
AI-generated summary
U.S. stocks came under pressure on Wednesday due to weaker-than-expected inflation data, and continued to fall at the beginning of Thursday's opening. However, as U.S. bond yields fell from multi-year highs and Federal Reserve Vice Chairman Jefferson signaled that he may remain patient after raising interest rates, market risk appetite recovered, driving the stock index to recover its losses and close slightly higher.
U.S. stocks edged higher on Thursday. (Reuters)
[Real-time News/Comprehensive Report] On the first trading day of October, due to factors such as the fall in U.S. Treasury bond yields from their highs in more than 20 years, U.S. stocks recovered early losses and ended up slightly higher. The S&P 500 index rose 0.19%. The Dak Index rose 0.04%, the Dow Jones Industrial Average rose 0.04%, 20.51 points, the Philadelphia Semiconductor Index rose 1.59%, and TSMC ADR rose $3.01, 0.66%, to close at $459.20.
According to comprehensive foreign media reports, the 10-year U.S. Treasury bond yield hit 5.344% during the session, reaching the highest level since 2002. The 30-year Treasury bond yield also rose to the highest level in 24 years, but then fell. After Federal Reserve Vice Chairman Jefferson hinted that the central bank may remain patient after raising interest rates by 1% in September, the yield rate fell further. Inflation data released on Wednesday were weaker than expected, also undermining market expectations for a rate hike in October. According to Fedwatch data from CME Group, there is currently only a 28.2% chance that the Fed will raise interest rates by at least 1 point.
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West Texas Intermediate crude oil futures rose 2.7% to close at $92.87 a barrel, as the market awaited U.S. President Trump's next steps in the conflict with Iran and whether he will take more military action after the midterm elections.
Micron's financial forecast was better than expected, and its customers' financial commitments under long-term supply agreements increased to US$32 billion. Its stock price rose by 3%, enhancing market confidence in the AI industry. Huida rose 1.09% and AMD rose 0.65%.
The Dow Jones Industrial Average rose 20.51 points, or 0.04%, to close at 50926.56 points.
The S&P 500 index rose 14.91 points or 0.19% to close at 7666.45 points.
The Nasdaq index rose 10.54 points or 0.04% to close at 26871.60 points.
The Philadelphia Semiconductor Index rose 200.38 points or 1.59% to close at 12829.00 points.
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AI outlook — possibilities, not facts
The Fed will keep interest rates unchanged at its November interest rate meeting
Likely · Within weeks

The US Treasury Secretary Scott Bessent urged European allies, particularly France and Germany, to immediately release strategic diesel reserves to address soaring global fuel prices linked to the US war on Iran, with EU member states set to discuss a coordinated response on Friday.

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