On Tuesday, July 9th, the Nasdaq and the S&P 500 both achieved a six-day winning streak, once again setting new intraday highs, while the Dow Jones Industrial Average (DJIA) softened.

The technology stock-heavy Nasdaq broke through the 18,500 mark, with a gain of nearly 0.6%; the S&P 500 index hit a new intraday high, approaching 5,600 points, with a gain of over 0.28%; the blue-chip stock-heavy DJIA initially fell, with the decline expanding to over 0.5%, but later recovered more than half of the loss; the Nasdaq had the relatively largest gain among the major indices.

Most of the "Tech Seven Sisters" stocks rose. Nvidia led the "Seven Sisters" with a gain that once expanded to nearly 4.4%; Tesla, which opened lower, turned positive and rose by more than 2%, achieving a ten-day winning streak; "Metaverse" Meta's initial gain expanded by more than 1.5%; Apple rose by more than 0.6%; Alphabet's Class A shares rose by more than 1.2%; Amazon rose by more than 0.57%; while Microsoft turned negative, once falling nearly 0.6% within half an hour of opening.

Chip stocks generally rose at the start of trading, but most dived after 50 minutes. The Philadelphia Semiconductor Index rose by more than 1%, breaking through 5,800 points to set a new intraday high, and the industry ETF SOXX once rose by nearly 1%, but both later briefly dived and turned negative. Nvidia's double long ETF once rose by more than 8.7%; Arm Holdings and KLA Corporation once again set new intraday highs, once rising by more than 2% and 1.5% respectively; while TSMC turned negative, with the decline expanding to more than 1.2%.

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AI concept stocks varied in price. Advanced Micro Devices (AMD) once rose by nearly 4%, while C3.ai once fell by 3.5%.

In terms of news, strategists at Citigroup said that there are no signs that the rise in AI stocks has weakened, but based on historical experience, it is time to take profits on large-cap stocks. Confidence in artificial intelligence-related stocks has reached its highest level since 2019, and it is expected that the free cash flow of most of these companies will exceed analysts' expectations. Such data usually indicates that there will be "significant volatility" in the future. They said that although there may not be signs of a price bubble now, the rise in some stocks is "worrisome."

Chinese concept stocks generally rose. Among ETFs, the China Technology Index ETF (CQQQ) rose by more than 2.4%. The China Internet Index ETF (KWEB) rose by more than 1.2%. The NASDAQ Golden Dragon China Index (HXC) rose by more than 1.1%, breaking through the 5,900 mark.

Among popular Chinese concept stocks, Pinduoduo rose by more than 1.8%, NetEase rose by more than 1.6%, Baidu rose by more than 2.1%, while Jikrypton once fell by more than 3%, and Li Auto fell by more than 0.6%.

The following content was updated before 21:50 Beijing time.

At 22:00 tonight, Powell will testify on Capitol Hill, and investors are closely watching whether Powell will hint at how soon the Federal Reserve can start lowering interest rates.U.S. stock markets opened with mixed performances, with the Nasdaq Composite up 0.36%, the S&P 500 up 0.19%, and the Dow Jones Industrial Average down 0.06%.

Nvidia Leads Tech Stocks Higher

Star technology stocks continued their previous upward trend, with Nvidia surging by over 2%, leading the technology sector. TSMC rose by more than 0.8%, and Intel marked its fifth consecutive trading day of gains, up 3.6% as of press time, reaching its highest level since April.

Sony Rises Over 4%

In the news, according to media reports, Sony, Mitsubishi, and six other Japanese companies plan to invest 50 trillion yen from fiscal 2021 to 2029 to increase semiconductor production.

Some popular Chinese concept stocks gain ground, with Alibaba and Pinduoduo both up by more than 1%.

10-Year U.S. Treasury Yield Edges Higher

Ahead of the $58 billion three-year Treasury note sale, the yield on the 10-year U.S. Treasury note edged higher, rising 2.7 basis points intraday, currently reporting at 4.293%.

Crude Oil Continues Downward Trend

Both Brent and West Texas Intermediate (WTI) crude oil prices fell by more than 0.5%.

Spot Gold Prices Spike BrieflySpot gold prices rose sharply in the short term, increasing by about $6 intraday,报价 at $2364.83 per ounce.