Edited by: Duo

On October 1, local time, the three major indices of the U.S. Stock Exchange collectively rose, the index rose 0.09%, the index rose 0.42%, and the S&P 500 index rose 0.34%.

The three major U.S. stock indexes collectively closed higher

Most technology stocks closed higher, with Intel rising more than 7%, Microsoft, Apple, Google, and Amazon rising less than 1%, and Meta falling more than 2%.

On the news front, Apple has suspended plans to upgrade the Vision Pro headset and instead focuses on developing smart glasses that can compete with Meta Platform's products. The company is developing at least two types of smart glasses, including one that pairs with the iPhone and does not have a separate display, and another that has a display that can challenge Meta Ray-Ban displays. Apple's glasses will be highly dependent on voice interaction and artificial intelligence, and are expected to come in a variety of styles and have functions such as speakers, cameras and voice control.

The picture shows the trend of Apple's stock price

Weight loss drugs, pharmaceutical manufacturers, semiconductor equipment concept increased in the first place, Aslikon increased by 10%, Microsystems, Technology and Technology increased by more than 8%, Merchandise, Roche increased by more than 7%, Pfizer, Norwegian and Nordic increased by more than 6%, Asma increased by more than 3%. cruise ships, social media, air services fell in the first place, Jet Blue Airways fell by more than 4%, United Continental Airlines fell by more than 3%.

Tesla$459.46, up 3.31%, with the latest market value of $1.53 trillion, Its market value increased by $49 billion overnight(Over the total amount of RMB 38,9 billion).

Tesla¡¯s market value increased by $49 billion overnight

According to Forbes, Elon Musk, CEO of Tesla, became the first person in history with a personal wealth of $500 billion.

Musk's wealth is closely linked to Tesla. As of September 15, he owned more than 12.4% of Tesla shares. Since this year, Tesla's share price has increased more than 14% and the share price rose on Wednesday to add more than $6 billion to Musk's home.

Previously, Musk disclosed that he spent about US $1 billion to buy Tesla shares, releasing strong confidence in the company's future. Tesla is accelerating its transformation from an automaker to an artificial intelligence and robotics giant.

Musk becomes the first person ever to have a personal wealth of $50 billion (data/visual China)

The Nasdaq China Golden Dragon Index closed up 1.44%, and popular Chinese concept stocks generally rose. Baidu and 21Vianet rose more than 4%, JD.com rose more than 3%, Alibaba rose more than 2%, Bilibili and Xiaopeng Motors rose more than 1%.

COMEX gold futures rose by 0.5%, $3892.6 per ounce; COMEX silver futures rose by 1.67%, $47.42 per ounce.

WTI crude oil futures closed down 0.95% at US$61.78/barrel. Brent crude oil futures closed down 1.03% at US$65.35/barrel.

Wednesday¡¯s ADP report showed an unexpected decline in U.S. enterprise employment in September, which is consistent with other data from the past month showing the labor market is slowing down. Accordingly, traders will be betting twice more this year. Post-open data also showed U.S. manufacturing activity shrunk for the seventh consecutive month in September ¨C but the markets did not react much to it.

The U.S. government shutdown is threatening a ¡°breakdown¡± in key economic data needed for the Fed¡¯s decision-making.While the Bureau of Labor Statistics (BLS)¡¯s non-agricultural employment data is likely to be delayed, traders have received some snapshots of the job market this week.

Investors, however, remain concerned about how long the government shutdown will last and what data the Fed will lose as a result.

According to CCTV News, on October 1, local time, S&P Global Ratings said that the recent shutdown of the U.S. federal government may only deal a slight blow to GDP growth, but economic uncertainty is rising as the federal government's discretionary spending is temporarily reduced and market sentiment is low. Economic departments estimate that economic growth may drop by 0.1-0.2 percentage points for every week the government shutdown lasts.

The Fed is expected to have two rate cuts of 25 basis points by the end of this year and another 50 basis points in 2026.

Despite the uncertainty in the market, some investors refer to previous shutdowns, saying such events usually don¡¯t last long and have limited effects on the macroeconomy.

Stewart Kaiser, head of U.S. equity trading strategy at Citi, believes that the closure will not hurt the stock market significantly at present. "For it to really affect the stock market, the shutdown has to last for a while, and you need to see significant layoffs or something in the bond market that spills over into the stock market."

According to media reports, Wall Street institutions warned that,U.S. stocks tend to weather the government shutdown smoothly, but this time the risk is higher because of multiple economic factors involved. Investors remain worried about a slowdown in the labor market and inflation risks, while U.S. stock valuations and market concentration are at historically high levels.

On October 1, local time, the U.S. Supreme Court ruled to temporarily maintain the position of the Federal Reserve Chairman Lisa Cook, and arranged the oral debate of the case for January 2026.

The picture shows a screenshot of CCTV news report

The ruling means Cook can remain in office until the judges hear a debate on the case in January next year.

Trump previously accused Cook of mortgage fraud on the grounds that he declared two houses as "main residences" in Michigan and Georgia at the same time, and dismissed Cook on August 25th on the grounds of mortgage fraud. Cook denied the allegations and said that the lawsuit was an excuse for Trump to control the Federal Reserve and suppress independence. A federal district court judge in Washington, D.C. ruled on September 9 to suspend the dismissal decision. On September 18th, the U.S. government asked the U.S. Supreme Court to allow President Trump to fire Cook.

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