美股尾盘跳水，“中国金龙”收低，白银重挫近10%

Core Viewpoint - The U.S. stock market experienced a volatile year in 2025, influenced by uncertainties surrounding President Trump's tariff policies and the enthusiasm for AI stocks, yet managed to achieve double-digit gains for the third consecutive year [4]. Economic Data - The U.S. labor market showed signs of stability, with initial jobless claims decreasing by 16,000 to 199,000, marking the third consecutive week of decline [3]. - The S&P 500 index recorded an annual increase of 16.39%, while the Nasdaq Composite surged by 20.36% due to the AI boom [3][4]. Market Trends - The Dow Jones Industrial Average rose by 12.97%, achieving its longest monthly winning streak since 2017, with a total of eight consecutive months of gains [4]. - The market is expected to see a broader distribution of investment opportunities in 2026, moving away from reliance on a few leading stocks [5]. Individual Stocks - Nvidia is seeking to increase production capacity with TSMC, while major tech stocks like Google, Apple, and Amazon experienced declines [7]. - Nike's stock rose by 4.1% after its CEO purchased shares, and Trump Media & Technology Group's stock increased by 5.3% following a partnership announcement [8]. Commodity Market - International oil prices fell, with WTI crude down 19.94% for the year, marking the largest decline since 2018 [9]. - Precious metals saw price drops after margin requirements were raised, with gold futures down 1.02% but still up 64.52% for the year, marking the largest annual increase since 1979 [9].