<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png"/></p>
<p>美国股市在周一上涨，为缩短的假期周开了个好头，科技股的上涨推动了整体市场。</p>
<p>标准普尔 500 指数上涨 0.5%，而道琼斯工业平均指数上涨 133 点，或 0.3%。</p>
<p>纳斯达克综合指数表现优异，上涨 0.7%，投资者在近期行业轮动后重新关注成长型股票。</p>
<h2>科技和人工智能股票推动早期涨幅</h2>
<p>与人工智能相关的关键股票为市场的上涨提供了主要动力。</p>
<p>在路透社报道该公司计划在 2 月中旬之前开始向中国发货 H200 人工智能芯片后，英伟达的股票上涨了 1%。</p>
<p>这一发展帮助恢复了对人工智能交易的信心，此前由于估值担忧，该领域的情绪受到压力。</p>
<p>其他半导体和云基础设施公司股票也上涨。</p>
<p>美光科技上涨近 2.5%，而甲骨文上涨超过 1%，反映出市场对被视为人工智能相关计算能力建设核心公司的兴趣恢复。</p>
<p>本周初的反弹是在上周主要指数表现不一之后出现的。</p>
<p>科技股的晚间激增帮助标准普尔 500 指数和纳斯达克综合指数在四周内实现第三次上涨，分别上涨 0.1% 和 0.5%。</p>
<p>相比之下，道琼斯工业平均指数下跌 0.7%，结束了三周的上涨趋势，此前在本月早些时候表现优异。</p>
<p>与人工智能相关的股票在经历了一段表现不佳后，上周出现了显著反弹。</p>
<p>甲骨文在 TikTok 同意将其美国业务出售给包括该软件公司和私募股权公司 Silver Lake 在内的新合资企业的消息后大幅上涨，之前该公司表现不佳。</p>
<p>英伟达的股票也恢复了，帮助稳定了整个行业的情绪。</p>
<p>尽管反弹，投资者对人工智能股票能否在年底前保持领导地位仍持谨慎态度。</p>
<p>一些市场参与者因担心大型科技公司的估值已变得过高而转向市场中更便宜的领域。</p>
<p>关于传统的 “圣诞老人反弹” 是否会出现也存在不确定性，特别是标准普尔 500 指数在近期交易中难以维持一个关键技术水平。</p>
<p>随着假期临近，预计交易量将减少。纽约证券交易所将在平安夜周三下午 1 点（东部时间）提前关闭，并将在周四因圣诞节休市。</p>
<h2>分析师保持乐观</h2>
<p>展望短期假期后，几位策略师对美国股票的前景持建设性态度。</p>
<p>瑞银表示，2025 年出现的强劲反弹可能会延续到明年，受到盈利增长、货币政策放松和政策清晰度改善的支持。</p>
<p>该银行的策略师认为，近期的涨幅主要是由利润驱动，而非过度的估值扩张。</p>
<p>瑞银预计标准普尔 500 指数的每股收益将在 2026 年上涨约 10%，这一增速可能会推动该指数在明年年底达到约 7,700 点。</p>
<p>“虽然一些人可能担心投资者的犹豫信号预示着更深层次的问题，但我们看到多个催化剂将帮助重新点燃股市的动能，直到 2026 年初，” 该银行在给客户的报告中表示。</p>
<p>该公司还预计，在美联储 12 月连续第三次降息后，未来将进一步降息，2026 年第一季度可能会有另一次降息。</p>
<p>瑞银补充说，1 月新任美联储主席的任命，取代即将离任的主席杰罗姆·鲍威尔，可能会强化更为鸽派的政策立场，引用了潜在候选人的近期评论。</p>
<p>华尔街的整体情绪仍然乐观。根据 2026 年 CNBC 市场策略师调查，顶级策略师平均预计标准普尔 500 指数在明年结束时为 7,629 点，意味着与当前水平相比约有 11.6% 的上涨空间。</p>
<p>中位目标为 7,650 点，暗示潜在涨幅接近 13%。</p>
<p>美国股市开盘上涨：纳斯达克上涨 0.7%，道琼斯上涨超过 100 点的文章最早出现在 Invezz 上。</p>

