Market Overview - The US stock market experienced a broad decline on Thursday, driven by credit losses in regional banks and escalating trade tensions [1] - The regional bank sector fell nearly 4%, with Zions Bancorporation reporting unexpected losses of approximately $50 million in its California division [2] - The 10-year US Treasury yield dropped to its lowest level since April, closing at 3.976% [3] - Spot gold prices surged past $4,300 per ounce, marking a nearly 2.5% increase and setting a new historical high [3] Sector Performance - The Dow Jones Industrial Average closed down 301.07 points, or 0.65%, at 45,952.24 points, while the S&P 500 fell 41.99 points, or 0.63%, to 6,629.07 points [1] - Within the S&P 500, 10 out of 11 sectors declined, with the financial sector leading the drop at 2.75% [1] - Notable declines in technology stocks included Tesla down 1.47%, Meta down 0.76%, and Apple down 0.76%, while Nvidia rose 1.10% [1] Regional Banks - Zions Bancorporation's stock plummeted 13% following the announcement of significant loan losses, contributing to a collective decline in regional banks [2] - Western Alliance's shares fell 10.8% after the bank announced a fraud lawsuit against a borrower [2] - The KBW Regional Bank Index recorded its largest single-day drop in nearly four months, down nearly 4% [2] Economic Indicators - Analysts noted that the asset quality pressures on regional banks are becoming evident amid prolonged high interest rates and slowing economic growth [2] - Market volatility has increased due to uncertainties in trade policies, prompting investors to reassess economic growth risks [2] Federal Reserve Insights - Federal Reserve Governor Christopher Waller indicated a preference for a 25 basis point rate cut in the upcoming October meeting, contingent on labor market data [3] - The market anticipates a 25 basis point cut as nearly certain, with only a 3.2% probability for a 50 basis point reduction [3]
地区性银行股价大跌！美股三大指数收跌，黄金突破4300美元再创纪录
Di Yi Cai Jing·2025-10-16 23:32