GuShiio.com ① The S & P 500 index rose 1%, and the Nasdaq index rose 1.5%;
② Large technology stocks collectively rose, with Nvidia rising more than 3%;
③ Chinese stocks rose and fell differently, with the Nasdaq China Golden Dragon Index rising 1.20%;
④ Apple is said to continue to cooperate with Baidu to develop AI functions for China iPhone users to spread risks.
Cailian News, February 14 (Editor Xia Junxiong)On Thursday, US Eastern Time, market sentiment picked up significantly. The three major indices collectively closed up, with the S & P 500 index rising 1% and the Nasdaq index rising 1.5%.
(Minute charts of the three major indexes, source: TradingView)
At the close, the Dow Jones index rose 0.77% to 44,711.43 points; the S & P 500 index rose 1.04% to 6,115.07 points; and the Nasdaq index rose 1.50% to 19,945.64 points.
U.S. President Trump signed a presidential memorandum on Thursday proposing reciprocal tariffs, but did not implement them immediately, easing concerns among some investors. U.S. Commerce Secretary nominee Lutnik predicts that the new tariffs will be implemented on April 2.
Data released before Thursday showed that the U.S. PPI increased by 0.4% month-on-month in January, higher than market expectations of 0.3%; core PPI excluding food and energy rose by 0.3%, in line with expectations.
Although the latest PPI data is still generally high, the increase in categories related to PCE data is more moderate. The PCE price index is an inflation indicator closely watched by the Federal Reserve.
The 10-year U.S. bond yield fell after the data was released, falling back below 4.55%, jumping higher in the previous trading day due to higher January CPI data.
However, some investors remain concerned that continued price pressures and Trump’s aggressive tariff policies could fuel inflation.
“Current inflation data is above trend and tariffs have not really been fully implemented,” said Charlie Ripley, senior investment strategist at Allianz Investment Management. “I think the Fed is right to be cautious about cutting interest rates.”
Nvidia rose more than 3%, after HP launched its first solution using Nvidia’s Blackwell chips.
Apple shares rose about 2%, after Apple CEO Tim Cook posted on social media X that he was “ready to welcome the newest member of the family” on February 19, hinting that at least one new product would be released that day.
Tesla rose more than 5%, after media reports that Trump planned to purchase Musk’s “armored” tram for US$400 million, and the U.S. State Department subsequently deleted relevant information.
Meta recorded 19 consecutive gains on the daily line, its share price continued to hit new highs, with a total market value of US$1.85 trillion.
Performance of hot stocks
Large technology stocks collectively rose, with Apple up 1.97%, Microsoft up 0.37%, Nvidia up 3.16%, Google up 1.38%, Amazon up 0.63%, Meta up 0.44%, Tesla up 5.77%, and Intel up 7.34%.
company news
[Apple reportedly continues to cooperate with Baidu to develop AI functions for China iPhone users to spread risks]
According to media quoted sources, despite establishing a cooperative relationship with Alibaba, Apple continues to cooperate with Baidu to develop artificial intelligence (AI) functions for China iPhone users.
It is reported that Baidu is developing an AI search function that can process pictures and text, and is upgrading the Chinese version of Siri’s voice assistant. These functions are part of the “Apple Intelligence” suite.
[U.S. Secretary of Transportation: Boeing CEO has been asked to come to Washington DC as soon as possible to resolve the problem]
U.S. Transportation Secretary Sean Duffy posted on social media X that he had asked Boeing’s CEO to come to Washington, D.C. as soon as possible to “fully explain the steps the company is taking to address quality and safety issues.” Duffy said he would then travel to Boeing to “personally” evaluate the measures being implemented to ensure the company’s aircraft meet the highest safety standards.
[Coinbase’s total revenue in the fourth quarter of US$2.27 billion was higher than market expectations]
Coinbase’s total revenue for the fourth quarter was US$2.27 billion, and analysts expected US$1.87 billion.
[Hertz’s 2024 net loss expanded 38% year-on-year to US$479 million]
Hertz Global Holdings released its fourth quarter and full-year results for 2024. Revenue in the fourth quarter of 2024 was US$2.040 billion, a year-on-year decrease of 7%;GAAP net loss was US$479 million, a year-on-year increase of 38%. In 2024, revenue for the whole year was US$9.049 billion, compared with US$9.371 billion in the same period last year;GAAP net loss was US$2.862 billion, and net profit for the same period last year was US$616 million. Hertz said the plan to cut 30,000 electric vehicles announced in 2023 has been completed.
[Vietnam electric vehicle manufacturer VinFast delivered 97399 vehicles last year, exceeding expectations, aiming to at least double this year]
Vietnam electric vehicle manufacturer VinFast announced on February 13 that the global preliminary delivery volume in the fourth quarter of 2024 was 53139 vehicles, a month-on-month increase of 143% and a year-on-year increase of 342%; global delivery volume for the whole year of 2024 totaled 97399 vehicles, exceeding the revised delivery forecast of 80,000 vehicles.
VinFast said it aims to at least double global deliveries throughout the year.
