The U.S. stock market close on December 8 was quite interesting—the three major indexes collectively weakened, but there was a severe divergence within tech stocks.

Tesla was downgraded by Morgan Stanley and plunged over 3%, and Google also lost 2%. On the contrary, Broadcom rose against the trend by 2%, and Nvidia and Microsoft barely held onto 1% gains. Things got even more dramatic after hours: the chip sector suddenly rallied collectively, with Nvidia and AMD both surging over 2%, clearly showing that capital is betting on future market expectations.

At the sector level, precious metals and automakers led the decline; meanwhile, crypto mining companies and storage concept stocks topped the gainers list—the strength of miners somewhat reflects the market’s optimistic sentiment toward the digital asset cycle. Chinese stocks were lackluster, with the Golden Dragon Index edging up 0.08%, and individual stocks showed mixed performance with no clear direction.

$BTC $ETH