According to the Zhitong Finance APP, on the first day of October and the fourth quarter of trading, both the Dow Jones Industrial Average and the S&amp;P 500 Index set record closing highs. This marks the first government shutdown in the U.S. since 2019. Louis Navellier, founder of Navellier &amp; Associates, stated: &#34;The market does not seem to be worried, and those investors hoping to buy on dips may have to continue waiting. Market momentum remains positive.&#34;
【U.S. Stocks】 At the close, the Dow rose 43.21 points, an increase of 0.09%, closing at 46,441.10 points; the Nasdaq rose 95.15 points, an increase of 0.42%, closing at 22,755.16 points; the S&amp;P 500 Index rose 22.74 points, an increase of 0.34%, closing at 6,711.20 points. Intel (INTC.US) rose 7.12%, Tesla (TSLA.US), ASML (ASML.US), and TSMC (TSM.US) rose about 3.5%. The NASDAQ Golden Dragon China Index closed up 1.44%, with Baidu (BIDU.US) rising 4.3% and Alibaba (BABA.N) rising 2.25%.
【European Stocks】 The German DAX 30 Index rose 251.60 points, an increase of 1.05%, closing at 24,131.23 points; the UK FTSE 100 Index rose 98.32 points, an increase of 1.05%, closing at 9,448.75 points; the French CAC 40 Index rose 71.01 points, an increase of 0.90%, closing at 7,966.95 points; the Euro Stoxx 50 Index rose 52.59 points, an increase of 0.95%, closing at 5,582.55 points; the Spanish IBEX 35 Index rose 47.25 points, an increase of 0.31%, closing at 15,528.95 points; the Italian FTSE MIB Index rose 342.68 points, an increase of 0.80%, closing at 43,068.00 points.
【Crude Oil】 International oil prices fell slightly on the 1st. At the close of the day, the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell by 59 cents, closing at $61.78 per barrel, a decrease of 0.95%; the price of Brent crude oil futures for December delivery fell by 68 cents, closing at $65.35 per barrel, a decrease of 1.03%.
【Cryptocurrency】 Bitcoin rose over 3%, trading at $117,855.7; Ethereum rose over 4%, trading at $4,318.89.
【U.S. Dollar Index】 The U.S. Dollar Index fell on the 1st. The index measuring the dollar against six major currencies fell by 0.07%, closing at 97.706. As of the close of the New York foreign exchange market, 1 euro exchanged for 1.1735 dollars, down from 1.1741 dollars the previous trading day; 1 pound exchanged for 1.3486 dollars, up from 1.3449 dollars the previous trading day. 1 dollar exchanged for 147.09 yen, down from 147.87 yen the previous trading day; 1 dollar exchanged for 0.7971 Swiss francs, up from 0.7961 Swiss francs the previous trading day; 1 dollar exchanged for 1.3940 Canadian dollars, up from 1.3918 Canadian dollars the previous trading day; 1 dollar exchanged for 9.3704 Swedish kronor, down from 9.4085 Swedish kronor the previous trading day
[Precious Metals] The U.S. government has entered its first shutdown in nearly seven years due to lawmakers failing to reach a budget agreement, causing spot gold prices to soar to nearly $3,900 on Wednesday.
[Macroeconomic News]
New York State refuses to pay; the Statue of Liberty's torch may &#34;go out&#34; due to the government shutdown. On October 1st local time, a spokesperson for New York Governor Kathy Hochul stated that the state would not cover the operational costs for the Statue of Liberty as it did during previous government shutdowns. The governor mentioned that the torch of the Statue of Liberty might &#34;completely go out&#34; this time. Hochul noted that over 100,000 federal workers in New York have been forced to take leave or face the risk of leave, including dozens of staff working at the Statue of Liberty. It is currently unclear whether the Statue of Liberty will close and when it might do so.
U.S. Supreme Court denies Trump's immediate removal of Federal Reserve Governor Cook. The U.S. Supreme Court has denied Trump's request to immediately remove Federal Reserve Governor Cook, who is currently fighting to retain his position through litigation, dealing a blow to Trump's efforts to strengthen control over the Federal Reserve.
Trump delays drug tariffs to negotiate drug prices. Last week, President Trump threatened to impose triple-digit tariffs on drug imports starting Wednesday. However, the White House now indicates that these tariffs may not need to be implemented. According to a White House official, the Trump administration has suspended plans to impose tariffs and is attempting to reach agreements with major pharmaceutical companies—such as the agreement announced with Pfizer on Tuesday—to avoid raising tariffs on its well-known brand-name drugs. The official referenced Commerce Secretary Gina Raimondo's remarks at the Pfizer announcement in the White House Oval Office. When asked when the drug tariffs would take effect, Raimondo stated that the government &#34;will let negotiations continue until completed, as this is the most important thing for the American people.&#34;
U.S. mortgage rates rise, hindering the emerging recovery in housing demand. U.S. mortgage rates have risen for the first time in five weeks, which not only stifles the nascent recovery in real estate demand but also abruptly interrupts the recent surge in home refinancing activity. Data released by the Mortgage Bankers Association on Wednesday showed that the average contract interest rate for a 30-year fixed mortgage rose by 12 basis points to 6.46% for the week ending September 26. During the same period, adjustable-rate mortgages and 15-year fixed mortgage rates also increased. The association's data indicated that the refinancing application index plummeted nearly 21% this week after reaching its highest level since early 2022, marking the largest single-week decline of the year; meanwhile, the home purchase application index saw a slight decrease of 1%. The rise in mortgage rates indicates that, despite recent signs of recovery in the U.S. real estate market after years of stagnation, its sensitivity to interest rate changes remains high. If mortgage rates can continue to decline, it may help attract potential buyers who have stepped back due to &#34;affordability issues&#34; back into the market.
