Group 1 - US stock market opened mixed, with initial jobless claims lower than expected, potentially reducing the probability of a Fed rate cut in January [1] - Intel's stock price declined due to a delay in testing its 18A process by Nvidia, raising concerns about its competitive edge in advanced manufacturing processes [3] - Nasdaq Golden Dragon Index for Chinese stocks opened lower but quickly rebounded, with individual stocks like Zai Ding Medical rising nearly 8% and Yikaton up over 5% [3] Group 2 - Recent data showed initial jobless claims at 214,000, below the expected 224,000, while continuing claims were at 1.923 million, slightly above expectations [7] - BlackRock strategists predict limited rate cuts by the Fed in 2026, with the current cycle having already seen a cumulative cut of 175 basis points [7] - US Treasury officials expect the economy to grow at a rate of 3%, suggesting that the Fed may continue to lower rates in this environment [7]

周三（12月24日），美股低开高走，三大指数连涨五日，其中道指和标普收于新高。由于逢圣诞夜，美股周三提前3 小时收盘，周四圣诞节全天休市。 截至收盘，道琼斯指数涨0.6%，报48731.16点，刷新了12月11日录得的收盘纪录；标普500指数涨0.32%，报6932.05 点，连续第二日收新高，另还创下了6937.32点的盘中纪录；纳斯达克综合指数涨0.22%，报23613.31点。 大型科技股多数收涨，（按市值排列）英伟达跌0.32%，苹果涨0.53%，谷歌C微跌0.01点，微软涨0.24%，亚马逊涨 0.1%，Meta涨0.39%，博通涨0.26%，特斯拉跌0.03%。同时，科技股整体走强，全球存储芯片巨头美光科技收涨 3.77%，年内涨幅超过241%；Sandisk收涨2.12%，西部数据涨0.73%，年内涨幅分别达到613%和300%。 | く 赋 | 知名美股() | | Q | | --- | --- | --- | --- | | 名称 | 最新, | 涨幅。 总量 | | | 特斯拉 TSLA | 485.400 | -0.03% 4129万股 | | | 英伟达 NVDA | 188.610 ...

Economic Growth - The U.S. economy demonstrated unexpected growth resilience in Q3, with a seasonally adjusted annualized GDP growth rate of 4.3%, significantly above the market forecast of 3.3% [1] - This growth rate not only surpassed the previous quarter's 3.8% but also marked the fastest expansion in nearly two years [1] Key Drivers of Growth - Consumer spending, exports, and public spending were the main drivers of economic growth in the quarter [3] - Consumer spending, a core economic driver, had an annualized growth rate of 3.5%, outperforming the previous quarter [3] - Increases in exports and public spending provided solid support for growth, while private fixed investment continued to decline, though the rate of decline has narrowed [3] Inflation Concerns - Despite strong economic growth, inflation pressures remain persistent, with the core Personal Consumption Expenditures (PCE) index rising by 2.8% year-on-year in Q3, exceeding previous values [4] - The core PCE inflation rate recorded an increase of 2.9%, significantly above the long-term target set by the Federal Reserve [4] Labor Market Dynamics - The U.S. labor market may be entering a phase of reduced activity, with companies showing cautious hiring intentions, potentially influenced by policy uncertainties and a sustained high-interest rate environment [8] - Recent employment data indicated that the unemployment rate has risen to a high level in recent years, although the number of new non-farm jobs added was slightly better than expected [6][8] Future Outlook - Economists suggest that recent employment growth data may be subject to downward revisions in the future [8] - Market participants are closely monitoring corporate pricing behavior in response to changes in the global trade environment, assessing potential impacts on overall price levels and adding uncertainty to future inflation and economic trends [8]

Core Viewpoint - The article discusses the current state of the gold market and the U.S. economy, highlighting the recent performance of gold prices and economic indicators, including GDP growth and consumer confidence. Gold Market Analysis - Gold is currently trading at $4484.94 per ounce, with a slight increase of 0.03%. The highest price reached was $4525.19, while the lowest was $4470.39 [1] - The gold market shows a strong upward trend, with the price recently hitting a new high of $4526 before experiencing a pullback. The 30-minute moving average provides support at $4469.3 [5] - Despite the bullish trend, the Relative Strength Index (RSI) indicates an overbought condition, suggesting a potential period of consolidation before further price increases [6] - If gold maintains above the psychological level of $4500, it may target $4550 and potentially challenge the $4600 mark [6] U.S. Economic Indicators - The U.S. economy's annualized growth rate for Q3 2025 was reported at 4.3%, surpassing market expectations of 3.2%. This growth is primarily driven by strong consumer spending, contributing 2.4 percentage points to GDP [3] - Consumer confidence has declined, with the Conference Board's index dropping to 89.1 in December. The current conditions index fell to 116.8, while the expectations index remained below 80 for 11 consecutive months, indicating potential recession signals [3] - The U.S. Treasury Secretary supports revisiting the Federal Reserve's 2% inflation target once inflation rates stabilize [4]

美国今年三季度经济环比增长4.3% 中新社纽约12月23日电 美国商务部当地时间23日公布的首次预估数据显示，今年第三季度美国实际国 内生产总值(GDP)环比按年率计算增长4.3%，高于市场普遍预期。 美国商务部原定于10月30日发布相关数据，但受联邦政府"停摆"影响而推迟。该部门通常会在信息不断 完善的基础上，对季度经济数据进行三次估算。此次发布也取代了原计划于11月26日公布的第二次预估 数据。(完) 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 数据显示，2025年三季度美国经济环比增长4.3%，高于二季度的3.8%，创两年来季度环比最快增速。 当季美国消费支出增长强劲，出口有所增长，但投资和进口均出现下降。 从具体环比数据来看，今年三季度，占美国经济总量约70%的个人消费支出增长3.5%；反映企业投资状 况的非住宅类固定资产投资增长2.8%；住宅类固定资产投资下降5.1%；政府消费支出和投资增长 2.2%；出口增长8.8%，进口下降4.7%。 按贡献度计算，个人消费支出拉动当季经济增长2.39个百分点；净出口拉动当季经济增长1.59个百分 点；政 ...

