Feng Huang Wang·2025-10-29 22:08Market Performance - On October 29, U.S. stock indices showed mixed results, with the Dow Jones Industrial Average falling by 0.16% to 47,632 points, and the S&P 500 decreasing slightly by 0.3 points to 6,890.59 points, while the Nasdaq Composite reached a new all-time high, closing at 23,958.47 points, up 0.55% [1][2] - The Nasdaq Composite index has now closed at a record high for four consecutive trading days, even briefly surpassing the 24,000 mark during intraday trading [2] Federal Reserve Actions - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 3.75% to 4.00%, marking the second rate cut of the year, aligning with market expectations [4] - Fed Chairman Jerome Powell indicated significant internal disagreement regarding future rate actions, emphasizing that a December rate cut is "far from a done deal," which negatively impacted risk assets [4] Major Tech Stocks - Nvidia shares rose by 2.99% to $207.04, marking a new high and pushing its market capitalization above $5 trillion for the first time [5][6] - Apple also reached a new high, increasing by 0.26% to $269.70, with a market cap of $4.002 trillion, while Microsoft saw a slight decline of 0.10%, with a market cap of $4.025 trillion, resulting in three companies with market caps exceeding $4 trillion [5][6] Earnings Reports - Microsoft reported Q1 revenue of $77.67 billion, exceeding market expectations and showing an 18% year-over-year increase, with net profit of $27.747 billion, up 12% [11] - Alphabet's Q3 revenue reached $102.35 billion, also surpassing expectations with a 16% year-over-year growth [12] - Meta's Q3 revenue was $51.24 billion, a 26% increase year-over-year, but its earnings per share of $1.05 fell significantly from the previous year's $6.03 [13] - Starbucks reported Q4 net revenue of $9.6 billion, exceeding expectations, with same-store sales growth of 1% [14] - eBay's Q3 net revenue was $2.82 billion, above market expectations, with a forecast for Q4 revenue between $2.83 billion and $2.89 billion [15] Other Company News - Microsoft's CEO announced plans to continue increasing investments in artificial intelligence, focusing on both capital and talent to seize upcoming opportunities [16] - The Porsche-Piëch family is considering investing in Volkswagen's diesel engine business, valued at €6 billion [17] - Internal sources at JD.com clarified that recent rumors regarding penalties and competitive practices were related to pricing competition with Douyin [18]