创新高！美股暴涨，出现罕见“冰火两重天”

Market Overview - On November 12, the U.S. stock market exhibited a rare divergence, with the Dow Jones Industrial Average rising nearly 400 points to reach a new high, while the Nasdaq index experienced a significant drop [1] - The S&P 500 index remained flat during this trading session [1] Dow Jones Performance - The strength of the Dow was attributed to gains in major financial stocks such as Goldman Sachs, JPMorgan Chase, and American Express, all of which reached new highs [6] - Other contributing stocks included UnitedHealth, IBM, and Nike, which also showed strong performance [6] Nasdaq and Technology Sector - The technology sector faced pressure, with notable declines in stocks like Nvidia and Oracle, reflecting investor concerns over high valuations following recent surges [11][12] - AMD's stock surged nearly 10% after CEO Lisa Su addressed concerns regarding high investments in technology, stating that increased spending on computing power would accelerate innovation [10][11] Economic Context - Historical data suggests that resolutions to government shutdowns typically support stock market performance, with the S&P 500 index showing average gains of 1.2% and 2.9% in the month and three months following budget agreements, respectively [9] - Analysts expect that the potential reopening of the government will restore the release of key economic data, which could influence future Federal Reserve interest rate decisions [8] Future Outlook - AMD anticipates a revenue growth rate of 35% annually over the next three to five years, driven by demand for AI chips [11] - UBS Wealth Management forecasts that the S&P 500 index could reach 7,300 points by June 2026, suggesting continued upward potential for U.S. equities [9]