The three major U.S. stock indices closed with mixed performances: the Dow Jones Industrial Average rose 0.44%, the Nasdaq Index fell 0.76%, and the S&P 500 Index dipped slightly by 0.16%. Technology stocks generally faced pressure, with Nvidia dropping over 4%, and Amazon and Tesla both falling more than 1%. Walmart bucked the trend, surging nearly 5% after announcing a partnership with OpenAI to launch ChatGPT shopping features, hitting a record closing high.

The Nasdaq Golden Dragon China Index closed down 1.95%, with most popular Chinese American stocks declining. Nio fell over 5%, Baidu dropped more than 4%, while Alibaba and XPeng Motors both fell over 2%. In commodities, safe-haven demand continued to push COMEX gold futures higher, breaking $4180 per ounce to set a new all-time high.

Market focus remains on the Federal Reserve's policy path. The CME FedWatch Tool indicates a 95.7% probability of a rate cut in October. However, geopolitical tensions and the risk of a U.S. government shutdown could intensify short-term volatility. Institutions believe that if the Fed's rate cut expectations materialize, it may support growth stocks and precious metals, but caution is warranted due to uncertainties from potential tariff policy escalations.

Related ETFs:

Global Tech Leaders: Nasdaq ETF (513300)

U.S. Core Broad Market: S&P ETF (159655)

Tracking Gold Performance: Gold ETF (518850)