2 1 Shi Ji Jing Ji Bao Dao·2026-02-20 16:22Core Viewpoint - The U.S. stock market showed a collective rebound after a low opening, with major indices experiencing positive movements, particularly in technology stocks, while Chinese concept stocks faced declines [1][2]. Group 1: U.S. Stock Market Performance - The Dow Jones Industrial Average rose by 118.86 points, or 0.24%, to 49,514.02 [2]. - The Nasdaq index increased by 178.72 points, or 0.79%, reaching 22,861.45 [2]. - The S&P 500 gained 34.48 points, or 0.50%, closing at 6,896.37 [2]. Group 2: Technology Sector Highlights - Amazon's stock rose by 2.44%, while Walmart's fell by 1.78%, marking Amazon's overtaking of Walmart as the world's highest annual revenue company with $717 billion compared to Walmart's $713.2 billion [2]. - Intel's stock dropped nearly 3%, while Google saw an increase of over 2% [2][3]. Group 3: Chinese Concept Stocks - Chinese concept stocks generally declined, with notable drops including a more than 4% decrease for WeRide and over 3% for Bilibili [3][4]. - Baidu and NetEase both fell by over 2% [3][4]. Group 4: Commodities and Cryptocurrencies - Gold prices saw a slight increase of 0.5%, reaching $5,023.45 per ounce, while silver surged nearly 4%, hitting $81.5 per ounce [4]. - In the cryptocurrency market, Bitcoin rose by 1.4% to $67,837.55, and Ethereum increased by 0.8% [5]. Group 5: Economic Indicators and Federal Reserve Outlook - The U.S. core PCE price index rose by 3.0% year-on-year, indicating inflation pressures, with expectations that the Federal Reserve may delay interest rate cuts until July [6]. - The U.S. GDP growth forecast for 2025 is 2.2%, down from 2.8% in 2024 [6].