智通财经网·2025-11-20 22:31Market Overview - Major U.S. indices experienced significant volatility, with the Dow Jones Industrial Average initially rising over 700 points before closing down 386.51 points, a decline of 0.84% to 45752.26 points. The Nasdaq Composite fell 486.18 points, or 2.15%, to 22078.05 points, while the S&P 500 dropped 103.40 points, or 1.56%, to 6538.76 points [1] - Nvidia (NVDA.US) reported explosive earnings, and a strong employment report indicated a robust economic foundation, yet market optimism was short-lived due to renewed concerns about AI profitability and a drop in cryptocurrency values [1] Cryptocurrency Market - Bitcoin fell over 4.5% to $87373.5, with a low of $86100, while Ethereum decreased by 4.6% to $2883.66 [2] Employment Data - U.S. non-farm employment increased by 119,000 in September, but the unemployment rate rose to 4.4%. The previous month's employment data was revised down to a loss of 4,000 jobs [6][7] - The labor market remains weak, with economists suggesting that only 30,000 to 50,000 jobs are needed monthly to keep pace with the growing working-age population [7] Federal Reserve Insights - Federal Reserve officials expressed concerns about the potential for premature interest rate cuts amid persistent inflation, with the consumer price index rising 3% in September, above the Fed's 2% target [7] - Fed Governor Cook highlighted risks in private credit markets and the interconnectedness of leveraged companies, suggesting a need for monitoring systemic vulnerabilities [7] Stock Market Predictions - Goldman Sachs projected that stock sell-offs could reach $40 billion in the coming week, as the S&P 500 index fell below a critical level, prompting trend-following hedge funds to consider selling positions [7] Company Developments - Google (GOOG.US, GOOGL.US) has developed a method for its Pixel smartphones to share files with iPhones using Apple's AirDrop protocol, enhancing cross-ecosystem compatibility [8] - Melius Research raised Nvidia's (NVDA.US) target price from $300 to $320, reflecting positive sentiment towards the company's performance [9]