Overview
This week, the U.S. stock market initially faced volatility due to AI overheating debates and uncertainty surrounding the Federal Reserve's interest rate policies. However, towards the end, major tech stocks rallied, leading to an upward closing. The S&P 500 index rose by 0.9%, while the Nasdaq index advanced by 1.3%. The LZN index showed an upward trend for the second consecutive day, recovering the week's losses. Notably, MVIDIA's stock increased by 3.9% amid reports of the U.S. government considering the export of its H-200 AI technology to China.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News
- Major Tech Stock Rebound: Despite initial concerns over AI technology overheating, major tech stocks rebounded significantly, pushing the Nasdaq index up by 1.3%.
- MVIDIA's Surge: MVIDIA saw a 3.9% rise in its stock price following news of potential U.S. government approval for exporting its H-200 AI technology to China.
- Entertainment Sector Spike: The announcement of TikTok's U.S. business division's sale to a newly formed joint venture, including Oracle and Silver Lake, led to a spike in entertainment sector stocks.
- Economic Indicators: Despite mixed signals from recent economic indicators, the market remains optimistic about two potential interest rate cuts in 2026.
Tomorrow's Economic Indicators
| Release Time | Details |
|---|---|
| - | No data provided |
General Opinion
This week saw a market rally driven by the rebound of major tech stocks despite challenges posed by AI overheat concerns and interest rate policy uncertainties. The prospect of a positive end-of-year Santa Rally further buoyed market sentiments, with analysts predicting possible sustained uptrends through the holiday season.
