Core Viewpoint - The article discusses the mixed performance of the U.S. stock market, focusing on the volatility influenced by the Federal Reserve's interest rate decisions and upcoming earnings reports from major tech companies like NVIDIA [3][7]. Market Overview - On Friday, major U.S. stock indices showed mixed results, with the Dow Jones Industrial Average falling by 309.74 points (0.65%) to close at 47147.48 points, while the Nasdaq Composite rose by 0.13% to 22900.59 points, ending a three-day decline [3]. - The S&P 500 index slightly decreased by 0.05%, closing at 6734.11 points. Over the week, the Nasdaq fell by 0.5%, while the S&P 500 and Dow managed to gain 0.1% and 0.3%, respectively [3]. - The Chicago Board Options Exchange Volatility Index (VIX) spiked over 15% before closing down 0.9%, remaining below the psychological level of 20 [3]. Federal Reserve Insights - Recent comments from Federal Reserve officials indicate a cooling expectation for a rate cut in December, with the probability of a 25 basis point cut dropping from 67% to below 50% [7][8]. - Kansas City Fed President Jeffrey Schmid expressed concerns about persistent inflation, suggesting he may oppose any rate cuts at the upcoming meeting [7]. - Dallas Fed President Lorie Logan also indicated she would likely oppose a rate cut unless there is compelling evidence of a significant decline in inflation [8]. Sector Performance - In the tech sector, NVIDIA and Oracle rebounded from previous declines, with NVIDIA rising by 1.7% and Oracle by 2.4%. Investors are keenly awaiting NVIDIA's quarterly earnings report next week [3]. - Other tech stocks showed varied performance: Microsoft increased by 1.3%, while Apple, Google, and Amazon saw slight declines [4]. - The Nasdaq Golden Dragon China Index fell over 1.6%, with notable declines in stocks like JD.com (down 4.5%) and Alibaba (down 3.7%) [5]. Commodity Market - International oil prices rebounded, with WTI crude oil rising by 2.39% to $60.09 per barrel and Brent crude increasing by 2.19% to $64.39 per barrel [9]. - Gold prices fell, with COMEX gold futures for November delivery dropping by 2.37% to $4087.60 per ounce [10].
美股上演惊魂反转行情,黄金一度跳水近4%