U.S. Stocks Surge: Dow Jumps 300 Points, China Dragon Index Up 4%+

**U.S. Major Stock Indices Strengthen, Nasdaq and S&P Gain Nearly 0.3%;

* Israel Retaliates Against Iran Without Affecting Energy Supply, Crude Oil Plunges by Nearly 6%;

* Boeing Dips by Nearly 3%, Company to Issue Shares to Combat Financial Pressure.**

On Monday, the three major U.S. stock indices collectively rose as the market awaited the earnings reports of large technology stocks. The developments in the Middle East over the weekend did not disrupt energy supplies, and market sentiment improved. By the close, the Dow Jones Industrial Average (DJIA) increased by 273.17 points, a rise of 0.65%, to 42,387.57 points, the Nasdaq Composite rose by 0.26% to 18,567.19 points, and the S&P 500 index gained 0.27% to 5,823.52 points.

Market Overview:

The Dallas Fed's October manufacturing index reported at -3.0, narrowing the decline compared to the previous month, bolstered by increased production capacity.

Several economic data releases this week are crucial for assessing Federal Reserve policy, especially the Personal Consumption Expenditures (PCE) index and the closely watched non-farm employment report. According to the Chicago Mercantile Exchange's FedWatch interest rate tool, the probability of a 25 basis point rate cut by the Federal Reserve in November is close to 90%.

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Long-term U.S. Treasury yields rose to a three-month high, with the 2-year U.S. Treasury note increasing by 4.5 basis points to 4.14%, and the benchmark 10-year U.S. Treasury note rising by 4.6 basis points to 4.28%, approaching the 4.30% threshold at one point. Subadra Rajappa, Head of U.S. Interest Rate Strategy at Societe Generale, stated: "This is the calm before the storm, with many investors being more cautious ahead of the election."

This week is also a peak period for earnings reports, with nearly 170 S&P 500 companies planning to announce their performance. This includes five of the "Tech Seven," who have been significant drivers of the U.S. stock market's repeated record highs this year. Nvidia surpassed Apple last week to become the world's most valuable company, and investors will be watching for guidance on artificial intelligence spending in the latest earnings report. Paul Christopher, Global Chief Investment Strategist at Wells Fargo Investment Institute, said: "These earnings reports are crucial for what kind of capital expenditure plans companies may implement in the coming year."

So far, more than one-third of the S&P 500 companies have reported their third-quarter earnings. According to FactSet data, about three-quarters of these companies' profits have exceeded Wall Street expectations, which is below the five-year average of 77%.In terms of individual stocks, star technology stocks saw mixed performances, with Apple rising by 0.9% as Apple Intelligence officially launched on iPhones, iPads, and Macs on Monday. Concurrently, Apple announced the release of a new iMac equipped with the M4 chip, which is set to hit the market on November 8th. Google's stock increased by 0.8%, Amazon's by 0.3%, Microsoft's fell by 0.4%, Nvidia's by 0.7%, and Tesla's by 2.5%.

Boeing's stock fell by 2.8% as the aircraft manufacturer contemplates issuing 90 million shares and $5 billion in depositary stocks to bolster its financial position amidst ongoing worker strikes.

The industrial conglomerate 3M saw its stock rise by 4.4% following an upgrade to the company's target price by JPMorgan Chase.

McDonald's stock increased by 1.4%. The fast-food giant announced last Sunday its plan to resume the supply of its related burgers in all restaurants this week, after ruling out the possibility that beef patties were the potential source of the recent E. coli outbreak.

Popular Chinese concept stocks collectively strengthened, with the NASDAQ Golden Dragon China Index surging by over 4%.

International oil prices plummeted significantly, as Israel's response to Iranian missile attacks focused primarily on missile factories and other locations near Tehran, rather than refineries or nuclear targets. The WTI crude oil nearest-month contract fell by 6.13%,报价 at $67.38 per barrel, while the Brent crude oil nearest-month contract dropped by 6.09%,报价 at $71.42 per barrel.

International gold prices fluctuated within a narrow range, with the COMEX gold futures contract for October delivery on the New York Commodity Exchange rising by 0.07%,报价 at $2,742.90 per ounce.