经济火热“吓退”降息预期之际 科技股“带飞”标普500指数豪取四连阳

Group 1 - The S&P 500 index rose 0.5% to a record closing high of 6909.79 points, marking its fourth consecutive day of gains, driven by large tech stocks like Nvidia, Broadcom, and Google, despite weakness in healthcare and consumer staples sectors [1] - The U.S. GDP grew at an annualized rate of 4.3% in Q3 2025, surpassing the previous quarter's growth of 3.8% and market expectations of 3.3%, primarily due to increased consumer spending, exports, and government spending [1][2] - Personal consumption expenditures, which account for about 70% of the U.S. economy, increased by 3.5%, while government consumption and investment rose by 2.2%, and exports grew by 8.8% [1] Group 2 - Market concerns about the Federal Reserve delaying interest rate cuts increased after the GDP data exceeded expectations, leading traders to slightly raise bets that the Fed will maintain rates in January and March meetings [2] - Analysts predict that cyclical stocks, such as banks and equipment manufacturers, will outperform in 2026 as economic growth expectations accelerate, with a consensus forecast of 2% growth for the U.S. economy next year [4][5] - The performance of cyclical stocks has already surpassed defensive stocks, with a recent strategy yielding a 10% return by going long on non-commodity cyclical stocks and shorting defensive stocks [6]