Tesla(US:TSLA) 券商中国·2025-12-03 23:40Core Viewpoint - The U.S. stock market has seen a significant surge in robotics stocks, driven by government initiatives to accelerate the development of robotics technology, amidst concerns over a weakening labor market and expectations of an interest rate cut by the Federal Reserve [1][3][4]. Group 1: Robotics Sector Surge - Robotics stocks experienced a massive rally, with Nauticus Robotics soaring over 135% intraday and closing up 115.83%, while iRobot surged 73.85% [3][4]. - The Trump administration is reportedly pushing to advance robotics technology, with the U.S. Secretary of Commerce meeting with multiple CEOs from the robotics industry [3][4]. - The U.S. Department of Transportation is preparing to establish a robotics working group, potentially announcing it by the end of the year [4]. Group 2: Labor Market Concerns - The latest ADP employment data revealed that U.S. private sector job losses reached 32,000 in November, marking the largest decline since March 2023, which raises concerns about the labor market [8][9]. - Small businesses, particularly those with fewer than 50 employees, were hit hardest, losing a total of 120,000 jobs, while larger companies added 90,000 jobs, indicating a significant divide in the labor market [8]. - Wage growth has also slowed, with job switchers seeing a 6.3% increase, the lowest since February 2021, and those remaining in their positions experiencing a 4.4% increase, down 0.1 percentage points from October [8]. Group 3: Federal Reserve Expectations - The probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 89%, with expectations for further cuts in January [9]. - The upcoming Federal Reserve meeting on December 9-10 will be crucial, as this ADP report is the last employment data available before the meeting [9].