新华社纽约12月23日电（记者刘亚南）美国商务部23日公布的首次预估数据显示，今年第三季度美国国 内生产总值（GDP）环比按年率计算增长4.3%，高于第二季度3.8%的增速。 ...

新华财经纽约12月23日电（记者刘亚南）美国商务部23日公布的首次预估数据显示，今年三季度美国经 济增长4.3%，高于二季度的3.8%和市场共识预期的3.2%。 由于今年一季度GDP出现负增长，四季度经济增长预计将因政府"停摆"等明显放缓，多家研究机构预 计，美国2025年经济增速将为2%或更低水平。 美国商务部表示，由于最近的政府"停摆"，当日公布的数据取代原定于分别在10月30日和11月26日公布 的首次预估数据和第二次预估数据。 美国商务部通常会根据不断完善的信息对季度经济数据进行三次估算。三季度经济增长更新数据将于1 月22日公布。 （文章来源：新华财经） 数据显示，三季度占美国经济总量约70%的个人消费支出增长3.5%，显著高于二季度的2.5%。商品和服 务净出口增长8.8%，而二季度为下滑1.8%。反映企业投资状况的非住宅类固定资产投资增长2.8%，显 著低于前一季度的7.3%。住宅类固定资产投资降幅继续维持在5.1%。政府消费支出和投资增幅为 2.2%，而前一季度则下降0.1%。 按贡献度计算，个人消费支出、政府消费支出和投资、商品和服务净出口分别为当季经济增长贡献2.39 个百分点、0.39个 ...

Economic Growth - The U.S. economy experienced a significant growth of 4.3% annualized in Q3 2025, surpassing expectations of 3.3% and increasing from 3.8% in Q2 2025, marking the strongest growth since Q3 2023 [2] - Historical trends indicate that strong GDP quarters are often followed by slower growth, as seen after the 4.7% growth in Q3 2023, which dropped to 3.4% in Q4 2023 and further to 0.8% in Q1 2024 [3] Consumer Behavior and Economic Indicators - Consumer spending remains robust, driven by the wealth effect from rising asset prices, while inflation is declining but still elevated, contributing to a "Goldilocks scenario" for the economy [4] - Weak hiring trends in industries reliant on immigrant labor and softening retail sales in border states suggest potential challenges ahead [6] Prediction Markets and Future Growth Expectations - Prediction markets indicate a 20% chance of U.S. growth between 2% and 2.5% in Q4 2025, up from 17%, while the probability of growth below 1% increased to 14% [7] - The likelihood of growth exceeding 3.5% in Q4 2025 has decreased to 10%, down three percentage points, reflecting a fading conviction in another strong quarter [7] Recession and Monetary Policy Outlook - Despite the strong GDP data, the probability of a recession in 2026 remains stable at around 28%, having previously decreased from nearly 35% [8] - Traders anticipate multiple rate cuts from the Federal Reserve, with a 23% probability of three cuts in 2026 and a 22% chance of two cuts, indicating a dovish outlook on monetary policy [9]

Core Viewpoint - The U.S. economy continued to expand in Q3 2025, with real GDP growth accelerating to 4.3% from 3.8% in Q2, driven by increased consumer spending, exports, and government spending, despite a decline in investment [1] Group 1: Consumer Spending - Consumer spending, a key driver of economic growth, accelerated in Q3, with notable contributions from healthcare services and other services such as international travel and legal services [2] - In terms of goods consumption, entertainment products and transportation tools, along with non-durable goods (notably prescription drugs), showed growth, supported by data from the Census Bureau's Quarterly Services Survey and Monthly Retail Trade Survey [2] Group 2: Exports and Imports - Exports turned positive in Q3, with capital goods (excluding automobiles) and non-durable consumer goods leading the growth, while service exports were driven by business services [2] - The decline in imports narrowed, with a reduction in goods imports (primarily non-durable goods) and an increase in service imports, particularly in business services [2] Group 3: Government Spending - Both federal and state/local government spending increased, with federal spending primarily supported by defense expenditures, while state and local governments focused on consumption-related spending [2] Group 4: Investment - Investment saw a reduced decline, primarily due to a decrease in private inventory investment, with wholesale trade and manufacturing inventory adjustments being significant factors [2] Group 5: Price Levels and Inflation - The domestic purchase price index rose by 3.4% year-on-year in Q3, up from 2.0% in Q2, indicating a moderate increase in inflationary pressures [3] - The Personal Consumption Expenditures (PCE) price index increased by 2.8%, while the core PCE index (excluding food and energy) rose by 2.9%, reflecting a slight uptick in inflation but remaining within a manageable range [3] Group 6: Corporate Profits - U.S. corporate current production profits increased by $166.1 billion in Q3, a significant rise compared to the $68 billion increase in Q2, although some final settlement agreements partially offset corporate profits [3]

新华社纽约12月23日电（记者刘亚南）美国商务部23日公布的首次预估数据显示，今年第三季度美国国 内生产总值环比按年率计算增长4.3%。数据显示，当季美国出口和消费支出有所增长，但投资和进口 均出现下降。（完） ...