Zheng Quan Shi Bao Wang·2025-11-13 03:20Market 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% to close at 23,406.46 points, while the S&P 500 increased by 4.31 points or 0.06% to finish 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] - Josh Chastant, a public portfolio manager, noted that the current focus is on overcoming the immediate challenges posed by the longest government shutdown in history [2] Financial Sector Performance - Financial stocks, including Goldman Sachs, JPMorgan Chase, and American Express, supported the Dow's strong performance, with all three reaching new historical highs [2] - The Financial Select SPDR Fund, which tracks the S&P 500 financial sector, rose by 1% [2] - Other economically sensitive stocks, such as Caterpillar, also saw gains [2] Technology Sector Insights - The artificial intelligence (AI) trading environment 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 expressed optimism about the AI market, predicting that the global AI chip market could reach $1 trillion by 2030 [4] - JPMorgan's latest report indicated that the semiconductor cycle driven by AI is far from peaking, with expectations of continuation until 2027 [4] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 1.46%, with several popular Chinese stocks declining, including Tencent Music and Xpeng Motors [5]