Zheng Quan Shi Bao·2025-10-02 23:57Market Performance - The three major US stock indices experienced fluctuations during the trading session on October 2, ultimately closing higher, with the Dow Jones Industrial Average up 0.17%, the Nasdaq up 0.39%, and the S&P 500 up 0.06%, all reaching record closing highs [2] - Major technology stocks showed mixed results, with Meta and Broadcom rising over 1%, while Tesla fell more than 5% [2] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 1.06%, with most popular Chinese stocks increasing, including Century Internet up over 4%, Alibaba, NIO, and Kingsoft up over 3%, and Baidu up over 2% [4] - Bilibili and Li Auto rose over 1%, while Miniso fell over 3% [4] Federal Reserve and Economic Outlook - Federal Reserve official Goolsbee indicated that the Fed will make decisions based on existing information in the absence of official unemployment data, emphasizing the need to avoid premature rate cuts [4] - Analysts suggest that investors appear to bet on a short-term government shutdown, which is unlikely to have a severe impact on the US economy [4] Government Shutdown Implications - President Trump warned that a prolonged government shutdown could lead to layoffs and project cuts, following the Senate's rejection of funding bills that resulted in the federal government shutting down for the first time in nearly seven years [5] - Vice President Pence and White House spokesperson Levitt indicated that layoffs are likely to occur soon if the shutdown continues [5] Commodity Prices - International gold prices fell, with COMEX gold futures down 0.43% at $3880.8 per ounce, and COMEX silver futures down 1.7% at $46.87 per ounce [6] - International oil prices also saw a significant drop, with WTI crude oil futures falling over 2%, influenced by a report showing an increase in OPEC's oil production by 400,000 barrels per day to 29.05 million barrels per day in September [6]