昨夜，新高！技术性牛市正式确立

Core Viewpoint - The U.S. stock market continues to show strong performance, with major indices reaching new historical closing highs despite geopolitical tensions and trade negotiations with Canada [1][2]. Market Performance - The Dow Jones Industrial Average rose by 432.43 points, or 1.00%, closing at 43819.27 points; the S&P 500 increased by 32.05 points, or 0.52%, to 6173.07 points; and the Nasdaq Composite gained 105.55 points, or 0.52%, ending at 20273.46 points [1]. - The S&P 500 and Nasdaq indices have both confirmed entry into a bull market, with the Nasdaq up over 20% since its low on April 8 [1]. Sector Performance - Among the 11 major sectors of the S&P 500, the consumer discretionary sector led gains, while the energy sector lagged [2]. - Nike's stock surged by 15.2%, significantly contributing to the index's performance, following better-than-expected revenue guidance [2]. Technology Stocks - Major technology stocks performed well, with Google and Amazon rising over 2%, and Nvidia and Meta increasing by more than 1% [3]. - Nvidia reached new highs, while Apple and Intel saw slight increases, and Microsoft and Tesla experienced minor pullbacks [3]. Economic Indicators - The U.S. Personal Consumption Expenditures (PCE) price index rose by 0.1% month-over-month and 2.3% year-over-year, with the core PCE index increasing by 0.2% month-over-month and 2.7% year-over-year, indicating persistent inflationary pressures [3]. - Consumer confidence improved significantly, with the University of Michigan's consumer sentiment index rising to 60.7, the highest level in four months, reflecting better economic outlooks and reduced concerns about personal finances [3]. Market Expectations - Financial markets are adjusting expectations regarding the Federal Reserve's policy, with a 76% probability of a rate cut in September and only a 19% chance for a cut in July [3]. Commodity Market - Gold prices fell by 1.6% to $3287.6 per ounce, while WTI crude oil rose by 0.43% to $65.52 per barrel, and Brent crude increased by 0.16% to $66.80 per barrel [4].