On Monday (October 2), European and American stock markets closed mixed, with the Dow down 0.22%, the S&P 500 up 0.01%, and the Nasdaq up 0.67%. Among them, the Nasdaq led the rise recorded four consecutive gains.


Technology stocks were the most active sector on the board, with the Wind U.S. TAMAMA Technology Index up 1.92 percent and Nvidia up 2.95 percent. China concept stocks were mixed, with Shuodi Biological up 12.26 percent and automotive technology down 17.68 percent.
Hawk: Further rate hikes may be needed
Monday's lackluster performance had something to do with monetary policy statements. Fed Governor Michelle Bowman said again on the same day that the bank still needs to raise rates several times to bring inflation down to the central bank's target.
Data released on Friday showed that the personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, rose 3.5 per cent in August from a year earlier, while the core PCE price index, which excludes food and energy prices, rose 3.9 per cent from a year earlier, back within 4 per cent for the first time in nearly two years.
"I continue to expect that further rate increases may be needed to bring inflation back to 2 per cent in time," Mr Bowman said at an event in Canada. "There is an ongoing risk that high energy prices could reverse some of the progress we have made on inflation in recent months."
Two weeks ago, the Fed decided to keep the target range for the federal funds rate at 5.25% to 5.50%. Since March 2022, the bank has raised interest rates 11 times in an intensive effort to curb high inflation, taking them from near zero to a range of 5.25% to 5.5%, the highest level in 22 years.
During the day, as Federal Reserve officials continued. quot; falconry quot; And the latest US PMI data came in better than expected, an anchor for global asset pricing. quot; The yield on the 10-year Treasury note closed at 4.682 per cent after briefly breaking through 4.7 per cent for the first time since October 2007, sending the dollar index above the 107 mark.
However, some in the investment community have expressed opposition to the idea. Hedge fund tycoon Ackman said the U.S. economy is slowing down and the Fed's rate hike cycle is over.
Tech stocks are booming
From the sector, bank stocks were lower across the board, including Bank of America down 2.52% and Wells Fargo down 3.05%. Energy stocks were also down, with Conocophillips down 2.25% and Occidental Petroleum down 3.98%.
Under the overall stable performance, large technology stocks rose across the board, becoming the most beautiful child in the session. Among them, Google and Facebook rose more than 2%, Microsoft, Apple and Amazon rose more than 1%,
Among them, Nvidia rose 2.95% to $447.82 per share, the highest level in half a month, and its market value returned to above the $1.1 trillion mark. Goldman Sachs recently added Nvidia to its "conviction list" and upgraded its rating to "strong buy" from "buy."
China general stock differentiation
Popular Chinese stocks were mixed, with better-performing Chinese stocks, including Shuodi Biology, up 12.26 percent, and Yikatong Technology, up 10.65 percent. In terms of declines, automotive technology fell 17.68%, energy chain smart electricity fell 10.17%, Genxi biology fell 10.07%, Dada Group fell 6.07%, 21Vianet fell 6.07%, Melco Entertainment fell 5.66%, JinkoSolar fell 5.66%.
From the point of view of the news, whether it is surging stocks or plunging stocks, there is basically no obvious news stimulus. It can be seen that most of them are influenced by financial factors.

Chinese stocks of new energy vehicles fell collectively
Automotive companies are more concerned about the market. On the one hand, China concept new energy vehicle stocks collectively fell, NIO Automobile fell 2.71%, Xiaopeng Automobile fell 1.25%, Ideal Automobile fell 1.29%.
However, from the sales point of view, several new energy vehicle companies have performed well. Data show that NIO delivered 15,641 vehicles in September, an increase of 43.8%; 55,432 vehicles were delivered in the third quarter, an increase of 75.4% year-on-year. Xopeng delivered 15,310 new cars in September, an increase of 12% month-on-month and 81% year-on-year, of which G6 deliveries reached 8,132. Xiaopeng's cumulative deliveries in the third quarter reached 40008 vehicles, an increase of 72%. Ideal Auto delivered a total of 36,060 new cars in September, an increase of 212.7% year-on-year and a new high for a single month.
American car companies, on the other hand, performed differently. Ford Motor Company, for example, said it would temporarily lay off 330 workers in Chicago and Ohio due to the United Auto Workers strike. Tesla, full of science and technology, announced that the new Tesla Model Y was officially launched, and a total of three new models were launched, with a price range of 263,900 to 349,900 yuan.
Today, Tuesday (October 3), there will also be some important financial events and economic data to watch. For example, Fed Mester delivered a speech, Fed Bostic delivered a speech, and the United States will also release API crude oil inventories for the week ending September 29. These factors may again become one of the important factors affecting the performance of the US stock market.