Di Yi Cai Jing Zi Xun·2025-09-24 23:24Market Overview - US stock market experienced a decline for the second consecutive day, with the Dow Jones falling by 171.50 points (0.37%) to 46121.28, the Nasdaq down 0.34% to 22497.86, and the S&P 500 decreasing by 0.28% to 6637.97 [2] - The materials sector led the decline, while the energy sector rose due to a significant increase in oil prices [2] Key Company Performances - Tesla shares increased by 4.0%, while Microsoft rose by 0.2%. In contrast, Amazon fell by 0.2%, Apple and Nvidia dropped by 0.8%, and Google decreased by 1.8% [2] - Oracle's stock fell by 1.7% amid reports of the company planning to raise $15 billion through bond issuance [2] Economic Data - The Nasdaq China Golden Dragon Index rose by 2.8%, with Alibaba increasing by 8.2%, JD.com and Baidu rising over 5%, and Pinduoduo up by 1.9%. However, NetEase saw a decline of 1.8% [3] - In August, new home sales in the US increased by 20.5% from July, reaching an annualized total of 800,000 units, surpassing market expectations [3] - The Mortgage Bankers Association reported a 0.6% increase in mortgage applications due to a decline in the average rate for 30-year fixed mortgages [3] Federal Reserve Insights - Fed Chair Jerome Powell's cautious remarks have injected a degree of caution into the market, particularly regarding the labor market, leading some investors to take profits [3] - Powell indicated that asset prices appear to be at "relatively high valuation levels," and emphasized the need for a balance between addressing inflation risks and labor market weaknesses [3][4] - San Francisco Fed President Mary Daly suggested that further rate cuts may be necessary due to slowing economic growth and consumer spending [4] Bond Market - The yields on long-term US Treasury bonds have risen, with the 10-year yield increasing by 3.1 basis points to 4.14%, and the 2-year yield rising by 3.2 basis points to 3.60% [4] Commodity Market - International oil prices reached a seven-week high, with WTI crude oil rising by 2.49% to $64.99 per barrel and Brent crude increasing by 2.48% to $69.31 per barrel [5] - Gold prices fell from record highs, with COMEX gold futures for September delivery dropping by 1.28% to $3732.10 per ounce [5]