Finance and Economics Society News on October 9th (Editor Shi Zhengcheng): With the active performance of the 'AI leader' nvidia, the US stock market rose collectively last night and this morning, with the S&P 500 index once again approaching historical highs. However, under the impact of the sharp drop in Hong Kong stocks on Tuesday, Chinese concept stocks collectively weakened, and the Nasdaq Golden Dragon Index fell by 6.85%.

For the US stock market, the next few days will also face multiple tests - the Fed's meeting minutes on Wednesday, CPI on Thursday, and a new round of financial reporting season starting on Friday, including a Tesla Robotaxi launch event in between.

Craig Johnson, Chief Market Technician and Strategist at Piper Sandler, expects a 'consolidation adjustment' in October, and investors can increase their positions through a 'healthy' pullback that confirms key support levels.

The commodity market on Tuesday was mostly in the red. With expectations of easing tensions between Lebanon and Israel, international oil prices and gold prices have seen some adjustments. However, for the Middle East issue, potential Israeli retaliation against Iran in the coming days may cause market disruptions. Industrial metals collectively declined, with uncertain demand prospects.

Market News

Latest polls: Harris' lead over Trump is narrowing

According to the latest Reuters/Ipsos poll, Harris leads Trump by a slight margin of 46% to 43%, within a margin of error of 3 percentage points. The poll took place from October 4th to 7th, with the previous Reuters/Ipsos poll conducted from September 20th to 23rd where Harris led Trump by 6 percentage points.

Influenced by Musk's public appearance in fundraising activities and the election situation, Trump Media Technology Group rose more than 18% on Tuesday, closing at $21.8, the first time in a row since June this year. Compared to the low point of $11.75 on September 24, the increase is close to 90%.

According to a Pentagon spokesperson: Israeli Defense Minister postponed his visit to the United States.

According to Sabrina Singh, Deputy Pentagon spokesperson, who confirmed during a routine press conference on the afternoon of October 8th, local time, that Israeli Defense Minister Gantz, who was scheduled to meet with U.S. Defense Secretary Austin in Washington on October 9th, has postponed his visit to the U.S. Singh said, "The Pentagon has just received notification from the Israeli side." According to several Israeli media reports, Israeli Prime Minister Netanyahu has "restricted" Gantz's trip to the U.S., stating that approval for Gantz to visit the U.S. will only be given after he speaks personally with U.S. President Biden.

According to NBC News quoting American officials, Israel is considering attacking Iran's energy facilities. U.S. officials said they do not believe that Israel has made a final decision on the specifics of its response, but through yesterday and today's additional meetings, Israel has been narrowing down and ultimately determining its options. Officials stated that the options still under consideration include targeting Iran's military and intelligence infrastructure, air defense, and energy facilities.

FTSE Russell will include South Korea in its benchmark bond index, marking the end of months of official promotion and financial market infrastructure reform, with the potential to attract billions of dollars in inflows. According to a statement on Tuesday, the index provider is also adding India to its emerging market bond index.

According to NBC News citing American officials, Israel is considering attacking Iran's energy facilities. U.S. officials said they do not believe that Israel has made a final decision on the specifics of its response, but through yesterday and today's additional meetings, Israel has been narrowing down and ultimately determining its options. Officials stated that the options still under consideration include targeting Iran's military and intelligence infrastructure, air defense, and energy facilities.

FTSE Russell will include South Korea in its benchmark bond index, marking the end of months of official promotion and financial market infrastructure reform, with the potential to attract billions of dollars in inflows. According to a statement on Tuesday, the index provider is also adding India to its emerging market bond index.

Microsoft and OpenAI flaunt receiving Nvidia B200 chip servers.

On Tuesday, Microsoft Azure revealed that the company has obtained servers equipped with the NVIDIA GB200 kit, becoming the first company in the world among cloud computing service providers to use the Blackwell system.

OpenAI also announced the delivery from NVIDIA, with developers already using the first batch of DGX B200 engineering machines.

Last year, the 'father of deep learning' who left Google was awarded the Nobel Prize.

The Royal Swedish Academy of Sciences announced on Tuesday that Jeffrey Hinton was awarded the Nobel Prize in Physics for his achievements in using physical training for artificial neural networks. He will share this year's award with Princeton University Professor John Hopfield. Known as the 'father of deep learning' for his inventions of the backpropagation algorithm and contrastive divergence algorithm, Hinton has high prestige in the AI industry.

In 2013, due to Google's acquisition of his company, Hinton joined the Google research team. He left Google last year because he 'can candidly warn of the risks of AI' and expressed regret for what he had researched all his life.

The Supreme Court of Brazil has decided to unblock the social media platform "X".

Brazil's Supreme Court Justice Alexandre de Moraes decided on October 8th local time to unblock the American social media platform "X", and services of "X" in Brazil will be restored in the next few hours. After the company that owns "X" paid a fine of 28.6 million Brazilian reais (approximately RMB 36.48 million) to the Supreme Court of Brazil, the Supreme Court of Brazil made the decision to unblock, stating that the company has met all the requirements for operation in Brazil.

Boeing's credit rating is at risk of being downgraded to junk status by S&P.

Boeing faces the risk of losing its s&p investment grade credit rating, as the company continues to be affected by ongoing strikes, s&p has put this aircraft manufacturer on the credit watch list for possible downgrade. In a statement, s&p said that the ongoing strike by boeing mechanics, now in its fourth week, has increased the company's financial risk, with boeing expected to face around $10 billion in cash outflows this year. Losing the investment grade credit rating will raise boeing's borrowing costs, and for some funds that avoid speculative-grade assets, the company will no longer be attractive.

SpaceX has the opportunity to obtain the fifth test flight permit for the 'Starship' this week.

SpaceX stated in a release on Monday that the fifth 'Starship' test flight "could take place as early as October 13, depending on regulatory approval." Insiders revealed that although the FAA only recently indicated that it was unlikely to issue permits before the end of November, the current review process has accelerated, which could allow SpaceX to launch this week. However, any obstacles in this week's review process will make Sunday's launch no longer possible.