中国基金报·2025-09-05 01:22Market Overview - The three major U.S. stock indices closed higher, with the Dow Jones up by 350.06 points (0.77%) to 45621.29, the Nasdaq rising by 209.96 points (0.98%) to 21707.69, and the S&P 500 increasing by 53.82 points (0.83%) to 6502.08 [4][5]. Employment Data - The ADP employment report indicated an increase of 54,000 jobs in August, which was below the expected 65,000, and the previous value was revised from 104,000 to 106,000. This slowdown in hiring supports the view of cooling labor market demand and strengthens expectations for a Federal Reserve rate cut [6]. - Initial jobless claims rose to 237,000, exceeding expectations and increasing by 8,000 from the previous week, further confirming the trend of a slowing labor market [6]. Federal Reserve Insights - Federal Reserve official Williams predicted that rate cuts will become "appropriate over time," although he did not specify the timing or pace of such actions [7]. - Fed official Harker reiterated that there is currently no reason to lower rates, as inflation remains above the Fed's 2% target and continues to rise [8]. - According to CME Group's FedWatch tool, traders increased bets on a rate cut by the central bank on September 17 following the ADP report [9]. Technology Sector Performance - Major technology stocks collectively rose, with Amazon increasing over 4%, Facebook up more than 1%, Tesla rising over 1%, Google up 0.71%, Nvidia up 0.61%, Apple up 0.55%, and Microsoft up 0.52% [11]. Oil and Gold Market Trends - Oil prices fell due to concerns that OPEC+ may increase supply in the upcoming meeting. WTI crude oil for October delivery decreased by 0.8% to settle at $63.48 per barrel, while Brent crude for November delivery fell by 0.9% to $66.99 per barrel [15]. - U.S. crude oil inventories rose by 2.4 million barrels, exceeding expectations, which added pressure to oil prices [15]. - Gold prices experienced a slight decline, with spot gold down 0.4% to $3545.85 per ounce and COMEX gold futures down 0.95% to $3601.00 per ounce [17].