Nvidia(US:NVDA) Di Yi Cai Jing Zi Xun·2025-10-29 22:37Market Overview - The Federal Reserve lowered the overnight benchmark interest rate by 25 basis points to a range of 3.75% to 4%, marking the second rate cut of the year [2] - Fed Chair Jerome Powell indicated that a further rate cut in December is not guaranteed, highlighting strong internal disagreements among committee members regarding future policy direction [2] - The 10-year U.S. Treasury yield rose by 7.4 basis points to 4.056%, while the 2-year yield increased by 9.2 basis points to 3.585%, reflecting market reactions to Powell's statements [2] Company Performance - Nvidia's stock surged by 3.0%, pushing its market capitalization above $5 trillion, making it the first U.S. company to reach this milestone [3] - Seagate Technology's shares rose by 19.1% after reporting Q3 revenue of $2.63 billion, a 21% year-over-year increase, and providing better-than-expected guidance for Q4 [3] - Mondelez International's stock fell by 3.9% due to a decline in gross margin for Q3 and a lowered full-year earnings outlook [4] Sector Movements - The storage sector showed strength, with Seagate's performance positively impacting Western Digital and SanDisk, which both saw increases of over 8% [3] - The Nasdaq China Golden Dragon Index experienced a slight decline of 0.03%, with Alibaba and Baidu seeing gains, while JD.com and NetEase faced minor losses [5] - International oil prices saw a slight increase, with WTI crude rising by 0.55% to $60.48 per barrel and Brent crude up by 0.81% to $64.92 per barrel [5] Commodity Trends - Gold prices initially rose due to rate cut expectations but later fell back, with COMEX gold futures trading at approximately $3,950 after earlier gains [6]