On Wednesday, November 6, local time, the three major U.S. stock indexes collectively rose sharply. As of the close, the Dow rose 3.57%, the Nasdaq rose 2.95%, and the S&P 500 rose 2.53%. All three major stock indexes closed at record highs. Tesla surged nearly 15%. Musk's net wo

On Wednesday, November 6, local time, the three major U.S. stock indexes collectively rose sharply. As of the close, the Dow rose 3.57%, the Nasdaq rose 2.95%, and the S&P 500 rose 2.53%. All three major stock indexes closed at record highs.

Tesla surged nearly 15%. Musk’s net worth surged by US$20.9 billion (approximately RMB 150 billion) in one day, with total assets reaching US$285.6 billion, far surpassing Jeff, who ranks second on the world’s richest list. Bezos.

Federal Reserve Chairman Powell will announce the latest interest rate decision in one day and is expected to respond to the impact of the election results on the Federal Reserve's decision-making.

On Wednesday, November 6, local time, the three major U.S. stock indexes collectively rose sharply. As of the close, the Dow rose 1,508.05 points, or 3.57%, to 43,729.93 points; the Nasdaq rose 544.30 points, or 2.95%, to 18,983.47 points; the S&P 500 rose 146.28 points, or 2.53%, to 5,929.04 points.

The three major U.S. stock indexes all closed at record highs. According to data compiled by Bloomberg, the rise in U.S. stocks that day set the best performance after the U.S. election in history. The Russell 2000 index of smaller companies rose nearly 6%. The U.S. Philadelphia Bank Index rose more than 10%, hitting a new high since March 2022. Most large technology stocks rose, with Tesla soaring nearly 15%, hitting a new high since July 2023. Nvidia , Amazon , Netflix , etc. all hit new closing highs.

David Benson, chief investment officer of Bahnsen Group, a Wall Street investment institution, said: "Currently, investor sentiment is pro-growth, pro-deregulation and pro-market. There is also an assumption that M&A activity will pick up and more tax cuts will Measures are about to be introduced, or existing tax cuts will be extended, which creates a strong background for the stock market. "

On November 6, local time, the US Republican presidential candidate Trump declared victory in the 2024 presidential election.

After Trump wins the election, the market’s focus will turn to the Federal Reserve’s latest interest rate decision. The CME Group FedWatch tool shows that the probability of the Federal Reserve cutting interest rates by another 50 basis points in 2024 has dropped to 67.9% from 77.3% one day ago.

Economists at Nomura expect the Fed to cut interest rates only once in 2025, and raised their terminal interest rate forecast by 50 basis points to 3.625%. Economists including David Seif wrote in a report: "We expect Trump to implement his campaign proposals to increase tariffs, which will significantly increase inflation and cause a modest slowdown in growth in the short term."

Federal Reserve Chairman Powell will The latest interest rate decision will be announced one day later and is expected to respond to the impact of the election results on the Federal Reserve's decision-making. Trump repeatedly criticized Powell during his first term, even considering firing him, and suggested the president should have some say in interest rate policy. Although the Fed enjoys a certain degree of independence, Trump's public criticism could shake the market's trust in the Fed's independence. Analysts believe that Trump may indirectly influence the Fed's policies through future personnel appointments.

In other markets, international oil prices fell. As of the close of the day, the price of light crude oil futures for December delivery on the New York Mercantile Exchange fell 30 cents to close at $71.69 per barrel, a decrease of 0.42%; the price of London Brent crude oil futures for delivery in January 2025 fell. 61 cents, closing at $74.92 per barrel, a decrease of 0.81%.

The U.S. dollar index rose. The U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 1.61% that day and closed at 105.090 in late foreign exchange trading. USD/JPY rose above 154.

Wells Fargo Bank said in a client report on Wednesday that as U.S. bond yields rise and concerns around trade and foreign policy persist, the yen and others may experience a deeper decline. The yen may fall below 155 per dollar and even test the 2024 low of 161.95; the Bank of Japan may choose to respond by sending a signal or raising interest rates earlier.

