Market Performance - The three major U.S. stock indices reached record highs for the third consecutive trading day, with the Dow Jones Industrial Average peaking at 46,447.13 points, the Nasdaq at 22,801.90 points, and the S&P 500 at 6,698.88 points during intraday trading [1] - At market close, the Dow rose by 66.27 points (0.14%) to 46,381.54 points, the Nasdaq increased by 157.50 points (0.70%) to 22,788.98 points, and the S&P 500 gained 29.39 points (0.44%) to 6,693.75 points [1] - Notable stock performances included Tesla (TSLA.US) rising nearly 2%, Apple (AAPL.US) increasing over 4%, and Nvidia (NVDA.US) gaining nearly 4% with a market capitalization of $4.46 trillion [1] European Market - The German DAX30 index fell by 122.49 points (0.52%) to 23,522.76 points, while the UK FTSE 100 index rose by 6.48 points (0.07%) to 9,223.15 points [2] - Other European indices showed mixed results, with the French CAC40 down 23.48 points (0.30%) and the Spanish IBEX35 down 236.93 points (1.55%) [2] Commodities - Crude oil prices saw slight declines, with light crude oil futures for October down $0.04 to $62.64 per barrel (0.06%) and Brent crude oil futures for November down $0.11 to $66.57 per barrel (0.16%) [2] Cryptocurrency - Bitcoin fell over 2% to $112,933.10, while Ethereum dropped more than 5.6% to $4,195.60 [3] Precious Metals - Spot gold reached a new all-time high at $3,747.06, having increased over $1,105 this year, indicating a potential market panic despite a generally optimistic market outlook [3] Macroeconomic Insights - Federal Reserve Governor Milan suggested a need for a 1.25 percentage point rate cut within the year, citing current rates as too high and emphasizing the downward pressure on neutral interest rates due to various economic factors [4] International Student Trends - The number of international students in the U.S. has dropped to a four-year low, with a 19% year-over-year decline in August, particularly among Asian students, which could result in a $7 billion loss for U.S. universities [5] Legal Developments - The U.S. Supreme Court is set to consider expanding presidential powers regarding the dismissal of independent agency officials, which could have implications for regulatory bodies [6] Corporate Developments - Nvidia plans to invest up to $100 billion in partnership with OpenAI to develop AI data centers, with the first deployment expected in the second half of 2026 [6] - Google is launching its Gemini AI assistant on Google TV, aiming to enhance user interaction and content discovery across over 300 million active devices [7] Market Predictions - Michael Saylor predicts Bitcoin could appreciate at an average annual rate of nearly 29% over the next twenty years, driven by the emergence of new financial products and business models [8] Analyst Ratings - Wedbush raised Apple's target price to $310, while Citigroup increased General Motors' target price to $75 from $61 [8]