2 1 Shi Ji Jing Ji Bao Dao·2025-10-16 15:24Market Overview - On October 16, major U.S. stock indices opened higher, with the Dow Jones up 0.21%, Nasdaq up 0.81%, and S&P 500 up 0.42% [1] Technology Sector Performance - Large-cap tech stocks saw significant gains, with Google rising over 2% to reach a historical high; the semiconductor sector also performed well, with the Philadelphia Semiconductor Index up 1.41% [3] - TSMC hit a historical high early in the session, although its gains narrowed quickly; Micron Technology surged over 6%, also reaching a historical high [3] - Notable increases were seen in other semiconductor stocks, including Nvidia, ASML, Intel, and Qualcomm, all rising over 1% [3] Chinese Stocks Performance - The Nasdaq China Golden Dragon Index was reported at 8242.03, down 0.13% [4] - Several Chinese companies, including iQIYI and NIO, experienced declines, with NIO's stock dropping over 8.99% amid allegations of securities fraud [5][6] Precious Metals Market - The international precious metals market saw strong gains, with spot gold rising over 60% year-to-date, reaching $4270 per ounce, and silver increasing over 80%, priced at $53.7 per ounce [8] - Platinum also performed well, surging over 4% to exceed $1700 per ounce [8] Economic Indicators - The Federal Reserve's Beige Book indicated that economic activity has shown little change, with some regions reporting slight to moderate growth while others noted a slowdown [13] - Analysts suggest that the Fed may consider further rate cuts, with a consensus forming around a potential 75 basis points reduction by the end of the year [14]