Mei Ri Jing Ji Xin Wen·2025-10-17 12:22Market Overview - Major U.S. stock index futures declined, with Dow futures down 0.77%, S&P 500 futures down 1.05%, and Nasdaq futures down 1.23% [1] - Cryptocurrency-related stocks fell, with HUT 8 down over 5%, Coinbase down 4.5%, and Strategy down 4% [2] - Technology stocks also saw a pre-market decline, with Microsoft down 0.9%, Meta, Amazon, and Apple down 1%, and Tesla and Nvidia down over 2% [3] Banking Sector - Concerns over U.S. regional banks intensified as Zions Bancorp and Western Alliance Bancorp faced significant issues, leading to a pre-market decline in large bank stocks. Notable declines included Bank of America down over 1.8%, Citigroup down 1.7%, Wells Fargo down about 1.8%, and JPMorgan down over 1.1% [3][4] Company Developments - Oracle announced that its AI cloud gross margin could reach 35%, having signed $65 billion in new cloud infrastructure supply contracts within the last 30 days, involving seven contracts from four different clients, including Meta but not OpenAI [4] - Dubai Land Department (DLD) has formed a strategic partnership with Google Cloud to integrate industry data with advanced AI technology, aiming to streamline the investment decision-making process [4] - Meta is reportedly planning to raise nearly $30 billion for its data center project in Louisiana, which would be the largest private capital transaction in history [4] Economic Insights - S&P Global released a report indicating that the U.S. tariff policy could lead to a global corporate loss of up to $1.2 trillion by 2025, with two-thirds of the costs being passed on to consumers [4]