On October 12th, the three major U.S. stock indices closed higher, with the Dow Jones Industrial Average and the S&P 500 Index reaching new historical highs. Specifically, the S&P 500 Index broke through the 5,800-point mark, marking the 45th time it has set a new record since the beginning of the current bull market.

In detail, by the close, the S&P 500 Index rose by 0.61% to 5,815.03 points; the Nasdaq Composite Index increased by 0.33% to 18,342.94 points; and the Dow Jones Industrial Average climbed by 0.97%, ending at 42,863.86 points.

Financial stocks became the highlight of the day, with financial giants such as JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley all recording significant gains. In its latest earnings report, JPMorgan Chase reported net interest income that exceeded expectations, reaching $23.53 billion, which was considerably higher than the market consensus. This strong performance propelled JPMorgan Chase's stock price to surge, with a single-day increase of 4.44%, and setting a new record for its highest price in history.

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Additionally, driven by the overall market sentiment, in the commodity sector, international gold prices regained their upward momentum, while international oil prices slightly declined, but most U.S. energy stocks rose.

At the same time, Chinese concept stocks listed in the U.S. also performed well. The NASDAQ Golden Dragon China Index rose for the second consecutive trading day, with a final increase of 0.91%. Notably, some Chinese concept stocks such as Alibaba, Tencent ADR, and Pinduoduo all experienced growth to varying degrees.

It is worth noting that although the Hong Kong stock market was closed for the Double Ninth Festival, the Hang Seng Index still fell by 6.53% for the week, and the Hang Seng Technology Index dropped by 9.39%. At the same time, the A-share market also performed poorly, with the three major indices opening lower and continuing to adjust, with the Shanghai Composite Index breaking below 3,200 points during the session, and smaller-cap indices seeing larger declines. In the first week after the holiday, the Wind All A Index fell by 4% in total, with only the STAR 50 and the Beijing Stock Exchange 50 rising, while the rest of the indices showed不同程度的回落.

Tesla's "Robotaxi Day" event on Thursday evening failed to provide investors with sufficient confidence, leading to a nearly 9% plunge in its stock price during Friday's trading. Although Tesla introduced several new products, including the autonomous taxi Cybercab, the lack of specific technical details and a clear market launch timeline led to market skepticism about its ability to deliver.

Furthermore, from an economic data perspective, the U.S. September PPI increase was basically in line with the previous month, indicating that the inflation outlook remains favorable, supporting the view that the Federal Reserve will cut interest rates again next month. However, the University of Michigan's October Consumer Sentiment Index fell to 68.9, below market expectations, marking the first decline in consumer confidence in three months.

For the future market trend, analysis institutions are cautiously optimistic. HSBC Jintrust believes that with the shift in policy and market sentiment, it is highly likely that a new round of market trends will be seen starting. BOC International's latest research report also states that the repair trend of risk assets in the fourth quarter is expected to continue, and A-shares are expected to usher in a better absolute return window for the year. However, it is also necessary to closely monitor the continuity of policy releases and the warming trend of economic data.