Zhong Guo Ji Jin Bao·2025-09-20 00:54Market Performance - The three major U.S. stock indices reached new all-time highs, with the Dow Jones Industrial Average up 0.37% to 46,315.27 points, the S&P 500 up 0.49% to 6,664.36 points, and the Nasdaq up 0.72% to 22,631.48 points [3] - For the week, the Dow rose 1.05%, the S&P 500 increased by 1.22%, and the Nasdaq gained 2.21% [5] Federal Reserve Insights - Market expectations for further monetary easing have increased, with the probability of a 25 basis point rate cut at the October meeting rising to 89.8% from 87.4% [6] - Federal Reserve Governor Milan expressed his independent decision-making regarding interest rates, advocating for a 50 basis point cut instead of 25 [5] Commodity Market Trends - The precious metals market saw a strong overall performance, with the Philadelphia Gold and Silver Index rising 4.76% to 283.70 points, surpassing the previous record of 277.84 points [12][13] - Spot gold increased by 1.11% to $3,684.80 per ounce, while COMEX gold futures also rose by 1.11% to $3,719.30 per ounce [13] - Oil prices fell for the third consecutive day, with WTI crude oil futures down 1.4% to $62.68 per barrel [13] Company-Specific Developments - Apple CEO Tim Cook addressed concerns regarding the high prices of the new iPhone, clarifying that the price increase was not due to Trump's tariff policies [9] - OpenAI plans to lease backup servers from cloud service providers, with expected expenditures of around $1 trillion over the next five years, in addition to $3.5 trillion from 2025 to 2030 [9] - Wayve, a UK-based autonomous driving startup, announced a strategic investment of $500 million from NVIDIA [9] Stock Performance - Semiconductor stocks mostly declined, with the Philadelphia Semiconductor Index down 0.76% [10] - Major tech stocks saw gains, with Apple up over 3%, Tesla up over 2%, and Microsoft nearly 2% [10]