*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 ...

美股三大指数小幅收跌，连续三年录得超两位数涨幅。纳指跌0.76%，12月累跌0.53%，2025年累涨 20.36%；标普500指数跌0.74%，12月累跌0.05%，终结月线七连涨，2025年累涨16.39%；道指跌 0.63%，12月累涨0.73%，录得月线八连涨，2025年累涨12.98%。谷歌2025年累涨约66%，英伟达2025 年累涨约39%，微软2025年累涨超15%，Meta 2025年累涨超13%，特斯拉2025年累涨逾11%，苹果2025 年累涨超9%，奈飞、亚马逊2025年累涨超5%。 本文源自：格隆汇 ...

欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 1月1日收盘：美股周三收跌 三大指数2025年均录得涨幅 1月1日美股成交额前20：传今年英伟达GPU将大幅涨价 1月1日热门中概股普跌 小鹏汽车跌4.65%，蔚来跌7.27% 油价录得2020年以来最大年度跌幅 现货黄金2025年涨超60% 现货白银全年涨约148% 欧洲股市收于近纪录高位 创2021年以来最佳年度表现 宏观 特朗普：将从芝加哥、洛杉矶和波特兰撤走国民警卫队 谈判受挫后 特朗普转发批评普京的社论 特朗普连任后首次动用否决权 叫停两党基建项目 遭报复指控 美国在南方司令部辖区内打击三艘贩毒船 造成三人死亡 美国制裁四艘与委内瑞拉有关的原油油轮 美国与盟友商讨加强对乌克兰的安全保障 美政府终止数万移民临时保护身份遭法官叫停 美方延长塞尔维亚石油公司运营许可 美国申请失业救济人数下滑，为就业市场颠簸的一年画上句号 保加利亚加入欧元区 成为第21个使用欧元的国家 土耳其宣布对持普通护照中国公民免签 公司 来源：环球市场播报 谷歌创2009年以来华尔街最佳表现，AI业务势头强劲跑赢科技同行 评论 沃伦·巴菲特正式退休 卸任伯克希尔 10年期美 ...

1月1日热门中概股普跌，纳斯达克中国金龙指数（HXC）收跌1.13%。 上涨股当中（按市值从高到低），台积电涨1.45%，日月光半导体涨0.44%，华住酒店集团涨0.15%，哔 哩哔哩涨0.16%。 下跌股当中（按市值从高到低），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%，中华电信跌0.17%，腾讯音乐跌0.74%，富途控股跌0.64%，联电跌 1.32%，小鹏汽车跌4.65%，贝壳跌0.57%，理想汽车跌1.97%，中通跌1.07%，蔚来跌7.27%，满帮跌 2.01%，中国新城农村跌0.22%，BOSS直聘跌0.34%，唯品会跌1.83%，新东方跌0.90%。 美股周三小幅收低。标普500指数录得连续第四个交易日下滑。三大股指在2025年均录得涨幅，其中标 普500指数上涨16.4%。 道指跌303.77点，跌幅为0.63%，报48063.29点；纳指跌177.09点，跌幅为0.76%，报23241.99点；标普 500指数跌50.74点，跌幅为0.74%，报6845.50点。 标普500指数录得连续第四个交易日下跌。尽管如此，该指数 ...

