Zhi Tong Cai Jing·2026-02-27 23:49Market Performance - The three major U.S. indices closed lower, with the Dow Jones down 1.31%, Nasdaq down 0.95%, and S&P 500 down 0.44% for the week [1] - On the last trading day of February, the Dow Jones increased by 0.17%, marking its tenth consecutive month of gains, while Nasdaq fell by 3.38% and S&P 500 decreased by 0.87% [1] - Closing figures for the indices: Dow Jones at 48,977.92, S&P 500 at 6,878.88, and Nasdaq at 22,668.21 [1] Economic Indicators - The U.S. Producer Price Index (PPI) rose faster than expected in January, with the core PPI increasing by 0.8% month-over-month, surpassing December's 0.6% and the forecasted 0.3% [1] Corporate News - U.S. companies announced a record $233 billion in stock buyback plans for February, the highest for that month in history, with a total of approximately 205 companies approving buyback plans [7] - UBS downgraded its rating on U.S. stocks to neutral, citing multiple risks including low operating leverage compared to other regions and high valuations [8] - SpaceX, led by Elon Musk, is considering a confidential IPO application as early as March, aiming for a valuation exceeding $1.75 trillion [9] - Paramount has reached a final merger agreement to acquire Warner Bros. Discovery for an enterprise value of $110 billion, with the deal expected to close in Q3 2026 [10] - Trump Media & Technology Group is exploring the spin-off of its social media platform "Truth Social" into a new publicly traded company [11] - Bank of America raised its price target for Dell Technologies from $135 to $155 [12]