Express News | UBS Group: It is expected that the Federal Reserve may purchase approximately $40 billion worth of short-term Treasuries each month by early 2026.

BreakingsDec 6 10:28

U.S. Stocks Close | Major indices edged higher, with the Nasdaq Composite posting a four-day winning streak; Storage-related stocks gained momentum, as Micron Technology and Western Digital surged over 4%; SoftBank Group rose as much as 50% during talks t

Traders exercised caution ahead of the Federal Reserve's interest rate decision next week, with the three major U.S. stock indexes closing higher on Friday amid thin trading volumes. After experiencing significant volatility earlier in the week, U.S. equities saw a strong rebound in technology stocks and a basket of 'most-shorted stocks' in the second half of the week, driving the Nasdaq Composite to finish higher on a weekly basis. Meanwhile, U.S. Treasuries posted their worst weekly performance since June. AI application software stocks generally rose, with Rubrik surging over 22% post-earnings, while Adobe, Salesforce, and Reddit climbed more than 5%, and Palantir increased by over 2%. The storage concept regained momentum, as SanDisk jumped over 7%, and Micron Technology, Seagate Technology, and Western Digital advanced more than 4%. Quantum computing, cryptocurrency mining companies, and cryptocurrency-related concepts underperformed.

wallstreetcnDec 6 07:40

U.S. Equity ETF Tracker | Spot silver hit a new high again, with the 2x Long Silver ETF rising nearly 5%; a $1.5 billion stock offering plan was launched, and the 2x Short OKLO ETF surged nearly 12%; quantum computing concepts performed weakly, with the 2

All three major U.S. stock indexes closed slightly higher, with the Dow Jones Industrial Average up 0.22%, the Nasdaq Composite rising 0.31%, and the S&P 500 Index gaining 0.19%. Most large-cap technology stocks advanced, led by Broadcom, which surged over 2%, while Google and Meta both climbed more than 1%. Meanwhile, Apple and NVIDIA saw declines of less than 1%.

Futu NewsDec 6 06:42

Top 20 Transactions | A $720 billion deal to acquire a century-old Hollywood studio sends WBD up over 6%, while Netflix falls nearly 3% against the trend; storage concept rebounds with Micron Technology rising nearly 5%; strategic realignment gains market

NVIDIA, the top stock by trading volume on the US market on Friday, closed down 0.53% with a turnover of $26.069 billion. Earlier this week, NVIDIA's CFO Colette Kress emphasized that the majority of large model vendors are still indirect customers of NVIDIA, accessing NVIDIA’s products through CSPs (large cloud service providers). For quite some time, over 50% of NVIDIA's quarterly revenue has come from large CSPs. Hyperscale cloud service providers purchase computing resources for internal use or to transition towards accelerated computing.

Global Market UpdatesDec 6 06:33

Strongly Supporting 'One of Their Own' in Reform: "Shadow Fed Chair" Hassett Backs Bessent, Proposes Residence Requirements for Regional Fed Presidents

Hassett supports the new regulation proposed by Bessent, which requires candidates for regional Fed presidents to have resided in their respective jurisdictions for at least three years. He reiterated that the Federal Reserve should proceed with cautious rate cuts next week. Unless disrupted by a 'black swan' event, next year is expected to be a golden year for the economy. 'Given the accelerating development of AI,' productivity may increase by 4% next year.

wallstreetcnDec 6 03:56

The belated US inflation data came in below expectations, with consumer spending growth nearly stalling, completing the “final piece of the puzzle” for a December rate cut?

① The U.S. core PCE year-over-year rate was 2.8% in September, lower than expected and a decline from the previous month, providing support for policy easing; ② Although expectations of interest rate cuts have stabilized, real consumer spending growth has nearly stalled, raising concerns about an economic slowdown; ③ Due to the government shutdown, economic data after October will not be clear until mid-December.

cls.cnDec 6 01:31