来源：同壁财经 美股三大指数全线收跌，道指跌0.84%，标普500指数跌1.56%，纳指跌幅达2.15%。市场经历剧烈波 动，纳指盘中振幅超1100点，科技股与芯片股领跌，费城半导体指数重挫近5%。今日早盘，日经225指 数、韩国综合指数开盘大跌。 纳斯达克中国金龙指数收跌3.26%，热门个股普遍回调，阿里巴巴跌超 3%，哔哩哔哩、百度跌幅超4%。伦敦金、银现货价格小幅波动。 短期市场焦点集中于美联储12月议息 会议，9月非农新增就业数据超预期但失业率升至四年高点，叠加美联储内部分歧，12月降息概率小幅 升至39%，需警惕科技股高估值与流动性收紧风险。 纳斯达克ETF（513300）跟踪纳斯达克100指数， 其持仓覆盖AMD、苹果、英伟达、微软、亚马逊等全球知名科技公司，龙头属性突出，聚焦AI主线。 ...

Market Performance - The three major U.S. stock indices showed mixed results, with the Nasdaq rising by 0.55%, the Dow Jones slightly declining by 0.16%, and the S&P 500 remaining mostly flat [1] - Notable performance in technology stocks included Nvidia, which rose approximately 3% and surpassed a market capitalization of $5 trillion; Apple and Tesla also saw slight increases [1] Federal Reserve Actions - The Federal Reserve lowered interest rates by 25 basis points as expected, but Chairman Powell indicated that a rate cut in December is "far from a done deal," leading to market volatility [1] Chinese Stocks - The Nasdaq Golden Dragon China Index experienced a slight decline of 0.03%, with significant individual stock performance variations; Alibaba rose nearly 2%, while Bilibili increased by over 1% [1] Commodity Market - In the commodities market, gold futures briefly fell below $3940 per ounce; copper prices approached historical highs due to supply constraints, and aluminum reached a three-year high [1] Market Focus - Short-term market attention is shifting towards the Federal Reserve's policy path in December and upcoming corporate earnings reports; if economic data confirms labor market resilience, expectations for further rate cuts may diminish [1] - Technology stocks should be cautious of valuation pressures, while developments in U.S.-China meetings and tariff policies remain key variables influencing risk appetite [1]

Market Performance - The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average slightly down by 0.04%, the Nasdaq up by 0.66%, and the S&P 500 rising by 0.4% [1] - Technology stocks showed varied performance, with AMD surging over 9% due to a significant AI contract from Oracle, while Google and Tesla also saw gains; however, Amazon and Nvidia experienced slight pullbacks [1] - Morgan Stanley's earnings exceeded expectations, leading to a nearly 5% increase in its stock price, while Bank of America rose over 4% [1] Chinese Market Performance - The Nasdaq Golden Dragon China Index increased by 1.7%, with New Oriental soaring over 10% and Century Internet rising over 4%; e-commerce stocks like Alibaba and JD.com also saw broad gains [1] Commodity Market - Safe-haven sentiment drove COMEX gold futures to surpass $4200 per ounce, marking a historical high [1] Market Focus - Short-term market attention is on the Federal Reserve's policy direction and the expectation of a rate cut in October, with the CME FedWatch Tool indicating a 97.8% probability of a rate cut [1] - Analysts believe that if a rate cut occurs, it will benefit technology stocks and precious metals, but caution is advised regarding potential volatility from U.S. government shutdown risks and changes in tariff policies [1] - In the medium to long term, the health of the AI industry chain and corporate earnings reports for Q3 may serve as key drivers [1] Related ETFs - Global technology leaders: Nasdaq ETF (513300) [2] - Core U.S. equity: S&P ETF (159655) [2] - Tracking gold price performance: Gold ETF (518850) [2]

Group 1 - The three major U.S. stock indices all closed higher, with the Dow Jones up 1.29%, the Nasdaq up 2.21%, and the S&P 500 up 1.56% [1] - Technology stocks led the rebound, with Broadcom's stock surging nearly 10% due to a chip collaboration agreement with OpenAI, while other popular tech stocks like Tesla and Nvidia also recorded significant gains [1] - Market sentiment was boosted by the Trump administration's softened trade stance and expectations for increased AI capital expenditures [1] Group 2 - The Nasdaq Golden Dragon China Index rose by 3.21%, with popular Chinese concept stocks generally increasing, including Century Internet which rose over 10%, and NIO and Alibaba also following suit [1] - In commodities, COMEX gold futures surpassed $4100, reaching a historical high, while silver futures also surged; crude oil prices saw a slight increase, with ICE Brent crude closing at $63.60 per barrel [1] Group 3 - The short-term focus is shifting towards the U.S. earnings season, with bank stocks like JPMorgan Chase expected to set the tone [1] - Institutions believe that the AI industry chain and liquidity easing logic continue to support the market, but caution is advised regarding the volatility of trade policies and valuation bubble risks [1] - The safe-haven attributes of precious metals are being reinforced, with mid-term allocation value gaining attention [1] Group 4 - Related ETFs include the Nasdaq ETF (513300) for global tech leaders, the S&P ETF (159655) for core U.S. equities, and the Gold ETF (518850) tracking gold price performance [2]

