On Thursday Eastern Time, the three major US stock indexes fluctuated. As of the close, the Dow Jones Industrial Average rose 0.04%, the Nasdaq rose 0.004%, and the S&P 500 index fell 0.07%. Most large technology stocks rose, with Netflix rising nearly 3%, Nvidia rising nearly 1%, and its stock price hitting a historic high for four consecutive days, while Microsoft rose slightly; Tesla fell nearly 3%, ARM and Ansemy Semiconductor fell more than 1%, and Apple fell slightly.
Cryptocurrency concept stocks generally fell, Riot Platforms fell more than 15%, Marathon Digital fell more than 12%, Ebon International, BitDigital, and BitMining fell more than 6%, Coinbase fell more than 6%, and Jianan Technology fell more than 1%. In terms of news, Hashdex, a cryptocurrency asset management company, stated that its application to convert existing futures products into spot Bitcoin ETFs has not been fully approved by the US Securities and Exchange Commission (SEC).
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising by over 1%. Ideal cars rose by over 2%, while iQiyi, NetEase, Pinduoduo, Alibaba, Bilibili, and Baidu rose by over 1%; Weibo fell more than 4%, Xiaopeng Motors fell more than 1%, and NIO fell slightly.
Global News

The US CPI rose by 3.4% year-on-year in December, reaching a new high since September 2023
The US CPI in December increased by 3.4% year-on-year, reaching a new high since September 2023, with an estimated 3.2% and a previous value of 3.1%; The US CPI rose 0.3% month on month in December, estimated to be 0.2%, compared to the previous value of 0.1%.
Minister of Commerce Wang Wentao and US Secretary of Commerce Raymond hold a phone call
On January 11th, Minister of Commerce Wang Wentao held a phone call with US Secretary of Commerce Raymond. Both sides have engaged in in-depth and pragmatic communication on economic and trade issues of their respective concern, focusing on implementing the important consensus of the San Francisco meeting between the two heads of state.
Ten years to sharpen a sword! Has the US approved Bitcoin spot ETF and the cryptocurrency industry ushered in a "watershed moment"?
Anyway, after ten years of sharpening the sword, the SEC's approval of Bitcoin ETFs may have become a watershed moment for the Bitcoin and cryptocurrency industries. The long-term tug of war between the cryptocurrency industry and the SEC has finally come to an end, and in this special battle, the cryptocurrency industry has temporarily declared victory. However, the road ahead is still long, where will the cryptocurrency industry go?
How will the Federal Reserve's interest rate cut cycle be interpreted this year based on history?
"Historical data shows that the Federal Reserve cut interest rates by over 150 basis points within a year, almost entirely due to economic recession," Deutsche Bank strategist Jim Reid wrote in a report. The strong expectation of the Federal Reserve's monetary policy shift has driven the US stock market to a significant close by the end of 2023. However, stock market bulls hoping that the Federal Reserve will initiate aggressive interest rate cuts this year may need to be cautious.
Company News
Due to the slowdown in demand for electric vehicles, investment banks predict that Tesla's sales growth rate will not exceed 20% this year
Tesla's financial report is about to be released, and Wall Street analysts have set delivery expectations for 2024. Bernstein, a well-known investment firm on Wall Street, recently mentioned in a report that 2024 "looks quite difficult" for Tesla, and "investors will gradually question Tesla's growth prospects, especially since we believe that Tesla's delivery growth rate in 2024 and 2025 will be below 20%," which is far below Tesla's previous 50% annual growth target.
Joining hands with Huawei and JD.com to launch the development of Hongmeng native applications, Liu Qiangdong launches the "first shot" of AI e-commerce in 2024?
Pinduoduo's US stock market value surpasses Alibaba's, marking a historic moment for Chinese e-commerce. Jack Ma said that the era of AI e-commerce has just begun, and it is both an opportunity and a challenge for everyone. At the beginning of the 2024 New Year, Jack Ma spoke of the era of AI e-commerce, revealing a tangible sense of reality.
Apple that has been bitten three times: downgraded rating and declining sales
Since 2024, Apple has suffered consecutive negative events. On January 10th local time, Redburn analyst James Cordwell downgraded Apple's rating to "neutral" with a target price of $200, making it the third institution this year to downgrade Apple's stock rating. The expected decline in iPhone sales is the main reason why institutions have lowered their ratings. Previously, the two institutions that downgraded Apple's stock ratings, Barclays and Piper Sandler, were also considering weak demand for the latest iPhone.
Intel's Attack on Qualcomm and NVIDIA's Automotive Sector Encounters "Chip Wars"
At CES 2024, another chip manufacturer, Intel, announced its entry into the automotive intelligent cockpit field and finally faced off against the current "ruler" of the digital cockpit, Qualcomm. In the rapid development of new energy vehicles, automotive chips have long become a new track targeted by upstream chip manufacturers.