Zheng Quan Shi Bao Wang·2026-01-08 04:16Core Viewpoint - The U.S. stock market experienced a significant decline, influenced by President Trump's announcement to prohibit large institutional investors from purchasing single-family homes, raising concerns about the housing market and economic slowdown [1][2][3]. Group 1: Stock Market Performance - The U.S. stock market saw most indices decline, with the Dow Jones dropping nearly 1% and the S&P 1500 residential construction index falling by up to 2.2% [1]. - Blackstone's stock plummeted by as much as 9.3%, while major banks like JPMorgan, Goldman Sachs, and Citigroup also experienced declines [2]. - The overall sentiment in the market was negative, with significant drops in energy stocks, including ExxonMobil and Chevron [3]. Group 2: Housing Market Impact - President Trump's proposed measures aim to make housing more affordable for Americans by restricting institutional investors from buying single-family homes, which he claims has made homeownership increasingly unattainable for many, especially young people [2]. - Analysts express skepticism about the actual impact of the ban on housing prices, noting that institutional investors hold a relatively small share of the overall market [3]. Group 3: Economic Indicators - The U.S. private sector added 41,000 jobs in December, which was below the market's expectations of approximately 50,000 [5]. - Mortgage rates decreased from 6.32% to 6.25%, the lowest since September 2024, but this decline did not stimulate mortgage demand, as applications fell by 9.7% during the holiday period [4].