Broadcom(US:AVGO) Di Yi Cai Jing Zi Xun·2025-09-06 00:40Market Overview - US stock market opened high but closed slightly lower, with major indices fluctuating due to mixed economic signals and expectations of Federal Reserve rate cuts [2][4] - Dow Jones Industrial Average fell by 220.43 points to 45400.86, a decrease of 0.48%; S&P 500 dropped by 20.58 points to 6481.50, down 0.32%; Nasdaq Composite decreased by 7.3 points to 21700.39, down 0.03% [2] Employment Data - August non-farm payrolls increased by only 22,000, significantly below the expected 75,000, with the unemployment rate rising to 4.3%, the highest since 2021 [4] - Bill Merz from Bank of America noted that the employment report confirms a slowing labor market, providing justification for potential rate cuts by the Federal Reserve [4] Sector Performance - Bank stocks led declines, with the S&P 500 bank index down 2.4%; real estate sector benefited from rate cut expectations, with the S&P real estate index up 1% [3] - Large tech stocks showed mixed results; Google rose over 1% to a new all-time high, while Microsoft fell over 2.5% and Amazon and Netflix dropped more than 1% [3] Chip Sector Highlights - Broadcom's stock surged over 9.4% to a new high after exceeding earnings expectations and announcing a partnership with OpenAI for AI chip production [3] - Micron Technology rose over 5%, while ASML and TSMC increased by more than 3%; however, Nvidia fell nearly 3% and AMD dropped over 6% [3] Commodity Market - International oil prices declined, with WTI crude oil futures down by $1.61 to $61.87 per barrel, a drop of 2.54%; Brent crude futures fell by $1.49 to $65.50 per barrel, down 2.22% [5] - COMEX gold futures rose by $46.60, or 1.29%, to $3653.3 per ounce, driven by weakened employment data reinforcing rate cut expectations [5]