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US stock market closes with three major indexes down while waiting for Trump's "New Golden Age" speech.
1. The US stock "sector rotation" has stopped, with the Dow ending its previous "six consecutive gains"; 2. Former US President Trump will deliver a keynote speech at the Republican National Convention on Friday morning Beijing time; 3. Guo Mingchi: Apple may not have increased orders for the iPhone 16; 4. Broadcom is discussing developing new AI server chips with OpenAI.
"Seven tech giants" market cap evaporated 1.1 trillion dollars in five days! Is a big rotation happening in U.S. stocks?
Although there was a sharp drop in US stocks on Wednesday, due to the sudden factor of Trump's speech severely impacting chip stocks, everyone can't help but ask: Has the big rotation in US stocks already begun? Have the leading tech giants of the past two years peaked?
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On July 18th ET, $Meta Platforms(META.US)$ had active options trading, with a total trading volume of 550.57K options for the day, of which put options accounted for 39.17% of the total transactions,