Mei Ri Jing Ji Xin Wen·2026-03-04 10:09Market Overview - Major U.S. stock index futures are down, with Dow futures falling by 0.29%, S&P 500 futures down by 0.19%, and Nasdaq futures decreasing by 0.22% [1] - Large tech stocks are experiencing declines, with Meta and Apple down by 0.3%, Nvidia down by 0.4%, Microsoft down by 0.5%, Tesla down by 0.6%, Google A down by 0.8%, and Amazon down by 0.9% [1] Oil and Cryptocurrency - Oil stocks are slightly up, with Exxon Mobil increasing by nearly 0.1%, Chevron up by 0.12%, and ConocoPhillips up by 0.58%. As of the latest update, WTI crude oil and Brent crude oil futures have risen by 2.08% and 3.26%, respectively, although the gains are narrowing compared to the previous two trading days [1] - Bitcoin has surpassed $71,000, with cryptocurrency-related stocks seeing gains. Figure is up over 1%, Circle up over 4%, and both Strategy and Coinbase up over 5%. Bitcoin is currently priced at $71,113.6, reflecting a 6.0% increase in the last 24 hours, while Ethereum is at $2,070.22, up by 5.32% [1] Company News - Alibaba's stock dropped over 1.6% following the resignation announcement of Lin Junyang, the core leader of Qwen. Lin, who is the youngest P10-level technical leader at Alibaba, stated he needs rest and assured that the team would continue as planned [2] - Billionaire Leo KoGuan, a major shareholder in Tesla, has invested over $100 million in Nvidia, purchasing 1 million shares. He expressed confidence that the AI wave is not a bubble and plans to buy another 1 million shares soon [2] Economic Indicators - The U.S. dollar has retreated from a three-month high, influenced by reduced demand for safe-haven assets. The dollar's previous rise was driven by inflows due to geopolitical tensions and rising oil prices [2] - Upcoming economic data releases include the U.S. ADP employment change for February and the ISM non-manufacturing index for February [3]