2026.01.30 本文字数：2057，阅读时长大约3分钟 作者 |第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500指数 走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘中短暂 冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报6969.01 点；纳斯达克综合指数下跌172.33点，报23685.12点。 苹果当季综合毛利率升至48.2%，较上年同期提高1.3个百分点；研发支出108.87亿美元，同比增长 31.7%。经营活动产生的现金流为539.25亿美元，同比大增79.9%。公司当季用于股票回购的资金为 247.01亿美元，并支付39.21亿美元股息，合计向股东返还近320亿美元。董事会同时宣布派发每股0.26 美元现金股息，股息支付日为2026年2月12日。 截至2025年12月27日，苹果持有的现金及现金等价物为453.17亿美元，较上一财季增长26.1%；总负债 为2911.0 ...

Group 1: Market Overview - The market has shown increased caution recently, with the S&P 500 down 0.5% and the NASDAQ 100 down even more, largely due to Microsoft experiencing its worst day since 2020, down 12% [2][3][7] - Bitcoin is undergoing a significant decline, down 6% [3] - There has been a notable shift in investor sentiment, with retail investors becoming more cautious, reflected in a decline in call buying activity and an increase in call selling [6][10][11] Group 2: Retail Investor Behavior - Retail investors are showing a more sophisticated trading behavior, moving away from purely directional bets to more complex strategies [10] - There is a significant increase in call selling and a pullback in bullish sentiment among retail investors, indicating a cautious outlook [11][12] - Retail interest is shifting towards small-cap stocks, which have underperformed in recent years, with a notable increase in call buying activity from this segment [14][15] Group 3: Private Markets Investment - BlackRock and Partners Group are launching a first-of-its-kind private markets investment account, allowing clients to invest in a mix of private equity, private credit, and real estate funds through a single account [18][20] - The new account aims to simplify access to private markets for financial advisors and clients, addressing the friction often associated with building a diversified portfolio [21][25] - The initiative reflects a growing interest from advisors in private markets, with over 50% of surveyed advisors currently utilizing these investment options [23][24] Group 4: Commodities and Metals - The copper market is experiencing a significant shortfall, with estimates of a shortage ranging from 300,000 to 800,000 tons, driven by high demand and supply interruptions [34][35] - There is a strong demand for base metals like copper and aluminum, with implications for mining companies as prices rise [40][41] - The interplay between base metals and precious metals is complex, with potential substitution effects as prices fluctuate [36][39] Group 5: AI and Technology Investments - Amazon is reportedly in talks to invest up to $50 billion in OpenAI, highlighting the substantial financial interest in AI technologies [60][61] - The valuation of OpenAI is projected to reach $830 billion, indicating a significant market presence and potential for future growth [62] - The AI narrative is evolving, with a shift from a collective rise in tech stocks to a more selective approach where winners and losers are being identified based on performance [81][82]

2026.01. 30 作者 | 第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500 指数走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘 中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报 6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 隔夜，微软重挫10%，创下自2020年3月以来最大单日跌幅，市值单日蒸发约3570亿美元。市场对其 上一季度创纪录的人工智能资本支出感到不安，担忧高强度投入可能侵蚀软件业务的盈利能力，这一 情绪也蔓延至其他科技股。 这一下跌盖过了Meta公布强劲季度业绩后的大涨表现。Meta股价当日上涨10.4%。特斯拉在公布财 报后下跌3.5%。 其他大型科技股走势分化。英伟达上涨0.52%，苹果上涨0.72%；谷歌A类股与C类股分别上涨0.67% 和0.71%。亚马逊下跌0.53%，超威半导体下滑0.22%，博通下跌0.75%。 | ...

