U.S. stocks edged slightly on Monday as investors await a busy week as Federal Reserve Chair Jerome Powell testifies before Congress and the U.S. welcomes crucial jobs data. As of **, the Dow fell 9755 points, down 025% at 38989At 83 points, the Nasdaq fell 041% at 16207At 51 points, the S&P 500 fell 012% at 513095 points. The communication services and consumer discretionary sectors led the decline, with the safe-haven sector utilities leading the market.
* Nvidia rose 36%, the intraday market value of the chip giant once exceeded 2$2 trillion, surpassing Saudi Aramco to become the world's third-largest publicly traded company.
Apple fell 25%, the European Union fined Apple 18400 million euros (about $2 billion) for violating EU competition law and unfairly favoring its own **stream** services.
On Monday, Tesla's stock price opened lower and fell 7 as of press time16% to close at 188$14,The market value evaporated by 46.1 billion US dollars, or about 332.3 billion yuan, overnight. Some analysts pointed out that Tesla's sharp fall on Monday was related to its latest sales data in China; In addition, Tesla's price cuts in China in January and the new incentives introduced last week underscore the pressure of competition in the market.
Investors' negative sentiment towards New York Community Bank continued to simmer after Fitch and Moody's downgraded their credit ratings, with shares tumbling more than 20% for the second straight session on Monday, hitting a new low since the 90s.
Earlier, the bank said it had found "material deficiencies" in internal controls related to loan reviews and revised its fourth-quarter loss to $2.8 billion. As the regional banking sector embarks on a new round of **, the risk of contagion related to commercial real estate valuation risks has once again attracted the attention of investors and U.S. officials.
Atlanta Fed President Bostic said on Monday that the Fed is under no pressure to cut interest rates urgently, given the "boom" in the U.S. economy and job market. He also stressed that inflation is expected to return "slowly" to the 2% target, but it is too early to declare victory. Bostic still believes that two 25 basis point rate cuts by the Fed before the end of the year are appropriate.
On Monday, local time, the U.S. Supreme Court ruled on the expulsion of former Trump's votes, announcing the reversal of Trump's decision to be removed from voting in the 2024 Colorado election, which is undoubtedly a big victory for Trump.
This means that no other state can ban Trump from running for ** by invoking the insurgency clause in Section 3 of the 14th Amendment to the Constitution, nor can it disqualify other candidates from the primary.
On Monday local time, artificial intelligence (AI) startup Anthropic launched the Claude 3 model, which is better able to execute complex instructions. The company claims that Claude 3 has demonstrated near-human comprehension for complex tasks and is one of the most powerful large models available.
The Claude 3 is further divided into three versions, namely the Claude 3 Opus, Sonnet, and Haiku, with the name suggesting the capabilities of each model, with the Opus being the most powerful and the Haiku being the fastest and most cost-effective model on the market.
Bitcoin broke above 6$80,000, about $6,800 in the last 24 hours**, and the highest touched $68,569$44, approaching the all-time high of 68,991 set on November 10, 2011$85.