Zheng Quan Shi Bao·2025-09-18 23:55Market Overview - US stock market experienced a strong rebound, with major indices reaching all-time highs, driven by a surge in semiconductor stocks and positive market sentiment following anticipated interest rate cuts by the Federal Reserve in 2025 [1][3][6] Economic Data - The US Department of Labor reported that initial jobless claims for the week ending September 13 were 231,000, lower than the expected 240,000, indicating a return to a normal range after a spike [4] - Despite the drop in initial claims, the number of continuing claims remains above 1.9 million, highlighting challenges in the labor market, with the average duration of unemployment rising to 24.5 weeks, the longest since April 2022 [4] Federal Reserve's Monetary Policy - Analysts predict that the Federal Reserve will continue its easing cycle, with expectations of two additional 25 basis point rate cuts in October and December, as labor demand cools and core inflation slows [5][6][7] - Goldman Sachs and other financial institutions emphasize that the Fed's current stance reflects concerns over the labor market and inflation trends, suggesting a gradual approach to monetary policy easing [6][7] Sector Performance - Semiconductor stocks saw significant gains, with the Philadelphia Semiconductor Index rising by 3.6%, and Intel's stock soaring over 22%, marking its largest single-day gain since October 1987 [3] - Cryptocurrency-related stocks also performed well, with Bullish rising over 20% after reporting a profitable quarterly result, indicating a positive trend in the sector [3]