The three major U.S. stock indexes collectively rose, $Nasdaq Composite Index (.IXIC.US)$ Up 0.55%,$S&P 500 Index (.SPX.US)$Up 0.33%, $Dow Jones Industrial Average (.DJI.US)$ Up 0.18%.

After Trump won the presidential election in the USA in November, the US stock market rebounded widely. However, in recent times, the US stock market seems to have returned to a narrow trend dominated by Technology.

Joe Mazzola, Chief Trading and Derivatives Strategist at Charles Schwab, said: "The breadth of the market we observed is indeed starting to dissipate. The rise in US stocks is becoming more concentrated on a few stocks. I don't know how long this situation can last, but I estimate it will last at least until the end of this year."

This week there will be a series of important central bank meetings, including policy meetings from the Federal Reserve, Bank of Japan, and Bank of England. The market expects that policymakers in the USA and Sweden will cut interest rates, while central banks in Japan, the United Kingdom, and Norway may keep rates unchanged.

The Federal Reserve will convene its meeting first on Wednesday, Eastern Time, with the market expecting a 96% probability of a 25 basis points rate cut to a new range of 4.25%-4.50%. More importantly, the Federal Reserve may provide guidance on future easing policies, including predictions for interest rates in the coming years in the "dot plot."

JPMorgan economist Michael Feroli said, "We expect the updated dot plot to show a median expectation of three rate cuts next year, rather than four as predicted in September."

Due to robust economic data and the potential for President-elect Trump's tax cuts and trade plans to push government borrowing and exacerbate inflationary pressures, market expectations for the low point to which rates might drop have been continuously adjusted downwards.

Swap market traders currently expect the Federal Reserve to cut rates about three times by 25 basis points over the next 12 months, whereas a week ago, the market expected the probability of four rate cuts to exceed 50%.

Marija Veitmane, Senior Multi-Asset Strategist at State Street, stated: "The central bank's rate cuts in 2024 will be helpful while the economy remains strong." Looking ahead, "we need to rely on corporate profitability, as well as which areas are experiencing the fastest growth. In the USA, we can still see robust growth."

Focus on individual stocks

Growth Tech Stocks generally strengthened, $Broadcom (AVGO.US)$ rising nearly 9%, accumulating a rise of over 35% in the last two trading days; $Alphabet-C (GOOG.US)$ with an increase of over 2%, $Tesla (TSLA.US)$ and rising nearly 2%, with stock prices reaching all-time highs; $Apple (AAPL.US)$ And follow the rise, $NVIDIA (NVDA.US)$ Fell over 2% against the market.

Cryptos concept stocks rose strongly, $Bitdeer Technologies (BTDR.US)$ Increased by nearly 17%, $Hut 8 (HUT.US)$ Increased by more than 9%, $MARA Holdings (MARA.US)$ Increased by over 7%. $Coinbase (COIN.US)$ is up over 4%, $MicroStrategy (MSTR.US)$ Increased by more than 3%.

Most AI application stocks rose. $Asana (ASAN.US)$ Increased by nearly 8%, accumulating over 70% increase in the past 7 trading days; $Applovin (APP.US)$ is up over 4%, $Snowflake (SNOW.US)$ 、 $DocuSign (DOCU.US)$ Increased by over 1%.

In terms of individual stocks, $WISeKey (WKEY.US)$ Soaring nearly 50% again, the company will collaborate with SpaceX, owned by Musk, to launch a satellite, having previously risen over 200% in the last two days.

$Super Micro Computer (SMCI.US)$ Falling over 4%, the company has been removed from$NASDAQ 100 Index (.NDX.US)$the component stocks.

$Micron Technology (MU.US)$ Increased by over 7%, the company will disclose its performance after the market closes on December 18 Eastern Time.

Editor/Somer