GuShiio.com ① Most popular Chinese stocks closed higher, with the Nasdaq China Golden Dragon Index rising 0.47%;
② Apple’s personalized Siri voice assistant will be postponed until 2026;
③ Microsoft is developing an internal artificial intelligence reasoning model;
④ Tesla erased its post-election gains on Friday and headed towards a record seven-week losing streak.
Financial Union, March 8 (Editor Niu Zhanlin)On Friday, the three major U.S. stock indexes rebounded and closed up. Federal Reserve Chairman Powell reassured the market, saying that the U.S. economy was “in good shape,” but uncertainty about U.S. trade policy caused U.S. stocks to record their largest weekly decline in months.
Powell said in a speech on the same day that Federal Reserve officials are paying attention to the impact of the Trump administration’s policies, but he remains relatively optimistic about the current economic situation. “Despite the high level of uncertainty, the U.S. economy is still in good shape. The job market is solid and inflation is close to our long-term target of 2%.”
Regarding monetary policy, Powell pointed out that the Trump administration’s series of policies have increased uncertainty in the economic outlook, but there is currently no rush to lower interest rates and can wait for the policy impact to be further clarified.
Just one day after giving Canada a one-month tariff grace period, Trump also said that new tariffs would be imposed on Canadian wood and dairy products as early as Friday, including a 250% equivalent tariff on dairy products.
Markets have been turbulent this week under Trump’s same-cake tariff policy. The S & P 500 index hit its largest weekly decline since September last year and fell for the third consecutive week.
Jamie Cox, managing partner of Harris Financial Group, said that Powell shares the same sentiments as other investors. Although the government’s adjustments may work and improve the fiscal situation, the speed and seesaw nature of the changes make it difficult to predict and plan, which is disturbing. Therefore, in the current situation, the best thing to do is to sit back and wait.
Glen Smith, chief investment officer at GDS Wealth Management, said: “Markets don’t like uncertainty. While we expect the market to find a foothold and recover from the tariff-driven sell-off, investors should be prepared for continued volatility until then.”
Data released earlier showed that the U.S. non-farm employment increased by 151,000 after the seasonal adjustment in February, lower than the market expectation of 160,000. However, the recent large number of federal employee layoffs is not reflected in the data.
The U.S. unemployment rate rose to 4.1% in February, fueling concerns about economic resilience. Morgan Stanley and Goldman Sachs lowered their growth forecasts for the U.S. economy.
According to Renaissance Macro Research, the U.S. labor market is continuing to cool, and this trend may not stop if the Fed does not take action. “Unless the Fed takes steps to boost demand, we will not see the end of this trend.”
Kenny Polkari of SlateStone Wealth said: “The only thing that is certain at the moment is the volatility of the market. Investors should understand this and be prepared to respond. So make sure your portfolio is diversified enough to handle this volatility.”
market dynamics
At the close, the Dow rose 222.64 points, or 0.52% to 42,801.72 points; the Nasdaq rose 126.97 points, or 0.70% to 18,196.22 points; the S & P 500 Index rose 31.68 points, or 0.55% to 5,770.20 points.
Most industry ETFs in U.S. stocks rose. Semiconductor ETFs closed up 2.42%, energy ETFs rose 1.71%, global technology stock index ETFs and technology industry ETFs rose at least 1.4%, optional consumer ETFs and Internet stock index ETFs closed down. About 0.2%, financial industry ETFs fell 0.53%, and global aviation industry ETFs fell 0.99%.
Eleven sectors in the S & P 500 index were mixed, with energy up 0.5%, industrial sector up 1.2%, optional consumption sector down 0.3%, and utilities down 0.25%.
Performance of hot stocks
Large technology stocks were mixed, with Nvidia up 1.92%, Apple up 1.59%, Google A up 0.88%, Tesla closed down 0.3%, Meta down 0.36%, Amazon down 0.72%, and Microsoft down 0.9%.
Broadcom surged 8.6%. The company’s first-quarter results and second-quarter revenue guidance both exceeded expectations, and AI semiconductor revenue in the second quarter is expected to reach US$4.4 billion.
HPE fell 12%, after it said its annual profits were expected to be affected by U.S. tariffs.
U.S. stocks on cryptocurrency concepts generally rose, with Bit Origin up 120%, MARA Holdings up 6%, and Coinbase up 1.5%.
Most popular Chinese stocks closed higher, with the Nasdaq China Golden Dragon Index rising 0.47%, and rising 4.93% this week. Beili Beili increased by more than 8%, Xiaopeng Automobile increased by more than 6%, Nilai and Ideal Automobile increased by more than 5%, and Krypton increased by more than 4%.
company news
[Apple’s personalized Siri voice assistant will be postponed until 2026]
On Friday local time, U.S. technology giant Apple confirmed that it will delay the release of its new generation of artificial intelligence voice assistant Siri, which is expected to be launched sometime “next year.” Apple said in a statement that the new personalized Siri can access users ‘personal data, such as emails, messages, files and photos, to better understand user needs and help complete tasks, but implementing these features takes longer than expected. Apple did not give a reason for the delay. The iPhone maker has previously said the features will be available in 2025.
[Microsoft is developing an internal artificial intelligence inference model and may sell it to developers]
Microsoft is developing an internal AI inference model to compete with OpenAI and may sell it to developers. Microsoft has begun testing models of XAI, META and DEEPSEEK as potential OPENAI alternatives in Copilot.
[Tesla’s share price has fallen every week since Musk moved to Washington]
In the weeks after Trump won the election, investors poured more than $700 billion into Tesla shares, betting that Musk’s relationship with Trump and his increasingly prominent political status would pay off for the company. But just four months later, the bet turned into one of the stock market’s biggest defeats, as Tesla erased its post-election gains on Friday and headed towards a record seven-week losing streak. This week, several Wall Street investment banks, including Goldman Sachs and Bank of America, lowered their price targets for Tesla.
