On February 9th (Friday) Eastern Time, the three major stock indexes fluctuated, with the S&P 500 closing above the 5000 point mark for the first time, reaching a historic high. Several Federal Reserve officials hope to see more evidence of downward inflation before lowering interest rates.
The stock price of New York Community Bank surged nearly 17%, with the bank's CEO and board members purchasing shares worth approximately $860000.
Israel's refusal to cease fire has driven up oil prices, with WTI crude oil closing 0.8% higher on Friday.
Announcement of Annual Major Overhaul Results for US CPI
As of the close, the Dow Jones Industrial Average fell 0.14% to 38671.69 points, while the S&P 500 index rose 0.57% to 5026.61 points, closing above 5000 points for the first time and continuing to reach a new historical high. The Nasdaq rose 1.25% to 15990.66 points.
This week, the Dow Jones Industrial Average rose 0.04%, the S&P 500 index rose 1.37%, and the Nasdaq rose 2.31%.
The US Bureau of Labor Statistics has released an annual revision of the Consumer Price Index. In December of last year, the US CPI was revised to a month on month increase of 0.2%, compared to a previous increase of 0.3%; The core CPI remains unchanged at a 0.3% increase.
The Federal Reserve's Bostek said that the period of high inflation has been too long, and it will still take "some time" to return to the target. The United States is returning to the path of pre pandemic economic strength; I hope to avoid another surge in inflation. The United States has made good progress in combating inflation, but there is still a long way to go. The data shows that actual wage growth will continue in the coming months. The bank understands its asset risks and is prepared to respond.
The Federal Reserve's Logan said there has been "significant progress" in inflation, and more work needs to be done. Support the decision of the Federal Open Market Committee (FOMC) in January. I didn't see the urgency of adjusting interest rates.
Transfer Nvidia to establish a new department for chip customization services
The TAMAMA Technology Index of Wanda USA rose 1.65%, with most technology stocks rising, Apple up 0.41%, Amazon up 2.71%, Netflix up 0.5%, Google up 2.12%, Facebook down 0.4%, Microsoft up 1.56%, Nvidia up 3.58%, and Tesla up 2.12%.
According to Hong Kong's Wanda News Agency, OpenAI founder Sam Altman is in talks with investors including the United Arab Emirates to raise trillions of dollars in funds aimed at improving global chip manufacturing capabilities and better promoting the company's artificial intelligence development. One of the insiders stated that the project may require raising up to $5 trillion to $7 trillion in funding.
OpenAI's annual revenue has exceeded $2 billion, and the huge success of its artificial intelligence product ChatGPT has made it one of the fastest-growing technology companies in history. OpenAI believes that due to the strong interest of enterprise customers in using OpenAI technology to promote the use of generative artificial intelligence tools in the workplace, the company can more than double its revenue by 2025.
According to comprehensive media reports, Nvidia and Ericsson are in negotiations on a wireless chip, and are in talks with companies such as OpenAI on chip design matters. Nvidia is establishing a new department dedicated to designing chips for cloud computing companies, which will also design chips for advanced AI processors.
New York Community Bank stock price jumps
The stock price of New York Community Bank rose 16.95% on Friday.
The announcement shows that some internal personnel of the bank made stock purchases on Friday. Alessandro DiNello, who was just appointed as the executive chairman this week, purchased 50000 shares. CEO Thomas Cangemi purchased approximately 11000 shares, and other insiders, including board members, also participated in the stock purchase. The total value of the purchased stocks is approximately 860000 US dollars.
According to Sina, "Today's insider purchases are very good news - this is exactly what investors want to see - a renewed commitment to 'self production and self sales'," said Christopher Marinac, analyst at Janney Montgomery Scott.
Other bank stocks saw mixed gains and losses, with JPMorgan Chase up 0.1%, Goldman Sachs down 0.22%, Citigroup down 0.57%, Morgan Stanley up 0.27%, Bank of America down 0.2%, and Wells Fargo down 0.62%.
WTI crude oil closed higher on Friday
The WTI futures for March delivery in West Texas rose 62 cents, or 0.81%, to $76.84 per barrel.
The Middle East conflict continues, Israel refuses to cease fire, and US WTI crude oil rose by over 5% this week.
According to Xinhua News Agency, Israeli Prime Minister Benjamin Netanyahu rejected the response of the Palestinian Islamic Resistance Movement (Hamas) to the new round of ceasefire agreement in the Gaza Strip on the 7th, stating that he has ordered the Israeli military to prepare for military action in the city of Rafah in the Gaza Strip.
Popular Chinese concept stocks generally rise
Popular Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index up 1.37%, Zhongyang Financial up 64.61%, Shanda Technology up 14.35%, Youdao up 10.4%, Shengmei Semiconductor up 8.01%, Hillway Metal Mining up 5.78%, Shuodi Biotech up 4.26%, Jianan Technology up 3.9%, Legendary Biotech up 3.83%, Atlas Solar up 3.81%, and Jinko Energy up 3.13%;
In terms of decline, Nenglian Zhidian fell 5.79%, while Zaiding Pharmaceutical fell 4.72%.
Zhonggai New Energy Vehicle stocks rose across the board, with NIO Automobile up 1.8%, Xiaopeng Automobile up 0.77%, and Ideal Automobile up 0.69%. (organized by Zhao Xinyi)
