GuShiio.com ① The three major indices collectively closed up, with the Nasdaq index rising about 1%;
② The Nasdaq China Golden Dragon Index rose 2.61%, setting a closing high in four months;
③ Chip stocks generally rose, with Nvidia rising nearly 3%.
Cailian News, February 11 (Editor Xia Junxiong)On Monday, U.S. Eastern Time, investors basically ignored U.S. President Trump’s latest tariff threat. The three major indices collectively closed higher, with the Nasdaq index rising about 1%.
(Minute charts of the three major indexes, source: TradingView)
At the close, the Dow Jones index rose 0.38% to 44,470.41 points; the S & P 500 index rose 0.67% to 6,066.44 points; and the Nasdaq index rose 0.98% to 19,714.27 points.
Trump said on Sunday that he planned to announce a unified 25 percent tariff on all steel and aluminum imports on Monday, but did not specify when it would take effect. He also threatened to impose retaliatory tariffs on countries that tax U.S. goods.
However, as Trump has wavered in recent weeks on tariffs in Canada, Mexico and Colombia, many investors believe he is simply using tariffs as a negotiating tool.
Christopher Smart, managing partner of geopolitical risk consulting firm Arbroath Group, commented: “The more the president talks about tariffs without actually implementing them, or the final impact is not as severe as expected, the less the market will take these remarks seriously.”
Market sentiment improved after being hit hard at the end of January by the rise of China AI startup DeepSeek. Chip stocks generally rose, with Nvidia rising nearly 3%, Broadcom and Micron Technology rising 4.5% and 3.9% respectively.
Performance of hot stocks
Large technology stocks generally rose, with Apple up 0.12%, Microsoft up 0.60%, Nvidia up 2.87%, Google up 0.61%, Amazon up 1.74%, Meta up 0.40%, and Tesla down 3.01%.
Most popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index rising 2.61%, setting a closing high in four months.
Alibaba rose 7.55%, Jingdong rose 4.98%, Pendmore rose 1.81%, NIO Automobile rose 2.12%, Xiaopeng Automobile fell 1.65%, Ideal Automobile rose 1.35%, Beili Beili fell 0.92%, Baidu rose 5.07%, Netease rose 0.73%, Tencent Music fell 0.56%, and iQiyi rose 0.84%.
company news
[French regulators are reported to be investigating Microsoft, focusing on potential monopoly issues of Bing]
People familiar with the matter said French antitrust authorities are investigating Microsoft to see whether the latter unfairly imposed poor quality search results on small search engines that rely on Bing technology.
An investigation by French regulators could lead to formal charges and fines against Microsoft in the future.
[Merck is reported to plan to acquire SpringWorks, a US cancer and rare disease drugmaker]
People familiar with the matter said Merck is in in-depth talks to acquire SpringWorks Therapeutics, a U.S. cancer and rare disease drugmaker, and an agreement is expected to be signed in the next few weeks. SpringWorks has a market value of approximately $3.4 billion.
[Online ride-hailing company Lyft may launch self-driving taxis in the United States as soon as next year]
It is reported that online ride-hailing company Lyft plans to launch self-driving taxis in Dallas, USA as early as next year, supported by Israeli automotive technology company Mobileye, and will subsequently enter more markets.
Boosted by this, Mobileye closed up nearly 12%.
[McDonald’s net profit in 2024 is US$8.223 billion, a year-on-year decrease of 3%]
On February 10, McDonald’s released its fourth quarter and full-year results for 2024. Revenue for the fourth quarter of 2024 was US$6.388 billion, compared with US$6.406 billion in the same period last year; net profit was US$2.017 billion, compared with US$2.039 billion in the same period last year. For the full year of 2024, revenue was US$25.920 billion, a year-on-year increase of 2%; net profit was US$8.223 billion, a year-on-year decrease of 3%.
Boosted by earnings, McDonald’s closed up 4.8%.
[TD Bank plans to sell all equity investment in Schwab Financial]
Toronto TD Bank issued a statement on February 10 saying that it plans to withdraw its equity investment in Schwab through a secondary share offering.
TD Bank will sell 184.7 million shares of Schwab common stock, representing 10.1% economic ownership. Schwab has agreed to repurchase US$1.5 billion in shares from TD Bank.
TD Bank said it plans to use C$8 billion of the proceeds to repurchase shares, with the remaining funds invested in the company’s business.
