The three major U.S. stock indices showed divergent trends. Gold surged. The Federal Reserve cut interest rates, and major news emerged.

As of the close on November 12, the Dow Jones Index rose 0.68%, setting a new closing high, while the Nasdaq Index fell 0.26%, and the S&P 500 Index rose 0.06%.

In terms of individual stocks, bank stocks generally rose, with Goldman Sachs up over 3%, and Citigroup and Morgan Stanley up over 2%. Large-cap tech stocks were mixed, with AMD up 9%, Oracle down over 3%, and Tesla down over 2%.

Regarding Chinese concept stocks, the Nasdaq Golden Dragon China Index fell 1.46%. XPeng Motors, NIO, iQiyi, and Baidu fell over 2%, while Li Auto, Alibaba, and JD.com fell over 1%.

International gold prices surged, with spot gold rising above $4,200 per ounce for the first time since October 21, gaining over 2% during the session. Spot silver once surged over 4%.

Wall Street expects the record-breaking U.S. government shutdown may soon end. According to CCTV News, on the afternoon of November 12 local time, the U.S. House of Representatives will vote on a temporary funding bill for the federal government previously passed by the Senate, which may end the federal government shutdown that has lasted over 40 days. The U.S. Senate voted to pass a temporary funding bill on November 10.

Additionally, major news emerged from the Federal Reserve.

The Federal Reserve saw another personnel change, with Atlanta Fed President Bostic unexpectedly announcing his retirement in February next year.

White House National Economic Council Director Kevin Hassett, speaking about the Fed chair candidate, said he would accept if invited by Trump.

Regarding interest rate cuts, most regional Fed voting members are not actively pushing for a rate cut in December. Bostic said on Wednesday he supports keeping rates unchanged until inflation falls to 2%. Boston Fed President Collins also expressed a preference for maintaining rates to curb inflation.

"Fed Whisperer" Nick Timiraos stated that four regional Fed presidents with voting rights (Boston Fed's Collins, St. Louis Fed's Musalem, Chicago Fed's Goolsbee, and Kansas City Fed's Schmid, who voted against the October rate cut) are not actively pushing for another rate cut in December.

Additionally, White House Press Secretary Caroline Levitt said a prolonged government shutdown could lead to the non-release of the October unemployment and Consumer Price Index reports.

According to CME "FedWatch": The probability of a 25-basis-point rate cut by the Fed in December is 59.4%, while the probability of maintaining the current rate is 40.6%. The probability of a cumulative 25-basis-point rate cut by the Fed by next January is 51.5%, the probability of maintaining the current rate is 23.5%, and the probability of a cumulative 50-basis-point rate cut is 25%.