Core Viewpoint - The U.S. stock market experienced a significant decline, with the Nasdaq and S&P 500 indices recording their largest single-day drops since April 10, driven by a provocative statement from former President Trump [1][3]. Market Performance - The Nasdaq Composite Index fell by 3.56%, closing at 22,204.43 points, while the S&P 500 Index dropped by 2.71%, ending at 6,552.51 points, marking their largest single-day declines since April 10 [3][4]. - For the week, the S&P 500 Index decreased by 2.43%, the largest weekly drop since June, and the Nasdaq Index fell by 2.53%, the largest weekly decline since April [3][4]. Major Stock Movements - Major technology stocks saw significant declines, with the Wande American Technology Seven Giants Index dropping by 3.65%. Notable individual stock performances included: - Tesla down over 5% - Amazon down over 5% - Nvidia down nearly 5% - Apple and Facebook down over 3% - Microsoft down over 2% - Google down nearly 2% [11][12]. Chinese Stocks Performance - Chinese stocks also faced substantial losses, with the Nasdaq Golden Dragon China Index falling by 6.1%. Key declines included: - Alibaba down 8.45% - Bilibili down over 9% - Baidu and Xpeng down over 8% - JD.com down over 6% [13][14]. Commodity Market - International oil prices saw a notable decline, with U.S. crude futures dropping by 4.24% to $58.90 per barrel, and Brent crude futures falling by nearly 3.82% to $62.73 per barrel. Gold prices, however, increased by over 1% [16][15].

商 品 研 究 2025 年 10 月 9 日 原油：季节性累库开启，暂时震荡市 黄柳楠 投资咨询从业资格号：Z0015892 huangliunan@gtht.com 【国际原油】 WTI11 月原油期货收涨 0.82 美元/桶，涨幅 1.33%，报 62.55 美元/桶；布伦特 12 月原油期货 收涨 0.80 美元/桶，涨幅 1.22%，报 66.25 美元/桶。 1、USGC 原油套利 | 原油品种 | 状态 | 价值 | 市场供需情况分析 | | --- | --- | --- | --- | | Arab Extra Light vs WTI | Closed | -6.16 | 轻质原油竞争激烈：中东轻质原油相对于美国 本土原油无经济性，表明美国轻质原油供应充 | | MEH | | | | | | | | 足，炼厂偏好本地低成本原料 | | | | | 大西洋盆地供应充足：安哥拉原油无法与美国 | | Nemba vs WTI MEH | Closed | -5.55 | 本土原油竞争，反映大西洋盆地中等含硫原油 | | | | | 供应过剩，价差需要扩大才能刺激进口 | | | | | 北海 ...

（责任编辑：康博） WTI 11月原油期货收涨0.82美元，涨幅1.33%，报62.55美元/桶。布伦特12月原油期货收涨0.80美 元，涨幅1.22%，报66.25美元/桶。中东Abu Dhabi Murban原油期货涨1.50%，报67.68美元/桶。NYMEX 11月天然气期货收跌超4.17%，报3.3330美元/百万英热单位。NYMEX 11月汽油期货收报1.9095美元/加 仑，NYMEX 11月取暖油期货收报2.2913美元/加仑。 ...