Market Overview - The three major U.S. stock indices showed mixed performance, with the S&P 500 slightly down by 0.09% to 6840.51 points, the Nasdaq up by 0.13% to 23576.49 points, and the Dow Jones down by 179.03 points to 47560.29 points, influenced by JPMorgan's higher expense guidance for 2026 [1] - The Russell 2000 index, driven by interest rate expectations, reached a new all-time high during the session, closing up 0.21% at 2526.24 points [2] Stock Performance - Large-cap tech stocks exhibited mixed results, with Microsoft up 0.20%, Amazon up 0.45%, Google A up 1.07%, and Tesla up 1.27%. In contrast, Apple fell by 0.26%, Nvidia by 0.33%, and Meta by 1.48% [3] - The Nasdaq China Golden Dragon Index declined by 1.37%, with most popular Chinese stocks retreating, including Baidu down over 4%, and Xpeng, Li Auto, and Beike down over 3% [4] Economic Indicators - The CME FedWatch Tool indicated a 90% probability of a 25 basis point rate cut in the upcoming Federal Reserve meeting, significantly up from less than 67% a month ago. Analysts believe the recent strong rebound in small-cap stocks reflects market bets on a more accommodative financial environment [5] - The latest October JOLTS report revealed job openings increased to 7.67 million, exceeding market expectations of 7.15 million, while hiring activity weakened, with employment numbers dropping to 5.149 million and layoffs increasing. The September revised figures showed job openings at 7.658 million and employment at 5.367 million [5] Labor Market Dynamics - The labor market is described as being in a "no hiring, no firing" state, with declining labor supply, reduced immigration, and the application of artificial intelligence suppressing demand for entry-level positions. This structural change is a core reason for the internal disagreements within the Federal Reserve [6] - Following the JOLTS data, U.S. Treasury yields rebounded after initially dipping, with the 10-year yield rising to 4.186% and the 2-year yield to 3.611%, marking the fourth consecutive day of increases [6] Yield Curve Insights - Analysts noted that the flattening of the yield curve reflects market concerns about economic momentum and a higher pricing of "hawkish rate cuts" scenarios [7] Commodity Performance - In commodities, international oil prices fell, with light crude oil futures for January 2026 down by $0.63 to $58.25 per barrel, a decline of 1.07% [8] - In precious metals, spot gold rose by 0.5% to $4208.83 per ounce, while February futures gold increased by 0.4% to $4236.20. Spot silver surged by 4.2% to $60.59 per ounce, reaching a historical high [9]
美股窄幅震荡静待美联储决议，就业数据新添不确定性，白银创历史新高
Di Yi Cai Jing Zi Xun·2025-12-09 23:53