【环球时报特约记者 甄翔】圣诞与新年向来是美国的传统消费旺季，但在美国政府关税政策的冲击 下，今年节日期间的消费数据却显得格外黯淡。据《洛杉矶时报》日前报道，截至本月中旬，今年圣诞 季美国零售额增长4.2%，低于去年同期4.8%的增幅。剔除通胀因素后，实际增长率仅为2.2%。这表 明，"经济不确定性正在抑制消费者支出。"报道称。 实体零售表现尤为冷清。据报道，监测实体店实时客流量的机构RetailNext指出，与去年相比，圣诞节 前最后一个星期六（即"超级星期六"）的进店客流下降了5.4%。通常情况下，"超级星期六"是整个购物 季最繁忙的购物日，往往被视为衡量整个假日季销售表现的关键风向标。RetailNext高级分析全球经理 乔·沙斯汀表示，客流量的下滑表明，美国消费者现在趋向更加务实和节俭。"将购物行程分散到圣诞节 前的最后几周，并且在消费时更加严格地遵循购物清单。"不过，报道认为，圣诞购物季还未结束，因 此整体情况还待观察。 更多迹象表明，支撑GDP增长的消费支出正日益依赖信贷扩张。据美国CNBC网站23日援引在线贷款平 台LendingTree在12月中旬对2000多名消费者进行的调查，有37%的美国 ...

Market Overview - The New York stock market experienced a positive trend on November 26, with all three major indices closing higher due to optimistic expectations ahead of the Thanksgiving holiday. The Dow Jones Industrial Average rose by 314.67 points to close at 47,427.12, a gain of 0.67%. The S&P 500 increased by 46.73 points to 6,812.61, up 0.69%. The Nasdaq Composite climbed 189.099 points to 23,214.69, marking an increase of 0.82% [1]. Sector Performance - Among the eleven sectors in the S&P 500, nine saw gains while two declined. The utilities and technology sectors led the gains with increases of 1.32% and 1.27%, respectively. Conversely, the communication services and healthcare sectors experienced declines of 0.49% and 0.25% [1]. Analyst Insights - Sam Stovall, Chief Investment Strategist at CFRA, predicts that the U.S. stock market is expected to regain upward momentum by March next year, with the S&P 500 potentially reaching 7,400 points by the end of next year [1]. - Eric Diton, President and Managing Director of Wealth Alliance, noted that the market is rebounding after a period of risk aversion, and historically, the stock market performs strongly during the Thanksgiving week [1]. Economic Indicators - The Federal Reserve's national economic conditions report indicated that while high-end consumer spending remains resilient, overall consumer spending has declined. Employment conditions showed a slight decrease, with labor demand weakening in about half of the Federal Reserve districts [2]. - The Chicago Purchasing Managers' Index for November was reported at 36.3, significantly below the market expectation of 44.3 and the previous month's 43.8 [2]. Individual Stock Movement - Oracle Corporation's stock rose significantly by 4.02% to close at $204.96 per share, following a reaffirmation of a "buy" rating by Deutsche Bank analyst Brad Zelnick, who set a target price of $375 per share [3].

Core Viewpoint - American Express (AXP.US) reported stronger-than-expected second-quarter results, driven by robust consumer spending among affluent customers, with total billing reaching a record $416.3 billion, surpassing market expectations of $412.8 billion, and showing a year-over-year growth of 7% [1] Group 1: Financial Performance - The company's net revenue, excluding interest expenses, grew significantly by 9.3% year-over-year to $17.9 billion, marking the strongest second-quarter revenue in its history [1] - The CEO highlighted that the company recorded the highest quarterly spending by cardholders, indicating continued strong demand for high-end products [1] Group 2: Market Position and Competition - Despite a challenging environment due to tariffs and concerns over consumer confidence, American Express's stock price has increased by 6.3% year-to-date, although it underperformed compared to the S&P 500 Financial Index, which rose by approximately 8.6% [2] - The high-end credit card market is becoming increasingly competitive, with competitors like JPMorgan and Citigroup enhancing their offerings, prompting American Express to plan upgrades to its popular Platinum card later this year [2] Group 3: Credit Loss Reserves - The company reported credit loss reserves of approximately $1.4 billion, up from $1.3 billion a year earlier, but slightly below analyst expectations of $1.46 billion, attributed to increased net reserves and rising net write-offs amid expanding loan and receivables [3] Group 4: Future Outlook - American Express reaffirmed its full-year revenue growth guidance of 8% to 10% and earnings per share forecast of $15 to $15.5 [2]