Di Yi Cai Jing·2025-11-29 00:37Market Overview - US stock market saw a broad increase on the first trading day after Thanksgiving, with strong expectations for a Federal Reserve rate cut in December. The Dow Jones Industrial Average rose by 289.30 points, or 0.61%, closing at 47,716.42 points. The Nasdaq index increased by 0.65% to 23,365.69 points, while the S&P 500 index rose by 0.54% to 6,849.09 points [1] - In November, concerns over the future profitability of AI companies led to a pullback in tech stocks, causing the Nasdaq Composite Index to decline nearly 2%, ending a seven-month streak of gains. However, the S&P 500 and Dow Jones indices managed slight monthly increases, achieving seven consecutive months of gains [1] - Weekly performance showed the Dow up over 3%, with the Nasdaq and S&P 500 indices rising nearly 4% [1] Individual Stock Performance - Notable tech stocks showed mixed results: Meta rose by 2.2%, Amazon by 1.8%, Microsoft by 1.3%, and Tesla by 0.8%. In contrast, Google fell by 0.1% and Nvidia dropped by 1.8% [2] - Intel surged over 10% as analysts expect the company to begin shipping Apple's entry-level M-series processors. Oracle fell by 1.5% amid reports of discussions to raise $38 billion in loans for OpenAI-related agreements [3] - CME Group rose by 0.2% following a system outage that temporarily disrupted trading across various markets, attributed to cooling issues at its data center [3] Chinese Stocks - The Nasdaq Golden Dragon China Index increased by 0.54%, with JD.com rising by 1.4%, Baidu by 0.5%, NetEase by 0.3%, and Pinduoduo by 0.2%. Alibaba, however, saw a slight decline of 0.2% [4] Economic Indicators - Market sentiment has shifted towards a risk-on approach, with 80% to 85% confidence that the Federal Reserve will implement a rate cut in the coming weeks. A potential 25 basis point cut in December would mark the third consecutive reduction following meetings in September and October [5] - The yield on the two-year Treasury rose by 1.6 basis points to 3.50%, while the ten-year yield increased by 2.5 basis points to 4.02% [6] Retail Sales Outlook - The holiday shopping season commenced with significant sales events, including Thanksgiving, Black Friday, and Cyber Monday. Retailers are offering substantial discounts to attract consumers, with online sales expected to grow by 6% year-over-year to $8.6 billion on Thanksgiving alone [6] Commodity Performance - International oil prices experienced slight fluctuations, with WTI crude oil down 0.17% at $58.55 per barrel and Brent crude down 0.22% at $63.20 per barrel [7] - Precious metals performed well, with COMEX gold futures rising 3.40% to $4,218.30 per ounce, marking a monthly increase of 28.09%, the highest since February 2009. Silver futures increased by 13.09% to $56.44 per ounce, while platinum and palladium also saw significant gains [7]