（一）重要市场新闻 1、美股高开高走，三大指数均涨超1%，纳指涨1.37%，道指涨1.12%，标普500指数涨1.07%；大型科 技股普涨，苹果涨约4%，创历史新高；奈飞涨超3%，英特尔、Meta涨超2%，特斯拉、谷歌、亚马逊 涨逾1%，微软小幅上涨；英伟达小幅下跌。纳斯达克中国金龙指数涨2.39%，中概股多数上涨，爱奇艺 涨超8%，蔚来涨近5%，金山云涨超4%，阿里巴巴涨近4%，哔哩哔哩、百度涨近2%。 1、10月20日，可重复使用火箭朱雀三号首飞箭顺利完成加注合练及静态点火试验，进入首飞关键准备 阶段，为今年正式入轨发射及一级回收开展各项准备。朱雀三号是我国面向大型星座组网任务，自主研 制的一款大运力、低成本、可重复使用的液体运载火箭，可在执行轨道发射任务后自主高精度返回，在 回收场实现软着陆并重复使用。近期我国商业航天卫星密集发射，北京时间2025年10月19日11时33分， 力箭一号遥八运载火箭在东风商业航天创新试验区发射升空，将搭载的巴基斯坦遥感卫星02星、中科卫 星03星和04星共3颗卫星顺利送入预定轨道。 点评：近期我国航天领域频繁传来震撼消息，商业航天高密度的发射节奏，显示出我国卫星互联网建设 ...

Core Insights - The head of internet research at Evercore ISI, Mark Mahaney, discusses the current state of consumer internet stocks, noting a major rerating and a dramatic rally over the past three years [2] - Mahaney identifies Meta as a strong compounder with a reasonable valuation, while Amazon is highlighted as a potential dislocated stock despite recent outages [3][4] Group 1: Market Trends - The consumer internet sector has experienced significant growth, with notable entry points earlier in the year for companies like Uber and Google [2] - There is a scarcity of dislocated high-quality stocks in the internet and tech space currently, with few trading significantly below their recent highs [7] Group 2: Company Performance - Amazon Web Services (AWS) has faced outages, which could impact its competitive position against rivals like Google Cloud and Azure, although Mahaney believes the recent outage will not have a long-term effect [8][10] - Major tech companies, including Microsoft, Amazon, Google, and Meta, have seen improvements in revenue and operating income per employee, attributed to aggressive headcount management and AI deployment [10] Group 3: Valuation Insights - Mahaney emphasizes the importance of fundamentals, focusing on revenue and operating income per employee, which he refers to as return on AI spend [9][10] - Valuations for companies like Google and Meta are considered reasonable, trading at a modest premium to the market, contrasting with the high PE multiples seen during the dot-com bubble [11][12]

| 名称 | 现价 涨跌幅 | | --- | --- | | 道琼斯工业平均 | 46706.58c 515.97 1.12% | | 纳斯达克指数 | 22990.54c 310.57 1.37% | | 标普500 | 6735.13c 71.12 1.07% | 昨夜，美股、黄金，集体收涨。 当地时间10月20日，纳指涨1.37%，道指涨1.12%，标普500指数涨1.07%。 大型科技股普涨，苹果涨近4%，创历史新高；Meta涨超2%，特斯拉、谷歌、亚马逊涨逾1%，微软小幅上涨；英伟达小幅下跌。 | 代码 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | --- | | AAPL | 苹果(APPLE) | 262.240 | 3.94% | | AMZN | TT 马逊(AMAZON) | 216.470 | 1.61% | | GOOG | 谷歌(ALPHABET)-C | 257.020 | 1.27% | | META | 脸书(META PLATFORI | 732.390 | 2.16% | | MSFT | 微软(MICROSOFT) | 516.830 | ...

欧元区蓝筹股指涨1.3%，创收盘历史新高，英飞凌和德国军工股RHM涨超5%领跑。意大利银行板块收 涨超2%，德国股指涨1.8%，法国股指逼近历史最高位。 大型科技股普遍上涨，英伟达跌0.32%，微软涨0.63%，苹果涨3.94%，谷歌涨1.28%，亚马逊涨1.61%， Meta涨2.13%，特斯拉涨1.85%。 热门中概股集体上涨，纳斯达克中国金龙指数涨2.39%，阿里巴巴涨3.84%，京东涨2.09%，拼多多涨 2.40%，蔚来涨4.59%，小鹏汽车涨1.23%，理想汽车涨0.09%，哔哩哔哩涨1.85%，百度涨1.76%，网易 涨3.13%，腾讯音乐涨1.70%，小马智行涨1.76%。 美东时间周一，随着贸易形势缓和，加上苹果股价大涨的助攻，三大指数均涨超1%，重回历史高位附 近。截至收盘，道琼斯指数涨1.12%，报46,706.58点；标普500指数涨1.07%，报6,735.13点；纳斯达克 指数涨1.37%，报22,990.54点。 根据德意志银行最新测算，若金价突破每盎司5790美元，黄金将与美元在全球储备中平分秋色，各占 36%，实现历史性超越。这一价格仅比当前水平高出约33%。 过去六个月金价 ...

