今夜，大跳水

Core Viewpoint - Economic recession concerns overshadowed the benefits of interest rate cuts, leading to a significant drop in U.S. stock markets [2][5]. Market Performance - On September 5, major U.S. indices opened high but experienced a sharp decline, with the Dow Jones falling over 200 points and the Nasdaq erasing an initial gain of about 1% [2][5]. - The S&P 500 index and Nasdaq both reached historical highs earlier in the day, with the S&P 500 up approximately 0.5% and the Nasdaq up about 0.8% before the downturn [5]. Employment Data Impact - The U.S. economy added only 22,000 jobs in August, significantly below the expected 75,000, with the unemployment rate rising to 4.3% [5][6]. - This disappointing employment data has led traders to reassess the likelihood of the Federal Reserve implementing a 25 basis point rate cut in their upcoming meeting [5][6]. Market Repricing - Following the employment report, the market quickly adjusted expectations, with predictions of three rate cuts by the Federal Reserve by 2025 [6]. - Despite expectations of potential rate cuts, stock market investors remained cautious, as concerns grew over the Fed's ability to manage employment issues while inflation persists [6]. Technology Sector Performance - Major tech companies, including Nvidia and AMD, contributed to the market decline, with Nvidia dropping 3% and AMD falling 5% [7][9]. - Nvidia's stock was reported at $166.57, down 2.96%, while AMD's performance showed a significant drop [10][12]. Competitive Landscape - Broadcom's stock surged nearly 9% after reporting quarterly earnings that exceeded Wall Street expectations, indicating strong performance in the semiconductor sector [14][15]. - The market perceives Broadcom's robust results as a sign of increasing competition for Nvidia, a leading player in the AI sector [16]. Tesla's Performance - Tesla's stock rose by 2% following the announcement of an unprecedented $1 trillion compensation plan for CEO Elon Musk [17].