Shopee Seller Version Index hits a new high for five consecutive days

July 27 Shopee Seller Version Market Dynamics: S&P 500 rises for five consecutive days, technology stocks diverge

I. Overall market performance

The S&P 500 index hit a record high for the fifth consecutive trading day, reflecting the market's optimism about the soft landing of the economy and corporate earnings.

The Dow Jones Industrial Average rose slightly, supported by financial and industrial stocks.

The Nasdaq Composite Index rose slightly, affected by the divergence of technology giants.

2. Technology stocks diverge

Company Shopee Seller Version Performance Key Drivers

Microsoft (MSFT) +2.1% - Azure AI service demand is strong, and it has won a large cloud contract

- Deepening cooperation with OpenAI, the market is optimistic about AI monetization capabilities

Tesla (TSLA) +3.5% - Musk revealed that the progress of Robotaxi testing exceeded expectations

- Model Y production capacity in China factory increased, and Q3 delivery expectations were raised

Meta (META) -1.8% - Reels advertising growth slowed down, and the market was worried about short video competition (TikTok, YouTube Shorts)

- Metaverse department losses widened

Shopee Seller Version (AMZN) -0.9% - AWS growth was slightly lower than expected, and some customers turned to multi-cloud strategies

- Retail sector profit-taking after Prime Day

3. Analysis of market influencing factors

Macro positive

Fed rate cut expectations: CME FedWatch shows that the probability of a rate cut in September has risen to 75%, boosting risk assets

Strong corporate earnings: About 72% of the S&P 500 stocks that have released earnings exceeded expectations (FactSet data).

Industry rotation

AI and semiconductors continue to lead the gains (Nvidia +1.5%, AMD +2.3%), while some high-valuation growth stocks have pulled back.

Funds flow to defensive sectors: Utilities (XLU +1.2%) and healthcare (XLV +0.8%) are favored.

Geopolitical and policy risks

Progress in US-EU tariff negotiations eases trade concerns, but the decline in Meta and Shopee Seller Version reflects the market's continued sensitivity to regulation (such as digital taxes and antitrust).

4. Outlook for the future

Short-term: If the Fed's July meeting releases a dovish signal, technology stocks may regain momentum, but be wary of valuation bubbles (Nasdaq forward PE is about 28x).

Long-term: AI investment mainline (Microsoft, Google) and consumer electronics cycle (Apple, Qualcomm) are still the focus, but the differentiation of individual stocks will intensify.

Recommended to watch:

July 31: Shopee Seller Version, Apple earnings report; Federal Reserve interest rate decision.

August 2: US non-farm payroll data (Shopee Seller Version affects the pricing of the September rate cut).