On Wednesday Eastern Time, the three major US stock indexes rose. As of press release, the Dow Jones Industrial Average rose 1.01%, the Nasdaq rose 1.13%, and the S&P 500 index rose 1.07%. The Federal Reserve has maintained its target range for the federal funds rate at 5.25% to 5.5%, with a dot matrix showing an expected 75 basis point rate cut in 2024. Federal Reserve Chairman Powell stated that the timing of interest rate cuts was discussed at today's meeting.
Apple rose over 1.5%, hitting a historic high with a market value of $3.07 trillion.
Global News

The Federal Reserve's announcement of maintaining interest rates unchanged is shown in a dot matrix, which predicts a 75 basis point rate cut in 2024
The Federal Reserve announced that the target range for the federal funds rate will remain unchanged at 5.25% to 5.5%, in line with market expectations.
The US announces sanctions against over 250 companies and individuals from China and other countries. China responds
On December 13th, Foreign Ministry spokesperson Mao Ning presided over a regular press conference. Bloomberg reporter asked, the United States announced that it had imposed sanctions on more than 250 companies and individuals in China, Türkiye and the United Arab Emirates, on the grounds that they were suspected of supporting Russia's "war action". What is the comment of the Ministry of Foreign Affairs on this? Mao Ning pointed out that China has always opposed the unilateral sanctions and long arm jurisdiction of the United States. The United States should immediately correct its erroneous practices, stop containing and suppressing Chinese enterprises, and China will also take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.
The shadow of core inflation in the United States shrouds the Federal Reserve's interest rate cut path, with many uncertainties
With high rent driving up the unexpected month on month increase in November CPI, the market's bet on the Federal Reserve's interest rate cut in March next year has been poured with cold water, and the possibility of the Federal Reserve quickly turning to a rate cut in early next year is weakened by one point. On December 12th local time, data released by the US Department of Labor showed that the CPI in November increased by 3.1% year-on-year, slightly slowing down from the 3.2% increase in October. However, there is also some good news behind the high inflation data, as the 6-month annualized core inflation indicator favored by Federal Reserve Chairman Powell and other Federal Reserve officials has made progress, dropping below 3% for the first time since early 2021.
Company News
Sudden! Tesla recalls over 2.03 million cars! What is the situation?
On December 13th, the National Highway Traffic Safety Administration (NHTSA) website revealed that Tesla (TSLA) announced a recall of over 2.03 million vehicles, including the 2012-2023 Model S, 2016-2023 Model X, 2017-2023 Model 3, and 2020-2023 Model Y, due to insufficient autonomous driving control systems to prevent misoperation.
Tesla's second-generation robots are here! Flexibility greatly increases, and it can also pinch eggs with two fingers
Today, Tesla released a video of the Optimus Gen 2 (second generation Optimus Prime) without any prior notice - and it has been less than three months since the release of the first generation Optimus's "embodied intelligence end-to-end solution debut" video; It has only been nine months since the first generation Optimus was launched.
Photolithography giant's big action plan to cooperate with two major chip giants in South Korea
On December 13th, the South Korean Ministry of Industry, Commerce, and Resources announced that ASML, headquartered in the Netherlands, plans to expand its business cooperation with South Korean chip manufacturers. In addition to the joint investment of KRW 1 trillion (approximately RMB 5.44 billion) by ASML and Samsung Electronics to establish a chip research center in South Korea, ASML has also signed a memorandum of understanding with SK Hynix, the second largest chip manufacturer in South Korea, to develop a technology for recovering hydrogen gas used in extreme ultraviolet (EUV) lithography machines to reduce their energy consumption.