On Friday Eastern Time, the three major US stock indexes collectively closed lower. As of the close, the Dow Jones Industrial Average fell 0.49%, the Nasdaq fell 0.96%, and the S&P 500 index fell 0.65%. This week, the Dow Jones Industrial Average has fallen 0.02%, the Nasdaq has fallen 0.70%, and the S&P 500 index has fallen 0.13%.
Large tech stocks generally fell, with Amazon and Microsoft falling more than 2%, Meta, Google, and Netflix falling more than 1%, and Apple slightly falling. In terms of chip stocks, Microelectronics fell more than 5%, ARM and STMicroelectronics fell more than 3%, Ansemy Semiconductor, Asma, and Broadcom fell more than 2%, and Nvidia fell slightly; AMD rose over 2%, while Micron Technology rose nearly 2%. Adobe fell more than 13%, with the company's first quarter revenue and profit exceeding expectations, but its second quarter performance guidance fell short of expectations.
Popular Chinese concept stocks have fluctuated, with the Nasdaq China Golden Dragon Index falling 0.41% and a cumulative increase of 3.83% this week. Weibo rose by over 4%, Xiaopeng Motors and Ideal Motors rose by over 2%, JD.com and Bilibili rose by over 1%, and Pinduoduo and Alibaba saw a slight increase. Futu Holdings fell more than 3%, Manbang fell more than 2%, Tencent Music fell more than 1%, and Baidu, NetEase, and Vipshop saw a slight decline.
In other markets, Bitcoin briefly fell below $66000.
Global News
The first US stock market "Four Witches Day" in 2024: Nvidia bears the brunt of over $5 trillion contract expiration
With the hot inflation data this week, it has continued to raise concerns on Wall Street about the possibility of the Federal Reserve delaying interest rate cuts. The trend of the US stock market in the past two trading days has also become quite bumpy. And tonight, American stock investors will undoubtedly face another crucial test - the first "Four Witches Day" of 2024! The "Siwu Day" is a quarterly expiration date for financial derivatives in the US stock market, which occurs on the third Friday of March, June, September, and December each year. On this day, stock index futures, stock index options, individual stock futures, and individual stock options expire simultaneously. During this period, due to investors often being eager to close their positions, trading volume may sharply increase, and US stock and derivative prices may also experience significant fluctuations as a result.
Excuse me? The expectation of the Federal Reserve's interest rate cut is hit hard again by the PPI, and US bond yields are soaring towards a year high
The yield of US treasury bond bonds further climbed on Thursday. The US February PPI announced overnight exceeded expectations again, which continued the hot trend of CPI data earlier this week, and further increased the uncertainty of whether the Federal Reserve will cut interest rates in the first half of the year as widely expected by the market. Market data shows that the overnight yield of US Treasury bonds with different maturities not only rose for the fourth consecutive trading day, but also increased significantly. Among them, the 10-year US Treasury bond yield, known as the "anchor of global asset pricing," achieved its largest daily increase since mid February, and the yield is also approaching a high for the year.
Bitcoin staged a "high platform diving" and once fell below the 67000 mark! Over 5 billion yuan of funds evaporated in 24 hours across the entire network!
On Friday morning, Bitcoin staged a "high platform dive", falling below the 67000 mark at one point. According to COIN data, a total of 170000 people have sold out in the past 24 hours, and $710 million (approximately 5.1 billion yuan) in funds has evaporated. Since the emergence of Bitcoin, prices have been fluctuating, with skyrocketing and plummeting being almost the norm, and the multiple risks faced by the market cannot be ignored.
Are human programmers really going to lose their jobs? The First "AI Software Engineer" Appears to Ignite the Technology Circle
Cognition, a startup company that has been established for less than two months but has ten talented engineers, has made a big move to ignite the technology industry. They have launched an artificial intelligence (AI) assistant called Devin, which can assist human software engineers in completing many development tasks. Devin is different from other existing AI coders, as it can build websites from scratch, deploy applications on its own, fix vulnerabilities, learn new technologies, etc. Humans only need to play a role of giving instructions and supervision. This is the first truly autonomous AI software engineer, and upon his debut, he caused a huge uproar because people were worried: would human programmers really be unemployed?
