Zhi Tong Cai Jing·2025-09-24 12:04Market Overview - US stock index futures are all up, with Dow futures rising by 0.17%, S&P 500 futures up by 0.23%, and Nasdaq futures increasing by 0.34% [1] - European indices are down, with Germany's DAX down 0.31%, UK's FTSE 100 down 0.21%, France's CAC40 down 0.57%, and the Euro Stoxx 50 down 0.31% [2][3] - WTI crude oil has increased by 1.10% to $64.11 per barrel, while Brent crude oil is up by 1.08% to $68.36 per barrel [3][4] US Market Sentiment - The S&P 500 index has experienced a remarkable period of stability, with no single-day drop exceeding 2% for 107 consecutive trading days, marking the longest such period since July 2024 [5] - Despite various risks, including trade tensions and economic slowdown, the S&P 500 has surged by 34% since early April, adding nearly $16 trillion in market capitalization [5] Federal Reserve Insights - Three Federal Reserve officials have expressed support for a shift from a fixed 2% inflation target to a range-based target, indicating potential changes in monetary policy [6] - Market participants are reducing expectations for future interest rate cuts, with current bets suggesting only a 25 basis point cut in 2025, contrasting with previous expectations of a 50 basis point cut by year-end [7] Company Developments - OpenAI is investing approximately $400 billion to develop five new data center sites in the US, part of a broader commitment to invest $500 billion in AI infrastructure [8] - Alibaba's stock has surged to a four-year high, with Ark Investment Management re-entering its position in the company, reflecting optimism about its AI transformation [9] - Micron Technology has provided an optimistic outlook for Q1, expecting revenues of approximately $12.5 billion, exceeding analyst expectations [10] - Boeing is collaborating with Palantir to integrate AI into its defense and aerospace manufacturing processes, highlighting the growing importance of AI in the defense sector [11]