Sou Hu Cai Jing·2025-05-09 03:14Group 1 - The U.S. stock market saw a collective rise on May 8, with the Nasdaq index increasing by over 1%, and the Dow Jones and S&P 500 rising by 0.62% and 0.58% respectively, driven by President Trump's call for citizens to "buy stocks" and a new trade agreement between the U.S. and the U.K. [1] - The U.S.-U.K. trade agreement includes key concessions in the automotive, agricultural, and industrial sectors, with specific tariffs set for U.K. car exports and the complete removal of U.S. tariffs on U.K. steel and aluminum products [1] - Boeing announced a $10 billion order for wide-body aircraft from a U.K. airline, boosting confidence in the industrial sector and contributing to a more than 4% increase in Boeing's stock price [1] Group 2 - Major tech stocks, including Tesla and Nvidia, were central to the market's rise, with both seeing increases of over 3%, influenced by expectations of a shift in Federal Reserve monetary policy [2] - The U.S. core PCE price index for January fell to 2.6%, the lowest since June 2024, leading to a decline in long-term U.S. Treasury yields and reinforcing bets on potential interest rate cuts by the Federal Reserve in 2025 [2] - Trump's previous calls to "buy stocks" have historically led to short-term market spikes, but the long-term effects have often resulted in market corrections [3] Group 3 - There are concerns regarding the sustainability of the current market rally, as corporate earnings growth is slowing while valuations remain high, particularly among major tech companies [3] - The delayed effects of the Federal Reserve's monetary policy shift are becoming apparent, with high federal funds rates potentially increasing corporate financing costs and impacting tech companies' capital expenditures [3] - Global geopolitical risks and supply chain restructuring are expected to impact multinational companies' earnings, with the U.S.-U.K. trade agreement potentially exacerbating trade tensions with European allies [3]