The three major US stock indexes closed with mixed gains and losses, with the Dow Jones Industrial Average slightly up 0.04%, the Nasdaq down 0.16%, the S&P 500 index down 0.09%, most popular technology stocks falling, Meta down more than 2%, and Google and Tesla down more than 1%. Computer hardware, asset management, and department stores were among the top performers, with US online storage rising by over 14%, Macy's up by over 4%, Kingsoft and Blackstone up by over 3%, Morgan Stanley, Bank of America, and State Street Bank up by over 2%, and Logitech, HP, and Dell Technology up by over 1%. The streaming media, oil and gas sectors fell, while Total, Chevron, and ExxonMobil fell more than 1%. Popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling 1.29%. Bilibili fell more than 11%, Ideal Automobile fell more than 5%, Xiaopeng Automobile fell more than 4%, iQiyi and Weibo fell more than 3%, Alibaba, JD, and Futu Holdings fell more than 2%, Baidu fell more than 1%, Tencent Music, Vipshop, NetEase, NIO, and Manbang slightly declined. Pinduoduo rose nearly 2%.
Global News

Swap contracts show a 100% chance that the Federal Reserve will cut interest rates by 25 basis points by May 2024
On November 29th, swap contracts showed a 100% chance that the Federal Reserve would cut interest rates by 25 basis points by May 2024. The adjusted quarter on quarter annualized GDP of the United States for the third quarter was 5.2%, with an initial value of 4.9%. The annualized quarterly rate correction for the core PCE price index in the third quarter of the United States was 2.3%, with a value of 2.4%.
The OECD expects global economic growth to "bottom out" next year, with concerns about the outlook for government debt pressure
On Wednesday evening Beijing time, the Organization for Economic Cooperation (OECD) released its global economic outlook for November this year. The organization expects that with the continued tightening of the financial environment, the GDP growth rate of most global economies will be in a "bottoming out and rebounding" stage in 2024, and is expected to rebound in 2025.
The OPEC+meeting is said to not be further postponed
According to sources cited by the media, OPEC+will continue to hold talks on its 2024 oil policy, and the meeting scheduled for Thursday will not be further postponed.
Company News
Bilibili's net loss in the third quarter was 1.3 billion yuan, with daily active users exceeding 100 million yuan
On the 29th, the Bilibili Hong Kong Stock Exchange announced that the total net revenue for the third quarter of 2023 was 5.8 billion yuan, unchanged from the same period in 2022; The net loss was 1.3 billion yuan, a 22% decrease from the same period in 2022; The adjusted net loss was 860 million yuan, a 51% decrease from the same period in 2022.
What will be the fate of Apple Card when Apple terminates its credit card partnership with Goldman Sachs?
On November 29th, according to multiple media reports, Apple recently submitted a proposal to Goldman Sachs, planning to withdraw from credit card cooperation contracts in the next 12 to 15 months, which will cover the entire consumer cooperation between the two companies, including the credit card service "Apple Card" launched by the two companies in 2019 and the savings account service "Apple Savings" launched this year.
The feast has come to an end! Analyst: Don't expect Nvidia to continue soaring
Thanks to the rise of the "Big Seven", the US stock market has outperformed the international stock market to the highest extent since the 1950s. Among them, the artificial intelligence leader Nvidia is far ahead, with a growth rate of over 230% this year. However, analysts believe that this surge is unlikely to happen again next year.