英伟达

<p>美国股市在周一上涨，纳斯达克指数上涨 0.7%，道琼斯指数上涨 133 点，标准普尔 500 指数上涨 0.5%，主要受到科技股和人工智能股票上涨的推动。英伟达和美光科技的股价显著上涨。分析师对美国股票持乐观态度，预计在盈利和潜在降息的支持下，股市将进一步增长</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/trading.png"/></p>
<p>US stocks rose on Monday, kicking off a shortened holiday week on a firmer footing as gains in technology shares lifted the broader market.</p>
<div class="lb-trans"><p>美国股市在周一上涨，为缩短的假期周开了个好头，科技股的上涨推动了整体市场。</p>
</div><p>The S&amp;P 500 advanced 0.5%, while the Dow Jones Industrial Average rose 133 points, or 0.3%.</p>
<div class="lb-trans"><p>标准普尔 500 指数上涨 0.5%，而道琼斯工业平均指数上涨 133 点，或 0.3%。</p>
</div><p>The Nasdaq Composite outperformed, climbing 0.7% as investors returned to growth-oriented names after recent sector rotation.</p>
<div class="lb-trans"><p>纳斯达克综合指数表现优异，上涨 0.7%，投资者在近期行业轮动后重新关注成长型股票。</p>
</div><h2>Technology and AI stocks drive early gains</h2>
<div class="lb-trans"><h2>科技和人工智能股票推动早期涨幅</h2>
</div><p>Key stocks tied to artificial intelligence provided much of the market’s upward momentum.</p>
<div class="lb-trans"><p>与人工智能相关的关键股票为市场的上涨提供了主要动力。</p>
</div><p>Nvidia shares rose 1% after Reuters reported that the company is aiming to begin shipments of its H200 artificial intelligence chips to China by mid-February.</p>
<div class="lb-trans"><p>在路透社报道该公司计划在 2 月中旬之前开始向中国发货 H200 人工智能芯片后，英伟达的股票上涨了 1%。</p>
</div><p>The development helped revive sentiment around the AI trade, which had come under pressure earlier in the month amid valuation concerns.</p>
<div class="lb-trans"><p>这一发展帮助恢复了对人工智能交易的信心，此前由于估值担忧，该领域的情绪受到压力。</p>
</div><p>Other semiconductor and cloud infrastructure names also moved higher.</p>
<div class="lb-trans"><p>其他半导体和云基础设施公司股票也上涨。</p>
</div><p>Micron Technology gained nearly 2.5%, while Oracle added more than 1%, reflecting renewed interest in companies seen as central to the build-out of AI-related computing capacity.</p>
<div class="lb-trans"><p>美光科技上涨近 2.5%，而甲骨文上涨超过 1%，反映出市场对被视为人工智能相关计算能力建设核心公司的兴趣恢复。</p>
</div><p>The early-week rally follows a mixed performance for major indexes last week.</p>
<div class="lb-trans"><p>本周初的反弹是在上周主要指数表现不一之后出现的。</p>
</div><p>A late surge in technology stocks helped lift the S&amp;P 500 and Nasdaq Composite to their third winning week in four, with gains of 0.1% and 0.5%, respectively.</p>
<div class="lb-trans"><p>科技股的晚间激增帮助标准普尔 500 指数和纳斯达克综合指数在四周内实现第三次上涨，分别上涨 0.1% 和 0.5%。</p>
</div><p>In contrast, the Dow Jones Industrial Average fell 0.7%, snapping a three-week winning streak after having outperformed earlier in the month.</p>
<div class="lb-trans"><p>相比之下，道琼斯工业平均指数下跌 0.7%，结束了三周的上涨趋势，此前在本月早些时候表现优异。</p>
</div><p>Artificial intelligence-linked stocks staged a notable rebound last week after a period of underperformance.</p>
<div class="lb-trans"><p>与人工智能相关的股票在经历了一段表现不佳后，上周出现了显著反弹。</p>
</div><p>Oracle, which had been a significant laggard, jumped after news that TikTok agreed to sell its US operations to a new joint venture that includes the software company and private equity firm Silver Lake.</p>
<div class="lb-trans"><p>甲骨文在 TikTok 同意将其美国业务出售给包括该软件公司和私募股权公司 Silver Lake 在内的新合资企业的消息后大幅上涨，之前该公司表现不佳。</p>
</div><p>Nvidia shares also recovered, helping stabilise sentiment across the sector.</p>
<div class="lb-trans"><p>英伟达的股票也恢复了，帮助稳定了整个行业的情绪。</p>
</div><p>Despite the rebound, investors remain cautious about whether AI stocks can maintain their leadership into year-end.</p>
<div class="lb-trans"><p>尽管反弹，投资者对人工智能股票能否在年底前保持领导地位仍持谨慎态度。</p>
</div><p>Some market participants have been rotating into cheaper areas of the market amid concerns that valuations for large-cap technology companies have become stretched.</p>
