On Friday Eastern Time, the three major US stock indexes closed with mixed gains and losses. The Dow rose 0.16%, setting a new record high, the Nasdaq fell 0.36%, and the S&P 500 index fell 0.07%. Most popular technology stocks fell, with Intel falling nearly 12%, the largest daily decline since July 2020. In Q4, gross profit margin fell by 2.6 percentage points, and Q1 performance guidance fell short of expectations. Lianhua Electronics fell more than 5%, Gexin fell nearly 5%, ARM and Applied Materials fell more than 3%, Nvidia fell nearly 1%, AMD fell more than 1%, and Apple and Microsoft fell slightly. Naifei rose by over 1%, while Meta and Amazon saw a slight increase.
Spiritual Airlines fell more than 13%, and JetBlue Airlines warned that the merger deal with Spiritual Airlines may terminate on or after January 28th; Spiritual Airlines refuted JetBlue's statement, stating that there is no reason to terminate the $3.8 billion merger agreement. "Spiritual Airlines will continue to comply with the agreement, and we hope JetBlue can do the same.".
Most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling 0.45%, Weibo falling more than 2%, Pinduoduo, iQiyi, NetEase, and Bilibili falling more than 1%, and Baidu, Xiaopeng Motors, Ideal Motors, and JD.com slightly falling. NIO and Tencent Music rose by over 1%, while Ctrip and Alibaba saw a slight increase.
Global News

The core PCE price index in the United States rose 2.9% year-on-year in December, reaching a new low since March 2021
The core PCE price index in the United States increased by 2.9% year-on-year in December, marking a new low since March 2021, with an estimated 3.0% and a previous value of 3.2%; The core PCE price index in the United States increased by 0.2% month on month in December, with an estimated 0.2%, compared to the previous value of 0.1%.
European Central Bank investigation confirms a downward trend in inflation
The European Central Bank's Professional Forecasters Survey shows that inflation is expected to be 2.4% in 2024, lower than the 2.7% expected three months ago and the 2.7% expected by the European Central Bank; The expected rate for 2025 is 2.0%, compared to the previous estimate of 2.1%. This survey is an important basis for the policy review of the European Central Bank. The European Central Bank stated, "Corporate reports indicate that sales price growth in the fourth quarter of 2023 remains moderate and is expected to further relax in the short term."
I have to leave at my doorstep! Saudi Aramco: Continuing to deliver oil via red sea freight
Mohammed Al Qahtani, head of refining and oil trade and marketing at Saudi Aramco, said in an interview on Thursday that "we are currently shipping oil and other cargo products by sea.". He stated that the related risks are "controllable".
US airlines cancel flights between China and the United States on a large scale? The truth is actually like this
Some We Media and video reports said that a large number of flights between China and the United States have been cancelled. Among them, United Airlines once again cancelled its flights to Chinese Mainland. Since March, it has cut 161 flights, nearly 70% of which have been cancelled, including flights from New York, San Francisco, Los Angeles, Chicago and Washington to Chinese Mainland. The reporter checked the official website of United Airlines and found that the cancelled flights were not the currently running China US routes, but the previously entered booking system but not approved for execution on China US routes. At present, flights between China and the United States are still being carried out in accordance with the latest announcement from both sides in November 2023, but there is expected to be a significant increase this year.
OPEC+is not planning to adjust production policies at next week's meeting
Several representatives of OPEC+stated that the organization does not intend to make any adjustments to the oil production policy at next week's monitoring meeting. According to informed officials, Saudi Arabia and its allies have just begun a new production reduction operation this month, and more time is needed to evaluate its impact. The Joint Ministerial Supervisory Committee (JMMC) of OPEC+is scheduled to hold an online meeting on February 1st.
Company News
EU warning: If Apple's App Store policy is not adjusted effectively, it will face severe punishment
On January 26th, the European Commission's internal market commissioner, Thierry Brighton, warned that if Apple's adjustment of its App Store policy in the EU does not comply with the upcoming Digital Markets Act (DMA), the company will face severe penalties.
"Price driven" market value evaporates by 80 billion US dollars Tesla hopes autonomous driving will increase profits
With a 40% drop in net profit and lower than expected gross profit margin, the market's perception of Tesla has been shrouded in a layer of gray. Even Musk admits that Tesla's path is not an easy one, it is a very difficult one.
Oral smeglutide is approved to be marketed in China for the treatment of type 2 diabetes
On January 26, Novo Nordisk Megglutide Tablets were approved by the National Drug Administration (NMPA) for marketing to treat type 2 diabetes. This is the first domestically approved oral GLP-1 (glucagon like peptide-1) receptor agonist.