国际方面，穆迪分析预计日本央行本周可能加息25个基点。特朗普还没上台加拿大政府先“内讧”，加拿大财长Chrystia Freeland突然宣布辞职。软银孙正义拜访特朗普，宣布对美投资1000亿美元。Source: Wall Street News
The Dow Jones index has created its longest losing streak since 2018; NVIDIA fell over 1% for three consecutive days; MicroStrategy, which was added to the Nasdaq 100 component stocks, surged over 7% in intraday trading before reversing losses, while Super Micro Computer, which was removed from the component stocks, closed down over 8%. China Concept Stocks fell over 2%. The USD retreated from a two-week high, with the offshore Chinese yuan dropping over a hundred points to break 7.29. Bitcoin surged over $5,000 in intraday trading, surpassing $0.107 million for the first time in history. The yield on the 10-year US Treasury bond halted a five-day upward trend. Crude oil fell over 1% intraday, and West Texas Intermediate crude dropped from a five-week high. Gold reached a one-week low during the intraday session.
In the USA, the New York Fed manufacturing index for December recorded its largest decline since May 2023. The expansion rate of the US services PMI reached its fastest pace in over three years, while the manufacturing sector remains sluggish with a sharp increase in the price index. Investors are waiting for the Federal Reserve's interest rate meeting; 'Wall Street Journal' analyst Nick Timiraos stated that after another 25 basis points cut this week, the Federal Reserve is prepared to slow down or even stop rate cuts. Goldman Sachs predicts that the Federal Reserve will 'skip' cuts in January, with signals for slowing easing released this week.
On the international front, Moody's analysis predicts that the Bank of Japan may raise interest rates by 25 basis points this week. Before Trump even takes office, the Canadian government experienced an 'internal strife' as Finance Minister Chrystia Freeland suddenly announced her resignation. SoftBank's Masayoshi Son visited Trump and announced an investment of $100 billion in the USA.
In the Eurozone, the PMI for December continued to contract. Germany's manufacturing recession persists, and inflationary pressures are further intensifying. France's manufacturing output decline recorded a 55-month low, while the UK's employment numbers saw their largest drop in four years. German Chancellor Olaf Scholz did not pass the parliamentary confidence vote and will suggest to the president that the assembly be dissolved. European Central Bank President Christine Lagarde stated that the ECB will further cut interest rates, and the battle against inflation is nearing victory.
On the eve of the Federal Reserve's interest rate meeting, most US stock indexes rose, with the Nasdaq reaching new highs, while the Dow fell for eight consecutive days. Technology stocks, chip stocks, and AI concept stocks mostly increased, with Apple, Google, Tesla, and Broadcom all hitting historical highs. Broadcom surged over 11%, leading the Nasdaq, and its market cap joined the trillion-dollar 'club'. The technology and consumer discretionary sectors in the S&P 500 index also set new closing highs, while NVIDIA entered a corrective range, falling over 10% from its historical peak.
Among the three major indices in the US stock market, only the Dow Jones fell. The S&P 500 Index rose by 22.99 points, an increase of 0.38%, closing at 6074.08 points. The Dow, closely related to the economic cycle, fell by 110.58 points, a decrease of 0.25%, closing at 437717.48 points. The Nasdaq, dominated by technology stocks, rose by 247.17 points, an increase of 1.24%, closing at 20173.89 points. The Nasdaq 100 Index rose by 1.45%. The Nasdaq Technology Market Cap Weighted Index (NDXTMC), which measures the performance of Nasdaq 100 tech constituents, rose by 1.99%. The Russell 2000 Small Cap Index, which is more sensitive to the economic cycle, rose by 0.64%. The VIX fear index rose by 6.37%, closing at 14.69.
Most US Industry ETFs closed higher. The Semiconductor ETF rose by 1.51%, the Consumer Discretionary ETF, Internet Stocks Index ETF, Global Technology Stocks Index ETF, and Technology Sector ETF all gained at least 1%. The Banking ETF and Regional Banks ETF increased by about 0.5%, while the Utilities ETF fell by 0.8%, the Medical ETF declined by 1.19%, and the Energy ETF decreased by 2.2%.
