Stocks rallied on Friday to cap a mixed week for the major averages in what served as the final full trading week of 2025. For the week, the tech-heavy Nasdaq Composite (^IXIC) rose about 0.4%, while the blue-chip Dow Jones Industrial Average (^DJI) fell about 0.7% and the benchmark S&P 500 (^GSPC) closed little changed. All three major indexes will enter the final seven trading sessions of 2025 within 3% of their record highs. In the week ahead, those investors still around during the holidays will tu ...

"除非出现重大冲击，否则很难逆转当前强劲的季节性上涨行情和更为清晰的仓位布局，"包括盖尔·哈菲夫（Gail Hafif）的高盛集团 （Goldman Sachs Group Inc.）交易部门团队在给客户的报告中写道，"尽管我们未必认为会出现大幅反弹，但确实认为从当前水平到年底 仍有上行空间。" 周四，一份低于预期（尽管存在争议）的通胀数据提振了明年进一步降息的预期，美国股市随之反弹。科技股领涨，彭博七大巨头指数 （Bloomberg Magnificent Seven Index）上涨2%，纳斯达克100指数（NDX）在过去五天震荡后上涨1.5%。 这对过去几天一直在买入期权押注科技股进一步反弹的衍生品交易员而言是个好消息。萨斯奎哈纳汇编的数据显示，他们大举买入英伟 达公司（NVDA）、美光科技公司（MU）以及道富银行科技行业ETF（Technology Select Sector SPDR Fund，代码XLK）的看涨期权价差 合约，同时卖出Alphabet（GOOGL）、英伟达和博通公司（AVGO）等大型科技股的看跌期权。 "这是一种典型的信心表达，表明市场下跌将是温和且短暂的，"萨斯奎哈纳衍生品策略联 ...

受人工智能板块核心个股持续承压影响，美股周一下挫，投资者等待本周晚些时候将公布一系列经济数 据，梳理美联储主席候选人相关报道及政策制定者的言论，试图从中捕捉利率前景的线索。截至收盘， 道指跌41.49点，跌幅0.09%，报48416.56点，纳指跌0.59%，报23057.41点，标普500指数跌0.16%，报 6816.51点。 明星科技股分化，特斯拉涨3.6%，此前该公司首席执行官马斯克表示，其自动驾驶出租车已开启无前 排安全员的测试。英伟达涨0.7%，Meta涨0.6%，谷歌跌0.4%，微软跌0.8%，苹果跌1.5%，亚马逊跌 1.6%，甲骨文跌2.7%，博通跌超5%。 赛富时旗下企业服务公司ServiceNow暴跌近12%，有报道称这家网络安全公司正就收购初创企业Armis 进行深入谈判。 扫地机器人制造商iRobot重挫72%并触发熔断。此前该公司于上周日晚间宣布，已启动美国《破产法》 第十一章破产重组程序，预计该程序将于明年2月前完成。 纳斯达克中国金龙指数跌超2%，网易跌0.7%，拼多多跌1.4%，京东跌2.0%，阿里巴巴跌3.6%，百度跌 4.9%。 在周一的交易中，部分人工智能概念股拖累了大 ...

2025.12. 16 本文字数：1675，阅读时长大约3分钟 作者 | 第一财经 樊志菁 受人工智能板块核心个股持续承压影响，美股周一下挫，投资者等待本周晚些时候将公布一系列经济 数据，梳理美联储主席候选人相关报道及政策制定者的言论，试图从中捕捉利率前景的线索。截至收 盘，道指跌41.49点，跌幅0.09%，报48416.56点，纳指跌0.59%，报23057.41点，标普500指数 跌0.16%，报6816.51点。 明星科技股分化，特斯拉涨3.6%，此前该公司首席执行官马斯克表示，其自动驾驶出租车已开启无 前排安全员的测试。英伟达涨0.7%，Meta涨0.6%，谷歌跌0.4%，微软跌0.8%，苹果跌1.5%，亚 马逊跌1.6%，甲骨文跌2.7%，博通跌超5%。 "如今市场对人工智能板块的情绪可谓是一片悲观，这一点毋庸置疑。"阿普特斯资本顾问公司Aptus Capital Advisors股票业务主管瓦格纳（David Wagner）表示，"但我认为，市场仍将由那些头部权 重股引领，也就是所谓的'七大巨头'。原因在于一个市场似乎仍在低估的核心逻辑 ——这些企业具备 强大的运营杠杆。"他补充道："只要营收能 ...

