As of press time, the Dow fell 54.57 points to close at 34934.27 points, down 0.16%,; the NASDAQ fell 15.67 points, or 14,124.09 points, down 0.11%,; and the S&P 500 rose 3.94 points to close at 4475.01 points, up 0.09%.
On the market, star technology stocks rose and fell, with Meta falling more than 2%. On Wednesday (February 16), Facebook's parent company Meta CEO Mark Zuckerberg announced an important personnel appointment on Facebook, and the company's policy director Nick Clegg will take on a more important role, leading all of Facebook's policy affairs. This means that Zuckerberg and Meta COO Shirley Sandberg will reduce their involvement in policy matters in the future.
After hours, Nvidia post-market revenue of $7.64 billion, an estimated $7.42 billion, and fourth-quarter adjusted earnings per share of $1.32, an estimated $1.22 estimate. The company's orders rose 36% to $11.2 billion in the fourth quarter. NVIDIA then fell more than 2% after hours. In terms of the rest of the technology stocks, AMD fell more than 3%, Netflix fell more than 2%, Amazon rose more than 1%, Apple and Microsoft fell slightly, and Tesla rose slightly.
List of leading tech stocks:
List of leading technology stocks:
The following is a summary of key global market information:
Overnight news
Fed Minutes: The pace of rate hikes may be faster than in the last cycle
The minutes of the Fed's January meeting, released on Wednesday, showed that central bankers agreed that there was reason to tighten monetary policy as the impact of high inflation on the economy grew and the employment situation improved markedly, though they also said the decision would still depend on the analysis of the data at each interest rate meeting. Most participants noted that if inflation had not fallen as expected, it would be appropriate for the Commission to cancel easing at a faster pace than currently expected. The implication is that policymakers believe it is possible that the pace of this round of rate hikes will exceed the 2015-2018 cycle.
Meta ushers in a major personnel change: the former Deputy Prime Minister will lead all policy matters
On Wednesday (February 16), Facebook's parent company Meta CEO Mark Zuckerberg announced an important personnel appointment on Facebook, and the company's policy director Nick Clegg will take on a more important role, leading all of Facebook's policy affairs. This means that Zucker Burke and Meta COO Shirley Sandberg will reduce their involvement in policy matters in the future. Nick Clegg, 55, joined Facebook in 2018 as a former politician who served as Deputy Prime Minister of the United Kingdom from 2010 to 2015. After joining Facebook, he also led the company's independent Oversight Board to help make content decisions.
Google plans to introduce a new privacy policy Meta and other social media stocks collectively weakened
On Wednesday, local time, Google announced that the company plans to introduce a new Android user privacy protection system, which also triggered the weakening of the stock prices of companies such as Meta that rely on tracking user data to sell advertisements. By the close, Facebook's parent company Meta and Twitter were down more than 2 percent, and Snap was down more than 3 percent. The only good news on Wednesday for these platforms that rely on targeted advertising for a living is Google's decision to continue using its existing ad system for at least two years, and the bad news is that 85% of smartphones worldwide are using Android.
At the time of the TURMOIL IN THE US STOCK MARKET, the US Department of Justice investigated the short news muddy water and the founder of the citron are listed
The Wall Street Journal on Wednesday, citing people familiar with the matter, is investigating a series of high-profile bears about whether they profited from sharing disruptive short reports in advance and using illegal trading, including Carson Block, founder of Muddy Waters Research. Justice Department investigators have obtained a number of hardware devices, transactions and private chat records aimed at proving widespread collusion between the U.S. stock bears.
Are they all high inflation pots? U.S. retail sales in January rose nearly double the expected value
On Wednesday morning local time, the US Department of Commerce disclosed January retail sales data, although the data itself exceeded expectations, but the main reason is still inflation at a four-decade high. According to the announcement, U.S. retail sales rose 3.8% month-on-month in January, not only far exceeding expectations of 2%, but also the highest since March last year. Since the data itself is not adjusted for inflation, with reference to the 7.5% CPI increase in January, it can be said that price inflation has single-handedly supported the retail sales data in the United States. In addition, the data for December last year was also revised down from -1.9% to -2.5% month-on-month, reducing the base of the increase.
Overview of the outer disc
The three major U.S. stock indexes rose and fell, and the gold and aluminum sectors performed strongly
As of press time, the Dow fell 54.57 points to close at 34934.27 points, down 0.16%,; the NASDAQ fell 15.67 points, or 14,124.09 points, down 0.11%,; and the S&P 500 rose 3.94 points to close at 4475.01 points, up 0.09%. On the disk, gold and aluminum sectors performed strongly, Barrick gold rose more than 7%, Harmony gold, Alcoa rose more than 5%, Century Aluminum, China Aluminum rose more than 4%, Kinros gold rose more than 3%; social media stocks, online education stocks fell in the front, Liulishuo fell more than 6%, Good Future fell more than 4%, Snap fell more than 3%, Meta Platforms, Twitter fell more than 2%, New Oriental fell more than 1%.
Major European stock indexes fell slightly
On Wednesday, European time, the main European stock index fell slightly, as of the close, the British FTSE 100 index closed at 7603.78 points, down 5.14 points, or 0.07% from the previous session; the French CAC40 index closed at 6964.98 points, down 14.99 points, or 0.21% from the previous session; the German DAX30 index closed at 15370.30 points, down 42.41 points, or 0.28% from the previous session.
Hot Chinese stocks are mixed, good futures fall more than 4% Online education stocks fell in the front
On Wednesday, Eastern time, popular Chinese stocks rose and fell, and online education stocks fell the most. Good future fell more than 4%, New Oriental fell more than 1%, NetEase Youdao fell nearly 1%, Gaotu rose slightly, bilibili rose nearly 2%. In terms of other Chinese stocks, Zhihu and Douyu rose more than 2%, Bilibili rose nearly 2%, Yum China and Weibo rose nearly 1%, and Baidu and NetEase rose slightly. Alibaba and Weilai fell nearly 1%, JD.com and Ideal Automobile fell more than 1%, iQiyi and Pinduoduo fell nearly 2%, Xiaopeng Automobile, Qutoutiao fell more than 2%, and Best Group fell more than 4%.
U.S. star technology stocks rose and fell, Meta fell more than 2% to usher in a major personnel adjustment
On Wednesday, EST, star technology stocks rose and fell, with Meta falling more than 2%. On Wednesday (February 16), Facebook's parent company Meta CEO Mark Zuckerberg announced an important personnel appointment on Facebook, and the company's policy director Nick Clegg will take on a more important role, leading all of Facebook's policy affairs. This means that Zuckerberg and Meta COO Shirley Sandberg will reduce their involvement in policy matters in the future. In terms of the rest of the technology stocks, AMD fell more than 3%, Netflix fell more than 2%, Amazon rose more than 1%, Apple and Microsoft fell slightly, and Tesla rose slightly.
(Source: Hafu Information)
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