Changes in US stocks | The Dow broke through 49,000 points for the first time, and major bank stocks, Goldman Sachs (GS.US) rose nearly 5%

The Zhitong Finance App learned that on Monday, the Dow broke through 49,000 points for the first time and is now up 1.3%. Major US bank stocks have reached record highs. Goldman Sachs (GS.US) has risen nearly 5%, J.P. Morgan Chase (JPM.US), Morgan Stanley (MS.US), and Bank of New York Mellon (BK.US) have risen more than 3%, and Wells Fargo (WFC.US) and Bank of America (BAC.US) have risen more than 2%. According to the news, the American Institute for Supply Management (ISM) announced that the US manufacturing purchasing managers' index (PMI) fell to 47.9 in December 2025, down from 48.2 in November, a new low since October 2024, and also significantly below the 48.4 expectations given by economists in media surveys.

Despite the continued contraction of the manufacturing industry, ISM notes that the PMI is still above 42.3, a level consistent with overall economic expansion over the long term. At the macro level, the US economy grew at an annualized rate of 4.3% in the third quarter above the trend level. Although a record government shutdown is expected to drag down economic activity in the fourth quarter, most economists still expect the US economy to accelerate again in 2026 as the effects of tax cuts are released and investment in artificial intelligence continues to heat up.