Mei Ri Jing Ji Xin Wen·2025-10-20 16:43Market Overview - The three major U.S. stock indices opened higher, with the Dow Jones up 0.76%, Nasdaq up 1.36%, and S&P 500 up 0.95% as of the report time [1] - Major tech stocks saw significant gains, with Apple rising over 4% to reach a historical high, driven by strong early sales of the iPhone 17 series, which outperformed the iPhone 16 series by 14% [4] - The Philadelphia Semiconductor Index surged by 2.21%, reaching a historical high, with Micron Technology and other semiconductor stocks also experiencing substantial gains [8] Economic Context - Kevin Hassett, Director of the White House National Economic Council, indicated that the government shutdown is likely to end within the week, with moderate Democrats expected to reach a consensus [2] - The government shutdown has entered its 20th day, affecting approximately 1,400 employees at the Department of Energy's National Nuclear Security Administration, marking the first unpaid leave since the agency's establishment in 2000 [2] - Federal Reserve Chairman Jerome Powell expressed concerns about the impact of the shutdown on economic data collection, particularly for October, which could complicate the Fed's dual mandate of boosting employment and stabilizing inflation [4] Earnings Season - The earnings season for U.S. stocks is set to peak in the next two weeks, with Tesla being the first of the "Tech Seven" giants to report its third-quarter results, followed by Apple, Microsoft, Amazon, Meta, and Google [14] Commodity Market - International gold prices rose significantly, with London gold increasing by 2.23% to $4,345 per ounce, and COMEX gold up over 3.61% to $4,365 per ounce [19][20] - Crude oil prices experienced a drop of about 2% but later recovered, with WTI crude oil at $56.40 and Brent crude at $60.42, reflecting a decline of approximately 1.31% and 1.42% respectively [19][20]