Global Headlines | U.S. stock three major indices all closed lower; annual line three consecutive gains; Dow Jones records eighth consecutive monthly increase

【U.S. Stock Indices】

On Wednesday, December 31st, Eastern Time, the three major U.S. stock indices all closed lower, with the S&P 500 down 0.74% to 6,845.50 points; the Dow Jones Industrial Average down 0.63% to 48,063.29 points; and the Nasdaq Composite down 0.76% to 23,241.99 points.

【U.S. Treasury Bonds】

On December 31st, the benchmark 10-year U.S. Treasury yield was 4.18%, and the yield on the 2-year Treasury, which is most sensitive to Federal Reserve policy rates, was 3.47%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia fell 0.56%, Apple fell 0.45%, Google Class C fell 0.24%, Google Class A fell 0.27%, Microsoft fell 0.79%, Amazon fell 0.74%, Meta fell 0.88%, TSMC rose 1.45%, Tesla fell 1.04%, Super Micro Semiconductor fell 0.55%, and Intel fell 1.07%.

【Global Indices】

【Chinese Indices】

On December 31st, overnight Hang Seng Tech Index futures fell 1.50%, Nasdaq China Golden Dragon Index fell 1.13%, and FTSE China A50 Index fell 0.74%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 0.17%, Alibaba fell 0.55%, Pinduoduo fell 0.39%, NetEase fell 2.02%, Ctrip fell 0.57%, Baidu fell 1.30%, XPeng Motors fell 4.65%, Li Auto fell 1.97%, and NIO fell 7.36%.

【Forex and Commodities】

【Global News】

Boeing Secures $2.7 Billion Fixed-Price Contract

The U.S. Department of Defense announced that Boeing has secured a $2.7 billion fixed-price contract to provide post-production support services for Apache helicopters. (Cailian Press)

Warren Buffett Officially Retires as CEO of Berkshire Hathaway

On December 31, 2025, it was reported that renowned investor Warren Buffett officially retired and stepped down as CEO of Berkshire Hathaway. (CCTV News)

U.S. Stock Indices Achieve Three Consecutive Year-End Gains; Dow Posts Eighth Consecutive Monthly Gain

The three major U.S. stock indices closed slightly lower, but all recorded three consecutive year-end gains. Nasdaq fell 0.76%, S&P 500 down 0.74%, Dow down 0.63%. The Dow also achieved its eighth consecutive monthly gain. (Cailian Press)

December 31st, the Federal Reserve’s Overnight Reverse Repurchase Agreement (RRP) Usage Reached $105.993 Billion

On Wednesday, December 31st, the Federal Reserve’s overnight reverse repurchase agreement (RRP) usage was $105.993 billion. (Cailian Press)

Moody’s Analysis: The Fed May Actively Cut Rates Three Times in Early 2026

Moody’s chief economist Mark Zandi believes that a soft labor market, inflation uncertainties, and political pressures will prompt the Fed to actively cut rates three times in early 2026. Although markets and Fed officials expect only moderate easing next year, Zandi predicts the Fed will implement three 25 basis point rate cuts in the first half. “The further easing of monetary policy will be driven by still-weak employment, especially in early 2026. Companies need more time to be confident that changing trade and immigration policies and other threats won’t catch them off guard, allowing them to resume hiring,” he added. “Until then, employment growth will be insufficient to prevent unemployment from rising further. As long as unemployment continues to climb, the Fed will cut rates.” Zandi’s forecast is more aggressive than market and Fed expectations, both of which point to a slower rate of rate cuts.

Google’s Autonomous Driving Company Waymo Prepares for Commercial Launch in London Next Year

Google’s autonomous driving company Waymo announced it is preparing for its commercial launch in London next year. (Cailian Press)

Fed Officials Show Clear Divergence in Monetary Policy Expectations

The December 30th Federal Reserve meeting minutes show that Fed officials were divided on the rate cut decision and future monetary policy outlook. At the December 10th meeting, the Federal Open Market Committee (FOMC) voted 9-3 to cut rates by 25 basis points again. Among the 12 members, two believed rates should remain unchanged, and one thought the cut should be 50 basis points. The minutes indicate most officials believe further rate cuts are appropriate if inflation declines as expected. However, some officials think rates should stay steady for a period after this cut to assess the delayed effects on employment and economic activity, and to build confidence in inflation returning to 2%. All officials agree that there is no preset policy path, and future decisions will depend on the latest data, economic outlook, and overall risks. (Xinhua News Agency)

Elon Musk: Production of Autonomous Taxis to Accelerate Starting April

Elon Musk stated that production of the autonomous taxi (CYBERCAB) will accelerate starting in April. (Cailian Press)

Elon Musk: Tesla Model Y Has Been the Best-Selling Car Globally for Three Consecutive Years

Musk posted on social platform X that “Tesla Model Y is now officially the best-selling car in the world for the third consecutive year!”

Tesla Rarely Releases Pessimistic Delivery Forecasts, Expecting 15% Year-over-Year Drop

Tesla published a summary of analyst delivery expectations on its website, with a more pessimistic outlook for the current quarter. According to Tesla’s published data, analysts expect the company to deliver 422,800 vehicles in Q4, a 15% decrease year-over-year. (Jiemian News)