US EQUITY OPEN: Risk-on trade post Memorial Day; Semiconductors drive gains, with MU hitting new record high
Newsquawk ·
OPEN: Stocks open higher after a long weekend due to Memorial Day. Sector upside is led in Tech, Materials, and Industrials, whilst Energy, staples and Healthcare lag. The risk-on mood comes after a deluge of updates over the weekend and on Monday which have leaned on the constructive side regarding US-Iran. A finalised agreement appears days away, with Fars now reporting that the last major disagreement between Iran and the United States over starting negotiations relates to Iran's blocked resources. Lower oil prices have weighed on energy stocks, though US and Israeli jets struck Iranian vessels in the Strait of Hormuz, which has left oil recouping some of Monday's losses. Resilience in the USD is present, strengthening against major peers as yields across the globe ease. The post-Waller hawkish reaction has seen some fading now, with only 18bps of hikes priced in vs the full 25bps that was seen shortly after he spoke. On AI, semiconductors (SMH +3.4%) see strong gains with Micron (M
AI 시장 분석
US stocks opened higher in a risk-on mood after the Memorial Day weekend, with Tech, Materials, and Industrials leading gains while defensive sectors lagged. Semiconductors, particularly Micron, saw strong gains driven by AI, and the US dollar strengthened. Constructive updates on US-Iran relations also contributed to the positive market sentiment.
상승 영향
- Technology — Led market gains amid a broad risk-on sentiment, reflecting improved investor confidence and growth expectations.
- Semiconductors — Experienced strong growth, with Micron (MU) hitting a new record high, primarily driven by increasing demand and advancements in AI technology.
- Materials — Benefited from the overall risk-on environment and expectations of economic recovery, signaling positive outlooks for industrial activity.
- Industrials — Showed strength as investor interest shifted towards cyclical sectors amid strengthening risk-on sentiment and hopes for economic reopening.
- AI — Served as a key catalyst for the strong performance of the semiconductor sector, indicating continued growth potential for related technologies and industries.
- US Dollar — Strengthened against major peers despite easing global yields, reflecting safe-haven demand and confidence in the US economic outlook.
하락 영향
- Energy — Initially weighed down by lower oil prices and geopolitical uncertainties, leading to underperformance in a risk-on market.
- Crude Oil — Faced initial downward pressure from lower prices, negatively impacting the energy sector, although some losses were recouped due to geopolitical tensions.
- Consumer Staples — Lagged as investors shifted from defensive sectors to growth-oriented assets in a risk-on market environment.
- Healthcare — Underperformed as the risk-on sentiment led investors to favor growth and cyclical stocks over defensive healthcare sectors.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 41% · Bearish (Short) 59%
355 participants
Related News
- PBoC Anticipated to Fix USD/CNY Mid-Point at 6.6951
- US Treasury Chief Bessent Cites Productive Talks with China on Trade and AI
- Trump Predicts Tight Midterm Race as Markets Look Ahead to Key 2026 Events
- US and China Discuss Potential LNG Tariff Cuts Ahead of Xi Visit
- Week in Focus: September 21-25, 2026 Financial Markets Preview
- Treasuries Erase Post-BoJ Gains to Settle Lower Amid Rising Oil Prices
