海外市场丨美联储如期降息25个基点，但鹰派占据上风，关键指数涨幅回落

Core Viewpoint - The U.S. stock market showed mixed performance with the Nasdaq rising by 0.55%, while the Dow Jones fell by 0.16%, and the S&P 500 remained largely unchanged. The Federal Reserve's decision to cut interest rates by 25 basis points was met with caution from Chairman Powell regarding future rate cuts, leading to market volatility [1]. Group 1: Stock Market Performance - The Nasdaq index increased by 0.55%, while the Dow Jones experienced a slight decline of 0.16% [1]. - The S&P 500 index remained nearly flat, indicating a lack of strong directional movement in the broader market [1]. - Notable tech stocks showed varied performance, with Nvidia rising approximately 3% and surpassing a market capitalization of $5 trillion, while Apple and Tesla saw modest gains [1]. Group 2: Federal Reserve Actions - The Federal Reserve lowered interest rates by 25 basis points as expected, but Chairman Powell indicated that a rate cut in December is "far from certain," which has contributed to market fluctuations [1]. - The market is now focused on the Fed's policy direction for December and upcoming corporate earnings reports [1]. Group 3: Commodity Market Insights - The Nasdaq Golden Dragon China Index experienced a slight decline of 0.03%, with significant individual stock performance variations [1]. - Alibaba's stock rose nearly 2%, and Bilibili's stock increased by over 1% [1]. - In the commodities market, gold futures briefly fell below $3940 per ounce, while copper prices approached historical highs due to supply constraints, and aluminum reached a three-year peak [1]. Group 4: Market Outlook - Short-term market focus is shifting towards the Federal Reserve's December policy path and corporate earnings [1]. - If economic data confirms resilience in the labor market, expectations for further rate cuts may diminish [1]. - Tech stocks may face valuation pressures, and developments in U.S.-China meetings and tariff policies remain critical variables influencing risk appetite [1].