Market Overview - US stock market experienced an overall increase, with the Dow Jones rising by 68.78 points (0.15%) to 46,316.07, the Nasdaq up by 0.48% to 22,591.15, and the S&P 500 gaining 0.26% to 6,661.21 [2] - Notable tech stocks showed mixed performance, with Nvidia up 2.0%, Amazon up 1.1%, and Tesla up 0.6%, while Meta, Oracle, Apple, and Google saw slight declines [3] - Electronic Arts (EA) shares surged by 4.5% following the announcement of a $55 billion acquisition, marking the largest leveraged buyout attempt in history, with a 25% premium [3] - Western Digital shares increased by 8.8% after Morgan Stanley raised its target price for the data storage manufacturer [4] - The Nasdaq Golden Dragon China Index rose over 2%, with Alibaba up 4.6%, JD.com up 3.3%, and Baidu up 2.7% [4] Commodity Prices - International oil prices fell significantly, with WTI crude down 3.45% to $63.45 per barrel and Brent crude down 3.08% to $67.97 per barrel, attributed to increased global oil supply [4] - Gold prices reached a new historical high, with COMEX gold futures for September delivery rising 1.18% to $3,820.90 per ounce [5] Economic Data - US existing home sales unexpectedly rose by 4% in August, reversing a 0.3% decline in July, driven by falling mortgage rates [7] - Oxford Economics indicated that as 30-year fixed mortgage rates approach 6%, the housing market is expected to stabilize and improve significantly [7] Government and Policy - The risk of a US government shutdown looms, with potential impacts on market performance if bipartisan agreement on spending bills is not reached [7][8] - President Trump announced a 100% tariff on movies produced outside the US and high tariffs on non-domestically produced furniture [8] - Federal Reserve officials expressed the need to maintain restrictive monetary policy to curb inflation, with the next meeting showing a 89% probability of a 25 basis point rate cut [9]