芯片股多数下跌，费城半导体指数跌0.5%，微芯科技跌超2%，德州仪器跌逾2%，恩智浦半导体跌超2%，英 特尔跌逾1%，高通跌超1%，超威半导体涨超1%。 此外，全球地缘政治局势，令市场情绪再度紧绷。美国《华尔街日报》19日报道说，美国总统特朗普"正在考 虑"对伊朗进行"初步的有限军事打击"，以迫使伊朗接受美方在核协议方面的要求。 地缘政治局势，叠加美联储货币政策分歧，推升市场避险情绪，国际贵金属期货普遍收涨，COMEX黄金期货 涨0.12%报5015.50美元/盎司，COMEX白银期货涨1.09%报78.44美元/盎司。 美国三大股指全线收跌 沃尔玛"全球第一"易主 当地时间2月19日（周四），美国三大股指全线收跌。截至收盘，道指跌0.54%报49395.16点，标普500指数跌 0.28%报6861.89点，纳指跌0.31%报22682.73点。 当地时间2月19日（周四），美国三大股指全线收跌，道指跌0.54%，标普500指数跌0.28%，纳指跌0.31%。美 股科技股普跌，航空股全线走低。沃尔玛此前蝉联十多年的"全球第一"易主——亚马逊以7170亿美元的年度销 售额，正式超越沃尔玛，成为全球营收最高的公 ...

周四（2月19日），美股低开低收，三大指数集体下跌。 截至收盘，道琼斯指数跌0.54%，报49395.16点；标普500指数跌0.28%，报6861.89点；纳斯达克综合指数跌0.31%，报22682.73点。 | 名称 | 局新价 | 涨跌额 | 版大幅 | | --- | --- | --- | --- | | 道琼斯指数 | ○ 49395.16 | -267.50 | -0.54% | | 标普500指数 | 6861.89 | -19.42 -0.28% | | | 纳斯达克综合指数 | 22682.73 | -70.91 -- | -0.31% | 日内早些时候，资产管理公司Blue Owl Capital宣布出售了旗下三只私募债务基金中持有的14亿美元贷款资产，这引发了投资者对私募贷款 领域可能遭受损失的担忧。 受该消息影响， 资产管理公司集体承压， Blue Owl Capital股价收跌5.93%，Blackstone跌5.37%，阿波罗全球管理跌5.21%，Ares Management跌3.08%，Brookfield跌2.68%。 除了资管公司， 软件行业也是明显走弱的板块之一， Ca ...

华见早安之声 市场概述 科技股拖累美股回落，三大美股指止步两连涨。金融板块领跌标普，限制旗下基金赎回的资管公司Blue Owl跌近6%；年度指引逊色的沃尔玛跌超1%；苹果 跌超1%、"科技七巨头"中表现最差；芯片股和软件股回落，西部数据跌4%，Cadence Design跌近3%。 泛欧股指和英股跌落纪录高位，财报指引不佳的空客跌近7%、雷诺跌超3%，指引向好的雀巢涨近4%。 美国失业数据后，美债收益率靠近日高；美元盘中涨破98、创近四周新高。离岸人民币三连跌，盘中跌超百点失守6.90；比特币盘中跌破6.6万美元后一度转 涨超2%。 美伊局势叠加美EIA库存意外锐减，原油盘中涨超2%、油价创半年新高。降息分歧压制黄金涨势，黄金盘中曾转跌、艰难上攻5000美元。 要闻 特朗普：美伊必须达成有意义协议，否则发生"糟糕的事"，预计未来十天左右知道能否与伊朗达成协议。 特朗普阵营的坚定降息派动摇了？美联储理事米兰：劳动力市场改善可令今年少些降息。 美国12月贸易逆差扩大，去年全年录得1960年以来最大逆差之一。 另类资管巨头Blue Owl限制赎回、抛售贷款，股价一度大跌10%，引发市场对1.8万亿美元私募信贷市场的 ...

亚马逊登顶营收榜首，并非仅依赖其庞大的线上零售平台和快速配送体系。虽然零售业务仍是其最大的 收入来源，云计算、广告以及第三方卖家服务等多元化业务同样构成重要支撑。根据亚马逊最新年报， 2025年第三方卖家服务(包括佣金、履约、物流、广告及客户支持费用)约占公司总营收的24%，而亚马 逊云服务(AWS)贡献约18%。 沃尔玛失去榜首位置并非源于自身增长乏力。过去20年间，其营收规模已增长逾一倍。公司依托美国超 过4600家沃尔玛门店和约600家Sam's Club门店，持续推动线上业务发展。在最新一个财季中，沃尔玛 美国电商业务同比增长27%，并已连续15个季度保持两位数增长。与此同时，沃尔玛不断借鉴亚马逊的 成功经验，试图将自身定位为"科技公司+零售商"的复合体。 电商巨头与传统零售龙头的长期竞争迎来关键节点。 智通财经APP获悉，亚马逊(AMZN.US)首次在年度营收规模上超越沃尔玛，成为全球年营收最高的公 司，标志着两大零售巨头竞争格局的历史性变化。 沃尔玛(WMT.US)周四公布的最新财年财报显示，其全年营收为7132亿美元，略低于亚马逊同期实现的 7169亿美元。事实上，这一"易主"已酝酿许久。大约一 ...

