Market Performance - The Dow Jones Industrial Average reached a record high, closing up 1.34% at 48,704.01 points, while the S&P 500 rose 0.21% to 6,901 points. The Nasdaq Composite, however, fell 0.25% to 23,593.86 points [2][4]. Federal Reserve Actions - The Federal Open Market Committee (FOMC) lowered the key overnight borrowing rate by 25 basis points to a range of 3.5% to 3.75%, indicating a slowdown in future rate cuts [4]. Oracle's Earnings Impact - Oracle's stock plummeted over 10% after reporting quarterly revenue of $16.06 billion, which fell short of analysts' expectations of $16.21 billion. This decline negatively affected related tech stocks, contributing to a drop in the Nasdaq [4][5]. Semiconductor Sector Reaction - The Philadelphia Semiconductor Index decreased by 0.75%, with major chip stocks like ARM, Intel, and Micron Technology experiencing declines of over 3%. However, Microchip Technology saw a gain of over 1% [5][6]. Large Tech Stocks Performance - Most large tech stocks declined, with Google down over 2%, Nvidia falling more than 1%, and Tesla dropping over 1%. In contrast, Microsoft and Facebook saw slight increases [8][9]. Commodity Market Movements - Gold prices rose, with spot gold increasing by 0.9% to $4,268.46 per ounce. Silver and copper also reached new highs, with silver up 2.7% and copper rising to $11,872 per ton [11].
道指,新高!巨头,暴跌!金银铜,大涨