Sou Hu Cai Jing·2025-06-27 19:24Group 1: Market Performance - The US stock market showed strong momentum on June 27, with all three major indices opening higher, marking a significant recovery from earlier declines [1] - The S&P 500 index successfully surpassed its historical high from February 2025, while the Nasdaq Composite index exceeded its December 2024 high, recovering from a 27% decline earlier this year [1] - Nvidia's stock performed exceptionally well, achieving over a 1% increase and reaching a new all-time high, with its market capitalization surpassing $3.8 trillion, reclaiming the title of the world's most valuable company [1] Group 2: Sector Performance - Technology stocks, particularly in the semiconductor and AI sectors, were the primary drivers of the market's upward movement [1] - The Philadelphia Semiconductor Index rose by 0.7%, with ARM's stock increasing by over 3% and Intel's stock rising by over 2%, further solidifying the leading position of tech stocks in the market [1] Group 3: Investment Outlook - UBS Wealth Management expressed optimism about the US stock market, raising its year-end target for the S&P 500 index from 6,000 to 6,200 and its 2026 target from 6,400 to 6,500, citing strong long-term trends in AI development [3] - The adoption rate of AI among businesses has been increasing, rising from 5.7% in Q4 of the previous year to 9.2% in Q2 of this year, significantly outpacing historical performance in the e-commerce sector [3] Group 4: Economic Indicators - The core PCE price index for May was reported at an annual rate of 2.68%, exceeding market expectations and reaching its highest level since February 2025 [6] - Despite a 0.1% decline in personal spending, which is the largest drop since the beginning of the year, inflationary pressures remain a concern [6] - The Federal Reserve's internal divisions regarding the timing and extent of potential interest rate cuts are increasing, influenced by differing views on the impact of tariffs on inflation and labor market resilience [6]