2026.02. 11 本文字数：2288，阅读时长大约4分钟 作者 | 第一财经 胡弋杰 美国股市周二走势分化。道指小幅收高并再创历史新高，而标普500指数与纳指则回落，标普通信服 务板块表现最弱，成为当日主要拖累之一。投资者一边消化最新企业财报，一边评估疲软的零售销售 数据，为本周即将密集公布的一系列宏观经济指标提前定调。 多位经济学家表示，尽管股市上涨可能通过财富效应提振需求，但依赖温和工资增长的低收入家庭， 其消费韧性明显不足。家庭对生活成本居高不下的不满情绪，以及对就业前景的担忧，仍在制约消费 意愿。 热门股表现 大型科技股多数下跌。特斯拉上涨1.89%；谷歌下跌1.77%，Meta下跌0.96%，亚马逊跌 0.84%，英伟达下跌0.79%，苹果下跌0.34%，微软跌0.08%。甲骨文上涨2.11%，博通跌 1.02%，美光科技下跌2.67%，英特尔大跌6.19%，成为科技板块中表现最弱的个股之一。 谷歌母公司Alphabet宣布发行规模达200亿美元的债券，这一消息加剧了投资者对大型科技公司资 本支出规模的疑虑。亚马逊、Alphabet、Meta与微软正竞相争夺人工智能主导地位，预计到2026 年 ...

本文源自：金融界AI电报 美股周二收盘，道指初步收涨0.1%，标普500指数跌0.3%，纳指跌0.59%。英伟达(NVDA.O)跌近1%， 标普全球(SPGI.N)跌近10%，英特尔(INTC.O)跌6%，西部数据(WDC.O)跌8.1%。纳斯达克中国金龙指数 涨0.87%，阿里巴巴(BABA.N)涨2%，叮咚买菜(DDL.N)涨7%。 ...

Core Viewpoint - S&P Global's stock price fell significantly due to disappointing earnings forecasts for 2026, which were below analyst expectations [1] Group 1: Earnings Forecast - The company projected adjusted diluted earnings per share for the year to be between $19.40 and $19.65, which is lower than the average analyst expectation of $20 [1] - This earnings forecast has led to a notable decline in investor confidence, reflected in the stock price drop [1] Group 2: Stock Performance - Following the earnings forecast announcement, S&P Global's stock price decreased by 8.8%, reaching $404.99 [1] - At one point, the stock price had dropped as much as 11% during trading [1]

【时政新闻】 美股三大股指期货盘前齐跌，截至发稿，道指期货跌0.21%，标普500指数期货跌0.16%，纳指期货跌 0.22%； 美国12月零售销售月率0%，前值0.60%； 欧洲主要股指涨跌不一，截至发稿，英国富时100指数跌0.41%，法国CAC40指数跌0.02%，德国DAX指 数跌0.27%，欧洲斯托克50指数涨0.05%； 美国第四季度劳工成本指数季率0.7%，前值0.80%； 美国12月出口物价指数年率 3.1%，前值3.30%； 美国1月NFIB小型企业信心指数为99.3，前值99.5； 美贸易代表确认墨加贸易谈判正在进行； 俄罗斯总统与南非总统通电话，讨论加强贸易合作； 【市场动态】 【公司新闻】 标普全球美股盘前跌超16%，去年第四季度利润未达市场预期； Spotify盘前股价涨超10%，公司预计第一季度利润超预期； 可口可乐美股盘前跌超3%，公司第四季度净营收不及市场预期。 ...

标普全球(SPGI.N)盘前一度下跌18%，现跌16%。 本文源自：金融界AI电报 ...

标普全球美股盘前跌超10%，现报398.02美元。 ...

Core Insights - The article discusses the rapid development of artificial intelligence (AI) technology and its implications for various companies and industries, highlighting significant advancements and market trends in AI-related sectors [3]. Group 1: AI Developments - OpenAI is launching a new platform called Frontier to assist businesses in deploying AI agents, aiming to solidify its leadership in automating high-value work tasks [5]. - Anthropic has released a new AI model named Claude Opus 4.6, designed for financial research, which can analyze corporate data and generate detailed financial reports, significantly reducing the time required for such tasks [6]. Group 2: Market Reactions - Following the announcement of Anthropic's AI model, stock prices of financial service companies dropped, with FactSet Research Systems Inc. experiencing a decline of up to 10% [7]. - Goldman Sachs indicated that Oracle's record bond issuance, which raised $25 billion, has injected confidence into the debt market, paving the way for other tech giants to raise funds for AI infrastructure [8]. Group 3: Company-Specific Updates - Apple is reportedly scaling back its virtual health coach program, known as "Mulberry," as it reassesses its health services strategy amid increasing competition in the health tracking market [10]. - Amazon reported fourth-quarter net sales of $213.39 billion, exceeding analyst expectations, and projected capital expenditures of approximately $200 billion by 2026, significantly higher than previous estimates [11]. - NVIDIA will not release a new gaming graphics chip this year due to a global shortage of storage chips, marking the first time in 30 years that the company has not launched a new gaming GPU [12].