智通财经APP获悉，周四，三大指数收跌，标普500指数年内涨幅收窄至0.2%，道指涨幅超过2%。纳斯 达克指数2026年已累计下跌逾2%。投资者等待将于周五公布的美国12月核心PCE物价指数等重要经济 数据。 【美股】截至收盘，道指跌267.50点，跌幅为0.54%，报49395.16点；纳指跌70.91点，跌幅为0.31%，报 22682.73点；标普500指数跌19.42点，跌幅为0.28%，报6861.89点。英特尔(INTC.US)跌1.85%，苹果 (AAPL.US)跌1.43%，英伟达(NVDA.US)微跌0.04%。纳斯达克中国金龙指数跌0.35%，阿里巴巴 (BABA.US)跌0.96%。亚马逊(AMZN.US)微涨0.03%，沃尔玛(WMT.US)跌1.38%，亚马逊正式超越沃尔 玛，成为全球营收最高的公司。沃尔玛曾连续十多年蝉联营收最高的公司，该公司周四公布截至1月31 日的12个月销售额为7132亿美元。而亚马逊本月早些时候公布了2025年的销售额为7170亿美元。 Applovin(APP.US)盘后拉升涨超7%，传OpenAI拟与Applovin展开合作，通过广告实现商业化。 【欧股 ...

Market Overview - US stock indices collectively declined, with the Dow Jones down 0.54%, Nasdaq down 0.31%, and S&P 500 down 0.28%. Major tech stocks mostly fell, including Apple, Netflix, and Intel, which dropped over 1% [4] - International oil prices surged, with WTI crude oil rising 2.49% to $66.67 per barrel, and Brent crude oil increasing 2.25% to $71.93 per barrel [5] - International precious metals futures generally rose, with COMEX gold futures up 0.12% to $5015.50 per ounce, and COMEX silver futures up 1.09% to $78.44 per ounce [6] - European stock indices mostly closed lower, with Germany's DAX down 0.93%, France's CAC40 unchanged, and the UK's FTSE 100 down 0.55% [7] Company News - Nvidia's CEO Jensen Huang announced that the upcoming GTC conference will unveil "unprecedented" new chips, indicating a competitive push in AI infrastructure [16] - Amazon surpassed Walmart to become the highest-grossing company globally, reporting sales of $717 billion for the fiscal year ending December 2025, compared to Walmart's $713.2 billion [21] - Nestlé announced plans to sell its high-end beverage and ice cream businesses, as part of a strategy to focus on four core business areas amid declining sales and profits [23] Industry Developments - The National Development Bank of China issued over 360 billion yuan in loans for highway infrastructure in 2025, marking a 10% increase year-on-year, supporting the country's comprehensive transportation network [17] - Zhongke Shuguang upgraded its SothisAI platform to integrate with major AI models, enhancing its enterprise AI capabilities [18] - An Indian university faced backlash for presenting a Chinese-made robotic dog as a self-developed product, highlighting the competitive landscape in robotics technology [20]

每经编辑｜张明双 王晓波 1 隔夜市场 美股三大指数集体收跌，道指跌0.54%，纳指跌0.31%，标普500指数跌0.28%，大型科技股多数收跌，苹果、奈飞、英特尔跌超1%，微软、谷歌、英伟达 小幅下跌；亚马逊、特斯拉、Meta小幅上涨。中概股多数下跌，纳斯达克中国金龙指数跌0.35%，霸王茶姬跌逾2%，百胜中国、奇富科技跌超1%，禾赛科 技涨超2%，华住集团涨逾1%。 国际油价集体大涨，美油主力合约涨2.49%，报66.67美元/桶；布油主力合约涨2.25%，报71.93美元/桶。 国际贵金属期货普遍收涨，COMEX黄金期货涨0.12%，报5015.50美元/盎司；COMEX白银期货涨1.09%，报78.44美元/盎司。 欧洲三大股指收盘多数下跌，德国DAX指数跌0.93%报25043.57点，法国CAC40指数持平报8429.03点，英国富时100指数跌0.55%报10627.04点。 2 国务院安委会对湖北宜城烟花爆竹爆燃事故查处挂牌督办 据央视新闻2月19日报道，2月18日，湖北省襄阳市宜城市郑集镇一烟花爆竹零售店发生一起爆燃事故，造成12人死亡。根据《重大事故查处挂牌督办办 法》，国务院安委会决定对 ...

In the last few quarters, I have always been cautious about Amazon.com, Inc. ( AMZN ) and usually rated the stock as a Hold. Considering that most Seeking Alpha and Wall Street analysts were rather bullishMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to sm ...

Core Insights - Amazon.com, Inc. (AMZN) is recognized as a leading consumer marketplace and cloud provider in the current market landscape [1] Group 1 - The focus is on uncovering high-yield investment opportunities for individual investors [1] - The goal is to simplify complex concepts into actionable insights to enhance investment returns [1]

Core Insights - Amazon has laid off approximately 300 employees in New York as part of a larger plan to reduce its workforce by 16,000, which was announced last month [1][2][6] - The layoffs are part of a restructuring strategy that includes investments in artificial intelligence and addressing over-hiring during the COVID pandemic [2][6] - CEO Andy Jassy has indicated that the company will require fewer employees as it implements AI technologies, which are expected to lead to efficiency gains [3][8] Layoff Details - Specifically, 135 corporate employees at 1140 Broadway were laid off in January, with an additional 165 layoffs expected to be reported soon [1][2] - The layoffs in New York are part of a broader trend, with nearly 1,000 job losses occurring at nine Amazon locations in the city last year [8] Industry Impact - The latest cuts are believed to be focused on tech roles, which may impact Amazon's efforts to establish a strong presence in the New York tech community [9] - Other tech companies in New York may see this as an opportunity to attract talent from Amazon's workforce reductions [9]