On February 23rd local time, the three major US stock indexes closed with mixed gains and losses, while the Dow Jones and S&P 500 continued to hit new highs. As of the close, the Dow Jones Industrial Average rose 0.16%, the S&P 500 Index rose 0.03%, and the Nasdaq fell 0.28%. This week, the Dow Jones Industrial Average has risen 1.30%, the S&P 500 has risen 1.66%, and the Nasdaq has risen 1.40%.
Most large technology stocks fell, while Nvidia rose and fell. At the beginning of the trading day, it rose nearly 5%, but then turned lower during the trading day. As of the close, it rose 0.36%, setting a new historical high for its stock price. Its total market value once exceeded $2 trillion. On the previous trading day, Nvidia surged by over 16%. Nvidia has risen by over 8.5% this week, marking the seventh consecutive week of gains.
The lunar lander developed by Intuitive Machines, a US space exploration company, successfully landed on the moon, causing its stock price to soar during the day, rising over 40% at one point, with a closing increase of 15.82%. However, the company's stock price plummeted by 34% after market hours. According to media reports, the company reported that its previously successfully launched lunar probe may have "overturned", but emphasized that its solar cell system is still operating well.
The Dow Jones and S&P 500 continue to reach new highs
On February 23rd local time, the three major US stock indexes closed with mixed gains and losses, while the Dow Jones and S&P 500 continued to hit new highs. As of the close, the Dow Jones Industrial Average was at 39131.53 points, up 0.16%; The S&P 500 index closed at 5088.8 points, up 0.03%; The Nasdaq closed at 15996.82 points, a decrease of 0.28%.
This week, the Dow Jones Industrial Average has risen 1.30%, the S&P 500 has risen 1.66%, and the Nasdaq has risen 1.40%.
The outlook for the Federal Reserve's monetary policy remains a market focus. The Federal Reserve's Williams said on Friday, "It's possible to cut interest rates later this year, and raising rates is not my basic situation. If inflation stagnates, I will have to rethink the outlook."
Federal Reserve Governor Waller said after hours on Thursday that the surge in consumer prices in January requires careful decision-making on when to start cutting interest rates, although he still expects to start cutting rates later this year. He also stated that before deciding how to proceed, it is necessary to see inflation data for at least a few more months before making a decision.
Economists from Goldman Sachs Group said on Thursday that they now expect the Federal Reserve to cut interest rates for the first time in June, and expect four 25 basis point rate cuts this year.
Prior to this, Goldman Sachs expected its first interest rate cut to be in May, with five cuts. Goldman Sachs economist Jan Hatzius recently wrote in a report that four interest rate cuts were made in June, July, September, and December, respectively, and the expected final interest rate remained unchanged at 3.25% -3.5%.
Jan Hatzius also pointed out that there are two main changes in the Federal Reserve's thinking. Firstly, with the strengthening of US economic data, officials are no longer as concerned about maintaining excessively high interest rates for the long term as before, and believe that the biggest risk brought by past interest rate hikes has passed, so the current interest rate cut is no longer as urgent. Secondly, Federal Reserve officials hope to have more concrete evidence that the inflation rate will approach the target value of 2% before interest rate cuts.
Nvidia's market value briefly exceeded $2 trillion, and investment banks raised their target price to $1000
In terms of sectors, the eleven major sectors of the S&P 500 index rose seven times and fell four times. The utility sector and materials sector led the gains with gains of 0.71% and 0.58% respectively, while the energy sector and non essential consumer goods sector led the decline with losses of 0.58% and 0.34%, respectively.
Most large technology stocks fell, with AMD and Tesla falling nearly 3%, Apple falling 1%, and Microsoft, Google A, Facebook parent companies Meta, and Netflix falling slightly; Nvidia, Amazon, and Intel saw slight gains.
Nvidia rose and fell, rising nearly 5% at the beginning of the trading day and then turning lower during the trading day. As of the close, it rose 0.36% and its stock price reached a historic high, with a total market value exceeding $2 trillion. From $1 trillion to $2 trillion, Nvidia only took eight months, setting a new record. It took Microsoft 2 years and 6 months to go from $1 trillion to $2 trillion, and Apple also took about two years.
