The tug-of-war in the U.S. stock market: growth and value

Against the backdrop of economic uncertainty, U.S. stock indexes have performed unevenly. The S&P 500 remains resilient due to strong performance in tech and healthcare stocks, while the Dow is under pressure from industrial and financial stocks. The Nasdaq has performed well driven by big tech stocks. Slowing inflation eased concerns about interest rate hikes, but strong labor data delayed expectations for interest rate cuts. Sector differentiation has intensified, growth stocks are booming driven by earnings, while value stocks are dragged down by concerns about global demand. International situation and trade tensions have exacerbated investors' caution and affected defensive position allocation. The future market direction depends on inflation trends, Federal Reserve policies and corporate profits.