On October 6, according to BIT (bit.com) market data, U.S. stocks closed on Monday with the Dow Jones Industrial Average up 0.18%, the S&P 500 up 0.67%, and the Nasdaq up 1.05%, reaching a new high. Large tech stocks continued to support the index performance, with SpaceX rising nearly 8%, Tesla, Nvidia, and Broadcom each up over 2%, and Meta up 1.9%. TSMC's ADR rose 2.75%, briefly surpassing a market capitalization of $2.5 trillion and setting a historical high. However, most semiconductor stocks declined, with Intel, Qualcomm, ARM, ASML, and AMD all closing lower, and the Philadelphia Semiconductor Index rising by less than 0.3%. While the indices rose, market breadth continued to deteriorate. Monday marked the 15th consecutive trading day where the number of stocks hitting new lows exceeded those hitting new highs. Fundstrat data shows that only about 20% of Russell 3000 constituents are above the 50-day moving average, and the proportion above the 200-day moving average has dropped to just over 40%, the lowest level this year. Goldman Sachs indicated that some fundamental long-short funds are reducing risk exposure, with overall net positions at about the 2nd percentile of the past five years. In the bond market, the yields on 10-year and 30-year U.S. Treasuries rose to 5.34% and 5.70%, respectively, both reaching their highest levels since 2002. The U.S. ISM Services PMI for September fell to 54.9, but the services price index rose from 72.6 to 74.0, a four-year high, reinforcing market concerns about inflationary pressures and the duration of high interest rates.