Zhi Tong Cai Jing·2025-09-04 23:53Market Overview - The three major U.S. indices closed higher, with the Dow Jones up 350.06 points (0.77%) at 45621.29, the Nasdaq up 209.97 points (0.98%) at 21707.69, and the S&P 500 up 53.82 points (0.83%) at 6502.08 [1] - Initial jobless claims in the U.S. rose to 237,000, the highest level since June, indicating a cooling labor market [1] European Market - The German DAX30 index rose by 165.61 points (0.70%) to 23766.14, while the UK FTSE 100 index increased by 33.76 points (0.37%) to 9211.75 [2] - The French CAC40 index fell by 20.79 points (0.27%) to 7698.92 [2] Asia-Pacific Market - The Nikkei 225 index increased by 1.53%, and the KOSPI index rose by 0.52%, while the Indonesian Composite index decreased by 0.23% [3] Commodities - Crude oil prices fell, with NYMEX light crude down $0.49 to $63.48 per barrel (0.77%) and Brent crude down $0.61 to $66.99 per barrel (0.90%) [3] - Gold prices decreased, with spot gold down 0.40% to $3545.26 per ounce and COMEX gold futures down 0.95% to $3601.00 per ounce [5] Cryptocurrency - Bitcoin fell by 1.09% to $110,522.36, and Ethereum dropped over 2.9% to $4,321.99 [4] - Nasdaq is increasing scrutiny on cryptocurrency investments by its listed companies, reflecting growing regulatory concerns [4] Macro News - The U.S. private sector added 54,000 jobs in August, which is about half of the previous month's increase, indicating a cooling job market [6] - The Federal Reserve is expected to lower interest rates by 0.25 percentage points in its upcoming meeting due to concerns over a weakening job market [6][7] Company News - Intel's CFO stated that 2026 will be a critical turning point for the company's manufacturing technology, determining whether to advance to a more advanced process technology [10] - Google announced a commitment of $150 million over the next three years to support AI education and digital health development [11] Ratings Changes - UBS lowered the target price for C3.ai from $23 to $16 [12] - Bernstein raised the target price for TSMC from $249 to $290 [12]