Global News | U.S. stock market's three major indices fluctuate, Google's parent company ALPHABET's Q4 operating profit falls short of expectations

【U.S. Stock Indices】

On Wednesday, February 4th, Eastern Time, the three major U.S. stock indices fluctuated. The S&P 500 fell 0.51% to 6,882.72; the Dow Jones rose 0.53% to 49,501.30; the Nasdaq declined 1.51% to 22,904.58.

【U.S. Treasury Bonds】

On February 4th, the benchmark 10-year U.S. Treasury yield was 4.29%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.57%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia dropped 3.41%, Apple rose 2.60%, Google C fell 2.16%, Google A declined 1.96%, Microsoft increased 0.73%, Amazon fell 2.36%, Meta dropped 3.28%, TSMC declined 3.00%, Tesla fell 3.78%, Super Micro Semiconductor dropped 17.31%, and Intel decreased 1.32%.

【Global Indices】

【China Indices】

On February 4th, the overnight Hang Seng Tech Index futures fell 1.81%, the Nasdaq China Golden Dragon Index declined 1.95%, and the FTSE China A50 Index rose 1.13%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 3.96%, Alibaba dropped 2.76%, Pinduoduo declined 1.15%, NetEase fell 5.42%, Baidu decreased 4.77%, Ctrip dropped 5.11%, Li Auto rose 1.88%, Xpeng Motors declined 2.22%, and NIO fell 2.53%.

【Forex and Commodities】

【Global News】

CIENA Expected to Be Included in the S&P 500 Index

CIENA is expected to be included in the S&P 500 Index. (Cailian Press)

Probability of the Federal Reserve Holding Rates Steady in March Is 90.1%

According to CME “FedWatch”: the probability of the Federal Reserve cutting rates by 25 basis points by March is 9.9%, and the probability of holding rates steady is 90.1%. The chance of a cumulative 25 basis point cut by April is 23.2%, with a 75.1% chance of no change, and a 1.6% chance of a 50 basis point cut. By June, the probability of a cumulative 25 basis point cut is 46.0%. (Cailian Press)

Federal Reserve Announces No Changes to Large Bank Capital Requirements Until 2027

The Federal Reserve announced on Wednesday that large banks’ capital levels will not be adjusted during the 2026 stress test cycle. The Fed is considering reforms to increase transparency for this annual test. Vice Chair for Supervision Michael Barr stated that the large bank stress capital buffer requirements will be delayed until 2027 to allow sufficient time to evaluate potential flaws in the testing models under recession scenarios. Previously, in October last year, the Fed voted to open its testing models to the public for feedback and to publish annual stress scenarios used to evaluate banks. (Cailian Press)

Google Parent Alphabet Reports Q4 Operating Profit of $35.93 Billion, Estimated $36.95 Billion

Alphabet reported a Q4 operating profit of $35.93 billion, compared to an estimate of $36.95 billion.

Meta Launches “Avocado Model,” Its Most Powerful Pre-trained Large Language Model

An internal memo shows that Meta’s new “Avocado Model” is its most capable pre-trained large language model. (Cailian Press)

Boeing to Provide Landing Gear Replacement Services for Over 75 Aircraft in Singapore Airlines Fleet

Boeing will provide landing gear replacement services for over 75 aircraft in Singapore Airlines Group’s Boeing 737 MAX and 787 fleets. (Cailian Press)

Federal Reserve’s Overnight Reverse Repurchase Agreement (RRP) Usage Reaches $2.414 Billion

The Fed’s overnight RRP usage on Wednesday was $2.414 billion. (Cailian Press)

Elon Musk’s SpaceX Allegedly Conducts IPO Roadshow for Non-U.S. Banks

SpaceX, founded by Elon Musk, is reportedly conducting an IPO roadshow targeting non-U.S. banks. (Cailian Press)

Microsoft Appoints Google’s Hayete Gallot as New Head of Security

Microsoft has appointed Hayete Gallot from Google as its new Chief Security Officer. (Cailian Press)

U.S. Treasury Secretary Yellen Says Fed Involvement in Other Areas Would Harm Its Independence

U.S. Treasury Secretary Janet Yellen stated that Fed involvement in other areas could undermine its independence. (Cailian Press)