On February 28, local time, the three major U.S. stock indexes closed slightly lower, and the Dow fell 006%, the S&P 500 fell 017%, the Nasdaq fell 055%。Among them, most of the large technology stocks in the United States closed down, and most of the popular Chinese concept stocks also fell.
"Warren Buffett's Berkshire Hathaway Class B shares closed up nearly 08% at 412$07, with an intraday market capitalization of $891 billion. UBS estimates that the company will enter a "trillion-dollar salon" in the next 12 months.
At the audio level, Tesla CEO Elon Musk said on the X channel that the electric sports car Roadster product is planned to be completed and will be launched at the end of the year, and the policy is to ship next year. Musk said that the roadster's planning approach has been greatly improved, and "it could be the most exciting product ever."
The leader of the U.S. Senate Metropolitan Party has indicated that congressional representatives are "very close" to reaching an agreement to prevent a shutdown.
The three major U.S. stock indexes closed slightly lower
On February 28, local time, the three major U.S. stock indexes closed down slightly, and the wind data appeared, as of **, the Dow fell 006% at 38949At 02 points, the S&P 500 fell 017% at 5069At 76 points, the Nasdaq fell 055% at 1594774 points.
U.S. bank stocks were mixed. Goldman Sachs rose more than 1%, JPMorgan Chase, Morgan Stanley, Bank of America slightly**, Citigroup fell more than 1%, and Wells Fargo fell slightly.
Most of the big tech stocks in the U.S. closed in the red. Google fell more than 1%, Apple, Amazon, Netflix, and Facebook all fell to varying degrees, and Microsoft fell slightly.
Most of the popular Chinese concept stocks fell. Kingsoft Cloud and Uxin both fell more than 9%, Bright Stone, 36 Krypton fell more than 8%, Bilibili fell more than 6%, Weibo and JD.com fell more than 5%, Alibaba fell nearly 4%, and Pinduoduo fell more than 2%. New energy car stocks fell across the board, with Xpeng Sedan falling nearly 7%, NIO Sedan falling more than 2%, and Aspirational Sedan falling nearly 2%.
At the audio level, on February 28, local time, a number of Federal Reserve** announced their speeches. Fed's Bostic reiterated his estimate that the first rate cut will take place this summer. Fed's Williams indicated that the data will determine when the Fed cuts interest rates, and that three rate cuts in 2024 are a reasonable option for the Fed to comment. Fed's Collins indicated that the base case scenario is that the Fed will cut rates this year, and it is too early to say whether the Fed may cut rates in May.
The organization said that it should not continue to chase the rally
Drew Pettit, head of strategy at Citi USA**, said investors should not continue to chase rallies at this time. A lot of the good news has already been reflected in the stock price – while it's true that the earnings season hasn't been great, the US stock market is actually still in the top of the charts, not seeing too many results that exceed expectations and broadly improve the outlook.
CICC divides the U.S. economy into three scenarios, namely a "hard landing", a "soft landing" and a "non-landing", and the Fed's monetary policy choices are different in different scenarios, and the reflection of U.S. stocks will be different. Combined with the latest data, the organization believes that the probability of a soft landing is still high, but it also suggests that the probability of no landing is rising, and the biggest upside risk for U.S. stocks may come from productivity gains brought about by technological progress, and the biggest downside risk may be "secondary inflation" caused by policy mistakes.
CITIC** shows that the current valuation of major Internet companies in the United States is 10% higher than the valuation center in the past five years, but considering the continuous increase in the return of shareholders in the sector, the possibility of the subsequent turn of the Federal Reserve's monetary policy, and the potential options of AI skills, it is believed that the Internet giants have both offensive and defensive attributes, which is still the allocation direction of the ambitions of the US market at that time.
Tesla's electric sports car Roadster product planning has been completed and will be launched by the end of the year
On February 28, Mark Gurman, a world-renowned science and technology journalist, posted an audio message on Social**. He quoted people familiar with the matter as saying that Apple had scrapped its decade-long, multibillion-dollar electric car program. Tesla CEO Elon Musk quickly posted the message on his social account, with "greetings" and "cigarette lighting" emojis.
On the same day, Musk stated on the X channel that the electric sports car Roadster product is planned to be completed and will be launched by the end of the year, and the policy is to ship next year. Musk has indicated that the roadster's planning approach has been significantly improved and "could be the most exciting product ever." He revealed that the Roadster's 0-60 mph acceleration (commonly referred to as "100 km/h) acceleration takes less than 1 second, and that's the "most boring part" of the product.
Representatives of the US Congress are "very close" to reaching an agreement to prevent a shutdown
According to CCTV News, on February 28, local time, according to the "Capitol Hill" newspaper, the leader of the U.S. Senate Metropolitan Party Chuck Schumer said that U.S. congressional negotiators are "very close" to reaching an agreement to prevent the United States from partially "shutting down" this weekend. Schumer indicated that the negotiations are making good progress.
According to the expiration date of a bipartisan short-term spending bill passed by the U.S. Congress last month, the federal ** may face a partial "shutdown" from March 2. On February 27, Biden, Deputy Harris, and four congressional leaders met on the Urgent Security Spending Act to discuss the costs associated with providing additional support to Ukraine and preventing a partial shutdown.