美股终结五连阳！中概股走高

Core Viewpoint - The article discusses the performance of the U.S. stock market during the holiday season, highlighting the potential for a "Santa Claus rally" and the impact of economic data and corporate earnings on market trends in 2026 [5][6]. Market Performance - On the first trading day after Christmas, major U.S. stock indices hovered near historical highs, with the Dow Jones down 20.19 points (0.04%) at 48,710.97, the Nasdaq down 0.09% at 23,593.10, and the S&P 500 down 0.03% at 6,929.94 [3]. - The S&P 500 index has seen a cumulative increase of over 17% since the beginning of 2025, with large tech stocks leading the gains, although recent trends show a broader market rally including financial and materials sectors [6]. Economic Outlook - Analysts predict a 15.5% profit growth for S&P 500 companies in 2026, up from a forecasted 13.2% growth in 2025, indicating a positive outlook for corporate earnings [6]. - The market is expected to benefit from tax reforms signed in July and interest rate cuts implemented in the fourth quarter, which are seen as supportive factors for the market in 2026 [6]. Sector Performance - The recent market rally is attributed not only to technology stocks but also to financial and industrial sectors, suggesting a more diversified economic recovery [6]. - Individual stock performances varied, with Nvidia up 1.0% due to a technology licensing agreement, while other tech giants like Apple and Google saw slight declines [9]. Commodity Market - International oil prices fell, with WTI crude down 2.76% to $56.74 per barrel, while precious metals saw significant gains, with gold futures rising 1.08% to $4,529.10 per ounce and silver futures up 7.68% to $76.48 per ounce [10].