[Individual Stock News]
Tesla (TSLA.US) CEO Musk reaches a milestone, becoming the world's first billionaire with a net worth exceeding $500 billion. On Wednesday, Elon Musk achieved a significant milestone, becoming the world's first billionaire to reach a net worth of $500 billion
According to real-time data from Forbes' Billionaires List, as of 3:30 PM Eastern Time, the net worth of the world's richest person has reached $500 billion. In December last year, Musk became the first billionaire to surpass $400 billion, and now his net worth is $150 billion higher than that of the second-ranked Larry Ellison, and he is halfway to becoming the world's first trillionaire. Tesla's stock price rose nearly 4% on Wednesday, adding about $9.3 billion to Musk's wealth, as investors remain optimistic about Musk refocusing on Tesla's affairs. With Tesla's market value rebounding to within 10% of the historical high set last December, Musk's 12% stake in Tesla is now worth $191 billion.
Microsoft integrates AI services into Office to enhance competitiveness against ChatGPT. Microsoft (MSFT.US) has incorporated its AI subscription service into Office to enhance its competitive edge against OpenAI's ChatGPT. Microsoft announced on Wednesday that it will launch a higher-priced Microsoft 365 package that adds AI features such as integrated chatbots and image generation capabilities on top of existing Word, Excel, Outlook, and other Office applications. Yusuf Mehdi, Chief Marketing Officer of Microsoft's consumer business, stated in an interview that customers currently using Copilot Pro (a mobile and web-based chatbot) will eventually be migrated to this new package. The company stated that the premium version of Microsoft 365 is now available for $19.99 per month.
Apple bets on AI glasses, pausing upgrades to headsets to compete with Meta. Apple (AAPL.US) has paused its upgrade plans for the Vision Pro headset and is redirecting resources to a more urgent project: developing smart glasses to compete with Meta Platforms (META.US) products. According to insiders, Apple originally planned to launch a lighter and cheaper version of the headset, codenamed N100, in 2027, but last week announced internally that personnel from that project would be reassigned to the glasses development department. It is reported that Apple is developing at least two models of smart glasses. The first model, codenamed N50, needs to be used with an iPhone, does not come with a display, and is expected to debut as early as next year, with a market launch in 2027. Another version with a display was originally scheduled for release in 2028 but is now also accelerating development and may directly challenge Meta's newly launched Ray-Ban Display smart glasses.
Google cuts cloud department staff to continue optimizing efficiency. According to U.S. media reports, Google (GOOG.US, GOOGL.US) has laid off employees in its cloud business department this week. An insider stated that the layoffs mainly affected employees related to user experience, including those involved in design and user experience research. Over the past two years, Google has been continuously pushing for layoffs to make the company's operations more agile and efficient. In August of this year, company management informed employees that the number of managers overseeing small teams had been reduced; at the same time, Google is also encouraging employees to use artificial intelligence more in their daily work
Multiple LinkedIn posts indicate that employees affected by this round of layoffs were informed of their job cuts via email on Monday. The specific number of layoffs has not yet been disclosed.
【Major Bank Ratings】
Jefferies: Raised the target price for American Airlines Group (AAL.US) to $13, up from $12.
HSBC: Raised the target price for Nike (NKE.US) to $90, up from $88

TSLL

.HXC

INTC

07766

The Dow Jones Industrial Average and the S&P 500 Index set historical closing records on the first trading day of October and the fourth quarter, rising by 43.21 points and 22.74 points, respectively. Despite the U.S. government shutdown, market momentum remains positive. Technology stocks such as Intel and Tesla performed well, with the NASDAQ Golden Dragon China Index rising by 1.44%. European stocks generally rose, with the German DAX30 Index increasing by 1.05%. International oil prices fell slightly

- On October 1, both the Dow Jones and S&P 500 indices reached record closing highs despite the U.S. government entering its first shutdown since 2019.  
- The Dow rose by 43.21 points to 46,441.10, while the Nasdaq and S&P 500 also saw gains, with notable increases in stocks like Intel and Tesla.  
- Additionally, mortgage rates in the U.S. increased for the first time in five weeks, impacting housing demand and refinancing activities.

Overnight U.S. Stocks | Dow Jones and S&P 500 Index Hit New Highs, Statue of Liberty Torch May "Go Out" Due to Government Shutdown