Dow surges almost 500 points in U.S. stock rally on Tuesday. S&P 500 experienced its largest single-day gain since April, and the Nasdaq rose by 2.4%.  

The drop in U.S. bond yields was notable.  

The October Consumer Price Index (CPI) data increased hopes that the Federal Reserve would halt interest rate hikes, leading investors to increase bets on rate cuts next year.  

The reduced risk of a U.S. government shutdown further boosted market sentiment. 

The 10-year U.S. Treasury yield saw a significant drop of 18.3 basis points to 4.449%, reaching an intraday low of 4.432%.  

The 2-year U.S. Treasury yield plummeted by 21.3 basis points to 4.828%, with an intraday low of 4.809%. 

Analysts attribute the sharp decline in U.S. bond yields to today’s CPI data, signaling a relaxation in the financial environment.  

During the recent surge in yields, many believed the market was acting on behalf of the Federal Reserve. 

U.S. Stock Market

Fundamental Analysis: 

Major tech stocks saw widespread gains, with Tesla rising over 6%, and Amazon, Meta, and Nvidia increasing by over 2% each. 

Apple and Google rose by over 1%, while Netflix and Microsoft posted slight gains.  

Notably, Nvidia and Microsoft reached historic closing highs, with Nvidia achieving ten consecutive gains.  

Chip stocks all saw increases, with Intel rising over 3%, and Qualcomm and AMD gaining over 2%. 

Bank stocks also trended upwards, with Bank of America rising over 5%, Morgan Stanley over 4%, and Citigroup and Wells Fargo over 3%. 

Popular Chinese concept stocks experienced a general increase, with the Nasdaq Golden Dragon China Index rising by 2.18%.  

Notable performers included XPeng Motors, up over 8%, Nio up nearly 5%, and Weibo up over 4%.  

Other stocks such as JD.com, Vipshop, Tencent Music, and Bilibili increased by over 3%, while iQiyi and Baidu rose over 2%.  

Alibaba, Pinduoduo, and Manbang increased by over 1%, and Futu Holdings and Li Auto posted slight gains. NetEase saw a minor decline. 

Technical Analysis:   

(S&P 500 Index, 1-day chart) 

Market Trends: 

• Dow Jones Industrial Average increased by 489.83 points, or 1.43%, closing at 34,827.70 points. 
• Nasdaq Composite Index rose by 326.64 points, or 2.37%, closing at 14,094.38 points. 
• S&P 500 Index increased by 84.15 points, or 1.91%, closing at 4,495.70 points. 

Hong Kong Stock Market

All three major Hong Kong indices saw significant gains.  

Key technology stocks, including JD Group (up over 4%), Alibaba, Kuaishou, Tencent Holdings, and Baidu Group (all up over 3%), contributed to the positive trend.  

Real estate stocks collectively rose, led by Sunac China Holdings, which surged over 9%.  

Reports suggested that the Chinese government plans to roll out the detailed implementation plan for the “Three Major Projects” as early as this month, providing at least RMB 1 trillion in low-cost funds to stabilize the sluggish real estate market. 

Technical Analysis:  

(Hang Seng Index, 1-day chart) 

Market Trends: 

• Hang Seng Index (HSI) increased by 2.83%, closing at 17,888.41 points. 
• Hang Seng Tech Index (HSTECH) rose by 2.98%, closing at 4,069.43 points. 
• Hang Seng China Enterprises Index (HSCEI) fell by 2.78%, closing at 6,130.22 points. 

FTSE China A50 Index 

Fundamental Analysis: 

On the morning of November 15th, A-share indices collectively opened higher, experienced a slight morning pullback, and then resumed a modest upward trend.  

Among industry sectors, energy metals, photovoltaic equipment, glass fiber, rubber products, and batteries led the gains, while gaming, aerospace, pharmaceutical commerce, shipbuilding, and real estate development led the declines.  

Themes such as perovskite batteries, lithium extraction from salt lakes, fluorine chemicals, integrated automotive die-casting, carbon neutrality, and biodegradable plastics were active. 

Technical Analysis: 

(SSE Composite Index, 1-day chart) 

Market Trends: 

• Shanghai Composite Index (SHCOMP) rose by 0.45%, closing at 3,069.85 points. 
• Shenzhen Component Index (SZCOMP) increased by 0.77%, closing at 10,082.16 points. 
• ChiNext Index (CHINEXT) rose by 0.66%, closing at 2,018.01 points.  
• SSE STAR Market 50 Index (SSE50) increased by 0.41%, closing at 908.03 points. 

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