Ge Long Hui·2025-05-07 23:05Market Overview - US stock indices closed higher, with the Dow Jones up 0.7%, Nasdaq up 0.27%, and S&P 500 up 0.43% [1] - The yield on the US 10-year Treasury fell to 4.27%, a decrease of 0.698% [1] - The VIX index dropped 4.89% to 23.55, indicating reduced market volatility [1] - Brent crude oil fell 1.68% to $60.97, while spot gold decreased by 1.93% to $3364.32 per ounce [1] - The US dollar index rose by 0.65% to 99.9 [1] Federal Reserve - The Federal Reserve maintained the federal funds rate target range at 4.25%-4.5%, aligning with market expectations [2] Industry & Stocks - Most sectors in the S&P 500 saw gains, with semiconductors up 1.75%, technology up 1%, and healthcare up 0.77%. However, materials, communications, and real estate sectors declined by 0.55%, 0.18%, and 0.07% respectively [3] - Chinese concept stocks mostly fell, with KWEB down 2.83%, Alibaba down 3.47%, and Pinduoduo down 1.73%. However, TSMC rose 1.31% and Li Auto increased by 2.38% [3] - Major tech stocks had mixed results, with Nvidia up 3.1% and Amazon up 2%. In contrast, Google fell 7.51% and Apple dropped 1.14% [4] Key Focus - US Treasury Secretary Yellen announced that talks with China will begin on Saturday, indicating the discussions are just the starting point and not in-depth negotiations [5] - A report from the Consumer Technology Association predicts that tariffs could increase prices of laptops and smartphones by over 30% if exemptions are not granted [6] - Citic Securities plans to allocate investment banking personnel to Hong Kong in anticipation of a potential influx of Chinese concept stocks returning to the market [7] - The Trump administration is reportedly planning to lift AI chip restrictions imposed during the Biden era, which has faced opposition from major tech companies [8][9] - Apple plans to add AI search functionality to its browser, while also considering partnerships with AI companies [9] - Novo Nordisk reported a 19% increase in Q1 net sales to 78.087 billion Danish Krone, with its weight loss drug Wegovy sales soaring by 85% [10][11] - Disney's Q2 revenue reached $23.62 billion, exceeding expectations, while Uber's Q1 revenue grew 14% to $11.53 billion but fell short of market forecasts [13][14]