U.S. bond yields rose collectively. The 2-year U.S. bond yield rose 7.7 basis points to 4.272%, the 3-year U.S. bond yield rose 9.5 basis points to 4.241%, and the 5-year U.S. bond yield rose 11.5 basis points to 4.241%. 4.278%, the 10-year U.S. Treasury yield rose 15.7 basis points to 4.435%, and the 30-year U.S. Treasury yield rose 16.8 basis points to 4.613%.

International precious metal futures closed sharply lower. Comex gold futures fell 2.97% to US$2,668 per ounce; Comex silver futures fell 4.59% to US$31.27 per ounce.

In terms of sectors, 8 of the 11 major sectors of the S&P 500 Index rose by 3 and fell. Among them, the financial sector rose 6.16%, and the information technology and discretionary consumer sectors both rose by more than 3%. The real estate sector weakened, leading the decline with a 2.64% decline.

Popular technology stocks mostly rose. Tesla rose more than 14%, Intel rose more than 7%, Texas Instruments , Micron Technology rose more than 6%, Oracle rose more than 5%, Qualcomm and Nvidia rose more than 4%, Google a, Amazon rose nearly 4%, Broadcom and Cisco rose by more than 3%, ARM, AMD, , Microsoft rose by more than 2%, meta, , Apple fell slightly, TSMC fell by more than 1%, ASML fell by more than 2%, and Eli Lilly fell by more than 2%. Over 3%, Super Micro Computer fell over 18%.

Tesla rose 14.75%. According to previous reports by "Capitol Hill", Musk has publicly supported Trump since July 2024 and invested at least US$118 million in his campaign team. Affected by Trump's successful presidential campaign, Tesla closed sharply higher. Analysts believe that Trump's victory will make Tesla the main beneficiary, especially in the context that the Trump administration may reduce tax incentives for electric vehicles, giving Tesla an advantage over other manufacturers. In addition, Trump mentioned Musk many times in his victory speech and praised the performance of SpaceX rocket launches and "Starlink" in providing networks in disaster areas. Analysts believe that after Trump takes office, SpaceX may face fewer restrictions in terms of worker safety and environmental supervision, which is expected to further promote the company's development.

In addition, Forbes Rich List data shows that Tesla’s surge has caused the company’s CEO Musk’s net worth to increase by US$20.9 billion (approximately RMB 150 billion) in a single day, with total assets reaching US$285.6 billion, far exceeding the ranking in the world. Jeff Bezos is second on the rich list.

(Forbes Rich List. Source: forbes)

NVIDIA rose 4.07%, and its stock price hit a new historical closing high. NVIDIA's latest market value has been pushed to US$3.57 trillion, further consolidating its position as the world's largest company in market value. Nvidia briefly became the world's most valuable company in June this year, but was later overtaken by Apple.

Nvidia shares have risen more than 850% since the end of 2022, accounting for 7% of the S&P 500 index. In recent years, AI has become a topic of market concern. Major companies such as Microsoft, Amazon, and Google have increased their investment in AI, and most of them are NVIDIA's major customers. As Nvidia solves problems such as blackwell chip delays, the market is more optimistic about its growth prospects. Analysts expect Nvidia's revenue to double this fiscal year and grow 44% in the next fiscal year.

Amazon rose 3.80%, its stock price also hit a record high, and its market value was pushed to 2.18 trillion US dollars, breaking the high since July, with an increase of more than 30% during the year. The company's cloud computing division, Amazon Web Services, performed strongly, especially benefiting from the long-term demand for artificial intelligence, providing impetus for future development. Mike Bailey, head of research at fbb Capital Partners, said that Amazon's e-commerce, cloud computing and advertising businesses have all performed well. While focusing on cost and profit improvements, the valuation is reasonable and they continue to be optimistic about its growth potential. Currently, about 94% of Wall Street analysts recommend buying, with the average price target 15% above Amazon's current stock price.

Super Micro Computer fell 18.05%. In terms of news, Super Micro Computer's preliminary estimate of sales growth in the third quarter is as high as 183% year-on-year, still lower than analysts' expectations; sales growth in the fourth quarter is expected to slow down to a minimum of 50%, far lower than the nearly 86% growth rate expected by analysts. Last week, Ernst & Young, the company's auditor, unexpectedly quit the company after raising questions about its financial audit.Although a special committee of the company's board of directors said it found no fraud or wrongdoing, the disagreement with the auditors added to confusion. In addition, Super Micro Computer postponed its annual report in August, saying it needed to evaluate internal controls and faced accusations from short-selling institutions. Since Super Micro Computer is still unable to predict when it will release its annual report for the last fiscal year, the risk of delisting has intensified.

arm rose 2.87%. arm announced its second-quarter earnings after the U.S. stock market closed on Wednesday. The financial report showed that total revenue in the second fiscal quarter was US$844 million, while analysts expected US$810.9 million; adjusted earnings per share in the second fiscal quarter were 30 cents, compared with the estimate of 26 cents. The company expects revenue in the third fiscal quarter to be US$920 million to US$970 million, while analysts expected US$950.9 million. After the market opened, ARM's stock price fell sharply, currently down more than 5%.

Qualcomm rose 4.27%. The company's adjusted revenue in the fourth fiscal quarter was US$10.24 billion, with an estimate of US$9.91 billion; adjusted earnings per share in the fourth fiscal quarter were US$2.69, with an estimate of US$2.56. Qualcomm's board of directors approved a new $15 billion stock repurchase plan. Affected by this news, Qualcomm's US stock price rose by more than 10% after the market closed.

Financial stocks collectively exploded. Capital One Financial rose more than 15%, Wells Fargo and Goldman Sachs rose more than 13%, Morgan Stanley and District Financial rose more than 13%, Bank of America and Citigroup rose more than 8%, U.S. Bank rose more than 7%, and the United States American Express rose nearly 7%, Visa, Mizuho Financial, and UBS Group rose more than 4%, Travelers Insurance and Mastercard rose more than 3%, American International Group rose more than 2%, BlackRock rose more than 1%, and Deutsche Bank fell slightly. .

U.S. bank stocks including Citigroup, JPMorgan Chase and Goldman Sachs surged on Wednesday as investors bet that Trump would deliver on his promises to lower taxes and loosen banking regulations. During the campaign, Trump pledged to lower the corporate tax rate from 21% to as low as 15% and eliminate 10 old rules for every new rule, which would create a more favorable environment for the banking industry than his rival Harris. Attractive environment, the latter had planned to increase corporate taxes. Trump also pledged to reform key regulatory agencies and promised to fire regulators including Securities and Exchange Commission (SEC) Chairman Gary Gensler.

Visa rose 4.81% and Mastercard rose 3.08%. EU antitrust regulators are investigating whether Visa and Mastercard's fees negatively impact retailers. According to EU documents exclusively obtained by Reuters, the European Commission issued a questionnaire to retailers and payment service providers in September, asking whether the fees charged by the two companies from 2016 to 2023 affected their business.

Visa and Mastercard dominate the market, and retailers have expressed dissatisfaction with the fees they have charged in recent years, saying they are not transparent. The EU may establish an antitrust case based on these questionnaires. If the investigation results confirm unfair competition, the two companies may face a fine of 10% of global turnover.

Energy stocks generally rose, with Schlumberger rising nearly 8%, Apache Petroleum and Murphy Oil rising nearly 5%, ConocoPhillips rising more than 4%, Chevron and Imperial Petroleum rising more than 2%, and Occidental Petroleum rising. Nearly 2%, Exxon Mobil, American Energy, and Petrobras rose more than 1%, BP and Shell rose slightly, and Duke Energy fell slightly.

Popular Chinese concept stocks generally ended lower, with the Nasdaq China Golden Dragon Index falling 1.83%. Huya fell by more than 6%, Weilai fell by more than 5%, Bilibili fell by more than 4%, Xpeng Motors fell by nearly 4%, JD.com, Miniso, and Li Auto fell by more than 3%, and New Oriental and Weibo fell by nearly 4%. 3%, iQiyi, Alibaba, Futu Holdings, and Manbang fell more than 2%, Douyu, Pinduoduo, and Baidu fell more than 1%, Tencent Music fell nearly 1%, NetEase fell slightly, and Vipshop rose slightly.

Source: Securities Times