财联社·2025-12-23 01:09Core Viewpoint - The U.S. stock market experienced a positive trend with all three major indices rising for three consecutive days, driven by technology stocks, particularly those related to artificial intelligence [1][2][3]. Market Performance - The Dow Jones Industrial Average rose by 0.47% to close at 48,362.68 points, the S&P 500 increased by 0.64% to 6,878.49 points, and the Nasdaq Composite gained 0.52% to 23,428.83 points [2][3]. - The VIX, known as the "fear index," dropped to 14.08, marking the lowest level since December 13, 2024 [3]. Technology Sector - Major tech stocks showed strong performance, with Nvidia up 1.49%, Tesla up 1.56%, Oracle rising over 3%, and Micron Technology increasing by over 4% [3][5]. - Concerns about high valuations in tech stocks are present, with investors closely monitoring their performance as the year-end approaches [3]. Investor Sentiment - There is skepticism regarding the potential for a "Santa Rally" in the market, with some analysts suggesting a lack of catalysts for further gains [3]. - However, others express optimism for a strong start in 2026, indicating a potential return of the "Santa Rally" that could lead to new highs by year-end [3]. Economic Indicators - The S&P 500 has seen a year-to-date increase of 16.95%, with the possibility of achieving a third consecutive year of over 20% gains, which would be a rare occurrence [3]. Sector Highlights - The semiconductor sector rose by 1.1%, with 24 out of 30 stocks gaining, including a notable 4.01% increase in Micron Technology [6]. - The solar energy sector performed well, with Turbo Energy rising by 10.99% and First Solar reaching a new closing high since June 2024 [7]. Financial Sector - Citigroup shares increased by 2.81%, reaching the highest level since 2008 [8]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.58%, with several Chinese stocks, including TAL Education and Pinduoduo, showing gains [9][10].