Three Rate Cuts?! Major News from the Fed! U.S. Consumer Confidence Index Declines

　　On September 12, the three major U.S. stock indices closed mixed. The Dow Jones Industrial Average fell 0.59%, the S&P 500 dipped 0.05%, and the Nasdaq Composite rose 0.44%, hitting a new all-time high. For the week, the Dow gained 0.95%, the S&P 500 advanced 1.59%, and the Nasdaq increased 2.03%.

　　In European markets, Germany's DAX index edged down 0.02% to 23,698.15 points; France's CAC 40 rose 0.02% to 7,825.24 points; and the UK's FTSE 100 fell 0.15% to 9,283.29 points. For the week, the DAX climbed 0.43%, the CAC 40 jumped 1.96%, and the FTSE 100 gained 0.82%.

　　Chinese stocks listed in the U.S. were mixed, with the Nasdaq Golden Dragon China Index declining 0.11%. Among individual stocks, JinkoSolar surged over 6%, Century Internet rose more than 5%, Bilibili gained over 4%, Weibo advanced nearly 3%, and Baidu Group increased over 2%. On the downside, Douyu dropped over 4%, Kingsoft Cloud fell nearly 3%, RLX Technology declined nearly 3%, Yum China decreased over 2%, and Tencent Music dipped over 2%.

　　In news, Tesla's extended-wheelbase six-seater pure electric SUV model—Model YL—launched in China sold out for October in the Chinese market. New orders indicate the earliest expected delivery date is November 2025.

　　The Model YL features an all-wheel-drive system, with a range of 751 km under CLTC (China Light-Duty Vehicle Test Cycle), acceleration from 0 to 100 km/h in 4.5 seconds, and a top speed of 201 km/h. Without changing the vehicle's width, Tesla expanded the rear lateral space by 20mm, providing ample shoulder room for the third row.

　　Industry experts believe Tesla's launch of the Model YL aims to align with Chinese market preferences and boost sales. Based on the latest orders, this new model has quickly become one of Tesla's best-selling vehicles in key overseas markets, reflecting strong demand.