Sou Hu Cai Jing·2026-02-13 16:08Market Performance - The three major US stock indices experienced fluctuations, with the Dow Jones down 0.03%, Nasdaq down 0.31%, and S&P 500 down 0.03% as of the report [1] - The "Big Seven" tech stocks, including Nvidia, Tesla, Microsoft, Google, Amazon, Apple, and Meta, all saw declines, with Nvidia dropping nearly 2% and other stocks falling within 1% [2][3] Sector Analysis - The storage sector, which had previously surged, also declined, with SanDisk down over 3% and Micron down over 1% [2] - The Nasdaq China Golden Dragon Index fell by 0.34%, indicating a downturn in Chinese stocks listed in the US [4] Economic Indicators - The US Consumer Price Index (CPI) rose by 2.4% year-on-year in January, lower than December's 2.7%, with core CPI (excluding food and energy) rising by 2.5%, aligning with economists' expectations [6] - The January CPI increased by 0.2% month-on-month, while core CPI rose by 0.3%, both slightly below market expectations [6][8] - Despite some price increases in categories like clothing and airfare, the overall moderation in price growth is seen as a positive sign for the US economy [6] Inflation Insights - Food prices increased by 0.2%, with five out of six major grocery categories experiencing price hikes, while energy prices fell by 1.5% [7] - The automotive market showed weakness, with new car prices rising only 0.1% and used car prices dropping by 1.8% [8] - Following the inflation data release, traders adjusted their expectations for interest rate cuts, now anticipating a total of 63 basis points of cuts this year [8]