美股三大指数小幅收跌，白银上演“史诗级”反转，美联储降息之路现分歧

Market Performance - The US stock market showed weakness, with the Dow Jones down 0.20%, Nasdaq down 0.24%, and S&P 500 down 0.14%, marking the third consecutive day of decline for all three indices [3] - Large tech stocks exhibited mixed performance; META rose by 1.11% due to its acquisition announcement, while Apple, Nvidia, and Tesla saw declines, indicating cautious investor sentiment during year-end trading [3][4] Federal Reserve Insights - The latest Federal Reserve meeting minutes revealed significant internal disagreements regarding the path of interest rate cuts, with some officials uncertain about the timing and extent of future cuts [5][6] - Market expectations for rate cuts have shifted from three anticipated cuts in early December to only two possible cuts in 2026, reflecting the uncertainty surrounding future monetary policy [5] Commodity Market Dynamics - Silver prices experienced extreme volatility, rebounding over 5% after a previous drop of approximately 9%, highlighting the contrasting dynamics between the stock and commodity markets [8][10] - Analysts attribute the sharp fluctuations in silver prices to technical and trading factors, including profit-taking, increased margin requirements, and thin year-end market liquidity, while fundamental factors supporting long-term price increases remain unchanged [10] Other Commodities - Gold prices saw a mild increase following a correction, while international oil prices experienced slight declines [11] - Copper prices have risen over 44% in 2025, with long-term demand prospects in sectors like power infrastructure and artificial intelligence remaining positive despite warnings of potential short-term pullbacks [11]