Is the situation in the Red Sea escalating again? Husai armed leaders vow to attack more routes: the Indian Ocean cannot enter either!
Yemen's armed leader Abdul Malik al Houthi stated on Thursday (14th) that the organization's actions against passing ships will escalate to prevent ships related to Israel from crossing the Indian Ocean to the Cape of Good Hope. "Our main battle is not only to prevent ships associated with the Israeli enemy from passing through the Arabian Sea, Red Sea, and Gulf of Aden, but also to prevent them from traveling through the Indian Ocean to the Cape of Good Hope. This is an important step, and we have begun to implement actions related to it," Hu said in a televised speech.
Company News
OpenAI Chief Technology Officer: Sora is expected to release plans this year to include voice functionality and these essential features
OpenAI seems to have already warmed up for the birth of Sora. On Wednesday, March 13th local time, Mira Murati, Chief Technology Officer of OpenAI, gave a video interview to The Washington Post. Murati revealed in an interview that the cost of using Sora to generate videos is currently very high, and the team is optimizing the technology, which is expected to be officially released this year. Murati revealed that the OpenAI artificial intelligence cultural and educational video model Sora will be officially released to the public later this year. OpenAI plans to eventually add audio functionality to make the scene more realistic, and will also allow users to edit the video content generated by Sora.
Heavyweight! Google releases a universal AI intelligent agent to "play with" and create a new 3D gaming experience
Recently, Google DeepMind launched SIMA (Scalable Instructable Multiworld Agent), which is scalable, guided, and multi world as the name suggests. It is reported that this is the first universal AI agent that can follow natural language instructions in a wide range of 3D virtual environments and video games, claiming to be able to become a player partner and help with work and chores. However, it is currently in the research stage.
The starship lost its signal when it re-entered the atmosphere. American media: It may have disintegrated! Musk congratulates on achieving significant breakthroughs in test flights
At around 22:27 pm Beijing time, according to the Daily Telegraph of the UK, SpaceX engineers found that during the final stage of re-entry into the atmosphere, the company lost both satellite data and other signals, indicating a sudden malfunction of the spacecraft. Later, according to Reuters, SpaceX stated that the starship almost completed the entire test flight mission during its third test flight, flew further than usual during low orbit cruising, but lost contact during atmospheric re-entry. According to CNN, "Starship" was confirmed to have lost two key communications at the same time: the connection with SpaceX's Internet service Starlink and the connection with TDRSS (tracking and data relay satellite system). The report suggests that the loss of both suggests that the "starship" may have disintegrated.
Fully leverage generative AI? Apple reportedly acquired Canadian AI startup DarwinAI
According to reports, Apple has acquired Canadian artificial intelligence (AI) startup DarwinAI. Apple aims to aggressively enter the field of generative AI this year, acquiring DarwinAI to add new technology to its arsenal. According to insiders, Apple acquired DarwinAI earlier this year, and dozens of DarwinAI employees have joined Apple's AI department. As part of the transaction, Alexander Wong, an AI researcher at the University of Waterloo, has joined Apple as the director of the AI team. Wong is one of the founding members of DarwinAI. Regarding this acquisition deal, Apple told the media that it occasionally acquires smaller technology companies, but did not discuss the details of the deal.
Breaking news! New forces in American car manufacturing are struggling, and Fisk Plan is filing for bankruptcy
In the United States, making cars is not easy either! At a time when the new forces of car making in China are thriving, the new forces of car making in the United States are struggling. The latest news shows that the American electric vehicle startup FSR. US, once known as the "Apple of the automotive industry," plans to file for bankruptcy. Previously, the company issued a warning regarding its ability to continue operating.