Eastern time on Tuesday, the three major indexes of the US stock market rose collectively, as of the close, the Dow rose 0.40%, the Nasdaq rose 0.58%, and the S&P 500 rose 0.52%. Large tech stocks mostly rose, with American Superconductor up more than 4% and AMD, Amazon, Tesla, Meta and Nvidia up more than 1%. Streaming media, precious metals, luxury goods sector led the decline, Netflix fell more than 3%. Solar, airport and aviation services, and automotive manufacturing led the gains, with Sunrun up more than 13%, JinkoSolar up more than 8%, First Solar up more than 5%, and Hawaiian Airlines up more than 9%.
Popular Chinese stocks rose broadly, with the Nasdaq China Golden Dragon Index gaining 3.14%. Bilibili rose nearly 8%, Futu Holdings rose more than 6%, Nio rose more than 5%, iQiyi, Tencent Music, Manbang, Ideal Car, Xiaopeng Auto rose more than 4%, JD.com, Weibo rose more than 3%, Alibaba, Pinjoduo, NetEase rose more than 2%, and Baidu rose slightly. Vipshop fell slightly.

World News

IMF: Global economic growth is expected to be 3.0% in 2023, which is lower than the historical average
In its latest October World Economic Outlook Report (WEO), the International Monetary Fund (IMF) projects that global growth will slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, below the historical (2000-2019) average of 3.8 percent. And the 2024 forecast is 0.1 percentage points lower than the July estimate. The IMF expects global economic growth in 2023 to be the lowest since 2001 (2.5 percent), except during the global financial crisis and the COVID-19 pandemic, and well below the 3.6 percent average for the global economy from 2000 to 2021.
A change in the wind? Do Fed officials emphasize that Treasury yields will depress demand for rate hikes?
Amid the recent surge in mid - and long-term Treasury yields, a number of Fed officials said in their latest comments that bond market volatility will directly affect the funding costs of households and businesses, and may guide the Fed to avoid further increases in policy rates in the future. For the U.S. stock market, which has been depressed by policy expectations and the selling tide of U.S. bonds in the recent past, the ultra-low rebound is expected to gain important momentum.
What are Wall Street's views on the escalating Israeli-Palestinian conflict? Read a word
Some of Wall Street's top investors and strategists are warning that the Israeli-Palestinian conflict could fuel inflation, dampen economic growth and drag down the stock market. The conflict, they say, could leave the Fed in a quandary over whether to keep raising rates to curb rising prices or reverse course to reduce the risk of a recession. For now, Wall Street's biggest firms have different views on the potential impact of the conflict. Citi said the hostilities had reduced expectations that Saudi Arabia would cut or lift its 1 million barrels a day production limit. Ed Morse, the bank's global head of commodities research, said the risk of an Israeli attack on Iran was also increasing.
Israeli-palestinian conflict fuels inflation Deutsche Bank: Or 1970s-style stagflation
In a new report published on Monday, Deutsche Bank warned that long-term inflation expectations could spiral out of control, as they did during the stagflation era of the 1970s, as conflicts in the Middle East fuel inflationary pressures. Deutsche Bank macro strategist Henry Allen and research analyst Cassidy Ainsworth Grace said the weekend's Hamas attacks on Israel showed that geopolitical risks could suddenly return, adding to the impact of unexpected events such as the coronavirus pandemic and the Russia-Ukraine conflict.
Buy gold in troubled times! What will happen to gold prices amid the Israeli-Palestinian conflict? Analysts look to 1900
The Middle East experts interviewed by the first financial reporter believe that the current Palestinian-Israeli conflict is far from the level of the sixth Middle East war, and the follow-up needs to observe whether Israel can destroy the Hamas production base, whether Hamas has the ability to fight back, and whether the two sides will exchange hostages. It will be clearer in the coming days and weeks. Short-term uncertainty remains. Bob Haberkorn, senior market strategist at RJO Futures, said it remains to be seen how the situation in the Middle East will develop, and if the situation escalates further, international gold prices could head toward $1,900.
How far could the Israeli-Palestinian conflict push oil prices?
Oil futures initially jumped nearly 5 percent on supply concerns after the Israeli-Palestinian conflict erupted over the weekend. Many organizations and countries, including the World Bank and the United Nations, have issued statements calling on all parties to restore peace as soon as possible, and investors are closely watching the situation in the region. Since October, international oil prices have fallen from high levels, and the hawkish stance of many central banks on inflation has ignited investors' worries about economic prospects and demand destruction, and the direction of supply and demand variables will become the key to affecting oil prices in the future.
Company news

