*The three major stock indexes collectively surged, with the Nasdaq rising 0.83%;
*The yield of medium and long-term US Treasury bonds has fallen, and the 10-year US Treasury bond has fallen below 4.20%;
*The Philadelphia Semiconductor Index rose 1.5%.
On Friday, the US stock market rose across the board, with tech stocks performing well. As the holiday shopping season begins, the retail industry has become a focus of attention. As of the close, the Dow Jones Industrial Average rose 188.59 points, or 0.42%, to 4491065 points, breaking through the 45000 point mark during trading. It has risen 7.54% for the month, while the Nasdaq rose 0.83%, or 19218.17 points, with a cumulative increase of 6.21%. The S&P 500 index rose 0.56%, or 6032.38 points, with a cumulative increase of 5.73% for the month.
Market Overview
Affected by global economic uncertainty, medium and long-term US Treasury bonds continue to decline. The benchmark 10-year US Treasury yield fell 6.4 basis points to 4.18%, while the 2-year US Treasury bond closely related to interest rate expectations fell 4.8 basis points to 4.17%.
The market continues to weigh the expectations that Trump's pro business policies may stimulate economic growth and corporate profits. However, the common concern is that this may also trigger inflation, slow down the pace of the Federal Reserve's interest rate cuts, and put pressure on global economic growth.
According to FedWatch from the Chicago Mercantile Exchange Group, traders expect the probability of the Fed cutting interest rates by 25 basis points in December to be close to 70%, but may pause action in January.
The consumption situation during the holiday season has also attracted widespread attention. Adobe Analytics estimates that consumers' online shopping spending on Black Friday this year will reach a record high of $10.8 billion, an increase of 9.9% from last year.
Baird investment strategist Ross Mayfield said, "Retailers import heavily. Inventory levels are crucial for their profitability and ability to control profit margins, so they will be one of the industries affected by tariffs. But so far... sales on Black Friday and Cyber Monday look quite robust
In terms of individual stocks, Apple rose 1%, reaching a new historical high. Wedbush Securities stated in a report that with the upcoming release of the latest artificial intelligence features for the iPhone 16, this tech giant will usher in a new era of growth.
The Philadelphia Semiconductor Index rose 1.5% as the market focused on the latest news from the Trump administration regarding chip restrictions, with Nvidia rising 2.2%.
First Solar rose 3.5% as the United States announced a new round of tariffs on solar panel imports from four Southeast Asian countries. First Solar and other American solar panel manufacturers may receive additional protection from foreign competitors.
The Nasdaq China Golden Dragon Index closed up 0.6%, NetEase rose 1.6%, Alibaba rose 0.9%, JD.com rose 0.5%, and Baidu rose 0.3%.
Crude oil futures have slightly declined, and the market is concerned about whether OPEC+will delay the resumption of production. WTI crude oil contracts fell 0.2% in the near month to $68.60 per barrel.
International gold prices continue to rebound, with COMEX gold futures for November delivery on the New York Mercantile Exchange rising 0.34% to $2673.9 per ounce.