中方对中日磋商结果表示不满意；特朗普暗示美联储主席人选已定

Market Overview - The US stock market continued to decline on November 18, with the S&P 500 index experiencing its longest losing streak since August, closing down for four consecutive trading days due to ongoing concerns about AI valuations [1][2] - The Dow Jones Industrial Average fell by 498.50 points, or 1.07%, closing at 46091.74 points, while the S&P 500 and Nasdaq indices dropped by 0.83% and 1.21%, respectively [1][2] Sector Performance - The technology sector was the primary drag on the market, with major tech stocks collectively declining. Microsoft fell by 2.70%, Amazon dropped by 4.43%, and Nvidia decreased by 2.81% [2] - Chinese concept stocks showed mixed performance, with the Nasdaq China Golden Dragon Index rising by 0.42%. Notable gainers included iQIYI, which rose over 6%, while Pinduoduo saw a significant drop of over 7% [2] Banking Sector - The KBW Bank Index fell by 4.5% over the past five trading days, significantly outpacing the S&P 500's decline of 2.9% during the same period. The KBE Bank ETF has tested support around $55, down approximately 10% since mid-September [2] - Analysts suggest that continued weakness in bank stocks could serve as a critical warning signal for the overall market, especially as market expectations for a rate cut in December diminish [2] Labor Market Insights - The US labor market showed signs of fatigue, with the number of individuals continuing to claim unemployment benefits rising by 10,000 to 1.957 million, a notable increase from mid-September's 1.916 million [3] - Richmond Fed President Barkin indicated that both inflation and employment are under pressure, but improvements in labor supply may help stabilize the unemployment rate [3] Commodity Market - Energy and precious metals experienced slight fluctuations, with Brent crude oil futures rising by $0.69 to $64.89 and WTI crude oil futures increasing by $0.83 to $60.74. December gold futures fell by 0.2% to $4066.50 per ounce [3] Corporate Developments - Meta's Chief Revenue Officer John Hegeman is leaving the company amid pressure from investors regarding its costly AI strategy. His responsibilities will be taken over by Andrew Bocking [11]