**: Global Market Broadcast.
On the evening of the 27th, Beijing time, U.S. stocks rose slightly in early trading on Wednesday. The S&P 500 continues to move toward record levels, with the index slipping less than 0 percent from its all-time high on Tuesday5%。
The Dow rose 5040 points, an increase of 013% at 3759573 points;The Nasdaq rose 2710 points, an increase of 018% at 1510168 points;The S&P 500 rose 459 points, an increase of 010% at 477934 points.
U.S. stocks are trading into the last week of 2023. The U.S.** market is closed on Monday for the Christmas holiday. U.S. stocks closed higher on Tuesday, with the S&P 500 trading just above its all-time high of 4,796 set in January 202256 points low 045%, compared with the intraday all-time high of 481862 points low 09%。
In addition, the Nasdaq 100 hit an all-time high on Tuesday.
U.S. stocks as a whole have performed strongly in 2023. So far this year, the Dow has **1327%, S&P 500**2436%。
The Nasdaq Composite Index is 4403%, which is expected to record the largest annual increase since 2003. This year, large-cap technology stocks** and artificial intelligence concept stocks have been popular, pushing this technology-dominated benchmark index to outperform other stock indexes.
The United States** is currently at the peak of the so-called "Christmas rally", which includes the last five trading days of the year and the first two trading days of the new year. According to the Traders' Almanac since 1950, the S&P 500 has averaged about 13%。
Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: "Buyers are certainly not going to back down until the S&P 500 is pushed to new highs this week or next. The optimism in the market has been overdone a bit. The Fed is likely to cut rates, but not at the rate that the market is currently pricing in. Once Santa's excitement wears off, a hangover hits. ”
Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said he was not surprised that sentiment has been high lately and continues to dominate the market this week. But he also believes that the market may be overly optimistic, especially if the Fed starts cutting interest rates later than traders expect.
According to CME Group's FedWatch tool, the market is pricing in a more than 70% chance of a rate cut at the Fed's March meeting.
Focus**. Tesla is expected to set another new record for EV deliveries, likely below CEO Elon Musk's ambitious internal annual target of 2 million units set earlier this year. In the face of slowing sales, Tesla used its industry-leading margins to slash the ** of four models globally in 2023.
Garrett Nelson, senior analyst at CFRA Research, said: "Tesla's fourth-quarter deliveries are usually the highest in a year, and the same is expected to be the case this year. ”
The New York Times sued OpenAI and Microsoft for copyright infringement in Manhattan District Court on Wednesday, largely because the two companies used works published by The New York Times to train their AI technology without authorization. The New York Times also became the first major U.S. organization to sue these AI companies.
In its indictment, The New York Times alleges that millions of articles it published were used by OpenAI and Microsoft to train its automated chatbots, which are now competing with The New York Times as reliable information.
In order to ensure the stability of HBM**, Nvidia has paid hundreds of millions of dollars in advance payments to SK hynix and Micron, which is equivalent to the confirmed** contract. Samsung Electronics also recently concluded product testing and signed an HBM product ** agreement with NVIDIA.
After the White House refused to overturn the ban on Apple Watch sales in the United States, Apple filed an appeal to defend a business with annual revenues of about $17 billion.
Apple will challenge an injunction imposed by the U.S. International Commission (ITC) over a patent dispute in the U.S. Court of Appeals for the Federal Circuit. On December 26, the company also filed an urgent motion seeking to temporarily lift the ban on the sale of watches while the appeal period remains.