在纽约，道琼斯指数周三上涨278点，涨幅0.59%。涨幅最大的是安进（7.85%）、卡特彼勒（4.00%）和3M（2.43%）。跌幅最大的是家得宝（-2.36%）、宣伟（-2.05%）和英伟达（-1.87%）。

In New York, the Dow Jones Index rose 278 points or 0.59 percent on Wednesday. Leading the gains are Amgen (7.85%), Caterpillar (4.00%) and 3M (2.43%). Top losers were Home Depot (-2.36%), Sherwin-Williams (-2.05%) and Nvidia (-1.87%).

标准普尔500指数上涨0.4%，纳斯达克指数上涨0.8%，道琼斯指数上涨270点，因为买家在周二的回调后介入，最高法院对特朗普关税案的怀疑质疑降低了短期关税风险。鉴于这种怀疑，市场减少了对法院将维持关税的押注。ADP私人就业人数强于预期，小幅增长约42000人，ISM服务业指数升至八个月高点，加强了经济活动弹性的理由，并支撑了风险偏好。在股市层面，大型科技和通讯公司领涨反弹，Alphabet上涨2.4%，Meta上涨1.4%，Broadcom上涨1.8%，特斯拉上涨2.7%，因为人工智能主导的抛售暂停。然而，反弹是有选择性的，Palantir将跌幅扩大了1.5%，Super Micro Computer在前景不佳后暴跌了12.2%。

The S&P 500 gained 0.4%, the Nasdaq climbed 0.8% and the Dow Jones rose 270 points as buyers stepped in following Tuesday’s pullback and the Supreme Court’s skeptical questioning of the Trump tariff case trimmed near-term tariff risk. Markets reduced their bets that the court would uphold the tariffs in light of that skepticism. Stronger-than-expected private payrolls in ADP, which showed a modest gain of roughly 42,000, and an ISM services reading that moved to an eight-month high reinforced the case for resilient activity and underpinned risk appetite. At the stock level the rebound was led by big tech and communication names with Alphabet up 2.4%, Meta up 1.4%, Broadcom up 1.8% and Tesla up 2.7% as the AI-led selloff paused. The rally was selective however, with Palantir extending losses by 1.5% and Super Micro Computer plunging 12.2% after a weak outlook.

今日外汇：预计英国央行将保持政策利率不变。美国政府关门创纪录。今日外汇：预计英国央行将保持政策利率不变。美国政府关门创纪录

FX Today: The BoE is expected to keep its policy rate unchanged. US shutdown hits record.FX Today: The BoE is expected to keep its policy rate unchanged. US shutdown hits record

美国家庭债务总额比上一季度增加了1970亿美元，在2025年第三季度创下18.59万亿美元的新高。抵押贷款余额增长1370亿美元至13.07万亿美元，信用卡余额增长240亿美元至1.23万亿美元。房屋净值信贷额度（HELOC）余额增加了110亿美元，达到4220亿美元。学生贷款余额增加了150亿美元，达到1.65万亿美元。汽车贷款余额稳定在1.66万亿美元。抵押贷款发放速度加快，第三季度新发放了5120亿美元。纽约联邦储备银行经济研究顾问Donghoon Lee表示：“家庭债务余额正在以温和的速度增长，拖欠率趋于稳定。相对较低的抵押贷款拖欠率反映了住房市场的弹性，这是由充足的房屋净值和严格的承销标准推动的。”

Total household debt in the US increased by $197 billion from the prior quarter to a new record high of $18.59 trillion in Q3 2025. Mortgage balances grew by $137 billion to $13.07 trillion, and credit card balances rose by $24 billion to $1.23 trillion. Home equity line of credit (HELOC) balances rose by $11 billion to $422 billion. Student loan balances rose by $15 billion to $1.65 trillion. Auto loan balances held steady at $1.66 trillion. The pace of mortgage originations increased, with $512 billion newly originated in the third quarter. “Household debt balances are growing at a moderate pace, with delinquency rates stabilizing,” said Donghoon Lee, Economic Research Advisor at the New York Fed. “The relatively low mortgage delinquency rates reflect the housing market’s resilience, driven by ample home equity and tight underwriting standards.”