According to Zhitong Finance, on Tuesday, the three major indices fell, with ASML.US's third-quarter performance collapse dragging down chip stocks, and the Nasdaq falling more than 1%. San Francisco Fed President Daly said on Tuesday that if inflation falls as expected, the Fed will further cut interest rates.[US Stocks] At the close, the Dow fell 324.80 points, or 0.75%, to 42,740.42 points; the Nasdaq fell 187.10 points, or 1.01%, to 18,315.59 points; the S&amp;P 500 fell 44.59 points, or 0.76%, to 5,815.26 points. The Philadelphia Semiconductor Index fell more than 5%, with NVIDIA (NVDA.US) down 4.6%, AMD (AMD.US) down 5%, and ASML.US down 16%. The Nasdaq Golden Dragon Index closed down 5.9%, with Alibaba (BABA.US) down 5.5%.[European Stocks] The German DAX30 index rose 2.54 points, or 0.01%, to 19,503.95 points; the UK FTSE 100 index fell 46.05 points, or 0.56%, to 8,246.61 points; the French CAC40 index fell 80.09 points, or 1.05%, to 7,521.97 points; the Euro Stoxx 50 index fell 93.26 points, or 1.85%, to 4,947.75 points; the Spanish IBEX35 index rose 79.25 points, or 0.67%, to 11,930.15 points; the Italian FTSE MIB index fell 111.55 points, or 0.32%, to 34,569.00 points.[Asia-Pacific Stock Markets] The Nikkei 225 index rose 0.77%, the Indonesia Jakarta Composite Index rose 0.89%, and the Vietnam VN30 index fell 0.2%.[Cryptocurrency] Bitcoin rose 0.57% to $66,400.44 per coin; Ethereum fell 1.6% to $2,585.87 per coin.[Gold] COMEX gold futures rose 0.52% to $2,679.50 per ounce. COMEX silver futures rose 0.18% to $31.685 per ounce.[Crude Oil] NYMEX WTI crude oil futures for November delivery fell $3.25, or 4.40%, to $70.58 per barrel; ICE Brent crude oil futures for December delivery fell 4.14% to $74.25 per barrel.[Metals] London metals fell, with LME nickel and LME copper down more than 1.2%, LME aluminum down 0.96%, and LME zinc down more than 1.3%.[Macro News]Fed's Daly: Central Bank Officials Must Remain Vigilant to Sustain Economic Growth. San Francisco Fed President Daly said that as inflation cools and the labor market cools, the Fed must remain vigilant, but she is optimistic that officials can maintain the current momentum of economic expansion. Daly stated that workers are benefiting from a strong labor market that is attracting more people to join the workforce and narrowing income disparities, much like in past long periods of growth. &#34;We have seen some of the same patterns in the current expansion.&#34;Prime-age labor force participation rate reaches new high, &#34;Daly said,&#34; Compared to recent history, the current economic expansion is still relatively early.&#34; Daly believes that the Federal Reserve still has several rate cuts before monetary policy returns to neutral. Daly said about the federal funds rate: &#34;The fact is, we still have a long way to go to reach the possible level.&#34; She added that the nominal neutral interest rate may have risen before the outbreak of the epidemic, but the exact level is difficult to predict accurately. She said that 3% might be a good guess.New York Fed survey: The proportion of American consumers expected to default on debt reaches the highest level since 2020. According to a survey by the Federal Reserve Bank of New York, the proportion of American consumers who expect to default on debt themselves rose to the highest level since April 2020 last month. According to the monthly consumer expectations survey released on Tuesday by the New York Fed, the proportion of consumers expected to be unable to pay the minimum repayment amount in the next three months rose to 14.2%, marking the fourth consecutive month of increase. Middle-aged respondents drove this increase. These data further confirm the view that the U.S. economy is becoming increasingly divided, with some households doing well while others are struggling. In recent months, the rise in the stock market has helped drive overall household net worth to record levels, but many Americans do not hold a large amount of stocks, and debt has increased in recent years as interest rates have risen.Canada's inflation rate in September dropped to 1.6%. Canada's statistics agency released a report on the 15th local time stating that the Canadian Consumer Price Index (CPI) rose by 1.6% year-on-year in September 2024, lower than the 2% increase in August. This is the smallest increase since February 2021. The report stated that the decline in gasoline prices was the main reason for the overall inflation rate decline in September. The Bank of Canada has cut the benchmark interest rate three times this year, each time by 25 basis points, to 4.25%. Analysts believe that the data for September increases the possibility of the Bank of Canada accelerating rate cuts.