道指涨超600点，甲骨文市值蒸发超4800亿，加密货币近14万人爆仓

Market Overview - On December 11, US stock indices closed mixed, with the Dow Jones rising by 1.34% (over 600 points), the S&P 500 up by 0.21%, and the Nasdaq down by 0.25% [1] - Major tech stocks mostly declined, with the Wande American Technology Seven Giants Index falling by 0.71%, and Oracle's stock dropping over 10%, resulting in a market cap loss of approximately $68.9 billion (about 48.63 billion RMB) [3][4] Oracle's Performance - Oracle's stock price fell sharply, initially dropping by 16% and later closing down by over 10% due to disappointing cloud business revenue and a significant increase in capital expenditure guidance for 2026, raised by $15 billion to $50 billion [3][4] Commodity Market - Gold and silver prices strengthened, with spot gold rising by 1.27% to $4,282.49 per ounce and spot silver up by 2.82% to $63.543 per ounce, reaching historical highs [5] - Crude oil prices declined, with WTI crude oil down by 0.92% to $57.92 per barrel and Brent crude down by 1% to $61.59 per barrel [6][7] Cryptocurrency Market - Bitcoin increased by over 1% to $93,005.06, while Ethereum fell by 1.94% to $3,259.6, with significant liquidation events occurring in the crypto market [7] Economic Indicators - The US Department of Labor reported an increase in initial jobless claims to 236,000, up by 44,000 from the previous week [7] - Recent trade data showed September imports at $342.1 billion and exports at $289.3 billion, leading to a narrower trade deficit, the lowest since 2020 [8] Federal Reserve Actions - The Federal Reserve cut the federal funds rate by 25 basis points and announced the resumption of Treasury purchases to ease market liquidity [8] - Future economic indicators will be crucial in determining the Fed's monetary policy direction, with upcoming employment and CPI reports being particularly significant [10] AI Investment Trends - The performance of major tech stocks, particularly in AI, is critical as they contribute over 50% to the S&P 500 index's gains [11] - The ongoing debate about potential AI market bubbles continues, with Oracle's recent performance expected to have lasting effects on the stock market [11]