<div class="lb-trans"><p>一些市场参与者因担心大型科技公司的估值已变得过高而转向市场中更便宜的领域。</p>
</div><p>There is also uncertainty over whether a traditional “Santa Claus rally” will materialise, particularly as the S&amp;P 500 has struggled to hold a key technical level in recent sessions.</p>
<div class="lb-trans"><p>关于传统的 “圣诞老人反弹” 是否会出现也存在不确定性，特别是标准普尔 500 指数在近期交易中难以维持一个关键技术水平。</p>
</div><p>Trading volumes are expected to thin as the holiday approaches. The New York Stock Exchange will close early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday in observance of Christmas Day.</p>
<div class="lb-trans"><p>随着假期临近，预计交易量将减少。纽约证券交易所将在平安夜周三下午 1 点（东部时间）提前关闭，并将在周四因圣诞节休市。</p>
</div><h2>Analysts remain bullish</h2>
<div class="lb-trans"><h2>分析师保持乐观</h2>
</div><p>Looking beyond the near-term holiday period, several strategists remain constructive on the outlook for US equities.</p>
<div class="lb-trans"><p>展望短期假期后，几位策略师对美国股票的前景持建设性态度。</p>
</div><p>UBS said the powerful rally seen in 2025 could extend into next year, supported by earnings growth, easing monetary policy and improved policy clarity.</p>
<div class="lb-trans"><p>瑞银表示，2025 年出现的强劲反弹可能会延续到明年，受到盈利增长、货币政策放松和政策清晰度改善的支持。</p>
</div><p>Strategists at the bank argued that recent gains have been driven primarily by profits rather than excessive valuation expansion.</p>
<div class="lb-trans"><p>该银行的策略师认为，近期的涨幅主要是由利润驱动，而非过度的估值扩张。</p>
</div><p>UBS expects earnings per share for the S&amp;P 500 to rise about 10% in 2026, a pace it believes could push the index to around 7,700 by the end of next year.</p>
<div class="lb-trans"><p>瑞银预计标准普尔 500 指数的每股收益将在 2026 年上涨约 10%，这一增速可能会推动该指数在明年年底达到约 7,700 点。</p>
</div><p>“While some may worry investor reticence signals deeper trouble, we see multiple catalysts ahead that should help reignite equity market momentum into early 2026,” the bank said in a note to clients.</p>
<div class="lb-trans"><p>“虽然一些人可能担心投资者的犹豫信号预示着更深层次的问题，但我们看到多个催化剂将帮助重新点燃股市的动能，直到 2026 年初，” 该银行在给客户的报告中表示。</p>
</div><p>The firm also anticipates further interest-rate cuts following the Federal Reserve’s third consecutive reduction in December, with another move possible in the first quarter of 2026.</p>
<div class="lb-trans"><p>该公司还预计，在美联储 12 月连续第三次降息后，未来将进一步降息，2026 年第一季度可能会有另一次降息。</p>
</div><p>UBS added that the naming of a new Fed chair in January, replacing outgoing chair Jerome Powell, could reinforce a more dovish policy stance, citing recent comments from potential candidates.</p>
<div class="lb-trans"><p>瑞银补充说，1 月新任美联储主席的任命，取代即将离任的主席杰罗姆·鲍威尔，可能会强化更为鸽派的政策立场，引用了潜在候选人的近期评论。</p>
</div><p>Broader Wall Street sentiment remains optimistic. According to the 2026 CNBC Market Strategist Survey, top strategists on average expect the S&amp;P 500 to end next year at 7,629, implying roughly 11.6% upside from current levels.</p>
<div class="lb-trans"><p>华尔街的整体情绪仍然乐观。根据 2026 年 CNBC 市场策略师调查，顶级策略师平均预计标准普尔 500 指数在明年结束时为 7,629 点，意味着与当前水平相比约有 11.6% 的上涨空间。</p>
</div><p>The median target of 7,650 suggests potential gains closer to 13%.</p>
<div class="lb-trans"><p>中位目标为 7,650 点，暗示潜在涨幅接近 13%。</p>
</div><p>The post US stocks climb higher at open: Nasdaq jumps 0.7%, Dow up over 100 pts appeared first on Invezz</p>
<div class="lb-trans"><p>美国股市开盘上涨：纳斯达克上涨 0.7%，道琼斯上涨超过 100 点的文章最早出现在 Invezz 上。</p>
</div>

US stocks climb higher at open: Nasdaq jumps 0.7%, Dow up over 100 pts

- 美国股市周一上涨，标普 500 指数上涨 0.5%。  
- 人工智能相关股票推动市场反弹，Nvidia 股价上涨 1%。  
- 分析师对 2026 年美股前景持乐观态度，预计标普 500 将达到 7,700 点。

美国股市开盘走高：纳斯达克指数上涨 0.7%，道琼斯指数上涨超过 100 点