Group 1 - SpaceX is reportedly planning to launch Starlink phones and expand its business into new market areas, although Elon Musk has denied any current phone development [2][3] - Anthropic has released a new AI model, Claude Opus 4.6, designed for financial research, which has led to a significant drop in financial service stocks, with FactSet Research Systems Inc. experiencing a decline of up to 10% [6] - In January, U.S. companies announced a total of 108,435 layoffs, marking a year-on-year increase of 118%, the highest for the same period since 2009 [7] Group 2 - Amazon reported a net profit of $21.19 billion for Q4, a 6% year-on-year increase, with sales revenue reaching $213.39 billion, up 13.6% [7][9] - Amazon plans to invest approximately $200 billion in capital expenditures by 2026 and expects Q1 revenue to be between $173.5 billion and $178.5 billion [8] Group 3 - Canada has announced a new electric vehicle strategy, including a partnership with China to boost domestic production and export of electric vehicles [10] - Meituan plans to acquire the leading fresh e-commerce company Dingdong for $717 million, which will make Dingdong a wholly-owned subsidiary of Meituan [11][13] Group 4 - The European Central Bank is expected to maintain its interest rates at 2.00% for the deposit facility, 2.15% for the main refinancing operations, and 2.40% for the marginal lending facility [34] - Starlink's potential phone launch and Anthropic's AI advancements are indicative of ongoing technological shifts impacting various sectors [2][6] Group 5 - The CEO of Nvidia, Jensen Huang, refuted concerns about AI replacing software tools, emphasizing that AI will utilize existing tools rather than replace them [36]

Group 1 - Nomura Securities predicts that the Bank of Korea has ended its current rate-cutting cycle, with a shift in policy risk towards rate hikes by 2026, supported by economic recovery in consumption, construction, and the semiconductor industry [1] - Standard & Poor's Global reports that the UK's PMI has stabilized, with business confidence recovering, although growth remains weak, as the composite PMI rose to 52.1 in December [2] - The Australian Federal Bank expects the Reserve Bank of Australia to raise interest rates to 3.85% by February 2026, with a tightening cycle potentially beginning due to core inflation remaining above 3% for five consecutive quarters [3] Group 2 - The OECD Secretary-General states that the AI investment boom will continue, significantly boosting productivity and economic growth in the medium to long term, despite a projected slowdown in global growth from 3.2% in 2025 to 2.9% in 2026 due to increasing trade headwinds [2] - The economic outlook for the Eurozone is uncertain, with a decline in Germany's industrial performance dragging down overall results, as the composite PMI fell to 51.9 in December, indicating a contraction in manufacturing for two consecutive months [2] - Morningstar DBRS has a negative outlook on the global private credit industry, warning that declining borrower profit margins may increase default rates in 2026, although the industry remains resilient despite regulatory tightening in the US and UK [3]

Market Dynamics - The correlation between price movements and economic data/news has weakened again, with rising yields being the market's default choice in both the US and Eurozone [2] - Eurozone economic data is generally lackluster, while US data shows mixed signals, with consumer confidence assessments exceeding expectations but inflation expectations declining [2] - The US yield curve has generally risen by 3.7-3.9 basis points, moving further away from recent support levels, with the 2-year yield at 3.56% [2] - The market is maintaining a neutral stance ahead of the Federal Reserve's policy decision, despite expectations for further easing [2] - Eurozone swap rates have also increased by over 3-4 basis points, with slight narrowing of the French-German bond yield spread [2] Federal Reserve Focus - Market attention remains on the upcoming Federal Reserve meeting, with expectations for a cautious stance and a potential 25 basis point rate cut to mitigate labor market risks [3] - The Fed's decision-making is still characterized by significant internal disagreement, with no hard data to support a change in the current policy stance [3] - Future guidance on potential easing will depend on labor market and CPI data updates following the Fed's decision [3] Hungary Credit Rating - Fitch has maintained Hungary's BBB credit rating but revised the outlook from stable to negative due to deteriorating public finance conditions [4] - The agency forecasts the deficit to widen from 5% this year to 5.6% by 2026, exceeding previous expectations [4] - Debt-to-GDP ratio is projected to rise from 73.5% in 2024 to 74.6% by the end of 2027, with economic growth expected to stabilize around 2.3% next year [4] UK Employment Report - The S&P Global UK employment report indicates a continued decline in recruitment activity, with permanent job vacancies decreasing for the fifth consecutive month [5] - Temporary worker pay has slightly decreased, while permanent salary growth remains at historical lows due to increased labor supply and intense job competition [5] - The current environment is described as complex and variable, with pre-budget tension impacting temporary hiring [5]