GuShiio.com ① Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index closing up 6.4%;
② The UK abandons antitrust investigation into the “Microsoft-OpenAI” combination;
③ Google tests new AI search models to deal with complex queries;
④ Intel releases commercial AI PC products, which will be shipped by the end of March.
Financial Union, March 6 (Editor Niu Zhanlin)On Wednesday, major Wall Street stock indexes closed higher amid turmoil as trade tensions between the United States and major trading partners eased.
White House Press Secretary Levitt said on the same day that at the request of industry leaders, the United States would grant a one-month tariff exemption to any car imported through the US-Mexico-Canada Agreement. The news pushed auto stocks up sharply, and the stock index also fluctuated higher.
Fearing the potential catastrophic impact, U.S. automakers are actively seeking to stop or modify Trump’s tariffs. Automakers and experts have warned that this week’s 25 percent tariffs on U.S. neighbors will drive up costs, potentially raising car prices by thousands of dollars almost immediately and paralyzing supply chains.
Wasif Latif, chief investment officer at Sarmaya Partners, said: “We are on a tariff roller coaster, with economic data, the Fed and other things seemingly pushed to the back burner. This is a reminder that these trade policies have long-term effects and markets will respond to them.”
Riskier stocks have sold off in the past few weeks as investors worry that Trump’s trade policies will add to inflationary pressures, slow economic growth and erode corporate profits. Multiple reports show that the economy is cooling.
ADP private employment data released on the same day showed that U.S. private sector employment increased by 77,000 in February, the lowest since August last year. The market had previously expected 140,000.
Bill Strazzullo, chief market strategist at Bell Curve Trading, pointed out: “The long-term trend we are in, which continues to rise from epidemic lows, is basically over, and Trump’s policies, whether they are tariffs, deportations or extended tax cuts, will damage the economy or cause inflation.”
Phoebe Venables, president and CEO of CapWealth, believes that as long as the White House’s trade policy remains unpredictable, investors must be prepared for market fluctuations.
market dynamics
At the close, the Dow rose 485.60 points, or 1.14% to 43,006.59 points; the Nasdaq rose 267.57 points, or 1.46% to 18,552.73 points; the S & P 500 Index rose 64.48 points, or 1.12% to 5,842.63 points.
Most U.S. stock industry ETFs rose. The global aviation industry ETF closed up 3.68%, the semiconductor ETF rose 1.85%, the biotechnology index ETF, the Internet stocks index ETF, the global technology stocks index ETF, the optional consumer ETF, the technology industry ETF, and the medical industry ETF rose 1.81%-1.01%, the utility ETF fell 0.7%, and the energy industry ETF fell 1.46%.
Most of the 11 sectors in the S & P 500 index rose, with the raw materials sector rising 2.63%, the industrial sector rising 1.59%, the financial sector rising 0.62%, and the real estate sector rising 1.1%.
Performance of hot stocks
Large technology stocks generally rose, with Microsoft closing up 3.19%, Tesla rising 2.6%, Meta rising 2.57%, Amazon rising 2.24%, Google A rising 1.23%, Nvidia rising 1.13%, and Apple closing down 0.08%.
Novo Nordisk gained 3.8%, as it launched its “NovoCare” pharmacy, which provides patients with convenient direct door-to-door delivery for just $499 a month.
Huntington Ingalls shares rose 12.3%, after Trump said he would set up a shipbuilding office in the White House and provide tax benefits.
Chinese stocks generally rose. The Nasdaq China Golden Dragon Index closed up 6.4%, setting a new closing high since October last year. Alibaba rose nearly 8.6%, Jingdong rose 6.8%, Mangang rose 13.8%, Dianduo rose 6%, and Baidu and Beili rose more than 5%.
company news
[Britain abandons antitrust investigation into the “Microsoft-OpenAI” combination]
On Wednesday local time, British antitrust regulators said that Microsoft’s $13 billion investment in OpenAI did not lead to “gaining control” and there were no problems that could hinder competition in the industry, so no subsequent intervention measures would be taken. CMA said in a statement: “CMA found that although Microsoft had had a significant impact on OpenAI in 2019, Microsoft has not changed or gained control of OpenAI.” Joel Bamford, CMA’s executive director for mergers and acquisitions, pointed out that the complexity of the two companies ‘cooperation, the ever-changing relationship and continuous communication with the company have resulted in an “unusually long review period.”
[Google tests new AI search model to deal with complex queries]
Google will begin testing a new artificial intelligence search model that allows users to ask questions that consist of multiple parts. Robby Stein, vice president of search products at Google, said the new feature, called “AI Mode”, can run multiple related searches simultaneously in the background, guess which subtopics users will be interested in next, and then give a comprehensive answer that summarizes multiple questions. This feature will run in a separate tab and is suitable for handling more complex queries. Early testing showed that query times in AI Mode were twice as long as normal searches. Stein said the feature allows users to access information on the web and all of Google’s new information systems. AI Mode can process text, pictures and videos and runs on Google’s latest flagship AI model, Gemini 2.0. AI Mode will first be available to users who pay for a Google artificial intelligence subscription plan.
[Intel announces that commercial AI PC products will be shipped at the end of March]
At the 2025 Mobile World Congress, Intel released a commercial AI PC product lineup equipped with Intel ® Core ™ Ultra 200V, 200U, 200H, 200HX and 200S series processors. Among them, systems equipped with Intel ® Core ™Ultra 200U, 200H, 200HX and 200S series processors will be shipped by the end of March 2025. Intel vPro Fleet Services is currently in preview stage and is expected to be officially launched in the next few weeks.
[Apple’s new Mac Studio comes with up to 512GB of memory]
Apple launched its new Mac Studio on Wednesday, with a maximum configuration upgrade to 512GB of unified memory, an Apple M3 Ultra (32+80+32 core) processor, and a 16TB solid state drive. More than 256GB of unified memory in the new configuration helps users run huge AI tasks natively. The new product will be released on March 12.
