💰CPI Beats Expectations, Nasdaq Rebounds: Top Sectors
In the recent market fluctuations, the $NASDAQ(.IXIC)$ staged a strong rebound of 1.22% on Wednesday after a 14% decline, signaling a positive shift in the market sentiment.
The rebound in the Nasdaq was primarily fueled by better-than-expected inflation data, which alleviated concerns about an economic downturn. The U.S. CPI for February increased by 2.8% year-on-year, below the expected 2.9%, while the core CPI increased by 3.1% year-on-year, below the expected 3.2%. This data release boosted market confidence, with tech stocks emerging as the main beneficiaries of the rebound.
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From an industry perspective, several sectors demonstrated powerful rebound momentum:
Independent Power Producers & Energy Traders led the way with a 6.25% increase. This sector's robust performance may be attributed to improved expectations for energy demand and optimistic profit outlooks for related companies. $Talen Energy Corporation(TLN)$ $Vistra Energy Corp.(VST)$ $Central Puerto S.A.(CEPU)$
Automobile Manufacturers saw a 4.56% gain, with 7 individual stocks rising by more than 3%. Tesla, as the industry leader, played a significant role in driving the sector's rebound, with a 7.59% increase on Wednesday. $PHOENIX MOTOR INC.(PEV)$ $Tesla Motors(TSLA)$ $Cenntro Electric Group Limited(CENN)$
Heavy Electrical Equipment posted a 4.47% increase, with 5 individual stocks rising by more than 3%. The rebound in this sector is likely driven by increased infrastructure construction demand amid global economic recovery expectations. $Brenmiller Energy Ltd(BNRG)$ $Ocean Power(OPTT)$ $GE Vernova Inc.(GEV)$
Semiconductors registered a 4.32% increase, with 12 individual stocks rising by more than 5%. Large semiconductor companies like NVIDIA performed strongly, with a 6.43% increase on the day, reflecting the market's strong appetite for tech stocks. $Rigetti Computing(RGTI)$ $Credo Technology Group Holding Ltd(CRDO)$ $美光科技(MU)$ $SEALSQ Corp(LAES)$ $SkyWater Technology, Inc.(SKYT)$ $POET Technologies Inc(POET)$ $SiTime Corp(SITM)$ $NVIDIA(NVDA)$
Looking at the weekly data, the sectors that have been relatively resilient include:
Crude Oil and Natural Gas Exploration and Production, with a 3.66% increase.
Integrated Oil & Gas, with a 2.09% increase.
Managed Healthcare, with a total increase of 0.83%.
Among them, 10 individual stocks in the crude oil and natural gas development industry still have a 5% increase. $Vista Energy(VIST)$ $Ring Energy Inc.(REI)$ $SandRidge Energy(SD)$
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- Twelve_E·03-14 14:35hope everything will be goodLikeReport