美股三大指数集体收涨，道指涨0.17%，纳指涨0.39%，标普500指数涨0.06%，大型科技股涨跌不一， Meta、博通涨超1%，特斯拉跌超5%。加密货币、半导体设备涨幅居前，Circle涨超16%，Coinbase涨超 7%，康特科技涨超3%，阿斯麦涨超2%。汽车制造、油气设备跌幅居前，西方石油、Rivian跌超7%，通 用汽车跌超3%，康菲石油跌超2%。 来源：智通财经 ...

Market Performance - The three major US stock indices reached new closing highs, with the Dow Jones up 0.17% at 46,519.72 points, the Nasdaq up 0.39% at 22,844.05 points, and the S&P 500 up 0.06% at 6,715.35 points [1][3][2] Individual Stocks - Tesla's stock fell over 5%, resulting in a market value loss of more than $75 billion, closing at $436 per share despite record delivery and production numbers [5][6] - Other notable movements included Meta and Broadcom rising over 1%, while Circle surged over 16% and Coinbase increased over 7% [5] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 1.06%, with most popular Chinese stocks experiencing gains, including Century Internet up over 4%, Alibaba, NIO, and Kingsoft up over 3% [8][1] Commodity Prices - International gold prices continued to rise, with London spot gold nearing $3,900 per ounce and COMEX gold futures surpassing $3,923 per ounce [12][10] - Goldman Sachs highlighted gold's appeal as a hedge against economic slowdown and market uncertainties, predicting further price increases due to strong interest from private investors [15]

转自：证券时报 人民财讯10月3日电，美股三大指数10月2日均创收盘历史新高，截至收盘，道指涨0.17%，标普500指 数涨0.06%，纳指涨0.39%。大型科技股涨跌不一，Meta、博通涨超1%，特斯拉跌超5%。汽车制造、油 气设备跌幅居前，西方石油、Rivian跌超7%，通用汽车跌超3%，康菲石油跌超2%。纳斯达克中国金龙 指数收涨1.06%，热门中概股多数上涨，世纪互联涨超4%，阿里巴巴、蔚来、金山云涨超3%，百度涨 超2%，哔哩哔哩、理想汽车涨超1%；名创优品跌超3%。 ...

另据wind，鲍威尔同日在一场公开讲话中表示，当前资产价格整体处于"较高水平"，引发市场对估值过 热的担忧，主要股指随即转跌。 市场上，当地时间9月23日，美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500指数跌 0.55%。 （原标题：鲍威尔发声！美股三大指数收跌，英伟达市值蒸发超8900亿元） 据央视新闻报道，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态，指出就业市场下 行风险增大，是促使美联储上周采取降息行动的关键原因。 鲍威尔表示，此举是政策立场转向"中性"的一步，并强调未来政策没有预设方向。他承认当前通胀水平 仍略高于目标，8月核心PCE通胀率预计为2.3%，其中商品价格上涨主要反映了关税影响，而非广泛的 通胀压力。 鲍威尔同时指出，消费者支出已出现放缓迹象，企业信心受不确定性影响，劳动力市场活力有所减弱。 他判断，关税可能会在未来几个季度导致通胀有所上升，但关税带来的通胀可能"相对短暂"，美联储将 防范一次性物价上涨演变为持续性问题。 大型科技股普遍下跌，甲骨文跌超4%，亚马逊跌超3%，英伟达跌超2%，市值一夜蒸发1259亿美元（约 合人民币8954亿元），特斯拉 ...

