U.S. stocks opened higher, and the three major indexes collectively closed higher. The Nasdaq rose 095%, continuing to hit a new high since January 2022; The S&P 500 rose 082%, the Dow rose 04%, all of which hit a record high. Large technology stocks rose, Meta rose more than 3%, Nvidia, Microsoft rose more than 2%, Google, Tesla rose more than 1%, Netflix, Apple, Amazon slightly**. Snap plunged more than 34%, hitting its lowest level since November last year. Enph rose about 17% to a one-month high.
Popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 118%。Alibaba fell more than 5%, Bilibili, JD.com, Xiaopeng Motors fell more than 4%, iQiyi fell more than 3%, Weilai, Li Auto, Full Bang, fell more than 2%, Tencent**, Futu Holdings, Vipshop, Weibo fell more than 1%, NetEase slightly**. Pinduoduo rose more than 2%.
Three Federal Reserve** said on February 7 local time that they did not find any reason for an urgent interest rate cut. In recent days, a number of Feds** have hinted that interest rate cuts will not be until May at the earliest. Despite a sharp slowdown in inflation last year, Fed Governor Adriana Kugler, Boston Fed President Susan Collins, and Minneapolis Fed President Neel Kashkari have not given a clear statement on when they will start cutting rates. This stance largely echoes the views expressed by Fed Chair Jerome Powell last week. Powell stressed that the Fed is not prepared to start cutting interest rates until policymakers are sure that inflation is moving towards the 2% target.
Strategists such as Citigroup's global markets Daniel Tobon and Osamu Takashima said that the U.S. is expected to be positive for the U.S. dollar regardless of the final outcome, but the market will price in the expectation that the U.S. dollar will strengthen before the night, "so much so that this could be the eventual 'sell on news' event." "A Republican sweep win could push the dollar across the board** by about 5%.
The plenary session of the National Assembly (Parliament) of Ecuador approved the Ecuador-China Freedom Agreement on the 7th.
On the same day, the plenary session of the parliament of Eritrea ratified the Ecuador-China FTA by a vote. Previously, the Constitutional Court of Eritrea had already ruled on the constitutionality of the Ecuador-China FTA.
According to the Korean Central News Agency (KCNA) 8**, the Supreme People's Assembly of the DPRK decided to abolish cooperation agreements with South Korea in all economic fields.
Israeli Prime Minister Benjamin Netanyahu said at a press conference on the 7th that he rejected the Palestinian Islamic Resistance Movement (Hamas)'s request for a ceasefire in the Gaza Strip.
U.S. natural gas** closed below $2 per million UK thermal units for the first time in nearly 11 months as unusually mild winter weather weakened demand. This is the first time since March 2023 that the settlement price of the front-month contract has fallen below the $2 mark, and it also highlights the tragic situation of US natural gas in the past year.
At one point after hours, ARM was **42%, and the chip design company's revenue outlook was unexpectedly strong, indicating that the company's expansion into areas other than smartphones has driven business growth and profitability. ARM announced on Wednesday that revenue for the three months to March is expected to be in the range of 8$500 million to $900 million, with an average analyst estimate of 7$7.8 billion. In addition, the company raised its full-year profit outlook.
Alphabet's Google will invest 600 million euros in a data center in southern Norway as part of its expansion plan to meet customer demand. The plant in Skien is expected to be operational in 2026, the company said in a statement announcing the start of construction on Wednesday. The center will repurpose excess heat locally and has allocated 240 megawatts of electricity for the first phase.
Disney's revenue in the first fiscal quarter was 235$500 million versus analysts' expectations of $23.8 billion; The number of Disney+ subscribers in the first fiscal quarter was 149.6 billion, analysts expected 151.2 billion; Earnings per share for the fiscal first quarter were 1$22, analysts expected 0$99; Full-year adjusted earnings per share are expected to be approximately 4$60, analysts expected 4$27; Increase cash dividend by 50% with a proposed buyback of US$3 billion in 2024**; It will invest $1.5 billion in Epic Games, the developer of the game Fortnite.