Market Performance - The U.S. stock market continued its strong performance with all three major indices achieving four consecutive days of gains, with the S&P 500 index successfully breaking through the 6800-point mark [1] - As of the close, the Dow Jones Industrial Average was at 47,427.12 points, up 314.67 points (0.67%), while the Nasdaq Composite rose by 189.10 points (0.82%) to 23,214.69 points, and the S&P 500 increased by 46.73 points (0.69%) to 6,812.61 points, all reaching recent rebound highs [1] Core Drivers - The primary driver behind the sustained rise in U.S. stocks is the significant increase in expectations for a Federal Reserve interest rate cut, with several Fed officials signaling a dovish stance [2] - The labor market data supports this, as initial jobless claims fell to 216,000, below the market expectation of 225,000, indicating a cooling labor market without excessive recession fears, thus providing data support for a potential rate cut [2] - Additionally, the yield on the 10-year U.S. Treasury bond dropped below 4%, reducing the alternative effect of equity assets and encouraging capital to flow back into the stock market [2] Sector Performance - The collaboration between technology and consumer sectors has become a crucial pillar for the market, with tech giants like Google and Microsoft showing strong performance [4] - Google's stock surged over 6% due to positive market reception of its new AI model, Gemini3, which boosted the AI industry chain [4] - The airline sector saw a daily increase of over 3%, and retail stocks also rose, reflecting a rotation among multiple sectors driven by holiday season consumption expectations [4] Market Outlook - Some analysts warn of potential further market corrections, suggesting the need for more risk protection and a reassessment of AI sector valuations [4] - However, optimistic institutions believe that the dual drivers of interest rate cuts and strong holiday consumption will continue to support the market, especially after the S&P 500 index recovered its 50-day moving average, indicating a positive technical outlook [4]