Recent US stock market performance can be described as a tale of two extremes. The overall market rebounded and closed positively, with the technology and consumer sectors performing particularly well, and small-cap stocks experiencing a strong rally.

In terms of leading the gains, Google's parent company Alphabet saw its stock price surge, with its market capitalization surpassing the $4 trillion mark—an milestone figure. The driving force behind this comes from Apple officially announcing the integration of Siri with the Gemini AI model, accelerating AI capabilities' penetration into the consumer sector. Another major news is Walmart's official inclusion in the Nasdaq 100 index, which not only reflects the retail giant's enhanced market position but also suggests its valuation may be re-rated.

However, not all sectors are enjoying the sunshine. The financial services sector has become a clear drag. Stocks of internet finance platforms such as Upstart, Affirm, and SoFi declined, mainly due to regulatory proposals to set the credit card interest rate cap at 10%. If implemented, this policy would directly compress the interest margin space for banks and consumer finance companies, posing a substantial challenge to the profitability of the entire lending sector. Investors are beginning to reassess the earnings outlook for financial institutions, which explains why these companies' stock prices are under pressure.

Overall, this rebound exhibits clear structural characteristics: technology and consumer upgrades are favored, while interest rate-sensitive financial sectors face adjustment pressures.