Market Overview - The market experienced a sudden and widespread crash, affecting gold, silver, and stock markets simultaneously [1][10] - Precious metals saw significant declines, with silver dropping by 8% and gold falling below $5200 per ounce [2][10] Precious Metals - Spot silver experienced a sharp decline, reaching a low of $108.97, down 6.62% from previous levels [11] - Spot gold also fell significantly, with the latest price at $5164.66, marking a decrease of 4.62% [12] Stock Market - U.S. tech stocks faced a dramatic drop, with Microsoft experiencing an unprecedented decline of over 10%, potentially marking its largest single-day drop since March 16, 2020 [5][14] - The Nasdaq Composite Index fell by more than 2%, while the Dow Jones and S&P 500 indices also reported losses of 0.50% and 1.29%, respectively [5][14] Individual Stock Performance - Major tech companies saw substantial declines, including Microsoft at $425.13 (-11.73%), Salesforce at $208.97 (-8.33%), and Oracle at $162.90 (-5.73%) [16] - The overall trend indicates a lack of confidence in the sustainability of AI spending and its ability to support massive capital expenditures [16][17] Economic Context - The Federal Reserve maintained interest rates, while former President Trump called for lower borrowing costs in the U.S. [18] - Bitcoin fell below $86,000 for the first time in about six weeks, reflecting the broader risk asset retreat [18][19]

微软在公布财报后股价大跌，市值蒸发蒸发3570亿美元，拖累纳指和标普500指数走低，掩盖了Meta等公司亮眼业绩的提振作用。 *微软市值蒸发3570亿美元 *苹果Q4营收利润双创新高 *金价大跳水 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500指数走低，与此同时，中东地缘政治紧张局势升温，推动 国际油价跳涨。避险需求也一度推动金价盘中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 【热门股表现】 热门中概股涨跌不一，纳斯达克中国金龙指数小幅收涨0.35%。个股方面，阿里巴巴下跌0.80%，拼多多跌0.11%，富途控股回落2.04%；蔚来汽车逆势大涨 3.92%，京东下跌0.55%，百度跌0.10%，携程跌0.61%，腾讯控股美国存托凭证上涨0.89%。 【苹果盘后放榜】 盘后，苹果披露2026财年第一季度（截至2025年12月27日）业绩。公司当季总营收为1 ...

纳斯达克金龙中国指数收涨0.35%，热门中概股中，蔚来初步收涨3.8%，百胜中国涨1%，腾讯、新东方、理想、小米、美团至多涨超0.9%，阿里跌0.7%， 网易跌1.3%，文远知行跌4.5%，小马智行跌7.9%。 美股三大指数收盘涨跌不一，纳指跌0.72%，标普500指数跌0.13%，道指涨0.11%。科技股涨跌互现，微软下跌10%，市值蒸发3570亿美元；特斯拉跌超 3%，甲骨文跌超2%，Meta涨超10%，IBM涨超5%。 ...

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 微软AI支出引爆忧虑，股价暴跌10%，拖累美股大盘。贵金属巨震。 纳指跌0.72%。微软一度暴跌12%、收跌10%，创2020年以来最大日跌幅，市值蒸发是美股史上第二大。Meta大涨超10%。特斯拉跌超3%。周四美股盘后公 布业绩后，苹果一度涨超2%、闪迪大涨12%。 10年期美债收益率小幅下跌0.6个基点至4.233%。 币圈重挫。比特币大跌6%、至两个月低点。以太坊跌超7%、跌破2800美元。 金价早盘曾大涨3.3%、逼近5600美元历史高位后跳水，一度较日高暴跌近9%，随后跌幅收窄。白银创下121美元的历史新高后，一度重挫超12%。铜价一度 大涨超11%，随后涨势回落、日内纽铜仍涨超6%。美伊局势支撑原油三连涨、日内涨3%，美油站上65美元。 亚洲时段，沪指震荡收涨，白酒爆发、贵州茅台涨逾8%，地产大涨，恒科指跌1%，芯片调整，沪金银铜飙升。 要闻 中国 习近平会见英国首相斯塔默。中英双方在英国首相斯塔默访华期间达成一系列积极成果。 外交部回应：中国已批准进口首批英伟达H200人工智能芯片？黄仁勋：此次访华行程"非常成功" ...

