Zheng Quan Shi Bao·2025-11-13 00:06Market Overview - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average reaching a new all-time high for the second consecutive day, closing up 326.86 points or 0.68% at 48,254.82 points [1] - The Nasdaq Composite fell by 61.84 points or 0.26%, closing at 23,406.46 points, while the S&P 500 index rose slightly by 4.31 points or 0.06%, ending at 6,850.92 points [1] Government Shutdown - Investors are closely monitoring developments in Washington, as the federal government may reopen as early as the upcoming weekend [2] - The Senate passed a spending bill on Monday night, which is now awaiting a final vote in the House of Representatives [2] - The House Majority Leader expressed optimism about the bill's passage, indicating a vote is expected on Wednesday evening [2] Financial Sector Performance - Financial stocks, including Goldman Sachs, JPMorgan Chase, and American Express, supported the Dow's strong performance, with all three reaching historical highs [2] - The Financial Select SPDR Fund, which tracks the financial sector of the S&P 500, increased by 1% [2] - Other economically sensitive stocks, such as Caterpillar, also saw gains [2] Technology Sector Insights - The AI trading landscape has continued its volatile pattern, with concerns about overvaluation in tech stocks following recent surges [3] - AMD's stock rose over 9% after reaffirming strong growth in AI-related spending, while other tech stocks like Oracle and Palantir Technologies experienced declines [3][4] - The S&P 500's eleven sectors saw six gainers and five losers, with the healthcare and financial sectors leading the gains [3] AI Market Outlook - AMD's CEO provided an optimistic forecast for the AI market, predicting the global AI chip market could reach $1 trillion by 2030 [4] - JPMorgan's report indicated that the semiconductor cycle driven by AI is far from peaking, with expectations of continuation until 2027 [4] Energy Sector Performance - The energy sector faced significant declines, with major companies like American Energy and Schlumberger dropping over 7% and 4%, respectively [4] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 1.46%, with notable declines in stocks such as Tencent Music and Xpeng Motors [5]