11月21日，A股三大指数集体下跌，截至收盘，上证指数跌2.45%，深证成指跌3.41%，创业板指跌 4.02%；北证50跌4.71%。沪深两市成交额约19656.61亿元，较前一个交易日放量约2574.72亿元。全市 场354只股票上涨、5072只股票下跌，其中33只涨停、99只跌停。 地域板块方面，山西板块21日整体表现显著偏弱，大幅下跌4.14%，仅1家个股上涨，40家下跌，无平 盘个股，反映出板块内个股普遍承压，市场情绪低迷。 文 | 张阳阳 个股表现上，山西板块21日仅科达自控为上涨态势，且涨幅较小，较前一交易日上涨0.20%。 山西板块21日下跌个股整体跌幅较为明显。美锦能源为21日领跌股，较前一交易日下跌7.82%。除美锦 能源外，跌幅在5%以上个股还有13只，其中安泰集团下跌7.50%，华翔股份下跌7.03%，同德化工下跌 6.68%，潞化科技下跌6.67%，华阳新材下跌6.37%，国新能源下跌6.11%，金利华电下跌5.90%，仟源医 药下跌5.62%，科新发展下跌5.33%，蓝焰控股下跌5.31%，狮头股份下跌5.16%，晋控煤业下跌5.08%。 ...

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 150 points on Monday.Following the market opening Monday, the Dow traded down 0.38% to 46,966.91 while the NASDAQ fell 0.42% to 22,805.30. The S&P 500 also fell, dropping, 0.40% to 6,707.46.Check This Out: Top 3 Financial Stocks That May Explode In Q4Leading and Lagging SectorsCommunication services shares rose by 2.1% on Monday.In trading on Monday, information technology stocks fell by 1.1%.Top HeadlineShares of Aramark (NYS ...

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 200 points on Friday.Following the market opening Friday, the Dow traded down 1.21% to 46,882.86 while the NASDAQ fell 1.51% to 22,525.90. The S&P 500 also fell, dropping, 1.17% to 6,658.51.Check This Out: Top 2 Financial Stocks That May Plunge This QuarterLeading and Lagging SectorsReal estate shares jumped by 0.3% on Friday.In trading on Friday, information technology stocks fell by 1.2%.Top HeadlineApplied Materials Inc (N ...

Market Overview - U.S. stocks traded higher, with the Nasdaq Composite gaining more than 1% on Friday, while the Dow rose 0.09% to 47,563.80, and the S&P 500 increased by 0.58% to 6,862.07 [1] - Consumer discretionary shares saw a significant jump of 4.3% on Friday, indicating strong performance in that sector [1] Company Performance - Apple Inc. reported fiscal fourth-quarter revenue of $102.47 billion, surpassing analyst estimates of $102.17 billion, and earnings of $1.85 per share, exceeding expectations of $1.76 per share [3] - EPWK Holdings Ltd. shares surged 137% to $0.1559, while Getty Images Holdings, Inc. shares rose 45% to $2.93 following a multi-year licensing agreement with Perplexity AI [10] - MSP Recovery, Inc. shares increased by 77% to $0.56 [10] Declines in Company Stocks - Luminar Technologies, Inc. shares dropped 34% to $1.3801 after receiving a subpoena from the SEC and suspending its FY25 guidance [10] - Intensity Therapeutics, Inc. shares fell 28% to $0.95 after announcing a $4 million registered direct offering of common stock [10] - OneSpan Inc. shares decreased by 26% to $11.52 due to worse-than-expected third-quarter sales results and a cut in FY25 sales guidance [10] Commodity Market - Oil prices increased by 0.7% to $61.04, while gold rose by 0.4% to $4,031.90 [6] - Silver prices fell by 0.3% to $48.485, and copper decreased by 0.4% to $5.0860 [6] International Markets - European shares were lower, with the eurozone's STOXX 600 slipping 0.5% and major indices in Spain, London, Germany, and France also experiencing declines [7] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining 2.12%, while Hong Kong's Hang Seng fell 1.43%, and China's Shanghai Composite dipped 0.81% [8]

Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining over 100 points, up 0.30% to 47,688.42, while NASDAQ rose 0.45% to 23,744.57, and S&P 500 fell slightly by 0.01% to 6,874.13 [1] - Information technology shares increased by 0.8%, while real estate stocks decreased by 2.1% [1] Company Performance - United Parcel Service Inc (UPS) reported third-quarter earnings of $1.74 per share, exceeding the analyst consensus estimate of $1.31 per share, and quarterly sales of $21.400 billion, surpassing the estimate of $20.832 billion [2] Commodity Market - Oil prices fell by 1.5% to $60.40, gold decreased by 1.9% to $3,942.30, silver dropped by 0.6% to $46.510, and copper fell by 0.7% to $5.1375 [3] International Markets - European shares were mostly lower, with the eurozone's STOXX 600 down 0.3%, Spain's IBEX 35 Index down 0.1%, London's FTSE 100 up 0.1%, Germany's DAX 40 down 0.2%, and France's CAC 40 down 0.2% [4] - Asian markets closed lower, with Japan's Nikkei 225 down 0.58%, Hong Kong's Hang Seng index down 0.33%, China's Shanghai Composite down 0.22%, and India's BSE Sensex down 0.18% [5] Stock Movements - Vsee Health Inc shares surged 235% to $2.07 after receiving U.S. Department of Health and Human Services authority to operate at the FedRAMP High level [7] - TEN Holdings Inc shares increased by 139% to $0.67, while 707 Cayman Holdings Ltd shares rose by 47% to $0.44 [7] - Co-Diagnostics Inc shares dropped 54% to $0.58 following a $7 million registered direct offering at $0.55 per share [7] - SMX (Security Matters) PLC shares fell 24% to $4.43, and OceanPal Inc shares decreased by 23% to $1.70 [7] Economic Indicators - The FHFA house price index rose by 0.4% month-over-month in August, while the S&P CoreLogic Case-Shiller 20-City Home Price Index increased by 1.6% year-over-year, slightly below market expectations of a 1.9% gain [8] - U.S. private businesses created an average of 14,250 jobs per week during the four weeks ending on October 11 [9]

Market Overview - U.S. stocks traded lower, with the Dow Jones index falling more than 500 points, down 1.13% to 45,548.92, NASDAQ down 1.95% to 22,252.07, and S&P 500 down 1.33% to 6,566.51 [1] - European shares also declined, with the eurozone's STOXX 600 falling 0.7%, Spain's IBEX 35 down 0.2%, London's FTSE 100 down 0.3%, Germany's DAX 40 down 1.1%, and France's CAC 40 down 0.6% [5] - Asian markets closed lower, with Japan's Nikkei 225 down 2.58%, Hong Kong's Hang Seng down 1.73%, China's Shanghai Composite down 0.62%, and India's BSE Sensex down 0.36% [6] Sector Performance - Consumer staples shares increased by 0.4% [1] - Information technology stocks fell by 2.5% [2] Company Earnings - JPMorgan Chase & Co. reported third-quarter 2025 net income of $14.4 billion, or $5.07 per share, up 12% year over year, exceeding the analyst estimate of $4.84, with sales of $47.12 billion surpassing expectations of $45.39 billion [3] Commodity Prices - Oil traded down 2% to $58.28, while gold increased by 0.2% to $4,142.20 [4] - Silver fell by 1.4% to $49.705, and copper decreased by 3.3% to $4.9745 [4] Small Business Sentiment - The NFIB Small Business Optimism Index declined to 98.8 in September from 100.8 in the previous month, missing market estimates of 100.5 [7] Stock Movements - Greenwave Technology Solutions, Inc. shares surged 148% to $21.11, Everbright Digital Holding Limited shares increased 120% to $1.0998, and PMGC Holdings Inc. shares rose 90% to $9.93 [8] - Paranovus Entertainment Technology Ltd. shares dropped 45% to $0.5700, PS International Group Ltd. shares fell 28% to $3.40, and Electra Battery Materials Corporation shares decreased 28% to $5.00 [8]

