Di Yi Cai Jing Zi Xun·2025-10-29 01:21Market Performance - US stock indices reached new historical highs, with the S&P 500 rising 0.23% to 6890.89 points, the Nasdaq up 0.80% to 23827.49 points, and the Dow Jones increasing by 161.78 points or 0.34% to 47706.37 points [1] - Nvidia's stock surged 4.98%, reaching a market cap of $4.94 trillion, with a single-day market value increase of over $230 billion [1] - Microsoft shares rose 1.98% following a restructuring agreement with OpenAI, which now holds 27% of the company [1] - Apple’s stock saw a slight increase of 0.07%, briefly surpassing a market cap of $4 trillion, joining Nvidia and Microsoft in the "4 trillion club" [1] Earnings Outlook - Investors are focused on upcoming quarterly earnings reports from major tech companies, including Apple, Microsoft, Alphabet, Amazon, and Meta, assessing their investments in AI and capital expenditures [2] - The S&P 500 companies have reported an expected 10.5% year-over-year earnings growth for Q3, surpassing previous expectations of 8.8% [2] Bond and Commodity Markets - The yield on the US 10-year Treasury bond fell by 1.2 basis points to 3.981%, while the 2-year yield remained unchanged at 3.496% [3] - International oil prices continued to decline, with WTI crude oil futures down 1.89% to $60.15 per barrel and Brent crude down 1.65% to $63.83 [3] - COMEX gold futures decreased by 0.91%, settling at $3983.1 per ounce [3] Corporate Developments - Amazon plans to cut up to 30,000 corporate jobs, representing 10% of its corporate workforce, as part of cost-cutting measures following over-hiring during the pandemic [13] - Nvidia announced a $10 billion investment in Nokia to enter the telecommunications sector and revealed progress in its chip and quantum computing businesses [13][14] - Microsoft signed a new agreement with OpenAI for an additional $250 billion in Azure services, supporting the establishment of a nonprofit board for OpenAI [13]