美股深夜下挫，英伟达跌4%，中概股飘红，黄金涨破3590美元

Economic Data and Market Reaction - The U.S. non-farm payroll data for August showed an increase of only 22,000 jobs, significantly below the market expectation of 75,000 [1] - The unemployment rate rose to 4.3%, marking the highest level since 2021 [1] - Following the release of the disappointing employment data, U.S. stock indices initially opened higher but later experienced a decline, with the Dow Jones falling by 0.82%, Nasdaq by 0.69%, and S&P 500 by 0.75% [1][2] Stock Performance - Notable stock movements included Tesla, which rose by 2.66%, while several Chinese concept stocks saw gains, with Alibaba initially increasing by nearly 3% before narrowing its gains [2][3] - The Nasdaq China Golden Dragon Index increased by 0.55%, and the Wande Chinese Technology Leader Index rose by 1% [1][2] Bond Market and Interest Rates - The yield on the 10-year U.S. Treasury bond fell by over 8 basis points to 4.08%, reaching a four-month low [11][14] - Following the weak labor market data, traders are betting on further interest rate cuts by the Federal Reserve, with a 100% probability of a rate cut expected in September [19][20] Commodity Market - Gold prices surged, reaching a record high of $3,590.93 per ounce, reflecting a 1.29% increase due to the disappointing non-farm payroll data [7] - The U.S. dollar index fell to 97.47, and crude oil prices also dropped, with WTI crude down by 2% to $62.17 per barrel [9][15] Economic Outlook - Analysts suggest that the weakening labor market and the potential for further monetary easing could provide some economic support in the latter half of the year [20] - Concerns remain regarding the sustainability of U.S. debt levels and the potential for rising bond yields in the future, as the market reassesses the risks associated with high debt and economic weakness [22][23]