Overnight US stocks | The Dow drops for four consecutive trading days, while NVIDIA Corporation (NVDA.US) rises by 4.89%.

On Tuesday, the three major indices saw mixed movements. The Dow Jones Industrial Average continued its decline for the fourth consecutive trading day, as investors awaited NVIDIA Corporation's financial report. In U.S. stock markets, at the close, the Dow Jones fell 120.66 points, or 0.28%, to 43268.94 points; the Nasdaq rose 195.66 points, or 1.04%, to 18987.47 points; the S&P 500 Index rose 23.36 points, or 0.40%, to 5916.98 points. NVIDIA Corporation (NVDA.US) rose 4.89%, Tesla, Inc. (TSLA.US) rose 2%, and Trump Media & Technology Group (DJT.US) fell 8.8%. The Nasdaq Golden Dragon Index fell 0.75%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell 2.5%, and XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell 3.8%. In European stock markets, the German DAX 30 index fell 100.96 points, or 0.53%, to 19075.25 points; the UK FTSE 100 index fell 10.07 points, or 0.12%, to 8099.25 points; the French CAC 40 index fell 48.59 points, or 0.67%, to 7229.64 points; the Euro Stoxx 50 index fell 39.78 points, or 0.83%, to 4750.55 points; the Spanish IBEX 35 index fell 88.93 points, or 0.76%, to 11585.87 points; the Italian FTSE MIB index fell 445.43 points, or 1.32%, to 33313.00 points. In the Asia-Pacific stock markets, the Nikkei 225 index rose 0.51%, the Jakarta Composite index rose 0.86%, and the KOSPI index rose 0.27%. In the cryptocurrency market, Bitcoin rose more than 2% to $92311.76 per coin, while Ethereum fell more than 3% to $3099.02 per coin. In the gold market, COMEX gold futures rose 0.80% to $2635.50 per ounce. COMEX silver futures rose 0.24% to $31.3 per ounce. COMEX copper futures rose 1.22% to $4.1735 per pound. In the oil market, NYMEX December delivery West Texas Intermediate (WTI) crude oil futures rose 23 cents, or 0.33%, to $69.39 per barrel. In the metal market, LME copper futures rose $15 to $9088 per ton. LME aluminum futures rose $37 to $2644 per ton. LME zinc futures remained unchanged at $2951 per ton. LME lead futures rose $10 to $2001 per ton. LME nickel futures rose $137 to $15866 per ton. LME tin futures fell $143 to $28880 per ton. LME cobalt futures remained unchanged at $24300 per ton. Macro News: U.S. single-family housing construction drops in October, rebound may be subdued. Due to the impact of hurricanes Helen and Milton on activities in the southern United States, and despite a slight increase in building permits, the number of single-family homes constructed in the United States dropped significantly in October, suggesting that a rebound may be subdued. The U.S. Department of Commerce announced on Tuesday that the number of single-family housing starts, which account for the majority of housing construction, fell by 6.9% last month, with the seasonally adjusted annual rate dropping to 970,000 units. September's data was revised upwards, showing that the number of housing starts had increased from the previously reported 1.027 million units to 1.042 million units. New home construction has rebounded since the impact of rising mortgage rates in the spring. However, its momentum is limited by several factors, such as the low level of new housing supply in the United States since 2008, the impact of hurricanes on the southeast, and persistently high borrowing costs. Mortgage rates initially declined after the Federal Reserve began cutting rates in September. However, given strong economic data and concerns that President Trump's policies (including tariffs on imported goods and mass deportations of immigrants) could reignite inflation, mortgage rates have erased their previous declines. Pro-cryptocurrency nominee to lead the U.S. Department of Commerce, ETF options market launch drives Bitcoin to new highs. With the launch of Bitcoin ETF options, the price of Bitcoin has hit new highs, reaching as high as $93,905 per coin. The market expects that Bitcoin ETF options will likely increase Financial Institutions, Inc.'s exposure to Bitcoin. Options contracts allow investors to buy or sell an asset at a specific price and predetermined time period. Noelle Acheson, former head of market insights at Genesis, said that while the Chicago Mercantile Exchange already offers Bitcoin options, Bitcoin ETF spot options are a big deal for retail investors and Financial Institutions, Inc. Deeper onshore derivative markets will increase market complexity, enhance investor confidence in Bitcoin, bring new investment groups, and develop more diversified investment and trading strategies. In addition, reports that Howard