Mei Ri Jing Ji Xin Wen·2025-11-25 12:34Group 1: Market Overview - Major U.S. stock index futures are experiencing slight declines, with Dow futures down 0.09%, S&P 500 futures down 0.06%, and Nasdaq futures down 0.31% [1] - Morgan Stanley suggests that the adjustment in the U.S. stock market is nearing its end, despite a 5% pullback in the S&P 500 index, as two-thirds of the top 1000 companies have seen declines exceeding 10% [2][4] Group 2: Chinese Stocks Performance - Chinese concept stocks show mixed results, with NIO rising nearly 8% after reporting Q3 revenue of 21.79 billion yuan, a year-on-year increase of 16.7% and a quarter-on-quarter increase of 14.7%, setting a new historical high [1] - Alibaba's stock increased by 3.39% following the release of its Q2 FY2026 earnings report, which showed revenue of 247.795 billion yuan, exceeding market expectations with a year-on-year growth of 15% [1] Group 3: Corporate Developments - Citigroup raised the target price for Gap from $23 to $25 while maintaining a "neutral" rating [2] - Google shares rose over 2% as the company begins selling TPU chip solutions to major clients like Meta, expanding its AI chip market beyond cloud rental services [3] - SanDisk is set to join the S&P 500 index on November 28, leading to a nearly 3% increase in its stock price [3] Group 4: Economic Indicators and Predictions - The probability of a 25 basis point rate cut by the Federal Reserve in December has surged to 80.9%, up from 50.1% a week prior, following supportive comments from Fed officials [2][4] - The third-quarter revenue for Pony.ai increased by 72% year-on-year, reaching $25.4 million, with its Robotaxi business generating 47.7 million yuan, a year-on-year growth of 89.5% [3] Group 5: Regulatory Issues - Poland has initiated an antitrust investigation against Apple regarding its App Tracking Transparency (ATT) policy, which may restrict third-party apps' ability to collect user data for personalized advertising, potentially leading to fines of up to 10% of Apple's annual revenue in Poland [4]