Xin Lang Cai Jing·2025-12-03 15:40Market Overview - The three major U.S. stock indices opened lower on Wednesday, with the Dow Jones turning positive while the S&P 500 and Nasdaq experienced slight declines [1] - Major tech stocks mostly fell, with Nvidia and Amazon dropping over 1% and Microsoft declining nearly 3% due to reported reductions in AI software sales quotas amid customer reluctance [3] - Netflix shares fell by 6% following the sale of 375,470 shares by its chairman Reed Hastings [3] Cryptocurrency Market - The cryptocurrency market saw a collective surge, with Bitcoin rising above $92,000, reflecting a 3.89% increase [6][7] - Ethereum also experienced a significant rise of 6.67%, reaching $3,085, while other cryptocurrencies like Solana and XRP saw increases of 6.69% and 4.23% respectively [7] Economic Indicators - The U.S. "small non-farm" data exceeded expectations, indicating a surprising decrease of 32,000 jobs in the private sector for November [6] - The market is beginning to feel the impact of the potential new Federal Reserve chair, with Kevin Hassett being the leading candidate for the position, which may lead to a more dovish monetary policy [8]