From October 20-22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once again. Nobel and Turing Award laureates will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the rat race era — Macfarlane — will hold a live dialogue with Xiang Biao!

Limited seats available, first come first served. Let us journey together toward sustainability! [Click to register] The S&P 500 index traded quietly again on Tuesday, with chip stocks extending their weakness, as traders digested generally strong results from banks including JPMorgan and Goldman Sachs with the third-quarter earnings season underway.

The S&P 500 index closed nearly flat in New York, remaining close to its record high. Concerns about Chinese competitors dragged chip stocks lower, with the Nasdaq 100 index falling 0.3%. Danni Hewson, head of financial analysis at AJ Bell, said: "Concerns about rising borrowing costs, combined with worries over massive AI infrastructure spending, dealt chip stocks a second consecutive day of losses, while results from major US banks also failed to lift market sentiment."

ChangXin Technology is narrowing the technology gap with Samsung Electronics, SK Hynix and Micron Technology, which could weaken the pricing power and market share of the three major DRAM giants. Micron Technology shares declined, while hard drive-related manufacturers such as Seagate Technology and Western Digital also moved lower. Thomas Martin, senior portfolio manager at Globalt Investments, said: "Given the various concerns that have once again shrouded the market in recent months — rising interest rates, surging US Treasury yields and elevated oil prices — such a prolonged period of calm is indeed surprising." He said that if corporate earnings or economic performance weaken, it will "force traders to abandon their complacency and re-examine those companies with lofty valuation multiples."

New York Fed President Williams said he currently does not expect any need for rate hikes next year. As a result, the market narrowed some of its earlier losses. Microsoft shares closed up 0.4%, setting a record high for the first time since October 2025. JPMorgan fell 0.9% despite raising its net interest income forecast; Goldman Sachs rose 0.2% as its third-quarter equity trading business outperformed expectations. Citigroup shares fell 5.6%, the largest single-day drop since April 2025; at the close, the S&P 500 index was essentially flat at 7,805.45 points; the Dow Jones Industrial Average fell 0.4% to 51,670.1 points; the Nasdaq Composite fell 0.2% to 27,204.38 points; the Nasdaq 100 fell 0.3% to 30,569.48 points; the Russell 2000 fell 0.4% to 2,783.369 points.