On December 4, the U.S. stock market showed a divided trend, with the three major indices ending mixed. The Dow Jones Industrial Average edged down 0.07% to 47,850.94 points, the Nasdaq Composite Index rose 0.22% to close at 23,505.14 points, and the S&P 500 Index inched up 0.11% to 6,857.12 points. Market sentiment fluctuated significantly during the session: the S&P 500 Index turned lower at one point, and the Nasdaq 100 Index fell by a maximum of 0.2%, before gradually recovering driven by the partial strength of technology stocks.

The divided performance of tech stocks became the core feature of the market. Meta jumped over 5% in pre-market trading driven by news that it plans to cut 30% of its investment in the metaverse business, and finally closed with a gain of over 3%. NVIDIA and Tesla performed steadily, rising by over 2% and 1% respectively. In contrast, Intel plummeted over 7% due to weak earnings expectations, while Apple and Amazon both fell over 1%, becoming the main drags on the indices. Chinese concept stocks performed brilliantly: the Nasdaq Golden Dragon China Index rose 0.39%, with PDD Holdings, Dingdong Freshmarket, and NIO surging 8.96%, 6.56%, and 4.38% respectively.

Individual stocks showed distinct performance-driven characteristics. Automation software company UiPath rose 7.5% as its Q3 results comprehensively exceeded expectations; Dollar General climbed 5.6% after raising its full-year earnings guidance. Tiger Brokers saw its Q3 revenue and non-GAAP net profit hit record highs, surging 9.2% in pre-market trading. On the flip side, Snowflake dropped 8.3% in a single day due to lower-than-expected operating profit margin outlook. Positive policy signals emerged: Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve may cut interest rates by 25 basis points at its next meeting, injecting liquidity expectations into the market.