北京时间1月1日凌晨，美股周三尾盘小幅走低，标普500指数可能录得连续第四个交易日下滑。美股交 易进入2025年的最后一个交易日，标普500指数今年有望录得17%的涨幅。 道指跌151.69点，跌幅为0.31%，报48215.37点；纳指跌86.77点，跌幅为0.37%，报23332.31点；标普 500指数跌23.28点，跌幅为0.34%，报6872.96点。 主要股指均有可能迎来连续第四个交易日下跌。但尽管如此，标普500指数仍有望锁定全年17%的涨 幅，这是其连续第三年实现两位数的年度涨幅。 纳斯达克综合指数受益于人工智能热潮，今年迄今已上涨21%。 道指在2025年上涨13%，其涨幅落后的主要原因是其科技股的权重较低而略受拖累。 这标志着市场从今年4月初美国总统特朗普宣布全面提高关税引发的暴跌之后实现了显著反弹。今年4月 特朗普突然宣布关税措施后，标普500指数一度濒临进入熊市，较2月高点下跌近19%，并自2024年4月 以来首次收于5000点下方。 尽管如此，近期美股的下跌仍有些令人担忧，因为一年中最后五个交易日以及下一年的前两个交易日通 常是季节性表现强劲的时期——常被称为"圣诞老人涨势"（San ...

Group 1: Core Insights - The tech industry is experiencing a significant wave of layoffs, with major companies like Amazon and Salesforce announcing substantial job cuts while simultaneously seeing stock price increases, indicating a shift in market perception towards efficiency driven by AI [3][5][6] - The layoffs are characterized as a structural change linked to the rise of AI, with companies reducing workforce numbers to enhance operational efficiency and profitability [4][9] - The wealth concentration among tech billionaires is accelerating, with notable figures like Elon Musk seeing their net worth soar, highlighting the financial benefits of AI advancements for a select few [7][14] Group 2: Layoff Trends - In 2025 alone, global tech companies have cut nearly 100,000 jobs, with the largest monthly layoffs reaching 24,500 positions [3][5] - Amazon has laid off over 27,000 employees since 2022, while Microsoft and Intel have also made significant cuts, reflecting a widespread trend across the tech sector [5][6] - Meta's approach to layoffs, which reportedly involves determining cuts based on code contribution, illustrates a new, harsher evaluation of employee value in the AI era [5][9] Group 3: Market Reactions - The market is reacting positively to layoffs, with companies like Amazon seeing stock prices rise by over 12% following announcements of job cuts, indicating a new capital logic that values efficiency over workforce size [6][11] - The perception of layoffs has shifted from a sign of distress to a strategy for enhancing AI capabilities, with executives presenting these decisions confidently rather than defensively [6][12] Group 4: Value Redefinition - The rise of AI is fundamentally altering how talent is valued, with a stark divide emerging between ordinary and top-tier engineers, where the latter can leverage AI to create exponentially greater value [9][10] - Companies are increasingly prioritizing AI expertise over traditional roles, leading to a significant restructuring of job categories and the elimination of many lower-skilled positions [10][11] Group 5: Economic Implications - AI is reshaping corporate cost structures, with companies like Amazon reporting strong profit growth despite ongoing layoffs, suggesting that AI is becoming a core driver of efficiency and profitability [11][12] - The long-term impact of AI on the labor market is complex, with potential job displacement for lower-skilled workers and a hollowing out of mid-level positions, while also creating new opportunities in AI-related fields [13][14]

Market Overview - The Dow Jones Industrial Average (DJIA) fell by 114.15 points, a decrease of 0.24%, closing at 48,252.91 points, while the Nasdaq Composite dropped by 45.60 points, down 0.19%, to 23,373.48 points, and the S&P 500 index declined by 15.54 points, a 0.23% drop, ending at 6,880.70 points [3][10] - Despite the recent declines, the S&P 500 is projected to achieve a 17% increase for the year, marking its third consecutive year of double-digit annual gains [3][10] Sector Performance - The Nasdaq Composite has benefited from the AI boom, showing a year-to-date increase of 21% [3][10] - In 2025, the narrative around AI has diversified, with performance spreading to other sectors, and the so-called "Magnificent Seven" stocks showing varied results [5][13] - Alphabet, Google's parent company, has emerged as a significant winner with a year-to-date increase exceeding 65%, while Amazon's performance lagged with only about a 6% increase [6][13] Economic Indicators - Initial jobless claims for the week ending December 27 were reported at 199,000, the lowest since November 29, and below the market expectation of 220,000 [6][14] - The trend indicates a stable employment environment with fewer layoffs, as initial claims have decreased over the past four weeks [7][14] - The number of continuing claims also fell by 47,000 to 1.87 million [15]

