US Stock Market: All three major US stock indexes closed lower on December 1st, ending a five-day winning streak. At the close, the Dow Jones Industrial Average fell 427.09 points to 47,289.33, a decline of 0.9%; the S&P 500 ... The S&P 500 index fell 36.46 points to close at 6812.63, a decline of 0.53%; the Nasdaq... The composite index fell 89.77 points to close at 23,275.92, a drop of 0.38%.
Popular tech stocks showed mixed performance, with Broadcom... Google and Microsoft fell more than 4%. , Intel TSMC Nvidia shares fell more than 1%. , apple AMD, Micron Technology Synopsys rose more than 1%. It rose by nearly 5%.
Cryptocurrency, solar energy Sectors leading the declines included Sunrun (down over 8%), Bit Digital (down over 5%), and Coinbase (down over 4%). Silver stocks, freight, footwear and apparel, and oil and gas stocks led the gains, with American Silver Inc. rising over 6% and Naberth Industries... Nike rose more than 3%. Corolla It rose by more than 1%.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.87%. NetEase... Alibaba rose 5%. New Oriental rose more than 4%. Baidu rose more than 3%. XPeng Motors rose more than 2%. Li Auto iQiyi fell more than 2%. NIO fell more than 4%. It fell by more than 5%.
European stock markets: All three major European stock indices fell on December 1st. The FTSE 100 index in London closed at 9702.53 points, down 17.98 points, or 0.18%, from the previous trading day; the CAC 40 index in Paris closed at 8097.0 points, down 25.71 points, or 0.32%, from the previous trading day; and the DAX index in Frankfurt closed at 23589.44 points, down 247.35 points, or 1.04%, from the previous trading day.
Commodity Markets: International oil prices rose on December 1st. At the close of trading, the WTI crude oil futures contract for the current month on the New York Mercantile Exchange rose $0.96 to settle at $59.51 per barrel, a gain of 1.64%. The COMEX gold futures contract for the current month rose $10.10, or 0.24%, to $4265.0 per ounce. International silver prices continued to hit record highs, with spot silver prices rising 2.8% to $57.99 per ounce. The COMEX silver futures contract for the current month rose $1.287, or 2.25%, to $58.45 per ounce.
Overnight news
Rumors are swirling again in the cryptocurrency world about the Federal Reserve Chair's resignation. Experts say the probability of Powell resigning voluntarily is zero, and the leading candidate is "pretending to be very pro-Trump."
On the evening of November 30th, Eastern Time, a short post about "Powell about to hold an emergency meeting and announce his resignation" quickly went viral on foreign social media.
Masayoshi Son, Japan's richest man, cashed out 41.5 billion yen: I sold my Nvidia shares while crying because I needed cash.
According to CLS (China Lianhe Securities), SoftBank Group founder Masayoshi Son recently stated that if the company had unlimited funds to support its research in artificial intelligence... Given the next round of investment in the field, including a large bet on OpenAI, he wouldn't have sold his Nvidia shares. It's worth noting that this is Son's first comment since selling all his Nvidia shares in November. Son stated, "I didn't want to sell a single share; I just needed the funds to invest in OpenAI and other projects. I sold my Nvidia shares while crying."
Silver hit new highs overnight! Gold also broke through its nearly 6-week high.
Spot silver broke through its all-time high again to $58.8 per ounce, more than doubling in value this year. This is driven by factors including tight supply, speculative short squeezes, and macroeconomic events. Expectations of a Fed rate cut and the risk of unwinding yen carry trades continue to boost precious metals. Market sentiment will be closely watching Powell's latest remarks. Influenced by multiple factors, spot silver continued to break historical highs last night and this morning, simultaneously driving international gold prices slightly higher.
Nvidia secures EDA dominance! $2 billion investment in Synopsys expands its cooperation footprint.
On Monday (December 1st) before the US stock market opened, Nvidia announced on its website an expanded strategic partnership with Synopsys and an investment of $2 billion to purchase Synopsys common stock. In its statement, Nvidia wrote that this expanded partnership will integrate Nvidia's strengths in artificial intelligence and accelerated computing with Synopsys 's expertise. Leading engineering solutions help R&D teams design, simulate, and validate smart products with greater accuracy, faster speed, and lower cost.
A New Approach to AI-Driven "Circular Trading": OpenAI Enters the Private Equity Sector, Directly Promoting the Use of AI by Enterprises
After a series of dazzling "circular deals" that have bound a host of suppliers and customers together, OpenAI is taking this approach to a new area: private equity (PE) investment. The $500 billion startup announced Monday that it will acquire a stake in New York-based investment firm Thrive Holdings and will deploy AI experts to companies under Thrive Holdings. For context, Thrive Holdings was established in April of this year by Thrive Capital, founded by Joshua Kushner (brother of Jared Kushner, Trump's son-in-law), who has been one of OpenAI's major shareholders since 2023.
Runway, a startup with 100 employees, released an AI video model that generates videos with quality surpassing Google's OpenAI competitors.
On Monday (December 1st) local time, US AI startup Runway launched Gen-4.5, a new video model that outperformed similar products from Google and OpenAI in independent benchmark tests. Gen-4.5 can generate high-definition video content based on user-provided text prompts, describing motion and movement. Runway stated that this model excels in understanding physical laws, human movement, camera movement, and causal relationships.
The "big short seller" has fired again, claiming that Tesla's market value is "absurdly overvalued."
Michael Burry, a well-known short-selling investor and often referred to as "The Big Short," has set his sights on Tesla , owned by Elon Musk, the world's richest man. Burry wrote on Sunday on the content publishing platform Substack that Tesla is "absurdly overvalued."
WHO: GLP-1 weight loss drugs open a "new chapter" in the global fight against obesity.
On Monday, local time, the World Health Organization (WHO) stated that weight-loss drugs such as Mounjaro hold great potential in addressing the global obesity crisis, which is projected to affect 2 billion people worldwide by 2030. Given the significant efficacy of these drugs in aiding weight loss, this signifies a "new chapter" for national health systems in treating obesity and the deadly diseases it causes.
US and Israeli leaders spoke by phone; Trump invited Netanyahu to visit the US.
On December 1, local time, the Israeli Prime Minister's Office issued a statement saying that Prime Minister Netanyahu and US President Trump spoke by phone that evening. The statement said the two leaders emphasized the importance and related obligations of disarming Hamas and achieving demilitarization of the Gaza Strip, and discussed expanding the peace agreement.
AI-driven power-grabbing war changes operational paradigms; Disney directly hires traders to control costs.
Facing a new paradigm in the electricity market in the "AI era," large American companies are managing energy costs more shrewdly, with global entertainment giant Disney being a prime example. This is no exception. According to a job posting on the company's website, Disney is recruiting a full-time energy trader to work in Orlando, Florida.
Airbus stock price plunges: Software bugs and manufacturing defects may hinder year-end targets.
Shares of French aircraft manufacturer Airbus plummeted during the European session on Monday (December 1), hitting a low of €182.38 per share, its lowest level since early September, with a daily drop of up to 10.8%. Reports surfaced that multiple industry sources indicated an industrial quality issue with the fuselage skin of the Airbus A320 series aircraft, affecting dozens of planes.
Disclaimer: This article is generated by AI and is for reference only. It does not constitute any investment advice, and any actions taken based on it are at your own risk.
(Article source: Eastmoney) Research Center
