Sou Hu Cai Jing·2025-08-29 00:14Core Viewpoint - Federal Reserve officials support a 25 basis point rate cut in September, indicating a shift towards a more accommodative monetary policy to prevent labor market deterioration and to guide inflation back to the 2% target [13]. Group 1: Market Performance - The Dow Jones Industrial Average and S&P 500 index both reached record closing highs, with the Dow up 0.16% at 45,636.9 points and the S&P 500 up 0.32% at 6,501.86 points [1]. - The Nasdaq also saw a slight increase of 0.53%, closing at 21,705.16 points [1]. - Major tech stocks mostly rose, with the US Tech Giants Index increasing by 0.47% [2]. Group 2: Individual Stock Movements - Google (Alphabet) rose over 2%, Amazon increased by more than 1%, Apple by nearly 1%, and Microsoft by 0.57%, while Nvidia fell by 0.82% and Tesla dropped over 1% [5][6]. - Among Chinese concept stocks, the Nasdaq Golden Dragon China Index rose by 0.14%, while the Wande Chinese Tech Leaders Index fell by 0.01% [7]. Group 3: Chinese Concept Stocks - Meituan fell by 4.78%, Alibaba by 2.18%, and JD.com by 1.40%, leading the decline in the Wande Chinese Tech Leaders Index [10]. - Notable gainers included NetEase, which rose by 2.35%, Baidu by 1.24%, and Xiaomi by 1.15% [10]. - Ctrip Group surged nearly 15%, while Newegg fell over 18% [10]. Group 4: Federal Reserve Insights - Federal Reserve Governor Waller emphasized the need for immediate action to lower rates, citing labor market and inflation data as supportive of this move [13]. - Morgan Stanley's Chief Investment Officer Lisa Shalett noted that while the market anticipates an over 80% chance of a rate cut in September, the actual likelihood may be closer to 50% due to strong economic indicators [15][16].