Di Yi Cai Jing·2026-01-24 00:09Core Viewpoint - Intel's earnings report fell short of expectations, leading the market to reassess AI valuations and impacting overall market sentiment [1][3]. Market Overview - The Dow Jones Industrial Average dropped by 285.30 points, or 0.58%, closing at 49098.71, with a weekly decline of 0.53%. The S&P 500 index rose by 2.26 points, or 0.03%, closing at 6915.61, with a weekly drop of 0.35%. The Nasdaq Composite increased by 65.23 points, or 0.28%, closing at 23501.24, with a slight weekly decline of 0.06% [1]. - Major tech stocks showed mixed performance, with Nvidia up 1.53%, Microsoft up 3.28%, and Amazon up 2.06%. In contrast, Google fell by 0.79%, Apple by 0.12%, and Tesla by 0.07% [2]. - Goldman Sachs and Caterpillar significantly pressured the Dow, with declines of 3.75% and 3.36%, respectively [3]. Company-Specific Insights - Intel's stock plummeted by 17.03% to $45.07 after the company provided a quarterly revenue and profit outlook that was below market expectations, citing challenges in meeting AI data center demand for server chips [3]. - Upcoming earnings reports from major tech companies such as Apple, Tesla, Meta, and Microsoft are anticipated to have a significant impact on market perceptions regarding AI investment returns and corporate capital expenditures [7]. Economic Indicators - The U.S. Composite Purchasing Managers Index for January was reported at 52.8, slightly above the previous value of 52.7. The services index was at 52.5, and the manufacturing index was at 51.9 [4]. - The University of Michigan's consumer confidence index for January was revised to 56.4, up from an initial value of 54.0, with inflation expectations for the next year at 4.0% and for the next five to ten years at 3.3% [4]. Commodity Market - International oil prices increased, with West Texas Intermediate crude oil futures rising by $1.71 to $61.07 per barrel, a 2.88% increase. Brent crude oil futures rose by $1.82 to $65.88 per barrel, a 2.84% increase [7]. - Precious metals reached new highs, with spot gold at $4964.81 per ounce, up 0.6%, and silver rising by 7.0% to $102.89 per ounce, marking a weekly increase of 14.60% [7][8].