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining over 100 points, while the Dow decreased by 0.17% to 45,632.29 and the S&P 500 rose by 0.64% to 6,554.06 [1] - Information technology shares increased by 2.2% on the same day [1] Company Performance - Chewy, Inc. (CHWY) shares fell approximately 14% after reporting second-quarter results, with adjusted earnings of 33 cents per share, exceeding market estimates of 14 cents, and quarterly sales of $3.104 billion, surpassing expectations of $3.080 billion [3] Commodity Market - Oil prices rose by 1.3% to $63.46, while gold increased by 0.2% to $3,689.50. Silver and copper also saw gains of 0.7% to $41.630 and 0.3% to $4.5845, respectively [5] European Market - European shares experienced an upward trend, with the eurozone's STOXX 600 rising by 0.3% and Spain's IBEX 35 Index increasing by 1.3% [6] Asian Market - Asian markets closed higher, with Japan's Nikkei 225 gaining 0.87% and Hong Kong's Hang Seng rising by 1.01% [7] Notable Stock Movements - Wearable Devices Ltd. (WLDS) shares surged by 412% to $5.20 following a year-over-year increase in H1 EPS results and a new patent announcement [8] - Cuprina Holdings (Cayman) Limited (CUPR) shares increased by 212% to $2.19 after announcing exclusive licensing rights for medical waste recycling technology [8] - YY Group Holding Limited (YYGH) shares dropped by 61% to $0.3674 after pricing a registered offering of ordinary shares and warrants [8]

Group 1 - The current market is in a primary upward trend, with a strong bullish atmosphere and high willingness to hold stocks [1] - Key driving factors include loose liquidity and a low interest rate environment, attracting increasing attention and recognition from investors towards the capital market [1] - There is a diverse range of market hotspots, including previously favored sectors like semiconductors and newly emerging targets such as the liquor industry [1] Group 2 - A structural differentiation among individual stocks is noted, with some experiencing high reversals after rapid surges, indicating potential risks [1] - The driving factors for the current market trend remain unchanged, suggesting continued potential for capital inflow and an optimistic outlook for future market trends [1] - Investors are advised to actively respond to the current market, combining fundamental and technical analysis to identify suitable investment targets [1]

Report Summary 1) Report Industry Investment Ratings - **Equity Index**: Moderately bullish, suggesting selling put options on MO2509 with an execution price around 6600 when the price is high [2]. - **Treasury Bonds**: Suggesting short - term wait - and - see [2]. - **Precious Metals**: For gold, constructing a bull spread strategy through call options when the price is low; for silver, maintaining a low - long approach or constructing a bull spread option strategy [2]. - **Shipping Index (EC - Europe Line)**: Bearish, suggesting holding short positions in the 10 - contract [2]. - **Steel and Iron Ore**: Bearish, suggesting short - selling opportunities for steel contracts in the 3380 - 3400 range and short - selling iron ore when the price is high [2]. - **Coking Coal, Coke**: Bearish, suggesting short - selling when the price is high [2]. - **Non - Ferrous Metals**: - **Copper**: Narrow - range oscillation, with the main contract referring to 78000 - 79500 [2]. - **Aluminum**: Expected to oscillate in the short - term, with the main contract referring to 20000 - 21000 [2]. - **Other Non - Ferrous Metals**: Various strategies such as short - selling when high, low - long, or wait - and - see are recommended according to different metal conditions [2]. - **Energy and Chemicals**: - **Crude Oil**: Bearish, suggesting a short - term bearish approach and expanding the spread between the 10 - 11/12 contracts when the price is low [2]. - **Other Chemical Products**: Different trading strategies are recommended according to their supply - demand and price trends, including short - selling, range trading, and constructing spread strategies [2]. - **Agricultural Products**: - **Grains and Oilseeds**: Long - term bullish for meal, suggesting long - term multi - position layout; bearish for corn, suggesting short - selling when the price is high [2]. - **Livestock and Poultry**: Bullish for the near - term of pigs, with enhanced support; bearish for eggs, suggesting holding short positions [2]. - **Other Agricultural Products**: Different trading strategies are recommended according to the supply - demand situation, such as short - selling when the price rebounds for sugar and holding short positions for cotton [2]. - **Special Commodities**: Bearish for glass and soda ash, suggesting holding short positions; wait - and - see for rubber and industrial silicon [2]. - **New Energy**: Wait - and - see for polysilicon; cautious wait - and - see for lithium carbonate, with a suggestion of lightly testing long positions at low prices in the short - term [2]. 2) Core Viewpoints - The market is affected by multiple factors such as trade policies, central bank policies, and supply - demand relationships in different industries. Different trading strategies are recommended for various commodities based on their price trends, supply - demand changes, and market sentiment [2]. 3) Summary by Relevant Catalogs Financial Market - **Equity Index**: The TMT sector is booming, and the equity index has risen sharply with increased trading volume. However, the improvement of corporate profits needs to be verified by mid - year report data [2]. - **Treasury Bonds**: The real stabilization of the bond market requires signals from the central bank to protect liquidity and the peak - turning of the stock market, and the timing is uncertain [2]. - **Precious Metals**: Gold and silver prices are in a narrow - range oscillation. Strategies such as constructing spread strategies and low - long are recommended [2]. Commodity Market - **Shipping Index**: The EC (Europe Line) index is in a weak oscillation, and short positions in the 10 - contract are recommended to be held [2]. - **Black Commodities**: Steel prices have fallen below support, and iron ore, coking coal, and coke prices are also under pressure. Short - selling strategies are recommended [2]. - **Non - Ferrous Metals**: Most non - ferrous metals are in a narrow - range oscillation or under pressure, with different trading strategies recommended according to their specific situations [2]. - **Energy and Chemicals**: Crude oil prices are affected by supply expectations, and chemical product prices are influenced by supply - demand and cost factors, with corresponding trading strategies provided [2]. - **Agricultural Products**: Different agricultural products have different supply - demand situations, and trading strategies such as long - term multi - position layout, short - selling when the price is high, and holding short positions are recommended [2]. - **Special Commodities**: Glass and soda ash are in a weak market, while rubber and industrial silicon need further observation [2]. - **New Energy**: Polysilicon and lithium carbonate markets are affected by various factors, and wait - and - see or cautious trading strategies are recommended [2].

