1. On November 2nd, the Nasdaq Composite Index closed down 1.07%, the S&P 500 Index closed down 0.51%, and the Dow Jones Industrial Average closed up 0.41%. The difference between the S&P 500 equal-weighted index and the market capitalization-weighted index widened compared to the previous trading day, approaching the upper limit of its one-year fluctuation range.
2. The Russell 2000 small-cap index closed down 0.21%, performing between the three major indices; after giving back gains since April in October, it rebounded 5.6%, but has shown a tendency to return to a downward trend in recent days.
3. Overall, the breadth of the US stock market has improved slightly, but the overall rebound momentum remains weak, and it is still in a phase of market rotation.
-------- Note: If the difference between the S&P 500 equal-weighted index and the S&P 500 market capitalization-weighted index decreases, it indicates that market capital concentration has increased, with tech giants (such as the "Seven Sisters") absorbing a large amount of capital. If the difference becomes negative, it indicates excessive capital concentration, and the risk of a market crash should be noted. If the gap between the indices widens, it indicates that the upward momentum in the market may be spreading to more companies, and the market is expected to move towards a broad-based rally.