Group 1 - The annual event hosted by Luo Yonghao experienced delays and was criticized for resembling a large-scale live-streaming sales event, reflecting a broader trend in tech product launches where performance often overshadows substance [1][2] - Despite the criticisms, the event was noted for its authenticity, as the team focused on genuine product demonstrations rather than elaborate staging, which is a departure from traditional tech launch events [1] - The event's unique positioning on Douyin's selected content platform raises questions about the choice of platform, indicating a shift in user preferences towards long-form content consumption [4][6][10] Group 2 - Douyin's commitment to high-quality content is evident, with creators who understand user preferences and produce engaging material, contributing to a thriving ecosystem [7][11] - The success of long-form content on Douyin is illustrated by popular series that have garnered millions of likes, showcasing a growing demand for deeper content [11] - The recognition of creators at the event highlights the platform's focus on quality and innovation, with awards given to those who excel in scientific communication and creative visual content [12][15] Group 3 - The integration of AI features on Douyin enhances user experience by allowing for real-time question answering and content summarization, improving the consumption of educational material [18][19][21] - The platform's emphasis on fostering a deep connection between users and content creators reflects a strategic shift towards nurturing a sustainable content ecosystem [21] - Luo Yonghao's understanding of this dynamic is evident in his recognition of creators, suggesting a new era for high-quality content on Douyin [21]

Market Overview - The U.S. stock market opened slightly higher but turned to decline, with the Dow Jones down by 117.32 points (-0.24%), Nasdaq down by 40.22 points (-0.17%), and S&P 500 down by 12.48 points (-0.18%) [2] - Major tech stocks showed poor performance, with most of the "Big Seven" tech companies in the U.S. experiencing declines [2] Tech Stocks Performance - Nvidia opened high but saw its gains diminish, while other tech giants like Tesla, Google, Apple, Microsoft, Amazon, and Meta Platforms also recorded slight declines [3] - The Nasdaq Golden Dragon China Index saw a decline of over 1%, with notable drops in companies like Li Auto (-8.2%), Xpeng (-5.9%), and NIO (-4.9%) [3] Precious Metals and Commodities - Precious metals experienced a significant drop, with platinum down by 7.87% and silver down by 6.46% as of the latest reports [4][5] - Gold prices showed a slight increase of 0.03%, while crude oil futures saw a minor rise [4] Wealth Increase Among Billionaires - The wealth of the world's top 500 billionaires surged by a record $2.2 trillion in 2025, with a significant portion attributed to just eight individuals, including Elon Musk and Jeff Bezos [6] Federal Reserve's Monetary Policy - The Federal Reserve's recent meeting minutes indicated a lack of consensus on interest rate cuts, suggesting potential future easing that could benefit the stock market [8] - Analysts predict that the Fed may have room for further rate cuts, which could positively impact small and mid-cap companies [8]

Group 1 - The US stock market experienced a slight decline on December 31, with the Dow Jones dropping nearly 200 points and the Nasdaq falling approximately 0.4% [2] - Chinese concept stocks saw a more significant drop, with the index declining by 1.4% [4] - Notable declines were observed in electric vehicle manufacturers, with NIO falling nearly 10% and other companies like Xpeng and Li Auto also experiencing significant losses [5][6] Group 2 - The anticipated year-end rally in the US stock market, often referred to as the "Santa Rally," has not materialized, attributed to traders delaying major decisions during the holiday season [9] - Despite a strong performance in 2023 driven by optimism around artificial intelligence, market volatility remains high due to concerns over trade policies and geopolitical tensions [9] - Analysts expect the S&P 500 index to achieve double-digit growth in 2026, but there are concerns about prolonged market fluctuations until corporate earnings catch up with high valuations [10]