第一财经·2025-11-17 23:49Market Overview - Major U.S. stock indices faced pressure, with the Dow Jones Industrial Average down 557.24 points, a decline of 1.18%, closing at 46,590.24 points. The Nasdaq Composite Index fell 0.84% to 22,708.07 points, and the S&P 500 Index dropped 0.92% to 6,672.41 points, marking the first time since April that it fell below the 50-day moving average. The Cboe Volatility Index (VIX) surged 12.97% to 22.39 [3][6]. Individual Stock Performance - Google saw an increase of 3.1%, while Berkshire Hathaway disclosed it had purchased shares in Google during the third quarter [4]. - Nvidia dropped 1.8%, with Peter Thiel's fund liquidating all its shares in the company. Apple also fell 1.8% after losing a lawsuit related to patent infringement, resulting in a $634 million compensation [5]. - Other tech stocks like Meta, Amazon, and Microsoft experienced declines of 1.2%, 0.8%, and 0.5% respectively, while Tesla rose by 1.1% [6]. Economic Data and Federal Reserve Insights - The U.S. government is set to release key economic data, including the delayed September employment report, which is expected to confirm a trend of slowing job growth. Federal Reserve Vice Chairman Philip Jefferson indicated that any further rate cuts would need to be gradual, while Fed Governor Waller suggested that a weak job market could lead to a 25 basis point rate cut in December [6][7]. - The yield on the 2-year U.S. Treasury note fell by 0.4 basis points to 3.609%, and the 10-year note decreased by 1.5 basis points to 4.132%. Market expectations for the Fed to maintain rates in December have risen to over 57% [6]. Upcoming Earnings Reports - The earnings season is approaching its peak, with major retailers like Walmart, Home Depot, and Target set to report their results. Nvidia's earnings report, scheduled for Wednesday, is particularly anticipated as it will assess the sustainability of the remarkable gains in AI-related stocks this year. Concerns about overvaluation and signs of a bubble in this sector have been raised by some investors [7]. Commodity Prices - International oil prices saw a slight decline, with WTI crude oil down 0.30% to $59.91 per barrel and Brent crude oil also down 0.30% to $64.20 per barrel [7]. - Gold prices faced pressure, with COMEX gold futures for November delivery falling 0.47% to $4,068.30 per ounce, and at one point, the price dipped to around $4,010 [8].