On December 2nd local time, the three major indexes of the US stock market diverged, with the Dow Jones Industrial Average slightly falling, while the Nasdaq and S&P 500 indexes both hit historic highs. Large tech stocks rose across the board, with Tesla and Meta both rising over 3%, and Microsoft, Google-C, and Amazon all rising over 1%. Apple rose nearly 1%, reaching a historic high. PURPLE BIOTECH experienced multiple circuit breakers during trading, closing up 150.37% with a turnover rate exceeding 3500%. Federal Reserve Governor Waller said that the current trend is to continue cutting interest rates in December.
European stock markets rose across the board, with major indices experiencing a "plunge" at one point during trading. The euro fell 0.73% to 1.05 against the US dollar.
The Nasdaq and S&P 500 indices hit historic highs
On December 2nd local time, the three major indexes of the US stock market showed divergent trends. As of the close, the Dow Jones Industrial Average fell 0.29%, the Nasdaq index rose 0.97%, and the S&P 500 index rose 0.24%. Both the Nasdaq index and the S&P 500 index reached historic highs.
Large tech stocks rose across the board. The Wind US Tech 7 Index rose 1.45%, Tesla rose 3.46%, Meta rose 3.22%, Microsoft rose 1.78%, and Amazon rose 1.36%. Apple rose by 0.95%, reaching a historic high.
Most popular Chinese concept stocks have risen. The Nasdaq China Golden Dragon Index rose 0.98%, with Miniso, Douyu, JinkoSolar, and Kingsoft Cloud all rising over 10%. Xiaopeng Motors rose over 5%, while Bilibili, Huya Live, and TAL Education all rose over 3%. Pinduoduo rose over 2%, Alibaba fell over 1%, and Ideal Auto fell over 3%.
Biopharmaceutical company PURPLE BIOTECH experienced multiple circuit breakers during trading, closing up 150.37% and rising over 300% at one point, with a turnover rate of 3582.15%.
According to data from the Institute for Supply Management (ISM) in the United States, the ISM manufacturing index for November was 48.4, higher than the expected 47.6, and the pre-October value was 46.5. Among them, the new order index was 50.4, a significant increase from the previous value of 47.1; The price payment index is 50.3, lower than the expected 56; The employment index is 48.1, a significant increase from the previous value of 44.4. The final value of the US S&P Global Manufacturing PMI for November was 49.7, reaching a new high since June, with an expected value of 48.8 and an initial value of 48.8.
Federal Reserve Governor Waller stated that he is currently inclined to continue cutting interest rates in December, but if inflation data unexpectedly rises and changes his prediction of inflation trends, he will consider suspending the rate cuts. Atlanta Fed President Bostic said he is open to decision-making choices; Although the data fluctuates, inflation is continuing to decline towards the 2% target.
Supermicro computers have risen by over 28%
Supermicro computers rose 28.68%, with a temporary increase of over 34% during trading.
On December 2nd local time, Supermicro Computer stated in a statement that it is seeking a new Chief Financial Officer, Chief Compliance Officer, and General Counsel. Kenneth Cheung, who previously served as Vice President of Finance, will become the company's new Chief Accounting Officer.
European stock markets rise across the board, while the euro falls sharply
On December 2nd local time, European stock markets rose across the board. As of the close, the FTSE 100 index in the UK rose 0.31%, the CAC40 index in France rose 0.02%, the DAX index in Germany rose 1.57%, the MIB index in Italy rose 0.21%, and the STOXX50 index in Europe rose 0.88%. All major indexes experienced a "plunge" during the trading session, with the euro plummeting sharply. The euro fell 0.73% against the US dollar to 1.05, and fell more than 1% at one point during the trading session.
International gold prices have slightly declined
In terms of commodity markets, international gold prices have slightly declined, falling 0.43% to 2638.810 US dollars per ounce as of 5:50 Beijing time; COMEX gold futures fell 0.74% to $2661.1 per ounce.
International oil prices have slightly increased. ICE crude oil rose by 0.11%, while NYMEX WTI crude oil rose by 0.25%.
Hua'an Fund believes that the recent rise in US bond interest rates has triggered a strong US dollar effect, which has constrained the price of gold. However, from both an economic and policy perspective, interest rate cuts are an inevitable trend. Currently, US bond rates have also reached strong resistance levels, and upward movements can weaken. If the interest rate cut process continues in the future, gold will return to its previous pricing logic. In short, although gold has experienced a certain short-term correction, the logic and trend of long-term strengthening still exist.