News

Jinse Finance reported that U.S. stocks opened collectively higher, with the Dow Jones up 1.08%, the Nasdaq up 2.19%, and the S&P 500 Index up 1.6%. Nvidia surged 5%, with its third-quarter revenue reaching $57 billion, a 62% year-on-year increase; it is expected that fourth-quarter revenue will be around $65 billion, while the market expected $62 billion. AMD rose nearly 4%, and AMD plans to build and operate up to 1 GW of AI infrastructure in Saudi Arabia by 2030.

Jinse Finance reported that Seema Shah, an analyst at Principal Asset Management, commented on the US September non-farm payrolls: The market's response to the non-farm employment report was mixed. The stock market welcomed the higher-than-expected employment numbers, indicating that the economy remains robust; meanwhile, the bond market focused more on the rising unemployment rate and slowing wage growth, which could leave the possibility of a Federal Reserve rate cut in December. Today's employment data is unlikely to make the Fed inclined to cut rates in December. Even so, holding steady in December would not be a serious mistake. Although low consumer confidence highlights concerns about job security, the labor market, while somewhat soft, is far from recession, giving the Fed breathing room to act decisively once there is enough compelling data. (Golden Ten Data)