Technology stocks lead the rally, with the S&P 500 and Nasdaq continuing to break records.

Wall Street closed the May 1st session with mixed results, as the S&P 500 and Nasdaq continued to reach new highs thanks to positive earnings results, while the Dow Jones edged lower due to pressure from energy and industrial stocks.

Wall Street was mixed on May 1st as strong inflows into technology stocks helped the S&P 500 and Nasdaq reach all-time highs, while the Dow Jones experienced slight downward pressure.

Trading on May 1st (US time) on the US stock market saw mixed performance across key indices, clearly reflecting the divergence in capital flows as the first-quarter earnings season enters its peak. Growth continued to be driven by technology stocks and positive expectations for corporate earnings, while the energy and industrial sectors acted as drag on the market.

At the close of trading, the S&P 500 rose 21.11 points, or 0.3%, to a record high of 7,230.12. The Nasdaq Composite surged even more, adding 222.13 points (0.9%) to 25,114.44, also its all-time high. Conversely, the Dow Jones Industrial Average fell 152.87 points (0.3%) to 49,499.27. The Russell 2000, a small-cap index, rose 0.5% to 2,812.82.

Notably, the S&P 500 and Nasdaq have extended their winning streaks to 5–6 consecutive weeks, indicating that investor optimism remains dominant. According to international news outlets such as Reuters, AP News, CNN, and Investopedia, the US stock market is heading towards new record highs as more and more companies report better-than-expected earnings results.

Technology stocks continued to lead the market. In particular, Apple shares rose more than 3% after announcing earnings results that far exceeded analysts' forecasts. The positive performance of this tech giant created a ripple effect, driving capital into growth stocks.

In addition, consumer businesses like Estée Lauder also recorded positive results, further bolstering investor confidence in the health of the economy . Statistics show that approximately 83% of companies in the S&P 500 exceeded profit forecasts, while 78% exceeded revenue expectations.

Notably, first-quarter earnings for S&P 500 companies rose nearly 28% year-on-year, the highest growth rate since late 2021. This is seen as a crucial foundation for the market to maintain its upward trend, despite concerns related to interest rates and geopolitical risks.

In contrast to the surge in technology stocks, energy stocks came under pressure as oil prices cooled after a period of rapid growth. This meant that major players like Exxon Mobil and Chevron, despite reporting high profits, were unable to maintain their stock price increases.

The weakness in the energy sector, combined with the poor performance of some industrial stocks, dragged the Dow Jones index down. This clearly reflects the shift of capital towards high-growth sectors, particularly technology and consumer goods.

Besides corporate factors, the macroeconomic environment also played a significant supporting role for the market. The yield on 10-year US Treasury bonds fell to around 4.38%, thereby reducing pressure on capital costs and improving stock valuations.

Furthermore, falling oil prices have eased inflation concerns, while some manufacturing data suggests the US economy is maintaining growth momentum, albeit with signs of slowing. These factors reinforce expectations that the world's largest economy could experience a "soft landing" in its monetary tightening cycle.

However, analysts warn that inflationary pressures have not completely disappeared, especially given the ongoing geopolitical tensions in the Middle East, which pose significant risks. This could lead the Federal Reserve to maintain a cautious monetary policy for longer than expected.

Overall, the May 1st trading session further reinforced the upward trend of the US stock market, primarily driven by positive earnings results and expectations of stable economic growth.

However, as we enter May, a period often associated with the seasonal "Sell in May" phenomenon, the market may face more unpredictable fluctuations. Factors such as the Fed's interest rate policy, employment data, and geopolitical developments will continue to be important variables influencing market trends.

With indices at historical highs, investors are advised to maintain caution and closely monitor earnings season developments and monetary policy signals to formulate appropriate strategies. Differentiation between sectors is likely to remain a prominent feature of the market in the coming period.

Source: https://thoibaonganhang.vn/co-phieu-cong-nghe-dan-song-sp-500-va-nasdaq-tiep-tuc-pha-ky-luc-181383.html