Market Overview - U.S. stocks traded lower, with the Nasdaq Composite falling more than 1% on Friday, Dow down 0.70% to 41,566.04, NASDAQ down 1.12% to 18,713.37, and S&P 500 down 0.87% to 5,791.25 [1] - Real estate shares fell by 0.1%, while information technology stocks dipped by 1.4% [1] Company Performance - Workday, Inc. (WDAY) shares dipped more than 11% after reporting quarterly earnings of $2.23 per share, beating the analyst consensus estimate of $2.01 by 10.95%. Quarterly revenue was $2.24 billion, exceeding the Street estimate of $2.22 billion. However, Workday projected second-quarter revenue of $2.16 billion, below the $2.34 billion analyst estimate [2] Commodity Market - Oil traded up 0.4% to $61.42, gold up 1.5% at $3,344.90, silver up 0.1% to $33.250, and copper rose 1% to $4.7245 [4] European Market - European shares were lower, with the eurozone's STOXX 600 falling 1.1%, Spain's IBEX 35 Index down 1.5%, London's FTSE 100 down 0.85%, Germany's DAX 40 declining 1.6%, and France's CAC 40 falling 1.9% [5] Asian Market - Asian markets closed mostly higher, with Japan's Nikkei gaining 0.47%, Hong Kong's Hang Seng Index rising 0.24%, China's Shanghai Composite Index falling 0.94%, and India's BSE Sensex gaining 0.95% [6] Stock Movements - Imunon, Inc. (IMNN) shares surged 155% to $1.07 after announcing new data from its Phase 2 OVATION 2 Study of IMNN-001. Powell Max Limited (PMAX) shares rose 84% to $0.5956, and BloomZ Inc. (BLMZ) shares gained 52% to $0.2033 following a business alliance announcement [8] - Conversely, Golden Heaven Group Holdings Ltd. (GDHG) shares dropped 51% to $2.26, and Bicara Therapeutics Inc. (BCAX) shares fell 42% to $9.06 after mixed results from a phase 1/1b trial [8] Housing Market - U.S. sales of new single-family homes climbed by 10.9% from the previous month to an annualized rate of 743,000 units [9]