Market Overview - The U.S. stock market closed mixed, with the Dow Jones Industrial Average up by 55.96 points (+0.11%), while the Nasdaq Composite fell by 172.33 points (-0.72%) and the S&P 500 decreased by 9.02 points (-0.13%) [2] - Major tech stocks showed divergent trends, with Meta Platforms surging nearly 10% and Microsoft plummeting over 10% due to slowing cloud business growth and record capital expenditures [2][3] Company Performance - Meta Platforms (Facebook) closed at $738.195, up 10.39% for the day and 11.83% year-to-date [3] - Microsoft saw a significant drop, closing at $433.195, down 10.06% for the day and 10.43% year-to-date [3] - Nvidia rose by 0.49%, while Google reached a historical high with a 0.68% increase [2][3] - Tesla's stock fell over 3%, marking its first annual revenue decline [2] Chinese Stocks - The Nasdaq Golden Dragon China Index increased by 0.35%, with notable gains in online education stocks, particularly TAL Education, which rose over 18% after exceeding earnings expectations [5][6] - Other Chinese tech stocks like NIO, Beike, and Atour also saw increases of over 3% [5] Commodities - Gold and silver experienced significant volatility, initially dropping but ultimately closing up over 1% [7] - WTI crude oil and ICE Brent crude both rose by over 3% amid geopolitical tensions in the Middle East [7] Cryptocurrency Market - Major cryptocurrencies faced a collective downturn, with Bitcoin dropping over 5% to below $84,500, and Ethereum falling over 6% [8] - More than 220,000 traders were liquidated, with total liquidation exceeding $1 billion [8]

Market Overview - The U.S. stock market showed mixed results with major indices fluctuating, as technology stocks experienced divergent trends, with Meta rising by 10% and Microsoft dropping by over 10% [1][2] - The Nasdaq China Golden Dragon Index saw a slight increase of 0.35%, while online education stocks mostly rose, with TAL Education surging over 18% [1][4] Technology Sector - Major tech stocks displayed varied performance; Nvidia increased by 0.52%, Google rose by 0.71% to a historical high, while Microsoft fell over 10% due to slowing cloud business growth and record capital expenditures [2][3] - ServiceNow, despite reporting better-than-expected quarterly earnings, dropped nearly 10% following Microsoft's decline, indicating a broader impact on the software sector [3] Commodities - Gold and silver experienced significant volatility, initially dropping but ultimately closing higher, with COMEX gold and silver both rising over 1% [4][6] - International oil prices surged by over 3% amid rising tensions in the Middle East, with concerns about potential disruptions in oil transport [6] Cryptocurrency Market - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 5% to below $84,500, and over 220,000 traders facing liquidation, totaling more than $1 billion in losses [6][7] - The overall market sentiment was negative, with major cryptocurrencies like Ethereum and SOL also experiencing significant drops [7] Chinese Education Sector - TAL Education reported a strong performance with a quarterly earnings surprise, leading to an 18.03% increase in its stock price [5] - Other Chinese education stocks like Yiqi Education and New Oriental also saw positive movements, indicating a recovery trend in the sector [5]

当地时间1月29日，美股开盘后大跳水！ 费城半导体指数盘中也下挫超过3%，随后有所反弹，截至发稿，跌幅收窄至2%左右。费城半导体指数由费城交易所创立于1993年，为全球半导体业景气 主要指标之一。 国际金价、银价突然急转直下，现货黄金一度跌破5200美元。此外，比特币暴跌超5%，跌破85000美元。 截至发稿，纳指跌超2.5%，标普500跌近1.5%，道指跌超0.67%。 美股科技巨头普遍跳水 微软暴跌12% 科技七姊妹普跌，仅Meta大涨7%。英伟达、特斯拉跌近3%，亚马逊、谷歌也跌超2%，苹果跌0.4%。 微软更是暴跌逾12%，创2020年以来最大盘中跌幅，市值蒸发约4400亿美元（约合人民币3.06万亿元）。财报显示其资本支出创历史新高引发市场担忧。 当地时间1月29日，美国总统特朗普再度发文抨击美联储，他表示，鲍威尔再次拒绝降息，尽管他毫无理由将利率维持在如此高的水平。他正在损害国家 及国家安全。既然连他都承认通胀已不再是问题或威胁，现在理应大幅降低利率。他每年让美国付出数千亿美元完全没必要、也不应该支付的利息开支。 他在文中再次强调，美联储现在就应该大幅降息，他表示，美国比任何国家都更强大有力，理应 ...