美股震荡收跌，非农数据亮眼改写降息路径？美光闪迪飙升10%，引爆存储板块，AI应用软件股集体下挫

Market Overview - The US stock market experienced a volatile session on February 11, with major indices closing slightly lower after an initial boost from better-than-expected January non-farm payroll data [1] - The Dow Jones Industrial Average fell by 0.13% to 50,121.40 points, the S&P 500 decreased by 0.34% to 6,941.47 points, and the Nasdaq Composite dropped by 0.16% to 23,066.47 points [1] Employment Data - The January non-farm payroll data showed a significant increase of 130,000 jobs, surpassing the market expectation of 55,000, with the unemployment rate dropping to 4.3% [3][4] - The majority of new jobs (124,000) were concentrated in the healthcare sector, which is double the normal growth rate for 2025, while other sectors contributed minimally [3] - Despite the positive headline figures, there are concerns about the labor market's recovery, as previous employment data has been revised downward [3] Federal Reserve Policy Expectations - The strong employment data has led to a shift in market expectations regarding the Federal Reserve's monetary policy, delaying the anticipated rate cuts [4] - The probability of the Fed maintaining rates in March is now at 94.1%, with only a 5.9% chance of a 25 basis point cut [4] - The next expected rate cut has been pushed from June to July, reflecting a cautious outlook on monetary easing [4] Sector Performance - The semiconductor and storage sectors stood out, with the Philadelphia Semiconductor Index rising by 2.28%, and Micron Technology and SanDisk seeing gains of 9.94% and 10.65%, respectively [5] - In contrast, large tech stocks and software companies underperformed, with the major tech index declining by 0.57% [5] - Notable declines were observed in companies like Google and Microsoft, both dropping over 2%, while Apple saw a slight increase of 0.67% despite negative news regarding its AI features [5] Commodity Prices - International precious metals prices surged, with COMEX gold futures rising by 1.53% to $5,107.80 per ounce, and silver futures increasing by 4.6% [11] - Oil prices also climbed, with NYMEX WTI crude futures up by 1.05% to $64.63 per barrel, driven by geopolitical factors and discussions between the US and Venezuela regarding energy cooperation [11] Company News - Meta announced an investment of over $10 billion to build a 1 GW data center in Indiana, enhancing its AI infrastructure [12] - Google introduced a new AI shopping feature integrated into its search engine and Gemini chatbot, aiming to accelerate AI commercialization [12] - Kraft Heinz has paused its spin-off plan, focusing on improving company performance under new leadership [12]