As inflationary pressures continued to slow, U. S. stocks ushered in a long-lost rebound at the beginning of the year, with the three major indexes rising across the board. At the close of trading on January 30, the Nasdaq was up nearly 9% this month, the S & P 500 was up more than 4%, and the Dow was up nearly 2%. In terms of the plate, technology and consumer stocks took the lead, leading the market.

In terms of individual stocks, large technology stocks began a strong rise.$Tesla (TSLA.US)$The tired increase is over 35% this month.After the announcement of strong fourth-quarter resultsWall Street analysts have also spoken long, and Tesla, Inc. has become one of the hottest options trading targets on Wall Street. According to FactSet, 64 per cent of Tesla, Inc. analysts gave his shares a "buy" or "overweight" rating, the highest buy rating ratio ever recorded by Tesla, Inc..

Multinational e-commerce$Shopify (SHOP.US)$It's up nearly 36% this month.The company said prices for its basic, intermediate and advanced services would rise for the first time in more than a decade. It is worth noting that Shopify Inc's share price fell 74.8% in 2022, but Baillie Gifford has been increasing its stake in the company.

Chip stocks rose collectively, and a number of stock prices rebounded sharply. Benefiting from the explosion of ChatGPT, the stock price plummeted because the game card business was hit by mining cards.$NVIDIA (NVDA.US)$The share price has risen 35% so far this year, and the market capitalization has returned to $500 billion at one point.General Mizuho$Broadcom (AVGO.US)$、$NVIDIA (NVDA.US)$和$Qualcomm (QCOM.US)$Listed as the first choice for the semiconductor industry in 2023.

In addition$Taiwan Semiconductor (TSM.US)$、$Salesforce (CRM.US)$Both are up about 25%.

Chinese stocks also performed well at the beginning of the year.$Alibaba (BABA.US)$It has risen by over 26% this month.JPMorgan Chase & Co expects BABA's profit growth to recover strongly in fiscal year 2024. With the full liberalization of the prevention and control of the domestic epidemic and the accelerated recovery of the economy, large banks frequently sing more about Chinese assets and look forward to the Internet stocks in the capital market.

On the other hand, sectors such as health care, industry and energy performed poorly, with weaker stocks performing as follows:

Looking forward to the future, Goldman Sachs Group analysts believe that this round of rally in US stocks will continue until mid-February. Scott Rubner, an analyst with Goldman Sachs Group's sales and trading department, has accurately predicted the direction of the market over the past month, and Scott said in its latest report on Monday that due to the "return of share buybacks" and "stocks do not fall because of bad news, it is usually a bullish signal", the current rally is likely to continue until mid-February.

Xiaomo strategists warned investors not to catch up, and the rally in U. S. stocks at the beginning of the year is fading. JPMorgan Chase & Co strategist Marko Kolanovic believes that stock market investors should move against the trend because he believes share prices may fall in the coming months as the risk of recession intensifies. After the stock market rebounded in early 2023, "the recession risk is delayed, not gone," a team of strategists led by Kolanovic wrote in a note to clients on Monday. "the fundamentals of the next rally may not be there, but the market may suffer from weak earnings, activity and capital spending." Kolanovic reiterated the view made by JPMorgan Chase & Co's Mislav Matejka on Sunday that there are still downside risks in the stock market, as the Fed is likely to keep interest rates high for some time as the economy slows and corporate profits fall.

Edit / emily