[NYSE Close] Dow Surges Over 1% to 52,747 Level... Nasdaq Slightly Down on Semiconductor Weakness

On the morning of the 29th, the U.S. New York stock market closed mixed across major indices. The Dow Jones Industrial Average soared more than 500 points from the previous trading day, closing with a gain of over 1%, while the Nasdaq Composite slipped slightly, dragged down by weakness in the semiconductor sector.

■ Strong Earnings from Large Blue-Chip Stocks... Dow Closes at the 52,747 Level The Dow's rally on this day was driven by a string of better-than-expected earnings results, particularly from large blue-chip stocks. The index demonstrated strength, finishing at the 52,747 mark.

In contrast, the Nasdaq was pulled lower as major semiconductor stocks such as AMD, Teradyne, and Micron declined, affected by a broader sell-off across Asian markets. Analysts attribute this partly to some investors moving to lock in profits, given that valuations in the semiconductor sector had become significantly inflated on AI-related expectations.

■ Market on High Alert for July FOMC and Big Tech Earnings Investors' attention has already shifted to the next major events. The Federal Reserve (Fed) will conclude its two-day July FOMC meeting and announce its benchmark interest rate decision on the 29th (local time). While the market currently widely expects the rate to remain frozen at 3.50–3.75%, the key variable will be what signals Fed Chair Jerome Powell delivers regarding the future direction of monetary policy during his press conference.

Furthermore, this week is heavily packed with Big Tech earnings reports. Microsoft and Meta Platforms are scheduled to release their earnings after the market close, followed by earnings announcements from Apple and Amazon. Whether AI investments will be sustained and the capital expenditure plans of these major companies are expected to determine the future direction of the broader semiconductor and Big Tech sectors.

※ This article was written with the assistance of AI. Investors are strongly advised to verify any subsequent disclosures, earnings reports, and follow-up information, and to approach the market with caution. This article is intended solely as a reference for investment decisions and does not constitute a recommendation to buy or sell any specific stocks.