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

【U.S. Stock Indices】

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

【U.S. Treasuries】

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

【Popular U.S. Stocks】

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

【Global Indices】

【China Indices】

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

【China Concept Stocks】

Among popular China concept stocks, Tencent Holdings( Hong Kong stocks) fell 3.96%, Alibaba fell 2.76%, Pinduoduo fell 1.15%, NetEase fell 5.42%, Baidu fell 4.77%, Trip.com fell 5.11%, Li Auto rose 1.88%, XPeng Motors fell 2.22%, and NIO fell 2.53%.

【FX Commodities】

【Global Headlines】

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

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

Probability of the Fed Keeping Rates Unchanged in March Is 90.1%

According to CME “FedWatch”: the probability that the Federal Reserve will cut rates by 25 basis points by March is 9.9%, and the probability of keeping rates unchanged is 90.1%. The probability that the Federal Reserve will cumulatively cut rates by 25 basis points by April is 23.2%, with a 75.1% chance of keeping rates unchanged, and a 1.6% chance of cumulatively cutting rates by 50 basis points. By June, the probability of a cumulative 25 basis point cut is 46.0%. (Cailian Press)

Federal Reserve Announces to Maintain Large Bank Capital Requirements Through 2027

On Wednesday, the Federal Reserve announced that it will not adjust the capital levels of large banks during the 2026 stress test cycle. It is currently considering multiple reforms to this annual test to enhance transparency. Bowman, Vice Chair for Supervision at the Federal Reserve, said that the stress capital buffer requirements for large banks will be adjusted starting in 2027, so that the Federal Reserve will have sufficient time to evaluate potential flaws in its test models when assessing banks’ financial conditions under simulated economic downturn scenarios. Previously, in October last year, the Federal Reserve voted to open its test models to the public for comments, and it will also publish the annual stress scenarios used to test banks. (Cailian Press)

ALPHABET, Google’s Parent Company, Posts $35.93 Billion Q4 Operating Profit; Estimate $36.95 Billion

Google’s parent company ALPHABET reported $35.93 billion in operating profit for the fourth quarter, while the estimate was $36.95 billion.

Meta’s Newly Launched “Avocado Model” Is Its Most Powerful Pre-trained Large Language Model

An internal memo shows that Meta’s newly launched “Avocado Model” is the company’s most powerful pre-trained large language model. (Cailian Press)

Boeing to Provide Landing Gear Replacement Services for More Than 75 Aircraft in Singapore Airlines’ Boeing 737 MAX and 787 Fleets

Boeing will provide landing gear replacement services for more than 75 aircraft in the Boeing 737 MAX and 787 fleets operated by Singapore Airlines Group (SIA Group). (Cailian Press)

Fed’s Wednesday Overnight Reverse Repurchase Agreement (RRP) Usage Reaches $2.414 Billion

The Federal Reserve’s Wednesday overnight reverse repurchase agreement (RRP) usage was $2.414 billion. (Cailian Press)

SpaceX, Allegedly Directed by Elon Musk, Is Reportedly Conducting an IPO Roadshow for Non-U.S. Banks

SpaceX, a company under Elon Musk, is reportedly approaching non-U.S. banks with an IPO roadshow. (Cailian Press)

Microsoft Appoints Hayete Gallot of Google as Its New Head of Security

Microsoft appoints Hayete Gallot of Google as its new head of security. (Cailian Press)

U.S. Treasury Secretary Bessent Says the Fed’s Involvement in Other Areas Would Harm Its Independence

U.S. Treasury Secretary Bessent says the Fed’s involvement in other areas would harm its independence. (Cailian Press)