On the previous trading day, Nvidia surged by over 16%, with a daily increase of $277 billion in market value. Nvidia has risen by over 8.5% this week, marking the seventh consecutive week of gains. The post market financial report released on Wednesday showed that Nvidia's fourth quarter revenue was $22.1 billion, a 22% month on month increase and a 265% year-on-year increase, benefiting from the surge in demand for server AI chips; The net profit was 12.285 billion US dollars, a year-on-year increase of 769%. Due to its impressive performance, international investment banks have raised their target prices one after another. Among them, Dan Ives, a senior stock analyst at Wade Bush, said that the party of artificial intelligence (AI) has just begun, and Nvidia's stock price may reach four digits. Bernstein also raised Nvidia's target price from $700 to $1000.
Tesla plummeted by 2.76%. According to the news, Tesla Motors (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. recently filed a recall plan with the State Administration for Market Regulation in accordance with the requirements of the Regulations on the Management of Defective Automotive Product Recalls and the Implementation Measures of the Regulations on the Management of Defective Automotive Product Recalls. Starting from today, a total of 1071 imported Model S and Model X electric vehicles with production dates between January 27, 2023 and January 7, 2024 will be recalled; A total of 7629 domestically produced Model 3 electric vehicles were produced between September 12, 2023 and January 12, 2024. Due to software issues, some vehicles within the scope of this recall have unstable communication with the integrated circuit of the rear camera, which may cause the reverse image to be unable to be displayed, thereby affecting the driver's field of view when reversing and increasing the risk of vehicle collisions, posing a safety hazard.
Popular Chinese concept stocks have fluctuated, with Tuniu up 15.75%, TAL Future up over 6%, Ctrip up nearly 6%, New Oriental and Vipshop up over 1%, and Yum China, Baidu, Shell and others slightly rising; NIO fell more than 7%, Xiaopeng Motors fell more than 5%, Pinduoduo fell nearly 3%, iQiyi and Bilibili fell more than 2%, while Ideal Automobile, JD.com, Alibaba and others saw a slight decline.
Intuitive machine stock prices ride a "roller coaster"
The lunar lander developed by Intuitive Machines, a US space exploration company, successfully landed on the moon, causing its stock price to soar during the day, rising over 40% at one point, with a closing increase of 15.82%. However, the company's stock price plummeted by 34% after market hours. On the news side, according to media reports, the company reported that its previously successfully launched lunar probe may have "overturned", but emphasized that its solar cell system is still operating well.
According to Xinhua News Agency, the moon lander "Odysseus" developed by American private company "Intuition Machine" landed on the moon on the 22nd Eastern Time. This is the first time a US spacecraft has landed on the moon after more than 50 years.
NASA confirmed that Odysseus landed on the moon at 18:23 Eastern Time on the 22nd (7:23 Beijing Time on the 23rd). Odysseus carried various scientific instruments and commercial payloads from NASA. NASA stated that these instruments will help prepare for future human exploration of the moon.
This is the first time a US spacecraft has landed on the moon since the end of the Apollo 17 mission in 1972, and it is also the first time a private enterprise has completed this mission.
On the 15th of this month, Odysseus was launched from the Kennedy Space Center in Florida aboard the Falcon 9 rocket of the American Space Exploration Technology Corporation. The Odysseus lander is a hexagonal cylinder, 4 meters high and 1.57 meters wide, with 6 landing legs. According to NASA, the objectives of this mission include studying the interaction between the engine plume of the lander and the lunar surface, radio astronomy, the interaction between space weather and the lunar surface, precise landing technology of the lander, and communication and navigation capabilities.
The US government announced the Artemis lunar landing program in 2019, initially planning to send American astronauts back to the moon before 2024. However, due to budget constraints and other reasons, it was announced that the planned time for American astronauts to return to the moon has been postponed.
Intuition Machine is one of the lunar lander contractors under NASA's Lunar Commercial Launch Service Program. The plan aims to transport scientific experimental equipment and goods to the surface of the moon, laying the foundation for the Artemis lunar landing program.