美东时间周一，随着贸易形势缓和，加上苹果股价大涨的助攻，三大指数均涨超1%，重回历史高位附近。截至收盘，道琼斯指数涨1.12%，报46,706.58 点；标普500指数涨1.07%，报6,735.13点；纳斯达克指数涨1.37%，报22,990.54点。 欧元区蓝筹股指涨1.3%，创收盘历史新高，英飞凌和德国军工股RHM涨超5%领跑。意大利银行板块收涨超2%，德国股指涨1.8%，法国股指逼近历史最高 位。 《 全球储备资产大变局：央行"买买买"，若黄金突破5790美元，将超越美元地位 》华尔街见闻 大型科技股普遍上涨，英伟达跌0.32%，微软涨0.63%，苹果涨3.94%，谷歌涨1.28%，亚马逊涨1.61%，Meta涨2.13%，特斯拉涨1.85%。 热门中概股集体上涨， 纳斯达克中国金龙指数涨2.39% ，阿里巴巴涨3.84%，京东涨2.09%，拼多多涨2.40%，蔚来涨4.59%，小鹏汽车涨1.23%，理想汽车 涨0.09%，哔哩哔哩涨1.85%，百度涨1.76%，网易涨3.13%，腾讯音乐涨1.70%，小马智行涨1.76%。 现货黄金在尾盘加速上涨，日内涨幅一度扩大至3.0%，COMEX黄金期货涨幅更 ...

returns since 2022 bottom:Nvidia: 1465%Bitcoin: 500%Google: 145%Gold: 135% https://t.co/4jaADNUKBK ...

Welcome back to Market on Close. Shares of Alphabet hit a new record today after Bank of America raised its price target on shares to $280, up from $252. Also maintaining its buy rating ahead of the company's earnings, which are due out on October 29th.BFA also raised its revenue estimates for the upcoming quarter after checks pointed to third quarter ad spending ahead of expectations. Alphabet is up about 35% so far this year. Now it's time for Options Corner of course talking Alphabet all things Google to ...

The blizzard of paperwork is a byproduct of two consolidated lawsuits accusing The litigation, brewing for more than three years, has had to overcome numerous hurdles, including the liability shield that has protected social media platforms from facing user-harm lawsuits. The social media companies have filed multiple motions to dismiss the cases on the grounds that Section 230 of the Communications Decency Act prevents them from being held accountable for content posted on their sites.Those motions have b ...

Core Insights - Alphabet's shares have outperformed both the S&P 500 and the Magnificent 7 this year, indicating strong market performance [1] - Oppenheimer analysts favor Alphabet over Meta, setting a price target of $300 for Alphabet and $825 for Meta, reflecting a preference for Alphabet's more conservative estimates and lower valuation [2][6] Performance Comparison - Both Alphabet and Meta have shown strong performance, surpassing the Magnificent 7 ETF and the S&P 500 [1] - Despite the overall success of the Magnificent 7, three of the stocks within this group have underperformed the S&P 500 year-to-date, suggesting a need for selective investment [3][4] Analyst Recommendations - Oppenheimer's analysts believe that Alphabet's shares present a friendlier valuation and more conservative street estimates compared to Meta [2][6] - The analysts express a bullish outlook on Alphabet in the near term, while remaining positive about Meta's long-term potential in AI [4] Market Trends - There is a noted increase in market breadth, with more stocks outside the Magnificent 7 contributing to the index's performance, indicating a healthier market environment [5] - Rising valuations among companies and clarity on tariffs and interest rate cuts could positively impact the U.S. equities market, which has lagged behind European markets [7]

Group 1: US-Australia Critical Minerals and Defense Cooperation - The US and Australia have signed a Critical Minerals Framework, committing to jointly invest over $3 billion in critical mineral projects, with estimated recoverable resources valued at $53 billion [2][9] - The Export-Import Bank of the United States is issuing Letters of Interest for over $2.2 billion in financing, potentially unlocking up to $5 billion for critical minerals and supply-chain security projects [3][9] - Australia is enhancing defense cooperation by purchasing $1.2 billion in unmanned underwater vehicles and $2.6 billion in Apache helicopters, alongside a $1 billion contribution to modernize the US submarine industrial base [4][9] Group 2: Wall Street Market Trends - Wall Street indexes experienced a rebound, driven by significant gains in major technology stocks as investors adopted a "buy the dip" strategy following recent market volatility [5][9] - Apple shares rose 4.3% to a record high, with other tech giants like Meta and Netflix also seeing gains, contributing to the Philadelphia Semiconductor Index reaching an all-time high [6][7] - The Dow Jones Industrial Average increased by 0.80%, the S&P 500 by 0.99%, and the Nasdaq Composite by 1.37%, indicating a return of investor confidence as the CBOE Volatility Index fell [7][9]