Waiting for Tuesday's non-farm payroll data, US stocks stabilize at market opening, Citigroup: AI remains a core theme

Former U.S. President Donald Trump publicly stated last weekend that former Federal Reserve Board member Kevin Warsh has become the top nominee for the next chair. Warsh explicitly stated in the interview that "interest rates must be lowered," which strengthened market expectations for easing policies. As of 10:40 PM on the 15th, the Dow Jones Industrial Average rose nearly 200 points to 48,650 points, the Nasdaq rose 113 points to 23,301 points, and the S&P 500 index rose 25 points to 6,852 points. Citigroup's latest forecast sets the S&P 500 index target for 2026 at 7,700 points, emphasizing that artificial intelligence (AI) remains a core theme. The bank noted that in a bull market scenario, the index could test 8,300 points, while in a bear market scenario, it may fall back to the 5,700 point level. The market will closely monitor the U.S. non-farm payroll data to be released on Tuesday and the inflation report on Thursday to speculate on the Federal Reserve's interest rate cut path for next year. Currently, it is widely expected that the non-farm payrolls in November will increase by 50,000, with the unemployment rate rising to 4.5%. Morgan Stanley strategist Michael Wilson stated that the market has entered a phase where "good news is bad news, and bad news is good news," and a moderate weakening of the labor market may be interpreted as a positive factor. Spot gold reached a daily high of $4,350 per ounce, just $31 shy of its historical high; spot silver rose over 3%, briefly breaking through the $64 mark. Prices for platinum, palladium, and London copper also rose simultaneously, with active sector performance. The pioneer of American robotic vacuum cleaners, iRobot (IRBT), announced it has filed for bankruptcy protection and will be privatized by its main manufacturer, Shenzhen Shanchuan Robot Company. The news dragged its stock price down 82% in pre-market trading, hitting a low of $0.77