[New York Stocks] Three Major Indexes Rise in Early Trading... Microsoft, Amazon, TSMC Rally

December retail sales flat at 0%...well below expectations
Confirms inflation burden on consumers
Focus turns to this week's jobs data and CPI

The three major U.S. stock indexes in New York opened higher on the 10th (local time). In early trading, the S&P 500 Index and the Nasdaq Composite initially moved sideways but then settled into positive territory.

As of 9:55 a.m. on the New York Stock Exchange, the blue-chip Dow Jones Industrial Average was up 321.18 points (+0.64%) from the previous session at 50,457.05. The large-cap S&P 500 Index was up 14.20 points (+0.20%) at 6,979.02, while the tech-heavy Nasdaq Composite was trading 9.28 points higher (+0.04%) at 23,247.95.

At this hour, gains in financials and technology stocks are standing out on the Dow. Goldman Sachs is up 1.40%, Travelers Companies 1.38%, Microsoft 1.28%, American Express 1.22%, Walt Disney 1.02%, Nvidia 0.89%, JPMorgan Chase 0.88%, and UnitedHealth Group 0.50%.

On the S&P 500 Index, notable gainers include Datadog (+15.97%), Marriott International (+9.06%), Masco (+8.63%), Hasbro (+7.29%), Dell Technologies (+3.79%), and Lululemon (+3.78%). On the Nasdaq Composite, Queen's Therapeutics (+97.77%), ABPRO Holdings (+49.86%), Ichor Holdings (+26.30%), and Datadog (+15.77%) were among the top performers.

Among the largest U.S. stocks by market capitalization, Apple is up 0.19%, Amazon.com 1.32%, and TSMC 1.47%. In contrast, Nvidia is down 0.50%, Alphabet (Class A and C) 1.72%, Meta 0.33%, Walmart 0.07%, and Eli Lilly 0.82%.

In recent days, concerns over artificial intelligence (AI) have been a key theme in the market. Software-related stocks that had been declining on worries about AI-driven market disruption have managed to rebound. JPMorgan Chase strategists assessed that software stocks have room to recover because the market has already priced in unrealistic short-term innovation from AI.

Retail sales for December released on this day unexpectedly came in flat. Retail spending, not adjusted for inflation, showed little change after a 0.6% increase in November. A breakdown by category showed declines in 8 out of 13 components.

According to the data, households remain dissatisfied with the still-high cost of living, and concerns about the labor market continue. Chris Zaccarelli, chief investment officer at North Lake Asset Management, said, "The consumption indicators reflected consumer sentiment, and it is not moving in a good direction," adding, "The data show that consumers are no longer increasing their spending."

Meanwhile, the two indicators with the greatest impact on the market, employment data and the Consumer Price Index, are scheduled to be released on the 11th and 13th, respectively. Last week's initial jobless claims are also drawing market attention.

This content was produced with the assistance of AI translation services.