史上首次！突破38万亿美元！美股大跌

Core Viewpoint - The U.S. stock market experienced a collective decline due to concerns over escalating international trade disputes and disappointing earnings reports from companies like Texas Instruments and Netflix [1][4][12]. Economic Indicators - As of October 21, the total U.S. federal government debt has surpassed $38 trillion for the first time, marking a significant milestone in fiscal policy [2][7]. - This increase in debt occurred just over two months after the total reached $37 trillion in mid-August [8]. Corporate Earnings - Over three-quarters of the S&P 500 companies that have reported earnings thus far have exceeded expectations, indicating a potentially positive trend in corporate performance [10]. - Notable declines were observed in major tech stocks, with Netflix dropping over 10% due to tax disputes in Brazil, and Texas Instruments falling significantly after a disappointing earnings forecast [12][13]. Sector Performance - The S&P 500 index saw seven sectors decline while four rose, with the industrial and consumer discretionary sectors leading the losses at 1.31% and 1.00%, respectively [12]. - Conversely, the energy sector showed strength, with several companies like Schlumberger and BP rising over 3% [15]. Trade Relations - Investors are closely monitoring U.S.-China trade negotiations, with expectations for a fair trade agreement as U.S. officials prepare for discussions in Malaysia [6].