Market Overview - US stock market showed mixed results with the Dow Jones Industrial Average rising by 326.86 points, or 0.68%, closing at a record high of 48254.82 points, while the Nasdaq Composite Index fell by 0.26% to 23406.46 points [1] - The S&P 500 Index saw a slight increase of 0.06%, closing at 6850.92 points [1] - Major tech stocks experienced a divergence, with Nvidia up by 0.3% and Apple down by 0.6%, while Google, Amazon, Tesla, Meta, and Oracle saw declines ranging from 1.4% to 3.8% [1] - Financial sector stocks surged, with Goldman Sachs up by 3.5%, Citigroup by 2.0%, JPMorgan Chase by 1.5%, and Bank of America by 0.9% [1] - AMD shares rose by 9.0% following the company's strong long-term financial guidance [1] Economic Impact of Government Shutdown - The ongoing government shutdown, the longest in US history at 42 days, has put pressure on the US economy and affected the release of key economic data, including the October Consumer Price Index (CPI) and non-farm payroll reports [3] - The labor market shows signs of weakness, with private sector employers reducing an average of 11,250 jobs weekly over the past four weeks, indicating a softening labor market [3] - Market sentiment is cautiously optimistic regarding the potential end of the shutdown, which could alleviate one of the key risks currently facing the market [3][4] Federal Reserve and Interest Rates - There is a divergence within the Federal Reserve regarding interest rate cuts, with some members advocating for a reduction due to restrictive monetary policy [5] - The probability of a 25 basis point rate cut at the December meeting is estimated at 63% according to CME Group's FedWatch tool [4] - The yield on the 2-year Treasury note fell by 2.5 basis points to 3.565%, while the 10-year Treasury yield decreased by 4.3 basis points to 4.066% [5] Commodity Market Movements - International oil prices saw significant declines, with WTI crude oil dropping by 4.18% to $58.49 per barrel and Brent crude oil falling by 3.76% to $62.71 per barrel due to supply-demand imbalances [5] - Gold prices experienced an upward trend, with COMEX gold futures for November delivery rising by 2.38% to $4204.40 per ounce, and silver futures increasing by 5.36% to $53.33 per ounce [5]
奇瑞汽车就天门山挑战测试意外致歉；道指站上48000点，中概股承压，白银飙涨5%