#夏日创作营 US stocks fell across the board! Nasdaq plunges 1.4%, with only New Energy Chinese concept stocks trading independently

Full market data breakdown (after the close on July 18)
The three major indexes all move lower

1 Dow Jones Industrial Average: 52,146.42 points, down 0.77%, a daily decline of 406.55 points;
2 Nasdaq Composite: 25,520.24 points, down 1.40%, tech growth stocks under clear pressure;
3 S&P 500 Index: 7,457.69 points, down 1.01%, with sentiment across the market weakening.

Stock-specific performance is extremely polarized: 2,115 stocks rose throughout the day, while 3,797 fell—more than 60% of stocks closed green, showing a broad-based decline. (Red up, green down)

Performance of popular tech and ETFs
Storage leader Micron Technology edged down 0.50%;
Broad-based ETFs also fell in sync: S&P 500 ETF down 0.99%, Nasdaq 100 ETF down 1.50%, indicating a strong pullback in funds from the tech sector.

Sector strength against the trend: New Energy Chinese concept stocks
China’s PV and energy storage concept stocks became the safe haven, closing higher across the board:

- JinkoPower +3.00%
- Lu Jinbao +2.96%
- Trina Solar +1.85%
- Canadian Solar +1.42%
- Ganc +1.08%

2. The core reasons behind the broad weakness in US stocks

1 Tech sector valuation pressure
After a sustained rally driven by AI and memory chips, traders have built up large realized gains; funds lock in profits on strength, directly dragging down the Nasdaq Composite.
2 Global risk-off sentiment spreads
Japanese and South Korean equities saw consecutive declines, China’s A-share tech sector also sold off in tandem; global equities risk appetite cooled, and funds moved out of risk assets.
3 Overseas liquidity expectations are cautious
The market has disagreements over subsequent interest-rate policy, and high-valuation growth sectors bear the brunt of selling pressure first.

3. Key signals to interpret the split market

1 Short-term pressure on tech growth
The Nasdaq’s decline exceeds the Dow’s by far, suggesting funds prioritize selling high-valuation tech stocks; memory and AI hardware face near-term pullback pressure, implying A-share semiconductors and memory sectors are likely to stay weak tomorrow.
2 The defensive role of the new energy theme becomes prominent
PV Chinese concept stocks rose against the trend together; global capital is starting to favor a new-energy sector with strong fundamentals and more reasonable valuations, and China’s green power and PV sectors have some hedging opportunity.
3 Broad-based ETFs fall together—be cautious about catching the dip
The two major mainstream US equity ETFs weakened in sync; don’t jump into US stocks blindly just because of short-term oversold conditions—wait for sentiment to stabilize before considering staged allocation.