①美国三大股指全线收跌，道指跌0.63%报48063.29点，标普500指数跌0.74%报6845.5点，纳指跌0.76% 报23241.99点； ⑧伦敦基本金属多数下跌，LME期锡跌3.54%报40470.0美元/吨，LME期铜跌0.49%报12496.5美元/吨， LME期镍跌0.46%报16750.0美元/吨，LME期铅跌0.22%报2005.5美元/吨，LME期铝涨0.57%报2997.0美 元/吨，LME期锌涨0.06%报3126.0美元/吨； ②热门中概股普跌，阿里巴巴跌0.52%，拼多多跌0.39%，网易跌2.01%，携程跌0.57%，百度跌1.30%， 京东跌0.03%； ⑨美债收益率集体上涨，2年期美债收益率涨2.67个基点报3.475%，3年期美债收益率涨3.65个基点报 3.536%，5年期美债收益率涨5.19个基点报3.725%，10年期美债收益率涨5.49个基点报4.175%，30年期 美债收益率涨4.67个基点报4.852%； ③大型科技股集体下跌，蔚来跌超7%，网易跌2%，百度跌超1%；哔哩哔哩微涨； ⑩英国10年期国债收益率跌2.3个基点报4.473%。 ④欧洲主要股指收盘小幅 ...

Core Viewpoint - The U.S. stock market experienced a volatile year in 2025, influenced by uncertainties surrounding President Trump's tariff policies and the enthusiasm for AI stocks, yet managed to achieve double-digit gains for the third consecutive year [4]. Economic Data - The U.S. labor market showed signs of stability, with initial jobless claims decreasing by 16,000 to 199,000, marking the third consecutive week of decline [3]. - The S&P 500 index recorded an annual increase of 16.39%, while the Nasdaq Composite surged by 20.36% due to the AI boom [3][4]. Market Trends - The Dow Jones Industrial Average rose by 12.97%, achieving its longest monthly winning streak since 2017, with a total of eight consecutive months of gains [4]. - The market is expected to see a broader distribution of investment opportunities in 2026, moving away from reliance on a few leading stocks [5]. Individual Stocks - Nvidia is seeking to increase production capacity with TSMC, while major tech stocks like Google, Apple, and Amazon experienced declines [7]. - Nike's stock rose by 4.1% after its CEO purchased shares, and Trump Media & Technology Group's stock increased by 5.3% following a partnership announcement [8]. Commodity Market - International oil prices fell, with WTI crude down 19.94% for the year, marking the largest decline since 2018 [9]. - Precious metals saw price drops after margin requirements were raised, with gold futures down 1.02% but still up 64.52% for the year, marking the largest annual increase since 1979 [9].

Core Viewpoint - The U.S. stock market closed 2025 with all three major indices achieving double-digit gains for three consecutive years, reaching new highs [1] Group 1: Major Indices Performance - The Nasdaq Composite Index increased by 20.36% over the year [1] - The S&P 500 Index rose by 16.39% [1] - The Dow Jones Industrial Average gained 12.98% [1] Group 2: Performance of Major Tech Stocks - Google saw an increase of over 65% [1] - TSMC (Taiwan Semiconductor Manufacturing Company) rose nearly 56% [1] - Broadcom increased by over 50% [1] - Nvidia gained approximately 39% [1] - Microsoft rose over 15% [1] - Meta Platforms increased by over 13% [1] - Tesla gained over 11% [1] - Apple rose by over 9% [1] - Netflix and Amazon both increased by over 5% [1] Group 3: Performance of Other Notable Companies - Eli Lilly increased by over 40% [1] - JPMorgan Chase rose by over 37% [1] - Walmart gained over 24% [1] - Berkshire Hathaway increased by over 10% [1] Group 4: Nasdaq China Golden Dragon Index - The Nasdaq China Golden Dragon Index increased by 11.33% for the year [1] - Futu Holdings rose over 105% [1] - Alibaba increased by over 75% [1] - NetEase gained over 58% [1] - Tencent Music rose over 56% [1] - Baidu increased nearly 55% [1] - Bilibili rose nearly 36% [1] - Pinduoduo gained nearly 17% [1] - JD.com decreased by nearly 15% [1] - Li Auto fell over 29% [1] Group 5: Top Market Capitalization Stocks - The top ten stocks by market capitalization in the U.S. include Nvidia, Apple, Google Class C, Google Class A, Microsoft, Amazon, Meta, Broadcom, TSMC, and Tesla [1]

