Shang Hai Zheng Quan Bao·2025-10-15 00:32Market Performance - The three major U.S. stock indices showed mixed results on October 14, with the Dow Jones Industrial Average rising by 202.88 points (0.44%) to close at 46,270.46, while the Nasdaq Composite fell by 172.91 points (0.76%) to 22,521.70, and the S&P 500 decreased by 10.41 points (0.16%) to 6,644.31 [3][6]. Earnings Reports - Major banks kicked off the earnings season, with Citigroup reporting Q3 revenue of $22.1 billion, a 9% year-over-year increase, and all five core business segments achieving record revenues for the quarter, leading to a nearly 4% rise in its stock price [5]. - Wells Fargo's Q3 revenue reached $21.44 billion, up 5.3% year-over-year, with net interest income slightly below market expectations at $11.95 billion. The bank anticipates Q4 net interest income to be between $12.4 billion and $12.5 billion, resulting in a 7.15% stock price increase, the largest single-day gain since November 2024 [5]. - JPMorgan Chase reported adjusted Q3 revenue of $47.12 billion and profit of $14 billion, both exceeding analyst expectations, yet its stock fell by 1.89% [6]. - Goldman Sachs posted Q3 net revenue of $15.18 billion, a 20% year-over-year increase, but its stock also declined by 2.04% [6]. Technology Sector - The technology sector saw most major stocks decline, with Nvidia down 4.4%, Tesla down 1.53%, Amazon down 1.67%, and Meta down 0.99%. However, Apple rose by 0.04%, Google A increased by 0.53%, and Microsoft fell by 0.09% [5]. - AMD's stock rose by 0.77% after announcing an expanded partnership with Oracle to deploy 50,000 GPUs starting in Q3 2026 [5]. Commodities - The rare earth sector experienced significant gains, with Critical Metals rising over 28% and American Resources increasing over 36% [7]. - Gold prices reached a peak of $4,170 per ounce before retreating, while silver prices hit a historical high of over $53 per ounce before falling below $51 [8][9]. Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated that the long-term asset balance sheet reduction plan may be nearing its end, with a focus on maintaining sufficient liquidity in the financial system [10][11]. - Market expectations suggest a nearly 98% probability of a 25 basis point rate cut at the upcoming Federal Reserve meeting [12].