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 ...

Market Performance - The US stock indices showed mixed results, with the Dow Jones increasing by 0.1% to a record close, while the S&P 500 and Nasdaq fell by 0.33% and 0.59% respectively [1][2] - The Dow reached a historical high for the third consecutive time, previously surpassing the 50,000 mark [1] Sector Performance - The software sector provided support to the market, with Datadog and ServiceNow rebounding approximately 14% and 4% respectively, and Unity's stock rising by 5% [2] - Major technology stocks mostly declined, with the Nasdaq's seven tech giants index dropping by 0.59%. Only Tesla saw an increase of nearly 2% [3][4] Company News - Datadog reported better-than-expected earnings, projecting a revenue of $3.43 billion for FY2025, a 28% year-over-year increase, with operating cash flow of $1.05 billion and free cash flow of $915 million [2] - Alphabet, Google's parent company, plans to raise nearly $32 billion through bond issuance, including a rare 100-year bond, marking a significant move in the tech sector [3] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.87%, with notable increases in stocks such as Dingdong Maicai (over 7%) and Sohu (over 4%) [5] Commodity Market - Gold prices experienced volatility, with spot gold down 0.78% to $5,019.46 per ounce, and silver down over 3% [6][7] Economic Data - US retail sales data showed stagnation in December, leading to increased bets on potential interest rate cuts by the Federal Reserve [7] - The probability of a 25 basis point rate cut by March is estimated at 19.6%, with a higher likelihood of maintaining current rates [7]

*三大指数分化，道指续创新高 *人工智能资本支出担忧发酵，科技与软件板块承压 *零售销售意外停滞、就业数据修正预期升温 在13个主要零售类别中，有8个出现下滑，包括服装店和家具店，汽车经销商销售额亦有所下降。与此同时，建筑材料和体育用品零售商的支出小幅增长。 美国12月零售销售意外停滞，显示在年末假日消费季接近尾声之际，支出动能明显放缓，消费者在高通胀环境下对非必需品支出保持谨慎。 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。 截至收盘，道琼斯工业平均指数上涨52.27点，涨幅0.10%，报50188.14点。标普500指数下跌23.01点，跌幅0.33%，收于6941.81点；纳斯达克综合指数下跌 136.20点，跌幅0.59%，报23102.47点。 【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 ...

Core Viewpoint - The U.S. stock market showed mixed results with the Dow Jones reaching a new closing high, while the S&P 500 and Nasdaq experienced declines, indicating volatility in the market driven by sector performances and economic data [1][2]. Market Performance - The Dow Jones Industrial Average closed at 50,188.14, up 0.1%, marking its third consecutive record high [2]. - The S&P 500 index fell by 0.33% to 6,941.81, while the Nasdaq dropped 0.59% to 23,102.47 [2]. - The Nasdaq China Golden Dragon Index increased by 0.87%, with notable gains in stocks like Dingdong Maicai and Sohu [6]. Sector Analysis - The software sector provided support to the market, with Datadog and ServiceNow rebounding approximately 14% and 4% respectively, while Unity's stock rose by 5% [2]. - Major tech stocks mostly declined, with Tesla being a notable exception, rising nearly 2%, while Facebook, Amazon, and Nvidia fell close to 1% [3]. - The storage sector underperformed, with Western Digital down over 8% and Seagate Technology down over 6% [5]. Economic Indicators - U.S. retail sales data for December showed a surprising stagnation at 0%, below the expected 0.4%, which has increased speculation about potential interest rate cuts by the Federal Reserve [8]. - The probability of a 25 basis point rate cut by March is estimated at 19.6%, with a higher likelihood of maintaining current rates [8]. Corporate Actions - Alphabet, Google's parent company, is set to issue nearly $32 billion in bonds, breaking records with a rare 100-year bond issuance, marking a significant move in the corporate debt market [3].

周二，蔚来(NIO.US)涨近2%，报4.985美元。据报道，蔚来内部2月9日下午召开了一场全员会。蔚来创 始人、董事长、CEO 李斌于会上表示，2025 年是蔚来不平凡的一年，团队实现了"不可能的任务"。接 下来要继续坚决在技术和产品研发方面坚决进行投入，同时提高研发效率；持续布局充换电基础设施和 销售服务网络的建设；持续推行围绕用户价值创造的全员经营组织变革，争取在2026年实现Non-GAAP 口径下全年盈利。 ...