Tesla can't escape the curse of the union! Berlin Gigafactory workers pour into Germany's biggest union
When the Detroit labor union strike was vigorous, Tesla's super factory in Germany also appeared "fire" signs. A growing number of Tesla workers are joining Germany's largest union, hardware union IG Metall, due to health and safety and overwork, the company's Berlin factory said on Monday. In a statement, IG Metall said that due to insufficient labor combined with a lack of safety measures, Tesla factory accidents are frequent, and about 30 percent of workers need to take frequent leave. According to local media, IG Metall union representatives met with workers at the gates of the Tesla factory, nearby stations and inside the factory on Monday and distributed leaflets "working together to keep Tesla safe and fair."
Google, Microsoft force open source artificial intelligence open source, closed source dispute where to go?
Open source or closed source is a problem for artificial intelligence enterprises. When Google and Open AI were hot, Meta returned to the forefront of the large model of artificial intelligence with its high-profile open source Llama 2. It can be seen that for some time, the open source actions of foreign artificial intelligence have been frequent. Google's DeepMind released the Open X-Embodiment dataset and RT-X model on its website; Microsoft partnered with Hugging Face, an open source model library firm, to expand the support range of the ONNX Runtime. Domestically, regulatory statements and related policy documents encourage support for open source artificial intelligence; In practice, the pace of open source AI models represented by universities and scientific research institutions is fast.
Diet pills vs. McDonald's! Shorts increase restaurant stock bets Analyst: Don't panic
Under the "complicity" of the world's richest man, the GLP-1 weight loss drug represented by Novo Nordisk Ozempic has triggered a wave of public opinion. In addition to making more weight loss drug industry chain, the latest market data also shows that a group of investors have bet on another play - short catering stocks. The latest data from S3 Partners, a well-known data platform, shows that in the past 30 days, the net short position of the restaurant sector in the United States has increased by $815 million, and well-known restaurant listed companies such as McDonald's, Chipotle Mexican Barbecue, Darden Catering, Starbucks are also the stocks with the largest net increase in short positions. According to S3, the net short position in the entire U.S. restaurant sector now stands at $12.2 billion.
Nvidia has announced the cancellation of its AI Summit scheduled for October 15-16 in Tel Aviv
Nvidia announced that due to the current situation in Israel, it has decided to cancel its AI Summit scheduled for October 15-16 in Tel Aviv. According to Nvidia, founder and CEO Jen-Hsun Huang will introduce the latest generative AI and cloud computing results at the summit. The conference will explore topics such as accelerated computing, robotics, cybersecurity and climate science. The event is expected to attract more than 2,500 developers, researchers and decision makers.
Conservative or wrong? A billion-dollar bet on the Wall Street giant dragged down its performance
For years, Bank of America CEO Brian Moynihan has been telling investors that his bank will be a big winner when interest rates rise one day. Bank of America had built up a huge deposit base in the hope that the Fed would raise interest rates and send corporate profits soaring. The bank's current chief financial officer, Alastair Borthwick, has also previously said the funds will be used for cash or cash-like investments because cash can earn higher yields, or it can be invested in longer-term investments with higher yields.
Xiaopeng car purchasing department head suspended? Peng: It's normal to take action against corruption
Xiaopeng Automobile internal anti-corruption news. On October 10, it was reported that Li Feng, head of the purchasing department of Xiaopeng Automobile, had been suspended due to his involvement in an internal anti-corruption investigation. Xiaopeng in response to the surging news reporter, the company to take action is a normal anti-corruption and clean behavior, for corruption, found a mistake together, will not tolerate, the incident involves a small, does not affect the business, production links.