2 1 Shi Ji Jing Ji Bao Dao·2026-01-07 15:56Market Overview - The U.S. stock market opened mixed on January 7, with the Dow Jones down 0.41%, the S&P 500 down 0.1%, and the Nasdaq up 0.15% [1][2]. Major Indices Performance - Dow Jones Index: 49,259.86, down 202.22 points (-0.41%) - S&P 500 Index: 6,938.05, down 6.77 points (-0.10%) - Nasdaq Composite: 23,581.57, up 34.40 points (+0.15%) [2]. Technology Sector Highlights - Intel shares surged over 11%, marking its largest increase since September 18, following the launch of its next-generation PC platform processor, Core Ultra3, at CES [2][3]. - Nvidia rose over 2%, while Google and Microsoft increased by over 1%. Facebook saw a decline of over 2% [2][3]. Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 1.43%. Notable declines included: - Manbang Group down over 7% - Hesai Technology down nearly 4% - NetEase down over 3% - JD.com and Alibaba down over 2% - Conversely, Huya rose over 4%, and iQIYI increased by over 1% [2][3]. Commodity Market - Gold and silver stocks experienced significant declines, with Hecla Mining down 10% and Pan American Silver down over 7%. Spot gold fell over 1% to around $4,440, while spot silver dropped over 6% below $77 [4]. Oil Market - Both U.S. and Brent crude oil prices declined [5]. Cryptocurrency Market - Major cryptocurrencies collectively fell, with Bitcoin down nearly 3% to $91,260. Over 120,000 traders faced liquidation in the past 24 hours [7][8]. Stock Market Outlook - Morgan Stanley's chief U.S. equity strategist predicts continued growth in the U.S. stock market driven by earnings, regulatory easing, and AI applications, with a projected earnings growth rate of nearly 14% for 2026 [10]. - Concerns remain regarding high valuations and capital intensity among large tech companies, prompting some analysts to adopt a more cautious stance [10]. - The founder of Bridgewater Associates warned that the AI-driven surge in tech stocks may be in the "early stages of a bubble" [10]. AI Sector Investment - In 2025, the S&P 500 rose by 16%, with significant contributions from Nvidia, Alphabet, Broadcom, and Microsoft. However, there are growing concerns about the return on investment from the substantial capital expenditures in AI, projected to increase by 34% to approximately $440 billion [11].