降息预期推动美股上扬，道指涨超660点，英伟达跌2.6%

Core Viewpoint - The article discusses the recent performance of the U.S. stock market, highlighting expectations for a Federal Reserve interest rate cut in December, driven by weak economic data and labor market conditions [3][5][6]. Economic Data Summary - Major U.S. stock indices rose, with the Dow Jones up 664.18 points (1.43%) to 47112.45, S&P 500 up 60.76 points (0.91%) to 6765.88, and Nasdaq up 153.59 points (0.67%) to 23025.59 [3]. - The Nasdaq Golden Dragon China Index increased by 0.35% to 7753.25 points, with notable gains in Chinese stocks like Xiaoma Zhixing (up 5.9%) and XPeng (up 3.2%), while Alibaba fell by 2.3% [4]. - The ADP employment report indicated a faster decline in private sector jobs, averaging a loss of 13,500 jobs per week, compared to a previous loss of 2,500 jobs [5]. - Retail sales for September showed a mere 0.2% month-over-month increase, below the expected 0.4% [5]. - The Producer Price Index (PPI) rose by 0.3% in September, following a previous decline of 0.1% [5]. Federal Reserve Expectations - The probability of a Federal Reserve rate cut in December has risen to 84.7%, up from 50.1% a week prior [4]. - Goldman Sachs forecasts the Fed will cut rates in December and again in 2026, with two additional cuts of 25 basis points each [6]. - Market sentiment has shifted towards expecting a rate cut due to significant weakness in the labor market [6]. Sector Performance - The technology sector showed mixed results, with Meta up 3.78% and Nvidia down 2.59% [3]. - The retail sector performed strongly, with Kohl's surging 42.53% and Abercrombie & Fitch rising 37.54% due to raised profit forecasts [3]. Commodity Market - International oil prices fell, with light crude oil futures down $0.89 to $57.95 per barrel [6]. - Gold prices saw a slight decline, with spot gold down 0.14% to $4130.59 per ounce [7].