Data as of: 08:00 Beijing Time | Corresponding to US Stock Trading Day August 18


1. Overnight US Stocks

Overnight, the three major US stock indices collectively closed lower for the second consecutive trading day, led down by tech stocks and AI concept stocks.

Dow Jones Index: approximately -0.1%

S&P 500: approximately -0.5%

Nasdaq Composite Index: approximately -1.3%

The market was mainly affected by rising US Treasury yields, concerns over AI high valuations, and geopolitical uncertainties. Tech stocks were clearly under pressure, with NVIDIA down about 2.5%, Micron Technology down 5.9%, and Broadcom down 3.7%.

The US 10-year Treasury yield rose to approximately 4.71%, and the high interest rate environment continues to pressure high-valuation growth stocks. Meanwhile, Brent crude oil remained around $91 per barrel, with inflationary pressure from energy prices still a market focus.

2. Perpetual Contract Market
 

Note: Reference prices and price changes are based on the corresponding US stock regular trading session on August 18; 24h trading volume refers to Savicoin’s TradFi perpetual contract rolling 24-hour trading data. Price discrepancies may exist between different markets and platforms.

3. Market Observation

On August 18, US stocks continued their adjustment trend, but compared to the previous trading day, market pressure clearly concentrated on large tech and AI sectors.

The Nasdaq Composite Index fell about 1.3%, significantly weaker than the Dow and S&P 500. Chip stocks were the main drag, with Micron, NVIDIA, Broadcom, and other AI and semiconductor-related assets broadly declining.

On one hand, the market worries that some AI stocks have become overvalued after sustained gains; on the other hand, US long-term Treasury yields remain elevated, exerting further pressure on growth tech stock valuations.

4. Key Asset｜NVDAUSDT

NVIDIA experienced a notable pullback on August 18, with its stock price dropping about 2.5% that day.

Following a sustained rally in the AI and semiconductor sectors, the market saw clear profit-taking, with core AI stocks like NVIDIA, Micron, and Broadcom weakening simultaneously.

Currently, US Treasury yields remain elevated, and high-valuation tech stocks are more sensitive to interest rate changes. Short-term traders should closely monitor NVDA’s subsequent price fluctuations and trading activity after the US market opens.

5. Focus for Today

Earnings Reports

August 19 marks the start of a busy US retail earnings season, with key companies to watch:

Pre-market:

Target (TGT)

Lowe’s (LOW)

TJX Companies (TJX)

Analog Devices (ADI)

Retail earnings will provide further clues for the market to assess US consumer spending conditions.

Macroeconomic Events

Federal Reserve July FOMC Meeting Minutes

Release time: 02:00 Beijing Time on August 20

This is a key macro event to watch on August 19. The market will focus on the Fed’s further commentary on inflation, employment, and the future interest rate path.

At the July meeting, the Fed held rates steady, but three members supported a rate hike, so the minutes may further influence market expectations for September’s rate policy.

6. Today’s Timeframe Tips

US Stock Trading Hours | Beijing Time 21:30–04:00

During the main US stock trading hours, price discovery and market liquidity are usually more sufficient.

Pre-market and After-hours | 16:00–21:30 / 04:00–08:00

Market liquidity is relatively lower, and bid-ask spreads for some assets may widen.

US Stock Market Closed Period

US stock perpetual contracts may continue trading, but since the corresponding spot stock market is closed, pay attention to liquidity changes and the risk of price gaps when the next trading day opens.

Today’s focus: FOMC meeting minutes, US retail earnings, and price performance of major AI/tech stocks like NVDA.

7. Risk Warning

US stock perpetual contracts are leveraged trading products; sharp market price fluctuations may lead to partial or total loss of principal.

During US pre-market, after-hours, market closed periods, and around major events such as earnings and macroeconomic data releases, market liquidity and prices may change significantly. Please manage your positions and leverage reasonably and conduct proper risk management.

8. Disclaimer

The information contained in this article is for market information reference only and does not constitute any investment advice, trading advice, offer, or commitment.

Relevant market data comes from public markets, Binance Futures, and the Savicoin platform; differences in price, statistical periods, and data delay may exist between sources. Users should independently assess market risks and bear their own trading risks.

Savicoin Team