来源：市场资讯 （来源：明哥夜谈） 1 在文章《我的守正账户、出奇账户，分别是什么？》中，我提到：除了在面向国内市场的账户中投资跟 踪纳斯达克100指数的ETF，我还于2024年8月份创建了一个面向美国资本市场的账户，不再约束只投资 纳斯达克100指数ETF，而是可直接投资具体的上市公司股票，以及具有多倍杠杆效应的衍生品。 背后的投资价值观是：相信自己对科技、消费、金融、医药等行业的深入研究能力和广泛涉猎能力，追 求超越指数的个股和行业机会。 至于这个账户是在国内以收益互换的形式创建的账户，还是直接在境外券商开设的账户，抑或仅仅是一 个模拟账户，我就不便透露了。 不得不说，我在2025年迎来了运气最好的日子。 如果你是常年跟踪我文章的读者，一定记得，在试图追求出奇收益率的这个账户中，我在2025年2月5 日，当Google母公司公布了2024年第四季度财报后迎来-7.29%的调整幅度后，卖掉了Google股票，便开 启了逐步买入2倍做多Google的证券品种（GGLL）的历程。 Google公司的股票价格，遭遇了四重的错误解读而明显下跌： 主流舆论认为AI问答产品将颠覆掉传统搜索引擎； Google公司对AI ...

Core Insights - The US stock market is led by technology stocks, with the S&P 500 and Nasdaq indices reaching new closing highs, and the Nasdaq rising by 1.12% [1] - AMD surged over 11% due to positive news, while other major tech stocks like Nvidia and Amazon also recorded gains [1] - Market sentiment is boosted by expectations of a Federal Reserve interest rate cut and optimistic corporate earnings reports [1] Group 1: Market Performance - The Nasdaq China Golden Dragon Index increased by 0.87%, but there was significant internal divergence in performance [1] - Autonomous driving and AI concept stocks led the gains, with WeRide rising by 12.04% and Pony.ai by 8.61%, while companies like NIO and NetEase also saw increases [1] - Some e-commerce stocks experienced slight pullbacks, with Alibaba down by 0.12% [1] Group 2: Economic Indicators - Market focus is on the probability of a Federal Reserve rate cut in October, currently around 94.1%, and developments regarding the US government shutdown [1] - Analysts believe that if inflation data remains moderate and a rate cut occurs, technology stocks may still have upward potential [1] - Caution is advised regarding tariff policies and the overheating risks in the AI sector, while there is a long-term positive outlook on the AI industry chain and the valuation recovery of Chinese concept stocks [1] Group 3: Investment Opportunities - The Nasdaq ETF (513300) tracks the Nasdaq 100 Index, focusing on global technology leaders [1] - Its holdings include well-known tech companies such as AMD, Apple, Nvidia, Microsoft, and Amazon, which are expected to benefit during the Federal Reserve's rate cut cycle [1]

Core Insights - The US stock market is led by technology stocks, with the S&P 500 and Nasdaq indices reaching new closing highs, and the Nasdaq rising by 1.12% [1] - AMD surged over 11% due to positive news, while other major tech stocks like Nvidia and Amazon also recorded gains [1] - Market sentiment is boosted by expectations of a Federal Reserve interest rate cut and optimistic corporate earnings reports [1] Group 1: Market Performance - The Nasdaq China Golden Dragon Index increased by 0.87%, but there was significant internal divergence in performance [1] - Autonomous driving and AI concept stocks led the gains, with WeRide rising by 12.04% and Pony.ai by 8.61%, while companies like NIO and NetEase also saw increases [1] - Some e-commerce stocks experienced slight pullbacks, with Alibaba down by 0.12% [1] Group 2: Economic Indicators - The market is focused on the probability of a Federal Reserve rate cut in October, currently around 94.1%, and developments regarding the US government shutdown [1] - Analysts believe that if inflation data remains moderate and a rate cut occurs, technology stocks still have upward potential [1] - However, there are concerns regarding tariff policies and the overheating of the AI sector, while the AI industry chain and the valuation recovery of Chinese concept stocks are viewed positively in the medium to long term [1] Group 3: Investment Opportunities - The Nasdaq ETF (513300) tracks the Nasdaq 100 Index, focusing on global technology leaders [1] - Its holdings include well-known tech companies such as AMD, Apple, Nvidia, Microsoft, and Amazon, which are expected to benefit during the Federal Reserve's rate cut cycle [1]