Nvidia(US:NVDA) Feng Huang Wang Cai Jing·2025-10-28 22:53Market Performance - The three major U.S. stock indices continued to rise, with the Dow Jones Industrial Average up 0.34% to 47,706.37 points, the S&P 500 up 0.23% to 6,890.89 points, and the Nasdaq Composite leading with a 0.8% increase to 23,827.49 points, all reaching new highs based on previous records [1] - Nvidia, referred to as the "global stock king," saw a notable performance with its stock price rising 4.98% to $201.03, bringing its total market capitalization close to $4.9 trillion, continuing to drive momentum in the tech sector [1] Chinese Stocks Performance - The performance of popular Chinese stocks diverged from the broader U.S. market, with most stocks closing lower, and the Nasdaq China Golden Dragon Index falling 1.23% [2] - Notable declines included Alibaba, Ctrip, Baidu, Li Auto, and Manbang, all dropping over 1%, while New Oriental's decline exceeded 3%. In contrast, Futu surged over 3% and XPeng rose over 1%, marking them as rare gainers [2] Federal Reserve and Economic Outlook - The global financial market is currently experiencing a "super central bank week," with the highly anticipated Federal Reserve meeting taking place from October 28 to 29, where a rate decision is expected to be announced [2] - The market widely anticipates a 25 basis point rate cut, lowering the federal funds rate target range to 3.75%—4% [2] - President Trump publicly criticized Federal Reserve Chairman Powell, labeling him as "incompetent," and indicated that Powell's term would end in May next year, suggesting a change in leadership [3] - The U.S. Treasury Secretary is set to present a list of potential candidates for the new Fed chair to Trump after Thanksgiving, with the candidate pool narrowed down to five individuals [3] - Current economic analysis suggests a stable inflation environment, with expectations for further rate cuts this year, as the overall economic conditions reflect "moderate inflation + weakening employment" [3]