美股市场一周表现：本周标普 500 指数、纳斯达克指数、道琼斯 工业指数全部上涨，涨幅分别为 1.5%、2.18% 和 1.17%。 证券研究报告|海外策略周报 [Table_Date] 2025 年 6 月 7 日 [Table_Title] 美股估值偏高，港股处于进一步分化阶段 1[Table_Title2] --海外策略周报 [Table_Summary] 全球市场一周主要观点:本周美股市场延续反弹，周内部分交易 日的出现特斯拉等巨头日内波动偏多的态势。目前 TAMAMA 科技指数市盈率仍有 32.2，仍然处于 30 以上偏高位区间；费城 半导体指数市盈率上升至 45.8，仍然处于 45 以上的高位区间； 美国科技股权重占比较大的纳斯达克指数的市盈率仍然有 39.9，逼近 40 的偏高位区间，由于美股科技股处于高位区间， 叠加美股科技股新一轮基本面拐点催化因素尚未出现，叠加特 朗普政策容易反复无常，美股科技股仍然容易出现分化和压 力；费城半导体指数和 TAMAMA 仍然容易积累回调动能。目 前标普 500 席勒市盈率上升至 36.91，仍然显著高于历史平均数 和中位数。由于美国经济政策的不确定性，以及美 ...

标普500指数自2月以来首次突破6000点。 ...

美股三大股指均涨超1%。 ...

Group 1 - U.S. stock futures have seen an increase, with S&P 500 futures and Nasdaq 100 futures rising over 1%, while Dow futures are up nearly 1% [1]

金十图示：2025年06月05日（周四）美股热门股票行情一览（美股盘中） ...

Core Viewpoint - The U.S. stock market indices experienced a short-term rally, with the Nasdaq up by 0.32%, the Dow Jones up by 0.11%, and the S&P 500 up by 0.12% as of the latest update [1] Group 1 - The Nasdaq index showed a positive change of 0.32% [1] - The Dow Jones index increased by 0.11% [1] - The S&P 500 index rose by 0.12% [1]

Core Viewpoint - Analysts are betting on a significant rebound opportunity for small-cap stocks, despite a poor start in 2025, with historical data suggesting a 60% chance of small-cap stocks outperforming large-cap stocks in June [1] Group 1: Market Performance - The Russell 2000 index has declined approximately 5.9% year-to-date, underperforming the S&P 500's 1.5% gain, and small-cap stocks have not reached new highs since 2021 [1] - The sentiment around small-cap stocks is currently pessimistic, with call option volumes in the Russell 2000 ETF nearing their lowest since February [2] - Short positions in small-cap stocks have been increasing, with the iShares Russell 2000 ETF seeing its highest short amount since 2022 [2] Group 2: Potential Catalysts for Rebound - A substantial agreement between the U.S. and its trade partners, along with strong economic data, could serve as catalysts for a rebound in small-cap stocks [2] - The Russell 2000 index has shown a slight outperformance against the S&P 500 by 0.5 percentage points in the first three trading days of June [2] Group 3: Technical Analysis - The Russell 2000 index is currently at a critical turning point around 2100 points, with a potential rise to 2500 points (a 19% increase) if it breaks through this level [3]

Group 1 - Spot gold experienced a decline of $11.5 per ounce within 5 minutes, currently priced at $3382.29 per ounce [1] - U.S. stock futures saw a slight increase, with the Nasdaq 100 index futures rising by 0.4% [1] - FTSE China A50 index futures also experienced a minor increase, currently up by 0.2% [1] Group 2 - The U.S. dollar index rose approximately 10 points, currently reported at 98.76 [1]

美股三大股指涨幅收窄。 ...

隔夜，现货黄金单日暴涨2.77%，突破3380美元，创下三周新高，最终收报于3380.95美元。今日欧市盘中，黄金小幅下跌，目前在3360美元附近徘徊。 华尔街看空预警！ 欧盟贸易专员塞夫科维奇将于6月4日在法国巴黎会见美国贸易代表格里尔。 还有值得一提的是，美债再遭"开门黑"。 在刚刚过去的5月，美国国债，尤其是长期美债录得自2025年以来的首次月度下跌。进入6月，在经历了短暂的回调后，2日，美债再遭"开门黑"，各期限 美债收益率涨幅均在4～7个基点。 隔夜，美国三大股指全线收涨，截至收盘，道指收盘微涨35.41点，涨幅为0.08%；纳指涨128.84点，涨幅为0.67%；标普500指数涨24.25点，涨幅为 0.41%。 美股此番走势，主要是白宫和美联储联合救市。 一方面，北京时间22:00公布的数据显示，美国制造业PMI连续第三个月萎缩，进口指标降至16年最低——数据差到了一定程度，坏消息被解读为了好消 息，市场开始对降息预期抱有幻想，市场开始反弹。 另一方面，美联储官员们的最新讲话释放重磅信号，谈论降息的语气比之前更显坚定。 美联储理事沃勒周一在韩国首尔发言时表示，即使特朗普政府的关税可能暂时推高物价 ...