Rally in the US market has stopped amid rising interest rates

The US stock market ended the day mixed: the Dow Jones Industrial Average closed with a slight decline, the Nasdaq Composite added 0.7%, and the S&P 500 remained almost unchanged from yesterday‘s level.

Nasdaq‘s growth was driven by continued purchases of shares in megacorporations, chip manufacturers, and growth companies; in particular, NVIDIA (NVDA) was among the leaders. 135,34, +5,41, +4,2%).

The Vanguard Mega Cap Growth ETF (MGK) gained 0.8%, the PHLX Semiconductor Index (SOX) rose 0.6%, and the Russell 3000 Growth Index rose 0.6%.

Interest in other market segments was weaker. The equally weighted S&P 500 index fell 0.6%. Bidders showed restraint in the face of the opinion that the market is overbought in the short term.

Additional pressure on stocks was exerted by monitoring the bond market: the yield on 10–year US government bonds increased by 3 basis points to 4.53%, and 2–year — to 4.05%.

The sharp fluctuations in individual stocks were caused by specific news. Super Micro Computer (SMCI 45.00, +6.11, +15.7%) grew significantly after concluding a $20 billion deal with the Saudi company DataVolt for the supply of GPU platforms.

Shares of American Eagle Outfitters (AEO 11.90, -0.82, -6.5%) fell after the withdrawal of the financial forecast amid economic uncertainty. Boeing (BA) also distinguished itself. 204,72, +1,30, +0,6%), The company’s securities grew after Qatar Airways announced an order for up to 210 wide-body aircraft, which became a record order of this type in the company‘s history.

Our portfolio – index FTinvest 11 also took a break today, retreating below 740. The total decrease for the day was 0.68%, the index closed at 734.61.