券商中国·2025-12-18 15:26Core Viewpoint - The U.S. stock market experienced a significant rebound, with major indices rising over 1%, driven by strong performance from tech stocks and positive CPI data indicating lower inflation [1][3]. Group 1: Market Performance - The Nasdaq and S&P 500 indices both surged over 1%, with Micron Technology seeing a spike of over 16% following its earnings report that exceeded market expectations [1]. - The Dow Jones also opened higher, gaining 0.67% [3]. - Major tech stocks, including Oracle, TSMC, Nvidia, Google, Amazon, Meta, Tesla, and Broadcom, all recorded gains exceeding 1% [3]. Group 2: Economic Indicators - The U.S. CPI for November showed a year-on-year increase of 2.7%, below the market expectation of 3.1%, while the core CPI rose by 2.6%, marking the lowest level since early 2021 [3]. - The report indicated that the data collection process was disrupted due to the government shutdown, which may affect the reliability of the CPI figures [4]. - Following the CPI report, the likelihood of a Federal Reserve rate cut in January increased from 26.6% to 28.8%, with traders anticipating a reduction of 62 basis points by the end of 2026 [1][3]. Group 3: Federal Reserve Insights - Economic advisor Kevin Hassett praised the CPI data, suggesting a favorable environment of high growth and low inflation, and emphasized the need for the Federal Reserve to enhance transparency [2]. - Analysts noted that the CPI data supports the Fed's accommodative stance, although concerns about data quality due to the government shutdown were raised [4]. - The Fed is expected to focus on the upcoming December CPI data for more accurate inflation indicators before making policy decisions [4]. Group 4: Corporate Developments - Trump Media & Technology Group's stock surged over 38% after announcing a merger with TAE Technologies, a fusion energy startup, which aims to establish one of the first publicly listed fusion energy companies [7]. - The merger will allow Trump Media to transition into a holding company, encompassing its existing social media operations and the new energy venture [7][8].