美股尾盘跳水，“中国金龙”收低，白银重挫近10%

Market Performance - The U.S. stock market experienced a decline on the last trading day of 2025, with the Dow Jones Industrial Average falling by 303.77 points, or 0.63%, closing at 48,063.29 points. The Nasdaq dropped by 0.76% to 23,241.99 points, and the S&P 500 fell by 0.74% to 6,845.50 points. Despite this, all three major indices achieved double-digit annual gains for the third consecutive year, with the S&P 500 up 16.39%, the Nasdaq up 20.36%, and the Dow up 12.97% [2][3]. Economic Indicators - The U.S. Department of Labor reported a decrease in initial jobless claims by 16,000 to 199,000 for the week ending December 27, marking the third consecutive week of decline. This indicates a relatively stable labor market [2]. Sector Performance - The technology sector, particularly driven by artificial intelligence stocks, was a key factor in the market's performance, with significant demand pushing indices to historical highs [3]. - Notable individual stock performances included Nvidia, which sought to increase production capacity with TSMC, and Nike, which saw a 4.1% increase after its CEO purchased shares [5][6]. Future Outlook - Analysts predict that the trend of broad asset performance will continue into 2026, moving away from reliance on a few leading stocks. The equal-weighted S&P 500 index is expected to perform better than the market-cap weighted version [3]. - The Federal Reserve's monetary policy direction is anticipated to be a critical factor influencing global market conditions in 2026, with expectations of a more dovish stance under a new chair [3]. Commodity Market - Gold and silver prices fell following an increase in trading margin requirements by the Chicago Mercantile Exchange. Gold futures dropped by 1.02% to $4,325.60 per ounce, while silver futures fell by 9.36% to $70.13 per ounce, despite both metals achieving significant annual gains [7]. Individual Stock Highlights - Nvidia's stock decreased by 0.5%, while TSMC's stock rose by 1.4%. Other major tech stocks, including Google, Apple, Amazon, Microsoft, Meta, and Tesla, all experienced declines [5]. - Trump's Media Technology Group saw a 5.3% increase after announcing a partnership with Crypto.com to distribute digital tokens to shareholders [6]. Oil Market - International oil prices declined, with WTI crude oil dropping by 0.91% to $57.42 per barrel, marking a 19.94% annual decrease, the largest since 2018. Brent crude oil fell by 0.78% to $60.85 per barrel, down 18.48% for the year, representing its worst performance in nearly five years [6].