记者丨张嘉钰 王应贵 编辑丨陈思颖 和佳 据央视新闻报道，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态， 指出就 业市场下行风险增大，是促使美联储上周采取降息行动的关键原因 。 图源：新华社 鲍威尔同时指出，消费者支出已出现放缓迹象，企业信心受不确定性影响，劳动力市场活力有 所减弱。他判断，关税可能会在未来几个季度导致通胀有所上升，但关税带来的通胀可能"相 对短暂"，美联储将防范一次性物价上涨演变为持续性问题。 另据wind，鲍威尔同日在一场公开讲话中表示， 当前资产价格整体处于"较高水平"，引发市 场对估值过热的担忧，主要股指随即转跌。 市场上，当地时间9月23日，美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500 指数跌0.55%。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 46292.78 | 22573.47 | 6656.92 | | -88.76 -0.19% -215.51 -0.95% -36.83 -0.55% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 8391.62 | 248 ...

来源：市场资讯 （来源：每日经济新闻） 据央视新闻9月24日消息，当地时间9月23日，美联储主席鲍威尔就政策动向及经济形势表态，指出就业 市场下行风险增大，是促使美联储上周采取降息行动的关键原因。 鲍威尔表示，此举是政策立场转向"中性"的一步，并强调未来政策没有预设方向。他承认当前通胀水平 仍略高于目标，8月核心PCE通胀率预计为2.3%，其中商品价格上涨主要反映了关税影响，而非广泛的 通胀压力。 鲍威尔同时指出，消费者支出已出现放缓迹象，企业信心受不确定性影响，劳动力市场活力有所减弱。 鲍威尔。图片来源：视觉中国 这些预测显示，在复杂的政策环境下，就业市场出现裂痕的担忧正在上升，使得经济形势更难判断。 有人问及鲍威尔和其他美联储官员在多大程度上关注市场价格，以及是否对高估值有更高的容忍度。 鲍威尔回应称："我们确实会关注整体金融环境，并自问我们的政策是否以我们期望的方式影响金融环 境。但你说得对，从很多指标来看，例如股市价格，目前确实相对偏高。" 自美联储上周三宣布降息25个基点以来，美股市场继续攀升，三大股指不断刷新历史新高。 "市场会听我们说什么，并进行解读，判断利率可能走向，并将这些预期计入价格，"鲍 ...

纳斯达克中国金龙指数收跌2.22%，热门中概股普跌，房多多跌13%，百度跌8%，新东方、京东、文远 知行、理想、腾讯、小米、百胜中国、阿里至少跌约0.7%，网易和蔚来则涨超0.3%，台积电涨3.7%， 小马智行涨3.8%。 格隆汇9月24日｜美股三大指数集体收跌，道指跌0.19%，纳指跌0.95%，标普500指数跌0.55%，大型科 技股普遍下跌，甲骨文跌超4%，亚马逊跌超3%，英伟达跌超2%，微软跌超1%。加密货币概念股跌幅 居前，Circle跌超4%，Coinbase跌超3%。油气设备、能源股走高，哈利伯顿涨超7%，纳伯斯实业涨超 5%。 ...

