美股齐涨，科技股重拾涨势

Core Viewpoint - The article discusses the recent performance of the U.S. stock market, particularly focusing on technology stocks and the potential for a Federal Reserve interest rate cut in December, which has influenced investor sentiment and market trends [3][6]. Market Performance - On Wednesday, major U.S. stock indices continued to rise, with the Dow Jones Industrial Average up 314.67 points (0.67%) to 47,427.12, the Nasdaq Composite up 0.82% to 23,214.69, and the S&P 500 up 0.69% to 6,812.61 [3]. - Notable technology stocks showed mixed results, with Tesla and Microsoft rising by 1.7%, Nvidia by 1.3%, while Amazon, Meta, and Google experienced slight declines [3][4]. Company Highlights - Dell Technologies surged 5.8% due to strong demand for AI data center servers and an optimistic quarterly outlook [4]. - Oracle's stock rose 4.0%, with Deutsche Bank suggesting that even without OpenAI-related revenue, Oracle's earnings per share (EPS) would only decline from $21 to about $17 by FY2030, indicating minimal market valuation for its OpenAI business [4]. Economic Indicators - The U.S. Labor Department reported a decrease of 6,000 in initial jobless claims to 216,000, the lowest level since April, although continued claims are on the rise, reflecting a challenging labor market [5]. - Durable goods orders increased by 0.5% in September, aligning with market expectations, but the growth rate slowed compared to August [5]. - Retail sales rose by 0.2% in September, a decrease from the revised 0.6% growth in August [5]. Federal Reserve Insights - The Federal Reserve's Beige Book indicated ongoing economic struggles, with low hiring intentions and persistent inflation concerns, leading to discussions about potential interest rate cuts in December [5][6]. - The CME FedWatch Tool shows an 84.9% probability of a 25 basis point rate cut in December, nearly doubling from the previous week [6]. Investor Sentiment - Investors have temporarily set aside concerns about overvaluation in tech stocks, following positive earnings reports from Nvidia and Dell, which alleviated market fears [7]. - The anticipation of a Federal Reserve rate cut has been identified as a significant driver of recent market gains [8]. Sector Performance - Airline stocks saw significant gains, with the S&P 1500 Airline Index rising 3.4%, reflecting a busy travel season and positive consumer health indicators [8].