On October 7th at 16:00 Eastern Time (October 8th at 04:00 Beijing Time), the Dow Jones Industrial Average closed down by 398.51 points, at 41,954.24 points, a decrease of 0.94%; the Nasdaq Composite closed down by 213.95 points, at 17,923.90 points, a decrease of 1.18%; the S&P 500 index closed down by 55.13 points, at 5,695.94 points, a decrease of 0.96%. From October 1st to October 7th, the Dow Jones Industrial Average accumulated a decline of 0.89%, the Nasdaq Composite accumulated a decline of 1.46%, and the S&P 500 index accumulated a decline of 1.15%.

Most of the large-cap U.S. technology stocks fell, with Amazon falling by about 3%, Apple, Netflix, and Google falling by more than 2%, and Facebook and Microsoft falling by over 1%.

Most of the U.S. bank stocks fell, with J.P. Morgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, and Bank of America slightly down, while Wells Fargo slightly rose.

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U.S. energy stocks collectively rose, with ExxonMobil, Chevron, ConocoPhillips, Schlumberger, and Occidental Petroleum slightly up.

U.S. chip stocks fluctuated, with Nvidia rising by more than 2%, TSMC rising by over 1%, Micron Technology and GlobalFoundries slightly up, ASML, Microchip Technology, and Qualcomm falling by more than 1%, and Intel and Broadcom slightly down.

Popular Chinese concept stocks fluctuated, with the Nasdaq Golden Dragon China Index rising by 0.07%, EHang Holdings rising by over 21%, Gaotu Tech Group rising by more than 11%, Canadian Solar and Dada Nexus rising by about 10%, JinkoSolar rising by over 9%, RLX Technology and SMIC rising by about 7%, Kingsoft Cloud and Daqo New Energy rising by over 6%; on the downside, Agora fell by over 13%, Tiger Brokers fell by over 7%, ShouTi Biopharma and Ke Holdings fell by about 6%, Bit Digital fell by more than 5%, and Bilibili fell by about 4%. From October 1st to October 7th, the Nasdaq Golden Dragon China Index accumulated a rise of 11.43%.

After the stronger-than-expected jobs report on October 4th, traders withdrew from bets on a 50 basis points rate cut in November. According to the FedWatch tool of the Chicago Mercantile Exchange, they expected a 25 basis points rate cut by the Federal Reserve with a possibility of 86%, and no rate cut with a possibility of about 14%. The change in rate cut expectations led to a rise in U.S. Treasury yields, with the benchmark 10-year Treasury yield exceeding 4% for the first time in two months. Additionally, investors are waiting for the September Consumer Price Index and the bank quarterly reports to be released this week.

European stock markets: The three major European stock indices fluctuated on the 7th. The FTSE 100 index in London, UK, closed at 8,303.62 points, up by 22.99 points from the previous trading day, a rise of 0.28%; the CAC 40 index in Paris, France, closed at 7,576.02 points, up by 34.66 points from the previous trading day, a rise of 0.46%; the DAX index in Frankfurt, Germany, closed at 19,104.10 points, down by 16.83 points from the previous trading day, a fall of 0.09%.

International oil prices: International oil prices rose on the 7th. As of the closing of the day, the November delivery of light crude oil futures at the New York Mercantile Exchange rose by $2.76, closing at $77.14 per barrel, a rise of 3.71%; the December delivery of Brent crude oil futures in London rose by $2.88, closing at $80.93 per barrel, a rise of 3.69%. From October 1st to October 7th, international oil prices continued to rise, with U.S. oil accumulating a rise of 13.16%, and Brent oil accumulating a rise of 12.76%.

U.S. Dollar Index: The U.S. Dollar Index rose on the 7th. The index, which measures the dollar against six major currencies, rose by 0.01% on the day, closing at 102.535 in the foreign exchange market. As of the end of the New York foreign exchange market, 1 euro was exchanged for $1.0969, lower than the previous trading day's $1.0973; 1 pound was exchanged for $1.3071, lower than the previous trading day's $1.3122; 1 dollar was exchanged for 148.11 yen, lower than the previous trading day's 148.85 yen; 1 dollar was exchanged for 0.8539 Swiss francs, lower than the previous trading day's 0.8585 Swiss francs; 1 dollar was exchanged for 1.3638 Canadian dollars, higher than the previous trading day's 1.3575 Canadian dollars; 1 dollar was exchanged for 10.3674 Swedish kronor, lower than the previous trading day's 10.3688 Swedish kronor.