在过去的一年里，纳斯达克中国金龙指数全年累计上涨11.33%。多家明星中概股交出亮眼答卷。其 中，阿里巴巴累计上涨超75%、网易涨58.28%、百度涨近55%。另外，阿特斯太阳能涨113.76%、富途 控股涨105.29%、世纪互联涨78.48%、小鹏汽车涨71.66%。 贵金属方面，12月31日纽约尾盘，现货黄金跌0.53%，报4316.59美元/盎司。现货白银跌6.16%，报 71.5733美元/盎司。期货也以大跌收盘，COMEX黄金期货跌1.24%，COMEX白银期货跌8.91%报70.98 美元/盎司。 2025年全年表现上，国际金银均创1979年以来最大年度涨幅，现货黄金年内累计上涨超64.55%，现货 白银年内累计上涨147.95%。 12月31日，WTI 2月原油期货收跌0.53美元，跌幅0.91%，报57.42美元/桶，2025年累计下跌将近20%。 布伦特2月原油期货收跌0.48美元，跌幅0.78%，报60.85美元/桶，2025年累计下跌超18%，创2020年以 来最大年度跌幅，连续第三年走低——创历史上最长年度下跌。 2025年美股收官，从全年表现来看，经历4月的颠簸后，标普500指数录 ...

有分析指出，美国最新披露的就业数据显示，失业人数下降，劳动力市场仍具韧性，打压了市场对美联储进一步降息的预期。据CME"美联储观察"，截至发稿，美 联储1月降息25个基点的概率降至16.1%，维持利率不变的概率为83.9%。 全线跳水 2025年收官日，美股全线下挫。 北京时间2026年1月1日凌晨，美股三大指数尾盘集体跳水，纳指、标普500指数均跌超0.7%，美股大型科技股全线收跌，特斯拉、博通跌超1%。 美东时间2025年12月31日，美股三大指数高开低走，尾盘加速跳水，截至收盘，标普500指数跌0.74%，全年累计涨幅为16.39%；纳指跌0.76%，全年累计涨幅为 20.36%；道指跌0.63%，全年累计涨幅为12.97%。 GMO资产配置联席主管Ben Inker预计，由于资金高度集中于昂贵的人工智能（AI）股票，标普500指数未来回报率或将不尽如人意，2026年或录得负回报。 美股大型科技股全线收跌，英伟达跌0.55%，苹果跌0.45%，谷歌-A跌0.27%，微软跌0.79%，亚马逊跌0.74%，Meta跌0.88%，博通跌1.07%，特斯拉跌1.04%。 美股矿业股亦集体大跌，Endeavour ...

记者丨吴桂兴 见习记者张嘉钰 12月31日美国大型科技股集体下跌，万得美国科技七巨头指数下跌0.61%。个股方面，特斯拉跌超1%， 脸书跌近1%。 从全年表现来看，谷歌年内累涨约66%，英伟达年内累涨约39%，微软2025年累涨超15%，Meta 2025年 累涨超13%，特斯拉年内累涨逾11%。科技"七巨头"中除了谷歌和英伟达外，其他5家在2025年都没跑 赢基准指数。 12月31日中概股多数下跌，纳斯达克中国金龙指数跌1.13%。热门中概股方面，脑再生跌超8%，蔚来跌 逾7%，小鹏汽车跌超4%，网易跌2%，百度跌超1%。 在过去的一年里，纳斯达克中国金龙指数全年累计上涨11.33%。多家明星中概股交出亮眼答卷。其 中，阿里巴巴累计上涨超75%、网易涨58.28%、百度涨近55%。另外，阿特斯太阳能涨113.76%、富途 控股涨105.29%、世纪互联涨78.48%、小鹏汽车涨71.66%。 2025年全年表现上，国际金银均创1979年以来最大年度涨幅，现货黄金年内累计上涨超64.55%，现货 白银年内累计上涨147.95%。 编辑丨谭婷 当地时间12月31日，美国三大股指全线收跌，道指跌0.63%，标普5 ...