Lutnick, a pro-cryptocurrency figure, will be nominated by Trump as Secretary of Commerce have also boosted Bitcoin's rise. Trump nominates Howard Lutnick as Secretary of Commerce. According to foreign media reports, on the local time of the 19th, Trump stated that he will nominate senior Wall Street financier Howard Lutnick to serve as Secretary of Commerce in the next U.S. government, elevating one of his most outspoken supporters in the financial world to a key position. In addition, Lutnick will also directly lead the Office of the U.S. Trade Representative. Lutnick is the CEO of financial services company Cantor Fitzgerald, and in recent months, he has become one of Trump Administration's important supporters. His nomination is seen as a sign of further development in the fields of commerce and trade for the Trump Administration.Trump's close ally and the top contender for the position of Treasury Secretary. If approved by the Senate, Lutenik will be responsible for expanding the US economy and promoting domestic industries. He may also help maintain and enhance relations between the government and the business sector. The Department of Commerce and other agencies will play a central role in implementing the President-elect's proposal to impose tariffs on imported goods in the United States.Canadian prices rose last month, but may not affect the interest rate cut decision in December. Consumer prices in Canada accelerated last month, but the latest data may not hinder further interest rate cuts in December. Consumer prices index rose by 0.4% in October, reversing the trend of the previous month's decline. This brought the annual inflation rate back up to 2% after a sharp drop to 1.6% in September. However, the inflation rate has been at or below the Bank of Canada's 2% target level for three consecutive months and within the Bank's target range of 1%-3% for ten consecutive months. The current inflation growth is also slightly lower than the Bank's forecast of 2.1% for the fourth quarter. Before the next policy meeting, Bank policymakers will still need to consider employment and Gross Domestic Product data, which may play a crucial role in determining the extent of the expected interest rate cut. [Stock News] Microsoft Corporation (MSFT.US) releases software to simplify AI development to boost cloud services growth. Microsoft Corporation has released new tools to assist cloud customers in building and deploying artificial intelligence applications, aiming to generate more revenue from generated AI. Azure AI Foundry will allow users to easily switch between large language models that support artificial intelligence. Cloud computing chief Scott Guthrie said in an interview that customers using the old version of OpenAI products can try the new version or switch from OpenAI to Mistral or Meta tools. In addition to matching hybrid models, customers will also be able to ensure that applications run smoothly and receive substantial return on investment. Microsoft Corporation announced the new product at the annual Ignite conference in Chicago on Tuesday and said it would offer it for free to attract more enterprise customers to purchase its cloud services. Foreign media: Sam Altman seeks investors for Rain AI to challenge NVIDIA Corporation (NVDA.US). According to foreign media reports, sources said Sam Altman is personally pitching Rain AI to investors of OpenAI, hoping they provide financial support. Altman is pushing for Rain AI's upcoming $150 million Series B financing, which will increase Rain AI's valuation to about $600 million. Altman was reported to be one of the main investors in Rain AI's $25 million seed round financing in 2022. The latest round of financing is expected to start next month. If a judge rules that Alphabet Inc. Class C (GOOGL.US, GOOG.US) to sell Chrome, the business could be worth up to $200 billion. According to foreign media reports, if a judge agrees to the US Justice Department's proposal to force Alphabet Inc. to sell the Chrome browser business, the selling price could reach up to $200 billion, marking a historic heavy blow to the global tech giant. Sources revealed that the Justice Department will request the judge who ruled in August that Alphabet Inc. Class C had illegally monopolized the search market to require Alphabet Inc. Class C to take action related to its artificial intelligence (AI) business and the Android smartphone operating system. Bloomberg industry research analyst Mandeep Singh stated that if the sale proceeds, considering Chrome has over 3 billion monthly active users, it would be worth "at least $150-200 billion".