by Relevant Categories Iron Ore - **Fundamental Data**: The futures price of iron ore (12509) closed at 766.5 yuan/ton, up 2.5 yuan/ton (0.33%). The import and domestic ore prices generally increased slightly. The basis and spreads also showed certain changes [4]. - **Macro and Industry News**: In June 2025, the national consumer price index increased by 0.1% year - on - year [4]. - **Trend Intensity**: The trend intensity of iron ore is 0 [4]. Hot - Rolled Coil Plate - **Fundamental Data**: The futures price of HC2510 closed at 3,276 yuan/ton, up 0.09%. The trading volume and open interest decreased. The spot prices in different regions had minor changes. The basis and spreads also changed [7]. - **Macro and Industry News**: In June 2025, M2 balance was 330.29 trillion yuan, up 8.3% year - on - year. China's steel exports in June were 967.8 million tons, a decrease of 90.0 million tons from the previous month. The weekly data on July 10 showed changes in production, inventory, and apparent demand [8][9]. - **Trend Intensity**: The trend intensity of hot - rolled coil plate is 0 [9]. Silicon Iron and Manganese Silicon - **Fundamental Data**: The futures prices of silicon iron and manganese silicon contracts increased. The spot prices and various spreads also showed different changes [10]. - **Macro and Industry News**: The prices of silicon iron and silicon manganese in different regions were reported. A large steel group in Hebei increased the tender prices for silicon iron and silicon manganese in July and increased the procurement volume [11]. - **Trend Intensity**: The trend intensity of silicon iron and manganese silicon is 0 [12]. Coke and Coking Coal - **Fundamental Data**: The futures prices of coking coal (JM2509) and coke (J2509) increased. The spot prices of coking coal and coke in different regions had minor changes. The basis and spreads also changed [14]. - **Price and Position Information**: The port prices of coking coal and the CCI metallurgical coal index were reported. The long - position and short - position changes of the top 20 members in DCE were provided [14][15][16]. - **Trend Intensity**: The trend intensity of coke is 0, and that of coking coal is 1 [16]. Steam Coal - **Previous Day's Domestic Market**: The ZC2507 contract of steam coal had no trading on the previous day. The opening, high, low, and closing prices and trading volume and open interest were reported [19]. - **Fundamental Information**: The prices of imported steam coal at southern ports and domestic steam coal at production areas were provided. The long - position and short - position changes of the top 20 members in ZCE were reported [20]. - **Trend Intensity**: The trend intensity of steam coal is 0 [21]. Logs - **Fundamental Data**: The closing prices, trading volumes, and open interests of different log contracts (2509, 2511, 2601) showed different trends. The spot prices of various types of logs in different regions remained stable [22]. - **Macro and Industry News**: The US President Trump extended the so - called "reciprocal tariff" suspension period [24]. - **Trend Intensity**: The trend intensity of logs is 0 [24].

Market Overview - On July 14, the Hang Seng Index rose by 64 points or 0.3%, closing at 24,203 points, with a daily trading range of only 167 points[1] - The Hang Seng Tech Index increased by 0.7%, closing at 5,283 points, while total market turnover decreased to HKD 210.4 billion[1] - Net inflow from the Hong Kong Stock Connect was HKD 8.2 billion, indicating a positive sentiment despite the lack of clear direction in the market[1] Sector Performance - The biopharmaceutical sector showed strong performance, with 3SBio (1530 HK) rising by 12.2% and BGI Genomics (6955 HK) increasing by 22.3%[1] - The chemical, paper, copper, and other non-ferrous metal sectors benefited from "capacity reduction" policies, contributing to their positive performance[1] - AI and robotics-related stocks, previously lagging, saw gains, with Kingsoft Cloud (3896 HK) and GDS Holdings (9698 HK) rising between 2.9% and 8.5%[1] Macroeconomic Insights - In June, China's M1 money supply grew by 4.6%, the fastest rate since May 2023, while M2 increased by 8.3%, the highest since March 2024[2] - Social financing in June increased by CNY 900 billion, with government bonds contributing CNY 500 billion to this growth[2] - New home sales in major cities fell by 26.5% year-on-year, indicating a downturn in the real estate market[2] Industry Developments - 361 Degrees (1361 HK) reported a 10% year-on-year growth in retail sales for its main brand and children's clothing, with online sales up by approximately 20%[3] - Sai Jing Technology (580 HK) announced a CNY 180 million acquisition of Hunan Hong'an's equity, which is expected to enhance its supply chain and customer resources[3] - The pharmaceutical sector rose by 2.1%, driven by expectations of new drug listings in the national insurance catalog for 2025[4] Future Projections - Tianlun Gas (1600 HK) is expected to return to profit growth starting FY25, with a projected CAGR of 12.0% from FY24 to FY27[6] - The global autonomous driving market is projected to reach USD 207.4 billion in 2024, growing at a CAGR of 31.0% until 2027[13] - China's autonomous driving market is expected to grow from CNY 330 billion in 2023 to CNY 791.5 billion by 2027, with a CAGR of 24.4%[13]

