Sou Hu Cai Jing·2025-11-20 00:24Group 1: Stock Market Performance - Major global stock indices showed mixed performance, with the Dow Jones Industrial Average at 46,138.77, up by 47.03 points or 0.10% [1] - The Nasdaq increased by 131.38 points, reaching 22,564.23, a rise of 0.59% [1] - The S&P 500 rose by 24.84 points to 6,642.16, reflecting a gain of 0.38% [1] - European indices like the FTSE 100 and CAC 40 experienced declines of 0.47% and 0.18% respectively [1] - The Shanghai Composite Index increased by 6.93 points, or 0.18%, while the Hang Seng Index fell by 99.38 points, or 0.38% [1] Group 2: Federal Reserve and Economic Indicators - The Federal Reserve's October meeting minutes indicated a hawkish stance, with most officials favoring maintaining the interest rate at 3.75%-4.00%, leading to a significant decrease in the probability of rate cuts by year-end [2] - Economic forecasts suggest an upward revision in real GDP growth expectations until 2028, with a gradual decline in the unemployment rate [2] - The U.S. Labor Department announced the cancellation of the October non-farm payroll report, merging it with the November report, which will be released on December 16 [3] Group 3: Cryptocurrency Market - Bitcoin hit a seven-month low at $88,522, contributing to a total cryptocurrency market cap decline of over $1 trillion from its peak of $4.3 trillion on October 6, now hovering around $3.2 trillion [4] - The drop in cryptocurrency values is linked to decreased expectations for interest rate cuts and capital outflows [4] Group 4: Nvidia's Financial Performance - Nvidia reported Q3 revenue of $57 billion, a 62% year-over-year increase, with data center revenue at $51.2 billion, exceeding expectations [8] - The company anticipates Q4 revenue of $65 billion, a 14% quarter-over-quarter increase, with stock prices rising over 5% post-announcement [8] Group 5: Mergers and Acquisitions - China International Capital Corporation (CICC) announced a merger with Dongxing Securities and Xinda Securities through a share swap, with trading of their A-shares suspended for up to 25 trading days [11]