Summary of Conference Call on North American Export Chain Industry Overview - The export chain is the only direction in the machinery sector with actual performance support, driven by real export data rather than technology concepts [1][2] - The North American market may experience a pendulum-like decline due to tariff policies and macroeconomic influences, but tariff disturbances often present buying opportunities rather than selling reasons [1][4] Key Insights and Arguments - **Strong Performance of North American Companies**: Companies like Alpha in the North American chain have shown strong performance, with leading firms in consumer goods, engineering machinery, oil and gas, and apparel demonstrating significant market share and branding transformation [1][6] - **Current Economic Environment**: The exchange rate remains around 7.2, and domestic deflation benefits export companies by allowing them to earn USD revenue at RMB costs, enhancing profitability [1][7] - **Investment Opportunities**: A potential configuration window for North American chain companies may arise amid expectations of U.S. economic recession or interest rate cuts, making short-term adjustments good buying opportunities [1][8] - **Valuation of Export Chain Companies**: Current valuations for export chain companies range from 10 to 20 times earnings, which remain attractive in the long term, suggesting that insurance capital should overweight leading companies with global operational capabilities [1][11] Sector-Specific Focus - **Sub-sectors to Watch**: Key sub-sectors within the export chain include engineering machinery, oil and gas equipment, textile and apparel equipment, and mining equipment. Despite some performance adjustments this year, these areas still present opportunities [1][5] - **Impact of Tariff Policies**: Tariff issues are seen more as emotional disturbances rather than substantial negative impacts, with the potential for buying opportunities arising from market adjustments [1][10] Market Dynamics - **Recent Developments**: In 2025, the export chain's performance has diverged from previous years, with initial strong quarterly results leading to high market expectations, followed by a second-quarter correction. However, this has not resulted in significant stock declines [3] - **Macroeconomic Influences**: The North American market is currently in a phase of active inventory reduction, adding short-term uncertainty. The overall macroeconomic environment is seen as more favorable than unfavorable for the export chain [4][18] Risks and Considerations - **Profitability Risks**: Export chain companies face risks related to increasing overseas exposure, which may slow profit growth. Current high net profit levels are supported by favorable exchange rates and stable raw material prices, but maintaining these levels in the long term is uncertain [16][17] - **Short-term Volatility Factors**: Potential short-term volatility may arise from tariff expectations, U.S. economic recession fears, and monthly data fluctuations, but these may provide good re-entry opportunities for investors [12] Conclusion - The North American export chain remains a compelling investment direction, with strong performance from leading companies and favorable macroeconomic conditions. Investors are encouraged to focus on leading firms with global capabilities and to view short-term adjustments as potential buying opportunities [1][18]

Group 1: Natural Gas Development in the Middle East - The acceleration of natural gas development in the Middle East is driven by the energy transition and increasing power generation demand, creating a strategic window for development [3][5] - Two leading equipment companies have secured significant orders in the Middle East, with one company obtaining a $1.5 billion order, accounting for 10% of the market share, and another company expected to double its orders over three years [2][3] - The expansion of the entire natural gas extraction, processing, liquefaction, and transportation chain is anticipated to significantly boost engineering construction and high-end equipment demand in the region [3] Group 2: Small Nucleic Acid Drugs in the Pharmaceutical Industry - Small nucleic acid drugs are emerging as the third major category of pharmaceuticals, with Chinese pharmaceutical companies securing over $6 billion in business development (BD) deals [7][8] - The market for small nucleic acid drugs is expected to grow, particularly in chronic disease treatment, with a focus on hepatitis B and cardiovascular diseases [7][8] - The increasing frequency of large BD deals highlights the potential of early-stage chronic disease pipelines in the pharmaceutical sector [8]

Group 1 - The second phase of the liquefied hydrocarbon terminal project by Sinopec officially commenced operations on July 7, 2025, enhancing the storage and transportation capacity of liquefied hydrocarbons in South China [1] - A memorandum of cooperation was signed between Petrochemical Machinery and the Abu Dhabi National Oil Company on July 7, 2025, focusing on deepening technical collaboration in the oil and gas equipment sector [1] - Zhejiang Petroleum opened 35 Easy Car Maintenance service stores on July 6, 2025, marking progress in extending its non-oil business into the automotive aftermarket [1] Group 2 - The traditional energy equipment industry is experiencing sustained prosperity and accelerating overseas expansion, supported by historically low U.S. oil inventories and the upcoming peak oil consumption season from June to September [1] - Geopolitical factors such as U.S.-Iran nuclear negotiations, the Russia-Ukraine conflict, and China-U.S. tariffs are impacting the industry [1] - Chinese oil and gas equipment companies are rapidly expanding overseas, with overseas orders contributing to profitability [1] Group 3 - The new energy equipment sector is witnessing an uptrend in capital expenditure and market conditions for controllable nuclear fusion, with commercialization becoming increasingly feasible [1] - In the past five years, numerous startups in the nuclear fusion industry have emerged, with active investment and financing, leading to significant technological advancements [1] - The domestic nuclear fusion industry has accelerated its bidding process since 2025, with increased capital expenditure expected to drive demand for upstream components and equipment [1]