【 US Stock Review 】 The Nasdaq led the way with six consecutive positive days, and the technology sector's trade policy became the focus of the market

Market Overview
On Wednesday, May 14th, the overall trend of the US stock market continued to rise, with the Nasdaq index leading the main stock indexes once again, supported by the positive outlook for trade negotiations and strong support from technology stocks. The S&P 500 index rose slightly, while the Dow Jones Industrial Average fell slightly.

• Dow Jones IndexDown 89.37 points, down 0.21%, closing at 42051.06 points;

• S&P 500 indexUp 6.03 points, up 0.10%, closing at 5892.58 points;

• NASDAQ Composite IndexRising 136.72 points, or 0.72%, it closed at 19146.81 points, achieving its sixth consecutive trading day of gains.

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Policy Dynamics: Tariff Expectations Drive Risk Emotions
As the atmosphere of Sino US economic and trade negotiations improves, investors are closely monitoring any latest news regarding tariff policies. It is reported that US President Trump may announce a new major trade agreement in the near future, which is expected to involve a $600 billion investment commitment from Saudi Arabia. In addition, the White House signed an executive order this week significantly reducing the tariff rate for direct mail packages of $800 and below from 120% to 54%, easing cost pressures for some businesses.

According to Reuters, the US government is considering significantly reducing tariffs on low-priced packages from China from the original 120% to 30%, in order to reserve space for future negotiations and further support market sentiment recovery.

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[Highlight of the sector: Technology and chip stocks lead the rebound]
The technology sector continues to lead the upward trend, especially with chip manufacturers performing outstandingly under the stimulation of the AI boom.

• NVIDIAgiveAMDBoth have risen by over 4%, and recently signed an AI chip related agreement with Saudi company Humain. The market is optimistic about their long-term growth momentum.

• **Alphabet (parent company of Google) * * rose 3.6%, injected with vitality by the expected expansion of its AI business.

• **Supermicro has surged more than 15% after receiving a "outperform" rating from brokerage Raymond James and announcing a multi-year partnership agreement worth $20 billion with Saudi Arabia's DataVolt.

teslaThe stock price rose by 4%, achieving six consecutive increases, continuing the recent strong trend.

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Stock News: Differentiation in the Impact of Financial Reports and News Coverage

• **On the eve of Cisco's financial report, its stock price fell slightly by nearly 1%, as the market focused on its assessment of tariffs and the global economy.

• American EagleAfter withdrawing its full year performance expectations, the stock price fell 6.45%, highlighting the pressure on the retail industry under macro uncertainty.

• Ford MotorBasically unchanged, due to potential safety hazards, the company will recall over 270000 vehicles in the United States, involving brake system issues.

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Macro interpretation: Officials' statements intertwined with inflation expectations
Despite the lackluster macroeconomic data on the day, several Federal Reserve officials emphasized in speeches that the risk of rising tariffs may pose new pressure on inflation. Vice Chairman Jefferson pointed out that tariff adjustments may hinder inflation from returning to the 2% target and pose new challenges to economic growth.

ING analysis suggests that easing trade relations can contribute to economic expansion, but expectations of rising inflation may limit the pace of interest rate cuts. The bank still predicts that the Federal Reserve will start cutting interest rates in September, with a magnitude of 25 basis points, lower than the previous market expectation of 50 basis points.

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Future outlook: Can the technological boom continue
The S&P 500 index has now fully recovered from its decline since the beginning of the year, and the market focus is shifting towards the sustainability of the valuation of the "tech seven giants". Analysts point out that despite frequent short-term positive developments, tariff policies and the Federal Reserve's policy path remain important variables that affect the market.