On Monday Eastern Time, the three major US stock indexes fell slightly. As of the close, the Dow Jones Industrial Average fell 0.71%, the Nasdaq fell 0.20%, and the S&P 500 index fell 0.32%. Large technology stocks have fluctuated, with Nvidia rising over 4% and its stock price approaching the $700 mark, reaching a new historical high. On the news front, the company was raised by Goldman Sachs and Bank of America to its target price of $800; Apple rose more than 1%, while Intel and Google saw a slight increase; Tesla fell more than 3% and briefly exceeded 6% during trading. SAP, a German enterprise application software provider, removed Tesla from its list of automotive suppliers; META fell more than 3%, Microsoft fell more than 1%, and Netflix and Amazon fell slightly. Est é e Lauder rose over 12%, and the company's second quarter performance exceeded expectations.
Popular Chinese concept stocks fluctuated, with the Nasdaq China Golden Dragon Index rising 0.20%. Alibaba rose more than 3%, JD.com and Tencent Music rose more than 2%, NetEase rose more than 1%, and Baidu and Vipshop rose slightly. Xiaopeng Automobile and Man Bang fell more than 3%, Pinduoduo fell more than 2%, Ideal Automobile and Weibo fell more than 1%, and Futu Holdings fell slightly.
Global News

2024 will be the "Year of Gold and Silver" UBS: Gold prices will continue to rise by over 7% this year
UBS pointed out in its latest report that gold and silver prices are expected to further climb in 2024 due to its expectation that the Federal Reserve will start cutting interest rates. UBS precious metals strategist Joni Teves said, "We expect the Federal Reserve's shift towards loose policy to push up gold prices. In addition, this is accompanied by a weakening of the US dollar." He expects gold prices to reach $2200 per ounce by the end of this year.
Federal Reserve Chairman Powell: Will Persist in Cautiously Promoting Interest Rate Reductions or Lag Behind Market Expectations
Federal Reserve Chairman Powell vowed in an interview broadcasted on Sunday (4th local time) that the Federal Reserve will cautiously push for interest rate cuts this year, which may be much slower than market expectations.
Why the IMF Raises Global Economic Growth Expectations
The International Monetary Fund recently raised its global economic growth forecast for 2024. This is partly due to the resilience of growth in major economies such as China, and partly due to the faster than expected decline in global inflation. Looking ahead, the world economy seems to be heading towards a "soft landing", but there are still characteristics of slow and unbalanced recovery.
Company News
The nearly $10 billion profit of the "Big Four" in technology comes from here: reduced equipment depreciation costs
Currently, large US technology companies are reconsidering how to calculate the expected service life of their equipment in order to reduce depreciation costs; Over the past two years, through these accounting changes, Microsoft, Google, Meta, and Amazon have added nearly $10 billion in profits to their books; Meanwhile, these companies have expanded their expected capital expenditures in the fields of cloud and artificial intelligence in recent years.
Wearing an Apple headset to chat with GPT, OpenAI has also launched the Vision Pro adaptation application
On February 2nd local time, on the day Vision Pro was released, the emerging artificial intelligence (AI) giant OpenAI announced that its chatbot ChatGPT had officially landed on Apple's Vision Pro, becoming one of the first applications developed by visionOS. Users can download the application from the visionOS app store. According to the demonstration, the display effect of this application in visionOS is not significantly different from the iPad version, nor does it provide any additional features for visionOS.
US media reports that Tesla directors are forced to use drugs with Musk, otherwise they will lose social capital
On February 3rd local time, foreign media reported that among several current and former directors of Tesla and SpaceX, Tesla CEO Elon Musk's use of illegal drugs is well-known, and some directors also use drugs with him. According to insiders cited in the report, Musk has also created peer pressure among his business partners and friends, encouraging them to use illegal drugs. Some friends and directors believe that they must take illegal drugs together with Musk, otherwise they may "lose social capital in Musk's circle.".
Douyu and Huya will merge? Douyu's response: It is not true that there is business cooperation but no merger plan
On February 5th, in response to rumors of a merger, the person in charge of Douyu exclusively responded to reporters, stating that Douyu and Huya have business cooperation, but there is no merger plan, and external rumors are not true.
JD: Over 20000 frontline customer service staff with an average salary increase of over 30%
On February 5th, JD Group announced that starting from February 1st, 2024, more than 20000 JD frontline customer service employees will achieve an average annual salary increase of over 30%.