Guan Cha Zhe Wang·2025-12-09 01:32Market Overview - On December 8, US stock markets showed a weak and fluctuating trend, with all three major indices experiencing slight declines. The Dow Jones fell by 215.67 points, a decrease of 0.45%, closing at 47,739.32 points. The Nasdaq dropped by 0.14% to 23,545.90 points, while the S&P 500 index decreased by 0.35% to 6,846.51 points [1] Individual Stock Performance - In the technology sector, there was a notable divergence. Tesla's stock fell by over 3%, and Google's stock declined by more than 2%. Conversely, Broadcom's stock rose by over 3% to reach a historical high, buoyed by the approval from President Trump for NVIDIA to export H200 AI chips to China. NVIDIA, Oracle, and Microsoft all saw increases of over 1% [2] Chinese Stocks in the US - The Nasdaq Golden Dragon China Index increased by 0.08%, with mixed performance among popular Chinese stocks listed in the US. Huya surged by over 7%, while Daqo New Energy and Century Internet both rose by over 4%. Baidu and Miniso saw increases of over 3%. Notably, Legend Biotech's stock skyrocketed by over 102% following the announcement of a mid-stage clinical trial showing a weight reduction of 11.3% for its obesity treatment candidate [3] Federal Reserve Meeting Expectations - The Federal Reserve is scheduled to hold its December monetary policy meeting on December 9-10, with the latest interest rate decision to be announced on December 11. Despite a sharp decline in the probability of a rate cut due to missing key economic data and strong divisions among Fed officials, the market is increasingly leaning towards a likely 25 basis point rate cut during this meeting [3] Potential Scenarios for Rate Cut - Analysts from Dongwu Securities suggest two potential scenarios for the Fed's December meeting: a dovish rate cut of 25 basis points to support a weak labor market, which may signal a more significant economic slowdown than expected, or a hawkish rate cut with strong guidance on future policy rates, potentially increasing market volatility. The upcoming meeting is anticipated to be one of the most contentious in recent years, with investors awaiting clearer signals on future policy direction [4] Market Sentiment and Future Outlook - Market sentiment remains cautious ahead of the Fed meeting, with a strong earnings season recently concluded and the next earnings report not due for another four weeks. The market is primarily focused on the Fed's actions. Analysts predict that if the Fed does not cut rates for any specific reason, the market could decline by 2% to 3% [4]