Market Overview - Technology stocks dragged down US markets, halting two consecutive days of gains for major indices. The financial sector led the decline in the S&P 500, with asset management company Blue Owl dropping nearly 6% after restricting fund redemptions. Walmart's annual guidance was disappointing, leading to a drop of over 1%, while Apple fell more than 1%, underperforming among the "Tech Giants." Chip and software stocks also retreated, with Western Digital down 4% and Cadence Design nearly 3% [1][2]. Key News - Trump stated that the US and Iran must reach a meaningful agreement, or "bad things" will happen, with expectations of knowing the outcome in about ten days. The US military is reportedly prepared for potential strikes against Iran, marking the largest air force mobilization since the Iraq War [7][8]. - Blue Owl Capital's restriction on redemptions and loan sales raised concerns about the $1.8 trillion private credit market, causing its stock to drop about 10% intraday, leading to a 5.9% decline by the close. This has sparked worries about valuation transparency and loan quality in the industry [9]. - Nvidia's CEO Jensen Huang previewed unprecedented new chip products, with the next-generation Feynman architecture expected to be a focal point. Huang urged timely delivery of HBM4 chips from SK Hynix, emphasizing the critical nature of supply chain execution for the success of upcoming AI chips [10]. - Samsung's stock surged to an all-time high as reports indicated the company plans to raise prices for its new HBM4 chips by up to 30%, reaching approximately $700 per unit. This price increase reflects ongoing supply constraints in the AI memory market [11]. - OpenAI is finalizing a new funding round with a valuation of $830 billion, aiming to raise up to $100 billion. Major investors include SoftBank, Amazon, Nvidia, and Microsoft, with discussions of a potential IPO in the fourth quarter [11].

Group 1: Investment Activity - Citadel, led by Ken Griffin, has significantly increased its investment in Amazon, adding approximately $2.52 billion, bringing its total position to over $3.2 billion [1] - Citadel has also doubled its stake in Nvidia, now valued at nearly $4 billion, indicating a strong interest in AI-related investments [1] - Other notable investors, such as Ray Dalio's Bridgewater, have also increased their positions in Nvidia, with a $253 million investment, raising their total stake to nearly $721 million [3] Group 2: Market Performance - Amazon's stock has experienced volatility, down 11.3% year-to-date and over 14% in the past month, largely due to its aggressive $200 billion capital spending plan related to AI [2] - Despite investor concerns regarding AI, Amazon's fundamentals remain strong, supported by a healthy AI-powered backlog and robust cloud sales [2] Group 3: Citadel's Portfolio Overview - Citadel's latest 13F filing shows a market value increase to $0.67 trillion, with inflows of +0.52% as a percentage of total market value [6] - The fund made new purchases in 2,088 stocks, added to 5,010 stocks, and sold out of 2,204 stocks, while reducing holdings in 5,384 stocks [6] - The concentration of the top 10 holdings is at 22.8%, with a turnover rate of 29.2% [6]

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 ...

The S&P 500 (SNPINDEX:^GSPC) fell 0.28% to 6,861.89, breaking a three-day winning streak. Geopolitical tensions and weaker confidence weighed on the Nasdaq Composite (NASDAQINDEX:^IXIC), which slipped 0.31% to 22,682.73, and the Dow Jones Industrial Average (DJINDICES:^DJI), which dropped 0.54% to 49,395.16. Market movers Walmart (NASDAQ:WMT) fell after issuing weaker-than-expected guidance. This put pressure on Dow futures and retail peers. DoorDash (NASDAQ:DASH) and Medical Properties Trust (NYSE:MPT) ...

3 Reasons NVIDIA Will Crush Earnings on February 25th - 24/7 Wall St.[S&P 5006,860.40 -0.29%][Dow Jones49,369.00 -0.58%][Nasdaq 10024,783.80 -0.41%][Russell 20002,662.38 +0.15%][FTSE 10010,680.90 -0.27%][Nikkei 22557,090.50 -0.79%][Live: Newmont Corporation Reports After the Bell][Investing]# 3 Reasons NVIDIA Will Crush Earnings on February 25th### Quick ReadNVIDIA (NVDA) reports Q4 results February 25 with $65B revenue expected. China data center revenue remains at zero.NVIDIA has $350B in Blackwell and Ru ...

