#美股预测 $BTC Combining the pre-market conditions and core market drivers on December 4th, it is highly likely that U.S. stocks will continue to show strong fluctuations during the opening that evening, but sector differentiation may persist, with specific analyses as follows:

1. Rate cut expectations provide support: In November, U.S. ADP employment unexpectedly decreased by 32,000, pushing the Federal Reserve's rate cut probability for December up to 89%. The low interest rate expectation still boosts the financial and cyclical sectors, which is the core logic supporting the overall trend of U.S. stocks. This logic had previously driven the Dow Jones to rise more than 400 points on Wednesday.

2. Pre-market indicators give positive signals: Around 6 PM Beijing time on December 4th, pre-market data showed that Dow futures rose 0.06%. Although S&P 500 futures and Nasdaq futures slightly declined by 0.01% and 0.06%, the fluctuations were minimal. At the same time, there were many bright spots among individual stocks and sectors, with the robotics concept stock Nauticus Robotics rising over 31% in pre-market trading, and automation software company UiPath rising over 9% due to better-than-expected Q3 performance. Chinese concept stocks Xiaopeng and NIO rose over 3.8% and 3.3% respectively, and these hot stocks may drive market sentiment after the opening.

3. Sector differentiation issues still exist: There are also pressure points. On one hand, although rumors regarding Microsoft’s AI sales quotas have been debunked, the previous decline may still lead to continued valuation pressure on tech giants. On the other hand, Meta faces new anti-trust investigations from the EU, which may affect its stock performance and subsequently drag down the Nasdaq index. In addition, some previously skyrocketed small-cap stocks and thematic stocks may face short-term profit-taking pressure, which will suppress the overall gains of the market.