#美联储联邦公开市场委员会决议 On Friday, the US stock market opened with a typical divergence trend. The Dow Jones Industrial Average rose modestly by 0.2%, but the Nasdaq Index fell by 0.46%, and the S&P 500 also weakened by 0.17%. This divergence reflects investors' cautious attitude ahead of the release of key economic data.

The financial sector has become the key to supporting the Dow. Citigroup rose by 1.3%, and JPMorgan Chase recently upgraded it from "Neutral" to "Overweight," as investors are optimistic about the improving interest rate environment and the expectation of a soft landing for the economy, which continues to drive bank stocks.

In contrast, tech stocks performed poorly. Broadcom, a leading company in semiconductors and AI hardware, dropped over 7% at the open. The company warned that its gross margin for the first fiscal quarter might be dragged down by changes in its AI product portfolio, with a contraction of about 1%. Once this news came out, the market began to reassess the profitability outlook for AI-related companies, and concerns quickly spread across the entire tech sector.

In simple terms, today is a process of reallocation of funds between cyclical stocks and growth stocks. The non-farm payroll data will be released tonight, which will directly influence the Federal Reserve's policy direction and determine the market's upcoming volatility. Signs of style rotation have already appeared, and investors in assets like $BTC , $ETH , and $SOL should closely monitor these macro signals.