Mei Ri Jing Ji Xin Wen·2025-11-18 01:05Market Overview - On Monday, U.S. stock indices initially rose but then experienced a significant drop, with the Nasdaq Composite falling nearly 1.5% at one point, and the VIX index increasing by 13% during the day [1] - By the end of the trading session, the Dow Jones Industrial Average fell by 1.18% to 46,590.24 points, the S&P 500 dropped by 0.92% to 6,672.41 points, and the Nasdaq Composite decreased by 0.84% to 22,708.07 points [3] - The S&P 500 index has declined over 2% in November so far, following six consecutive months of gains, and is down more than 3% from its historical peak, while the Nasdaq has fallen over 5% from its record high [3] Technology Sector Performance - Major tech stocks mostly declined, with Apple down 1.82%, Microsoft down 0.53%, Amazon down 0.78%, and Meta down 1.22%. However, Tesla rose by 1.13% and Broadcom increased by 0.06% [4] - Nvidia's stock fell by 1.83% ahead of its earnings report scheduled for Wednesday, with notable sell-offs reported from prominent investors, including Peter Thiel's fund, which sold approximately 537,000 shares [6] - Google was one of the few bright spots in the market, initially rising by 6% to reach a new all-time high, but closed with a gain of just over 3% after Berkshire Hathaway's investment in the stock was revealed [6] Semiconductor and Storage Sector - The storage chip sector saw gains, with SanDisk's stock rising over 4% after announcing a significant price increase of up to 50% for NAND flash contracts, highlighting supply constraints driven by AI data center demand and wafer supply issues [8] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 1.21%, with notable declines in several Chinese stocks, including Xpeng down 10.32% and Li Auto down 4.75% [8][9] Federal Reserve and Economic Outlook - Federal Reserve Governor Waller reiterated the need for another rate cut in December, citing a weak labor market and the impact of monetary policy on low- and middle-income consumers [12] - The upcoming non-farm payroll report is expected to be crucial for the Fed's decision-making, with current probabilities indicating a 44.4% chance of a 25 basis point cut in December [14] - Market analysts predict a potential 16% increase in the S&P 500 over the next year, supported by strong corporate earnings and a new bull market cycle [15]