December 26th, the global financial markets were truly spectacular. U.S. stocks traded on the first day after Christmas, with the three major indices experiencing slight pullbacks, but their weekly performance remained impressive.

Looking at specific data, the S&P 500 fell 0.03%, closing at 6,929.94 points, but gained 1.4% for the week; the Dow Jones Industrial Average dropped 0.04% to 48,710.97 points, with a weekly increase of 1.1%; the Nasdaq Composite declined 0.09% to 23,593.10 points, up 1.2% for the week. The VIX fear index also decreased only 0.19% to 26.14, reflecting relatively stable market sentiment.

In the tech sector, performance varied significantly. Tesla was the biggest loser of the day, dropping over 2%. Meta, Google, Apple, and Microsoft all declined slightly, with the largest drop not exceeding 0.64%. Conversely, Nvidia surged over 1% thanks to AI chip positive news, Amazon rose slightly by 0.06%, barely holding up the downward trend in the tech sector.

The most notable highlight was the strong rebound of Chinese concept stocks. The Nasdaq Golden Dragon China Index rose 0.72% to 7,688.52 points. New energy vehicle companies collectively exploded, with XPeng Motors soaring over 6%, NIO up 4.1%, and Li Auto up 3.9%. Tech consumer stocks also showed resilience, with Xiaomi up 2.1% and Alibaba up 1.4%. The rebound in Chinese assets was significantly stronger than in other sectors.

The most shocking market movement occurred in the precious metals sector. Spot gold surged 1.12% in a single day, breaking through the $4,550 per ounce mark during trading, reaching a new all-time high, with a weekly increase of 4.44%. Spot silver performed even more aggressively, skyrocketing 10.24% in one day, surpassing the $79 mark, with a weekly gain of 17.87%.

This wave of market activity demonstrates the diversification of the market: U.S. stocks maintained steady growth, Chinese concept stocks rebounded strongly, and precious metals hit new highs. For investors closely watching global financial trends, this differentiated market presents both risks and opportunities. The rotation effect among different assets is becoming more apparent, and how to grasp the rhythm and balance risk will be key.