深夜，美股大跌！

Market Overview - The U.S. stock market opened lower on Monday, with all three major indices declining, particularly the technology sector, where the Nasdaq index fell approximately 2% and Tesla dropped nearly 6% [1][4] - European and Asian markets also experienced significant declines following the U.S. market trend [4] Economic Concerns - The S&P 500 index has been under pressure since reaching a historical high in mid-February, down about 9% from its peak on February 19, while the Nasdaq has dropped approximately 14% since its highest close on December 16 of the previous year [6][7] - The upcoming announcement of "reciprocal tariffs" by President Trump on April 2 is expected to have a substantial impact on the market, with analysts warning of potential negative outcomes [7][11] Consumer Sentiment and Inflation - Consumer confidence in the U.S. has reached its lowest level in over two years, with the University of Michigan's consumer sentiment index revised down to 57 from 57.9 [8] - Long-term inflation expectations have risen to the highest level in 32 years, with the one-year inflation expectation increasing from 4.9% to 5% and the long-term expectation rising to 4.1% [8][9] Inflation Data - The PCE price index for February showed a month-over-month increase of 0.3% and a year-over-year increase of 2.5%, aligning with expectations [9] - The core PCE price index, excluding food and energy, rose 0.4% month-over-month, marking the highest level since January 2024, with a year-over-year increase from 2.7% to 2.8% [9][10] Market Sentiment - Wall Street is currently experiencing heightened anxiety due to the uncertainty surrounding Trump's tariff policies, with many investors adopting a "sell on rallies" mentality [11][12] - There are concerns that the S&P 500 index could drop to 5000 points if economic conditions worsen, with predictions of a potential recession looming [12][13] Investment Outlook - Some analysts suggest that emerging markets may become more attractive as investors shift focus away from U.S. assets due to the prevailing economic uncertainties [13] - Conversely, there are optimistic views from certain institutions predicting a rebound in U.S. stocks, with expectations of a 10%-15% increase this spring [13]