Market Overview - The U.S. stock market opened lower with all three major indices declining: Dow Jones down 0.36%, S&P 500 down 0.75%, and Nasdaq down 1.16% [1] - The Chicago Board Options Exchange Volatility Index (VIX), known as the "fear index," reached 22.50, up from around 17 at the beginning of last week [1] Major Technology Stocks - Major tech stocks opened lower, with Tesla down over 3%, Google down over 2%, and Microsoft and Nvidia down over 1.4%. Apple, however, saw a slight increase of 1.17%, while Amazon fell by 1.31% [2] - