U.S. stocks closed higher across the board, marking their fourth consecutive day of gains. At the close, the Nasdaq rose 0.57%, the S&P 500 gained 0.45%, and the Dow Jones Industrial Average climbed 0.16%. The S&P 500 hit a new closing high.
Most major tech stocks rose, with Nvidia among them. Google and Amazon rose more than 3%. Meta and Apple rose more than 1%. , Microsoft Netflix Slight increase; Tesla , Intel Slight decline. Novo Nordisk Surges over 7% as the FDA approves Novo Nordisk 's first oral GLP-1 weight-loss drug. .
Nasdaq The China Golden Dragon Index closed down 0.58%. (Pony.ai) NIO fell 3% Bilibili fell more than 2%. Alibaba fell nearly 1%; Slight increase.
Global News
For the first time in history! Spot silver hit $70/ounce, LME copper surpasses $12,000/ton.
Spot silver touched $70/oz for the first time in history, up 1.45% on the day. Spot silver has risen 142% year-to-date. LME copper climbed above $12,000/ton, setting a new record high, and was last quoted at $12,126/ton, up 1.69% on the day.
An Asian currency is quietly benefiting from the gold price surge.
① The rise in gold prices has not only impacted the commodity market but also made the Thai baht one of the best-performing currencies in Southeast Asia; ② Despite the difficulties facing the Thai domestic economy, it has bucked the trend and strengthened this year. On Wednesday, international gold prices continued their upward trend, once again reaching a new historical high. COMEX gold futures briefly broke through $4,500/ounce in early trading, while spot gold broke through $4,480/ounce.
Trump's Christmas holiday creates minor trouble: US stock market trading continues, but information disclosure system is closed.
① Trump's impromptu five-day Christmas holiday unexpectedly created a special window for the US stock market—trading continued uninterrupted, but the SEC's core disclosure system, EDGAR, was suspended; ② US-listed companies will be unable to submit key documents such as 8-Ks, executive transactions, and changes in major shareholders from Wednesday to Friday this week.
Amid Wall Street's concerns about a US stock market AI bubble, global funds are flowing into China in search of the "next DeepSeek".
① Global investors are increasing their investment in Chinese artificial intelligence ① Companies are investing heavily, hoping to discover the next "DeepSeek moment" and diversify their portfolios; ② Chinese chip manufacturers are accelerating their listing process, with Moore Threads and Muxi Shares, which listed on the A-share market this month, attracting particular attention from investors; ③ UBS Global Wealth Management's report rated China's technology sector as the "most attractive" sector.
2025 Gold Year-End Review: Changing Macroeconomic Environment Provides Reasons for Gold Price Increases
① International gold prices rose by more than 70% in 2025, and Wall Street institutions are generally optimistic about next year; ② There are many factors driving the rise in gold prices this year, from the safe-haven demand triggered by the uncertainty of the US government at the beginning of the year, to investment buying by Chinese and North American investors, and then to the Fed's interest rate cut policy in the second half of the year. These reasons have jointly solidified the main trend of gold price increases and will continue to exert their strength next year.
Tesla's European sales fell nearly 12% in November, while BYD's market share steadily increased.
① Data released on Tuesday showed that Tesla 's sales in Europe fell 11.8% year-on-year in November, and its market share also dropped from 2.5% a year ago to 2.1%; ② BYD Tesla's sales in Europe surged 221.8% year-on-year in November, while its market share rose from 0.6% a year ago to 2%. Data released on Tuesday showed that Tesla 's sales in Europe continued to decline in November, while its Chinese rival BYD recorded strong year-on-year growth in the region and steadily increased its market share.
Bank of America CEO: AI's economic influence is gradually increasing; even if the industry contracts, there is no need to worry too much.
① Bank of America Bank of America CEO Brian Moynihan stated that artificial intelligence is having a significant impact on the US economy, and the company continues to increase its investment in AI, expecting AI to make an even greater contribution to the economy next year; ② Moynihan believes that even if the AI industry contracts, its impact on the overall economy will be limited. On Monday, Eastern Time, Bank of America CEO Brian Moynihan stated that artificial intelligence is having an increasingly significant impact on the US economy.