Core Viewpoint - U.S. equity markets faced volatility as resilient labor market data contrasted with a cautious outlook from Walmart, leading to concerns over consumer spending and geopolitical tensions impacting risk appetite [1]. Major Market Indexes Performance Recap - Major benchmarks ended in negative territory, with the S&P 500 declining 0.28% to 6,861.89, the Nasdaq Composite slipping 0.31% to 22,682.73, and the Dow Jones Industrial Average falling 267 points, or 0.54%, to close at 49,395.16 [2]. Small-Cap vs. Large-Cap Performance - The small-cap Russell 2000 managed a late-day recovery, finishing up 0.25%, indicating that smaller domestic-focused firms found support despite headwinds faced by larger retail and tech companies [3]. Economic Data Insights - Initial jobless claims fell to 206,000, significantly lower than the projected 223,000, marking the lowest level since early January, complicating the Federal Reserve's interest rate cut path [4]. - The U.S. trade deficit unexpectedly widened to -$70.3 billion in December, exceeding the forecasted -$56 billion, while the Philadelphia Fed Manufacturing Index rose to 16.3 in February from 12.6 the previous month, indicating strength in the industrial sector [5]. Corporate News and Stock Movements - Walmart reported better-than-expected fourth-quarter earnings and revenue but saw its stock fall 1.4% due to a disappointing profit forecast, overshadowing a $30 billion share buyback announcement [6]. - Deere & Company shares surged 11.6% after reporting higher-than-expected quarterly profits and raising full-year net income guidance to $4.5 billion to $5.0 billion [7]. - Etsy's stock increased by 21.2% following a significant earnings beat, while Booking Holdings dropped 7.1% amid competition concerns [8]. - Other notable stock movements included Occidental Petroleum rising 9.4%, Blue Owl Capital falling 5.9%, Robinhood Markets tumbling 11.3%, and Nvidia edging higher due to a partnership with Meta Platforms [8]. Upcoming Market Events - Investors are focused on upcoming corporate reports from Newmont Corp. and Consolidated Edison, as well as monitoring Live Nation Entertainment, Texas Roadhouse, and Sprouts Farmers Market for insights into consumer spending [9]. - Nvidia's earnings report is highly anticipated on February 25th, with geopolitical developments in Iran supporting oil prices, which rose 2.6% to $66.71 per barrel [10].

Core Viewpoint - The upcoming earnings reports are anticipated to provide a significant boost to the S&P 500, potentially influencing market trends positively [1] Group 1: Earnings Reports Impact - A large number of companies are set to release their earnings next week, which could be crucial for the S&P 500's performance [1] - Analysts are closely monitoring these reports to gauge the overall health of the economy and corporate profitability [1] Group 2: Market Expectations - There is a general expectation that strong earnings could lead to a rally in the stock market, particularly for the S&P 500 index [1] - Investors are looking for signs of resilience in corporate earnings amidst economic uncertainties [1]

This Blue-Collar Stock Out-Returned Nvidia Over the Past 5 Years. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# This Blue-Collar Stock Out-Returned Nvidia Over the Past 5 Years. It Still Has Room to Grow.By [Ian Salisbury]ShareResize---Re ...

When artificial intelligence (AI) chip maker NVIDIA Corporation (NVDA) heads for the exit, investors instinctively glance at the door. In its latest 13F filing, the chip giant disclosed that it had completely exited its position in the AI-driven drug developer Recursion Pharmaceuticals (RXRX). At the end of Q3 2025, Nvidia held 7.71 million shares. The stake represented a modest slice of its expansive, meticulously managed AI portfolio. Still, the headline carried weight. Traders pushed the stock down as ...