美股三大指数集体上涨，谷歌再创新高市值逼近4万亿美元

Market Performance - On November 25, US stock indices collectively rose, with the Dow Jones increasing by 1.43%, the S&P 500 by 0.91%, and the Nasdaq Composite by 0.67% [2][7] Technology Sector Highlights - Google shares rose over 1.5%, reaching a new high and approaching a market capitalization of $4 trillion, driven by the release of new AI models Gemini 3 Pro and Nano Banana Pro [2][7] - Berkshire Hathaway disclosed a $4.93 billion investment in Alphabet, making it the tenth largest holding in US stocks, indicating Warren Buffett's confidence in Google's AI strategy and profitability [2][7] - Meta's stock increased by over 3%, while Amazon and Broadcom rose by over 1%. Conversely, AMD fell by over 4%, Netflix by over 2%, and Oracle by over 1%. Nvidia experienced a drop of over 2% after a peak decline of over 7% [2][7] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose by 0.35%, with mixed performances among popular Chinese stocks. Xpeng and Bilibili increased by over 3%, Li Auto by over 1%, while NIO fell by over 4%, Alibaba by over 2%, and Baidu by over 1% [2][7] Federal Reserve Policy Expectations - Federal Reserve policy has become a focal point, with expectations of potential interest rate cuts. The probability of a 25 basis point cut in December surged from 40% to 84.9% [4][9] - John Williams, President of the New York Fed, indicated that there is still room for rate cuts in the near term, aligning with market sentiment [4][9] - LNW's Chief Investment Officer noted that the trend points towards rate cuts, which could benefit the holiday market [4][9]