Nvidia(US:NVDA) Mei Ri Jing Ji Xin Wen·2025-11-08 00:54Market Overview - The U.S. stock market experienced a "V-shaped reversal" as signs of progress emerged regarding the government shutdown, with the S&P 500 and Dow Jones Industrial Average turning positive by the end of the trading session [1] - The Nasdaq Composite Index fell by 0.21%, marking a weekly decline of 3.04%, while the S&P 500 rose by 0.13% with a weekly drop of 1.63%, and the Dow Jones increased by 0.16% with a weekly decrease of 1.21% [1] Company Performance - Nvidia, a leading player in AI trading, saw its stock drop nearly 5% during the day but managed to recover slightly before closing [5] - Microsoft faced its longest losing streak since November 2011, with its market capitalization shrinking by over $330 billion due to an eight-day decline [5] - Tesla's stock fell over 3%, resulting in a market value loss of $54.5 billion (approximately 388.2 billion RMB) [7] Chinese Stocks - The Nasdaq Golden Dragon China Index declined by 0.95%, with a weekly drop of 2.62%. Notable declines included XPeng Motors down over 6%, and other companies like NIO and Tencent Music falling more than 4% [8] Commodity and Cryptocurrency Markets - COMEX gold futures rose by 0.42% to $4007.8 per ounce, with a weekly increase of 0.28%, while silver futures increased by 0.57% to $48.225 per ounce, with a weekly rise of 0.13% [9] - Bitcoin has seen a significant drop of 9% this week, potentially marking its worst weekly performance since March [11] - The cryptocurrency market faced a substantial sell-off, with over 250,000 traders liquidated and approximately $619 million (around 4.4 billion RMB) lost [9][11] Consumer Confidence - U.S. consumer confidence has fallen to its lowest level in over three years, primarily due to concerns over the government shutdown and rising prices affecting personal financial expectations [12] - The preliminary consumer confidence index from the University of Michigan dropped from 53.6 to 50.3, the lowest since June 2022, with a significant decline in the current economic conditions index [13]