美东时间周二，三大指数涨跌不一，标普500指数和纳指均录得下跌，道指小幅上涨，再创收盘历史新高。 道指盘中一度录得连续第三个历史新高，此前已在上周五首次突破5万点大关。 （三大指数日内走势，来源：TradingView） 截至收盘，道琼斯指数涨0.10%，报50,188.14点；标普500指数跌0.33%，报6,941.81点；纳斯达克指数跌0.59%，报23,102.47点。 零售股周二明显承压，好市多下跌逾2%，沃尔玛下跌逾1%。 周二公布的最新零售销售数据显示，美国12月消费者支出环比持平，低于预期的增长0.4%。而11月零售销售曾增长0.6%。 Ameriprise Financial首席市场策略师Anthony Saglimbene表示："当前中低收入消费者承压的另一关键因素，是他们对就业环境的感受，而我们知道他们的信 心正在变得更加不确定。如果1月就业增长不及预期，可能会对市场这种'普涨'主题造成一定冲击。" 金融股周二同样承压，PL Financial暴跌8.3%，嘉信理财下跌7.4%，摩根士丹利跌逾2%。 科技平台Altruist推出了一款基于人工智能（AI）的税务规划工具，引发市场对AI冲击 ...

Core Viewpoint - The U.S. stock market showed mixed results with the Dow Jones increasing by 0.1%, while the Nasdaq and S&P 500 indices decreased by 0.59% and 0.33% respectively [1] Group 1: Stock Performance - Major technology stocks experienced varied performance, with Oracle rising over 2% and Tesla increasing more than 1%, while Google and Broadcom fell over 1% [1] - The residential construction, railway transportation, and tourism sectors saw significant gains, with Marriott Hotels rising over 8%, Hilton Hotels increasing over 3%, and Union Pacific up over 2% [1] - Storage and cryptocurrency-related stocks faced notable declines, with Western Digital dropping over 8%, SanDisk down over 7%, and Seagate Technology falling over 6% [1] Group 2: Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.87%, with popular Chinese stocks such as Li Auto increasing by 2.9%, and BYD and Alibaba both rising over 2% [1] - Other Chinese companies like NIO, Xpeng, New Oriental, and JD.com saw increases of over 1%, while Tencent fell by 1.4% and Meituan dropped by 2.8% [1]

当地时间2月10日，美股三大指数收盘涨跌不一，道指涨0.1%，纳指跌0.59%，标普500指数跌0.33%。 据媒体报道，分析指出，美国2025年12月零售销售意外停滞，表明消费者在年末的支出更为谨慎。数据 显示，在13个零售类别中，有8个类别出现下降，包括服装店和家具店。汽车经销商销售额同样下滑。 与此同时，建筑材料商店和体育用品零售商的支出则有所增长。这些数据显示，在假日购物季接近尾声 时，消费者支出动能有所减弱。尽管许多经济学家预计今年的退税将支撑年初的需求，但家庭仍对高昂 的生活成本感到不满，并对就业市场的担忧持续存在。消费者支出的广度也令人担忧。股市上涨创造的 财富可能刺激需求，但有迹象表明，主要依靠温和工资增长的低收入美国人的非必需品支出不那么强 劲。 eToro的Bret Kenwell认为，这份报告"并非灾难"，但也不是建设性信号，尤其是在劳动力市场担忧仍 在，且多种资产类别持续波动的背景下。 同日公布的ADP数据显示，截至1月24日的四周，美国私营部门就业人数平均每周增加6500人。 当地时间2月10日，克利夫兰联储主席贝丝·哈马克表示，她认为当前的货币政策"处在一个良好的位 置"，可以维持 ...

Group 1 - The Nasdaq Golden Dragon China Index has seen a preliminary increase of 0.9% [2] - Notable Chinese concept stocks include: - Autohome rising over 4% - Tencent Music increasing by more than 3% - Li Auto up nearly 3% - Alibaba gaining over 2% - Xpeng Motors, NIO, and JD.com each rising by more than 1% [2]

◎记者 徐潇潇 2026年开年，特斯拉、蔚来、小米等车企发起"7年超低息"车贷竞赛。近期，东风日产推出"0首付，8年 贷"方案，让竞争愈发激烈。 从传统的1至5年期到如今的7至8年期，这场看似"普惠"的营销背后，是车企在新能源渗透率突破54%的 市场变局中的焦虑和突围。然而，当贷款期限超越产品换代周期，当车辆残值难抵未还贷款，在"低月 供"的诱惑之下，一系列隐忧也悄然浮现。 车贷期限"卷"到8年 他表示，传统车贷以车辆为抵押物，期限与车辆残值周期紧密挂钩。如今，"8年贷"已远超一般电动车 的主流换车周期。金融机构的风险模型正在从"资产覆盖风险"转向"用户信用风险"。 在深圳一家东风日产门店，销售人员对上海证券报记者表示："这款车的裸车价是12.99万元，加上购置 税、保险和上牌费，全部落地大概14万元。如果选择8年分期，总利息约27000元，加上裸车的车价，日 供55元左右；选择分期会有2000元政府补贴。" 目前，东风日产已将这一超长期金融方案扩展至全系车型，覆盖N6、N7、轩逸经典等主力车型，同样 支持96期0首付分期。其中，轩逸经典日供最低可至27元。上述销售人员介绍，合作的东风日产汽车金 融是正规持牌 ...