[Stock News]ASML (ASML.US) Q3 earnings released early, company's outlook disappointing. Earlier on Tuesday, ASML, which was originally scheduled to release its Q3 earnings report on Wednesday, was briefly released early due to a technical error. Although the link was quickly deleted, the report was fully released before noon. The major news in the report is the company's disappointing outlook. According to FactSet data, it is currently expected that ASML's total net sales in 2025 will reach 30 billion euros to 35 billion euros, while the market generally predicts 35.8 billion euros. ASML CEO Christophe Fouquet said, &#34;Although artificial intelligence still has strong development and growth potential, other submarkets will take longer to recover. It now appears that the economic recovery is slower than previously expected. This situation is expected to continue until 2025, leading to cautious customer attitudes.&#34;AI boom drives Apple (AAPL.US) stock to hit new intraday high, maintaining its position as the most valuable company. Apple's stock price expanded its gains on Tuesday, reaching a record high intraday, benefiting from market optimism that the company will benefit from the launch of the AI-powered iPhoneThe stock rose 2.7% to $237.49, hitting its first record high since July. This surge solidified Apple's position as the world's largest company, with a market value exceeding $3.6 trillion. While large tech companies have seen widespread gains, Apple's performance has been particularly strong. The stock has risen by 37% in the past six months, more than doubling the 15.5% gain of the Nasdaq 100 index.Boeing (BA.US) is poised to raise up to $25 billion. Boeing has indicated that it may raise up to $25 billion through the issuance of new shares or debt to alleviate the financial pressure from years of massive losses. The company also stated that it has reached a $10 billion supplemental credit agreement with several U.S. banks. Regulatory filings show that Boeing may strengthen its financial position in the next three years by raising funds and entering into new loan agreements with lenders. Since the beginning of 2019, Boeing has incurred losses exceeding $25 billion, and with its major production of commercial aircraft workers entering the second month of a strike, the company's finances face new pressures. The strike is impacting the company's cash flow. Boeing has burned through over $1 billion in cash, with remaining cash and securities totaling $10.3 billion as of September. Last Friday, Boeing's new CEO Kelly Ortberg announced plans to cut approximately 10% of the workforce, equivalent to about 17,000 positions, and delayed the launch of a new 777 large passenger jet. Due to the strike, production of Boeing's current 777 model and its best-selling 737 Max aircraft has been forced to halt

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On Tuesday, the three major U.S. stock indexes fell, with ASML plummeting due to its third-quarter performance, leading to a sharp decline in chip stocks, causing the Nasdaq to drop by over 1%. The Dow Jones Industrial Average fell by 324.80 points, the Nasdaq fell by 187.10 points, and the S&P 500 Index dropped by 44.59 points. The Philadelphia Semiconductor Index fell by over 5%, NVIDIA dropped by 4.6%, AMD fell by 5%, and ASML plummeted by 16%. The Nasdaq China Golden Dragon Index closed down by 5.9%

- On Tuesday, major indices fell, with ASML's disappointing Q3 results impacting chip stocks, leading to a more than 1% drop in the Nasdaq.  
- The Dow Jones closed down 324.80 points, while the S&P 500 and Nasdaq also experienced declines, with significant losses in semiconductor stocks like Nvidia and AMD.  
- San Francisco Fed President Daly indicated potential further rate cuts if inflation decreases as expected, while a New York Fed survey showed rising consumer debt concerns.

Overnight US Stocks | Three major indices fell, ASML plummeted more than 16%, dragging down chip stocks