The "Tech Seven Sisters" mostly rose. Tesla rose by 6.14%, setting a new historical high. Reports suggest that Trump's transition team plans to revoke the electric vehicle policies established during Biden's term. Wedbush Analyst Dan Ives stated that if everything goes as expected, Tesla's stock price target for 2025 would be raised by 29% to $515 (previously predicted at $400). Tesla's lithium refining plant in Texas has officially started production, becoming the first North American automaker to process lithium themselves. After reaching mass production, the plant is expected to produce about 50GWh of battery-grade lithium annually. Google's Class A shares rose by 3.6%, as the company significantly updates its generative AI, launching video model VEO 2 and the latest version Imagen3. Amazon rose by 2.4%, Apple by 1.17%, Microsoft rose by 0.97%, Meta rose by 0.71%, while NVIDIA fell by 1.68%, with its stock price entering the correction Range, down over 10% from the historic closing peak.
Most chip stocks rose. The PHLX Semiconductor Index rose by 2.06%, closing at 5256.06 points. The Industry ETF SOXX rose by 1.85%. NVIDIA's double-leveraged ETF fell by 3.33%. Broadcom rose by 11.21%, refreshing its closing historical high to $250, with a closing Market Cap of $1.17 trillion, and Goldman Sachs raised its Target Price. Micron Technology rose more than 8.4% and then closed up 5.62%, set to release its Earnings Reports after the market closes on December 18 Eastern Time. Marvell Technology rose by 3.32%, ASM International ADR rose about 3.1%, Intel rose by 2.41%, Taiwan Semiconductor rose by 0.61%, Apple's supply chain Nova rose by 1.1%, Qorvo rose more than 1.0%, while Arm Holdings fell by 4.55%, Wolfspeed fell by 3.03%, Qualcomm fell by 0.4%, Cirrus Logic fell over 1%, Texas Instruments fell over 1.1%, and Microchip Technology fell over 1.4%, with MKSI down by 1.5%.
Most AI concept stocks rose. BigBear.ai rose by 18.65%, and SoundHound AI, in which NVIDIA holds shares, rose more than 16.4%, closing at $19.69, reaching historical closing highs for two consecutive trading days, with a cumulative increase of over 44%. Serve Robotics rose by 14.53%, C3.ai rose over 8.8%, AppLovin rose over 6%, CrowdStrike rose around 5.5%, Palantir closed down by 0.42%, Oracle closed down by 1.25%, and Super Micro Computer closed down by 8.26%.
Most China Concept Stocks fell. The Nasdaq Golden Dragon China Index closed down 2.19%. Among the ETFs, the FTSE China 3x Bull ETF (YINN) dropped 4.61%, the China Concept Internet Index ETF (KWEB) fell 2.62%, the China Technology Index ETF (CQQQ) decreased by 2.37%, while the FTSE China 3x Bear ETF (YANG) rose 4.77%. The FTSE A50 Futures Index closed down 0.30% in the overnight session, reporting at 13,273.000 points.
Among the popular China Concept Stocks, JD.com fell 1.56%, Zhihu declined by 1.6%, Li Auto decreased by 1.8%, NIO dropped by 2%, and New Oriental fell by 2%. Alibaba also decreased by 2%, with plans to sell Intime Retail to Youngor Group, which may be officially announced tomorrow. NetEase fell 2.21%, ZEEKR dropped 2.42%, PDD Holdings fell 2.6%, Baidu decreased by 2.73%, Vipshop declined by 2.94%, Bilibili fell by 3.03%, Daqo New Energy dropped by 6.42%, while MINISO rose by 3.03%.
Bitcoin futures reached an all-time high, and Cryptos concept stocks experienced a broad rise. Riot Platforms increased by 8.01%, the "meme stock" Ideanomics rose by 5%, Bitdeer Technologies saw a gain of 10.61%, Canaan rose by 8.04%, while the cryptocurrency exchange giant Coinbase increased by 1.52%. However, MicroStrategy, known for holding significant Bitcoin positions, dropped by 0.04%, having purchased $1.5 billion worth of Bitcoin at an average price of approximately $100,386 from December 9 to 15, marking the sixth consecutive Monday announcement of Bitcoin purchases by the company. BTC Digital fell by 5.8%.
编辑/jayden
