Market Overview - The three major stock indices rose, with the S&P 500 approaching 6900 points, closing at 6886.68 points, up 0.67% [1] - The Federal Reserve announced a 25 basis point interest rate cut, aligning with market expectations, leading to a 1.05% increase in the Dow Jones, which closed at 48057.75 points [1] - The 2-year Treasury yield fell nearly 5 basis points to 3.564%, while the 10-year Treasury yield decreased by 2.4 basis points to 4.163% [4] Popular Stocks Performance - Major tech stocks showed mixed results: Amazon rose by 1.7%, Tesla by 1.4%, Google by 1.0%, Oracle by 0.7%, and Apple by 0.6%. However, Nvidia fell by 0.6% and Meta by 1.0% [2] - In the banking sector, JPMorgan rose by 3.2%, Wells Fargo by 2.0%, and Goldman Sachs, Citigroup, and Bank of America all increased by over 1% [3] Economic Indicators - The Federal Reserve's decision to cut rates was supported by a 9-3 vote, with future actions dependent on employment and inflation signals [4] - The Fed's economic forecast for GDP growth in 2026 was raised from 1.8% to 2.3%, while the unemployment rate estimate for next year remained at 4.4% [4] - Market sentiment improved as traders anticipated a 78% probability that the Fed would keep rates unchanged in January [4] Company-Specific Developments - General Electric's energy division surged nearly 16% after announcing a doubling of its quarterly dividend and expanding its stock buyback program, with 2025 revenue expectations nearing the upper limit of $36 to $37 billion [4] - Netflix saw a decline of 4.1%, while Warner Bros. Discovery rose by 4.5% amid acquisition competition with Paramount [5] Commodity Performance - International oil prices rebounded, with WTI crude oil rising by 0.36% to $58.46 per barrel and Brent crude oil increasing by 0.44% to $62.21 per barrel [6] - Gold prices fluctuated, with COMEX gold futures dropping by 0.24% to $4196.40 per ounce, but later trading around $4240 following the Fed's decision [7] - Silver reached a historic high, with COMEX silver futures surpassing $62, gaining over 2% in the day [7]

Economic Overview - The geopolitical tensions in the Middle East have led to a significant increase in commodity prices, with IPE crude oil futures rising by 12.8%, the S&P-Goldman Commodity Index increasing by 4.9%, and London gold prices up by 3.7%[7] - The U.S. stock market saw a decline of 0.4%, while the Hang Seng Index and Nikkei 225 rose by 0.4% and 0.2%, respectively[7] - The 10-year U.S. Treasury yield fell by 10 basis points to 4.41%[7] Inflation and Consumer Confidence - In May, the U.S. CPI year-on-year increased to 2.4%, slightly above the previous value of 2.3% but below market expectations of 2.4%[8] - The core CPI remained steady at 2.8%, while the month-on-month CPI rose by 0.1%, lower than the expected 0.2%[8] - The Sentix investor confidence index for June improved significantly by 12.5 points to -5.4, indicating a marginal recovery in investor sentiment[10] - The University of Michigan's consumer confidence index for June rebounded to 60.5, significantly exceeding the market expectation of 53.6[13] Inflation Expectations - Short-term inflation expectations have notably decreased, with the 5-year inflation expectation dropping by 4 basis points to 2.31% and the 10-year expectation falling by 3 basis points to 2.28%[15] Policy Outlook - Following the May inflation data, former President Trump called for the Federal Reserve to lower interest rates, emphasizing the need to reduce debt costs[23] - The European Central Bank (ECB) officials indicated that future rate cuts would depend on economic data, with the potential for further cuts in 2025[24] Risk Factors - There are risks associated with unexpected adjustments in overseas monetary policies and uncertainties surrounding tariff policies[25]