尾盘：联储纪要凸显分歧 美股维持跌势

Core Viewpoint - The U.S. stock market is experiencing a decline, with the S&P 500 index potentially facing a three-day losing streak, influenced by the Federal Reserve's December monetary policy meeting minutes highlighting internal disagreements among members regarding interest rate cuts [1][9]. Federal Reserve Insights - The December FOMC meeting minutes reveal that a majority of officials believe further rate cuts are appropriate if inflation decreases as expected over time [3][12]. - Some officials expressed the view that rates should remain unchanged for a period following the December meeting, indicating a lack of consensus within the Fed [3][12]. - The FOMC voted 9 to 3 to lower the benchmark interest rate by 25 basis points to a range of 3.5%-3.75% [3][12]. - Disagreements persist among officials regarding the risks posed by inflation versus unemployment to the U.S. economy [4][13]. Market Reactions - The Dow Jones Industrial Average fell by 70.97 points (0.15%) to 48,390.96, while the Nasdaq dropped by 23.27 points (0.10%) to 23,451.08, and the S&P 500 decreased by 1.61 points (0.02%) to 6,904.13 [3][11]. - Concerns over the technology sector led to a decline in major tech stocks, with Nvidia falling over 1% and Palantir down 2.4% [5][12]. - The materials sector also faced pressure, with Newmont Corporation's stock dropping 5.6% after silver futures recorded their worst day since 2021 [5][12]. Global Market Trends - Despite recent market fluctuations, global stock markets are on track for a third consecutive year of annual gains, with the MSCI global stock index up approximately 21% in 2025 [6][15]. - Historical data suggests that January typically sees positive performance, with an average increase of 1.4% over the past decade [6][15]. Housing Market Overview - The S&P CoreLogic Case-Shiller index indicates a 1.4% year-over-year increase in U.S. home prices, slightly up from 1.3% in September [7][16]. - The housing market is showing signs of slowing down, with increased listings giving buyers more negotiating power, although actual transactions remain low due to high mortgage rates and economic concerns [7][16].