【导读】关税战"重燃"，美股三大指数震荡收涨，比特币冲破12万美元，原油价格跳水 见习记者 储是 美东时间7月14日（周一），美股三大指数震荡收涨。截至收盘，标普500指数涨0.14%，纳 斯达克综合指数涨0.27%，道琼斯指数涨0.2%。 据央视新闻报道，当地时间7月14日，美国总统特朗普表示，美方将就关税问题与各国展开磋 商，并且对包括欧洲在内的贸易谈判持开放立场。与此同时，欧盟方面也将派代表前来与美 方讨论贸易问题。特朗普还称，目前美方已与一些国家达成贸易协议。 热门板块个股表现 截至收盘，特斯拉上涨1.10%，Meta上涨0.47%，亚马逊上涨0.28%，苹果下跌1.24%，英 伟达下跌0.52%，微软下跌0.08%。 | 代码 | 名称 | 现价 ▼ | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | META | 脸书(META PLATFORMS) | 720.860 | 3.350 | 0.47% | | MSFT | 微软(MICROSOFT) | 502.940 | -0.380 | -0.08% | | TSLA | 特斯拉(TESLA) | 3 ...

金十数据7月15日讯，特朗普将于周二在宾夕法尼亚州宣布一项总额达700亿美元的人工智能和能源投资 计划，这是白宫加快新兴技术发展步伐的最新举措。据一位政府官员透露，特朗普将在匹兹堡郊外的一 场活动中公布这些新计划的细节。来自多家企业的投资将涵盖新建数据中心、扩大发电能力、升级电网 基础设施，以及推出人工智能培训项目和学徒计划。这场活动将由共和党参议员麦考密克主持。包括多 达60位企业高管在内的人工智能和能源行业领袖预计将出席此次活动。麦考密克发言人表示，黑石集团 总裁格雷将在会上宣布一个总额达250亿美元的数据中心与能源基础设施建设计划，该项目预计每年可 创造约6000个建筑就业岗位和3000个长期就业岗位。黑石集团尚未就此事发表评论。 特朗普将宣布700亿美元重磅投资计划 ...

Core Insights - Major industry ETFs in the US stock market showed mixed performance, with the semiconductor ETF declining over 1% while the internet stock index ETF rose more than 0.5% [1] Group 1: Semiconductor Sector - The semiconductor ETF (us SMH) closed at 283.77, down by 3.72 points, which is a decrease of 1.29% with a trading volume of 557,600 shares [2] Group 2: Energy Sector - The energy sector ETF (us XLE) ended at 88.54, down by 0.59 points, reflecting a decline of 0.66% with a trading volume of 1,559,000 shares [2] Group 3: Technology Sector - The technology sector ETF (us XLK) closed at 254.34, decreasing by 1.51 points, which is a drop of 0.59% with a trading volume of 278,600 shares [2] - The global technology stock ETF (us IXN) finished at 92.69, down by 0.55 points, also a decline of 0.59% with a trading volume of 8,023 shares [2] Group 4: Healthcare Sector - The healthcare sector ETF (us XLV) closed at 134.83, down by 0.36 points, a decrease of 0.27% with a trading volume of 875,700 shares [2] - The biotechnology index ETF (us IBB) ended at 131.37, down by 0.22 points, which is a decline of 0.17% with a trading volume of 57,942 shares [2] Group 5: Consumer Sector - The consumer staples ETF (us XLP) closed at 80.75, down by 0.06 points, a decrease of 0.07% with a trading volume of 865,700 shares [2] - The consumer discretionary ETF (us XLY) finished at 221.47, slightly up by 0.04 points, reflecting an increase of 0.02% with a trading volume of 235,100 shares [2] Group 6: Airline Sector - The global airline industry ETF (US JETS) closed at 24.99, down by 0.04 points, a decrease of 0.15% with a trading volume of 124,200 shares [2]