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last night and this morning, on the eve of two key events this week, the u.s. stock market as a whole maintained a moderate upward trend. except for the dow jones industrial average, which was dragged down by wall street giants, the s&p and nasdaq continued to rise for the second consecutive day.

as of the close, the s&p 500 rose 0.45% to 5495.52 points; the nasdaq rose 0.84% ​​to 17025.88 points; and the dow jones industrial average fell 0.23% to 40736.96 points.

after the u.s. stock market closed,trump and harris will hold a face-to-face presidential candidate debate at 9 a.m. beijing timetonight at 20:30 there will beus august cpi dataat this point in time, it is difficult to predict what kind of mental state the u.s. stock market will be in when it opens on wednesday.

(the sizes of trump and harris' podiums are different. source: abc)

for reference, ubs updated their forecasts for the us election results before the debate began. analysts believe thatthe probability that harris wins and controls the house but loses the senate is 40%, while the probability that trump achieves a "red wave" is 35%.

it is worth mentioning that while the u.s. stock market was relaxing and waiting for important events to be implemented,at this point, wall street giants all jumped out to engage in "expectation management", which finally triggered a collective dive in financial stocks.

this matter started yesterday. at the barclays global financial services summit, after goldman sachs ceo solomon said on monday that "third quarter results may not be ideal", jpmorgan chase president pinto took over on tuesday and emphasized that analysts had too high expectations for the company's performance.

as soon as this statement was made, the stock price of the largest bank in the united states plunged by more than 7% during the day. fortunately, it recovered some in the late trading to avoid the embarrassment of "the largest single-day drop in nearly four years". goldman sachs also fell by 4.39%. these two companies are also the core reasons for the dow jones industrial average to close down today. in addition, bank of america ceo moynihan also stated that the investment banking business may be weaker in the third quarter, and emphasized that he did not know why buffett wanted to sell the company's stock.

hot stocks rise and fall

on tuesday, most of the technology giants still maintained their gains, with apple down 0.36%, microsoft up 2.09%, amazon up 2.37%, meta unchanged, google-a down 0.03%, tesla up 4.58%, nvidia up 1.53%, and intel down 0.47%.

chinese concept stocks also showed a mild rise, with the nasdaq china golden dragon index up 0.06%. alibaba rose 2.90%, baidu rose 0.51%, pinduoduo rose 0.65%, jd.com rose 0.35%, netease fell 1.47%, nio fell 1.62%, li auto rose 3.87%, and xpeng motors rose 2.70%.

other news

[the largest bank in the united states actively "manages expectations"]

jpmorgan chase, the largest bank in the united states and the most important bank in the world, fell 5.19% on tuesday, which was the biggest one-day drop since april this year. it is reported that pinto, president and chief operating officer of jpmorgan chase, said at an industry conference that external analysts' forecasts for the bank's expenses and net interest income next year were too optimistic, including net interest margin and other businesses were overestimated.

[sony releases new ps5 pro console, 90% of players lament "expensive"]

late on tuesday night beijing time, consumer electronics giant sony released the upgraded version of the playstation 5, the ps5 pro, as scheduled. while the game rendering speed will be increased by (up to) 45%, the price of the new machine has also risen to an unexpectedly high $699. a subsequent survey released by the well-known gaming website ign showed that more than 90% of respondents believed that sony's pricing was "too expensive" or "a little expensive."

however, wall street seems to have a different view. sony's us stocks briefly plunged after the announcement of the price of ps5 pro, but then quickly climbed back up and eventually closed up more than 2%.

[ubs uses ai tools to help its m&a business by looking through 300,000 companies in 20 seconds]

ubs group ag has developed an artificial intelligence (ai) tool to help it advise clients on potential mergers and acquisitions deals, which can analyze a database of more than 300,000 companies in less than half a minute. ubs has built its own m&a "co-pilot" to come up with buy-side ideas and identify potential buyers in sell-side scenarios, brice bolinger, head of swiss m&a, said at the 27th m&a conference in zurich on tuesday.

[oracle's stock price surged 11% to a record high]

oracle closed up 11.44% on tuesday, setting a new historical high, as its financial report released after the market closed yesterday exceeded market expectations and announced partnerships with amazon aws and google cloud.

starbucks' new ceo promises to focus on stores and coffee

new starbucks ceo brian niccol said he plans to redouble efforts to improve the company's physical stores as digital ordering has revolutionized the way the coffee chain does business. in an open letter on tuesday, niccol said he wants to make cafes "inviting places to linger" again, with a clear distinction between dine-in and takeout service.