If they behave, Wall Street investors could be in line for Christmas gift from the Fed. The Federal Reserve can close out the year with a "Santa Rally" that juices financial markets to close out the year, per Kyle Rodda, a senior financial market analyst for Capital.com. However, Rodda added that a "hawkish cut" from the central bank appeared more likely. In that scenario, the Fed slashes interest rates while still emphasizing the risk of carefully balancing its responsibility to ensure stable prices and ...

Let's ask Chris Heisy, Maryland Bank of America private bank CIO. He's here. Got your 2026 outlook finished up, ready to go.So, what what's your plan of attack that you're talking to investors about. >> Well, right now the momentum, as you already stated, is this is an elf rally right now on a on the way to a Santa Claus type of rally. Uh so, we're just beginning this right now.We had a lot of >> So, they're working on it. Yeah. They got to finish it up, >> right.They're in the workshop right now and then u ...

Market Outlook - The market is expected to experience a 1 to 2% upward bias due to the resumption of purchases by pension plans and 401k accounts, often referred to as the "Santa Claus rally" [2] - Concerns about the AI bubble persist, with notable declines in companies like SoftBank, which dropped 10% [3][4] - The technology sector remains a focal point, with expectations for sales and margin expansion in AI investments, particularly for companies like Alphabet and Netflix [5][6] Consumer Spending Trends - Anticipated holiday spending is projected to grow between 2% and 7% year-over-year, with a more conservative estimate of 3% to 4% growth [9] - Consumers are expected to spend significantly on consumables and clothing, benefiting companies like Amazon and Walmart, especially during Black Friday and year-end promotions [10][11] - Amazon and Walmart are anticipated to gain market share from higher-priced retailers, as evidenced by Target's recent performance [11] Company-Specific Insights - The AI investments in Google and Netflix are expected to enhance their revenues by attracting more advertisers and viewers [12] - The market's reaction to potential rate cuts by the Federal Reserve is significant, with a focus on how such announcements could influence market sentiment [14]

Market Overview - The current market action is positive, with a rotation among leading stocks, particularly the "Magnificent Seven" names, including Amazon, which recently broke above $240, contributing to a 4% rally [1] - November is historically a strong month for the market, with an average increase of 1.9% since 1950, and a record of being up 12 out of the last 13 years [1] - Concerns about a potential government shutdown are present, but the market has not reacted negatively so far [1][5] Company Insights - **Amazon**: Recently formed a relationship with OpenAI, which has positively impacted its stock performance [1] - **Uber**: Has seen a 60% increase year-to-date but has been stagnant over the last three months. Current trading is around $94, with support levels at $92 and $85 [1][3] - **Palantir**: Up 160% year-to-date, showing strong momentum and breaking out of a triangular formation. The stock has a target price of $230-$240, with a history of significant price increases following earnings beats [2][3] - **Shopify**: Also up 60% year-to-date, showing a strong upward trend but may be overbought ahead of earnings, suggesting a potential pullback could present a buying opportunity [3][4] M&A Activity - Recent M&A activity includes Kimberly Clark acquiring Ken View for $38 billion, indicating ongoing interest in mergers and acquisitions within the market [4][7] - A significant deal in the utility sector involved American Water and Essential Utilities, valued at $60 billion, although it did not receive much attention [7][8] - The market is expected to see continued M&A activity into the first quarter of next year, contingent on the resolution of the government shutdown [8]