Market Overview - US stock indices opened slightly higher but turned negative, with the Dow Jones down 0.24%, S&P 500 down 0.22%, and Nasdaq down 0.24% [1] - The Nasdaq China Golden Dragon Index fell by 0.98% [2] Economic Indicators - Initial jobless claims in the US dropped to 199,000, the lowest level this year, against an economist median estimate of 218,000 [2] - The recent data fluctuations align with typical holiday patterns, including Christmas and newly announced federal holidays [2] Federal Reserve Insights - The Federal Reserve lowered the benchmark interest rate by 25 basis points to a range of 3.5%-3.75%, with a notable dissent of 3 votes, the highest since 2019 [3] - Most officials believe further rate cuts may be appropriate if inflation decreases as expected, while some argue rates should remain unchanged for a period [3] - Following the December meeting minutes, traders adjusted their expectations to two rate cuts in 2026, down from three [3] Stock Predictions - UBS strategists forecast a 10% year-over-year increase in S&P 500 earnings, predicting the index will rise to 7,700 by the end of next year [5] - Sanctuary Wealth's chief investment strategist anticipates technology stocks will lead the market until 2030, with the S&P 500 potentially reaching between 10,000 and 13,000 by then [5] - GMO's co-head of asset allocation warns that due to high concentration in expensive AI stocks, future returns for the S&P 500 may be disappointing, with a potential negative return in 2026 [5] Company-Specific Developments - Trump Media Technology Group saw its stock rise over 7% before narrowing gains, with a current price of $13.110, reflecting a 4.30% increase [6][7] - The company announced plans to distribute new digital tokens to shareholders, with each shareholder receiving one token per share of DJT stock, potentially offering benefits related to its products [7] - Trump Media Technology Group launched five ETFs focused on "America First" themes, investing in sectors like commercial real estate, energy, defense, and technology [8] - Trump Mobile delayed the delivery of its gold smartphone due to recent government shutdowns, indicating potential supply chain issues [8]

记者丨 吴桂兴 见习记者张嘉钰 编辑丨谭婷 当地时间12月31日，美国三大股指全线收跌，道指跌0.63%，标普500指数跌0.74%，纳指跌 0.76%，均录得四连跌。 | 美股指数 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48063.29 | 23241.99 | 6845.50 | | -303.77 -0.63% -177.09 -0.76% -50.74 -0.74% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7529.74 | 25434.75 | 6893.75 | | -86.29 -1.13% -240.50 -0.94% -50.50 -0.73% | | | 12月31日， WTI 2月原油期货收跌0.53美元，跌幅0.91%，报57.42美元/桶，2025年累计下跌 将近20%。布伦特2月原油期货收跌0.48美元，跌幅0.78%，报60.85美元/桶，2025年累计下跌 超18%，创2020年以来最大年度跌幅，连续第三年走低——创历史上最长年度下跌。 加密货币方面，知名品种涨跌不一，比特币微跌0 ...

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【2026年1月1日，"全球视野"十大核心资产揭晓，谷歌等入选】该名单由全球70多个国家的数千万会员 票选得出。这十大核心资产精准覆盖AI算力、半导体、能源转型、全球贸易等关键领域，契合人类文 明进化趋势。 为应对复杂宏观环境，更灵活精准捕捉市场机会，十大核心资产将进行"季度调整"。 ...

*三大股指下挫，纳指跌超0.7%； *中长期美债收益率回升，2年期美债报3.48%； *黄金创1979年以来最大年度涨幅。 2025年最后一个交易日，美股尾盘跳水收跌，录得四连阴。截至收盘，道琼斯工业平均指数下跌303.77 点，跌幅0.63%，报48063.29点，纳指跌0.76%，报23241.99点，标普500指数跌0.74%，收于6845.50点。 标普500指数全年累计上涨16.39%，实现连续第三年两位数年度涨幅，纳斯达克综合指数借力人工智能 热潮，全年涨幅达20.36%，道指上涨12.97%，受成分股中科技股占比较低的影响，其涨幅稍显逊色。 市场概述 近期的获利了结行情，也可能预示着市场未来将出现一定波动。华尔街策略师预计，标普500指数在 2026年有望再度实现两位数涨幅，但不少人担忧，随着企业盈利增长逐步追赶当前高企的估值倍数，股 市在2026年的大部分时间或处于区间震荡走势。 中长期美债收益率上扬，基准10年期国债收益率涨3.5个基点，报4.163%；与利率预期关联密切的2年期 国债涨2.1个基点，报3.475%。 个股方面，英伟达已接洽台积电，寻求提高产能。英伟达跌0.5%，台积电涨 1 ...