Sou Hu Cai Jing·2025-10-10 23:05Market Overview - On October 10, U.S. stock markets experienced a significant decline, with the Dow Jones falling by 878.82 points (1.9%), the Nasdaq dropping by 820.20 points (3.56%), and the S&P 500 decreasing by 182.60 points (2.71%). This marked the largest single-day drop for the Nasdaq and S&P 500 since April [1][2]. Technology Sector - Major technology stocks saw widespread declines, with Broadcom down nearly 6%, Tesla falling over 5%, and Amazon dropping close to 5%. Notably, Nvidia's stock price fell to $183.16, resulting in a market capitalization loss of $228.7 billion (approximately 1.63 trillion yuan) [2]. Semiconductor and Cryptocurrency Stocks - The Philadelphia Semiconductor Index plummeted by 6.32%, with significant losses in stocks such as Circle (down over 11%), Arm (down over 9%), and AMD, Qualcomm, and Coinbase each down over 7%. Bitcoin also saw a sharp decline, dropping below $110,000 with a 24-hour decrease of 9.16% [4][5]. Commodity Markets - COMEX gold futures rose by 1.58% to $4,035.5 per ounce, marking a weekly increase of 3.15%. In contrast, WTI crude oil futures fell by 4.24% to $58.90 per barrel, with a weekly decline of 3.25% [7]. Consumer Confidence and Economic Indicators - The preliminary consumer confidence index from the University of Michigan for October was reported at 55, the lowest since May, slightly above the forecast of 54.2. The index reflects mixed sentiments regarding personal financial situations and future economic conditions [11].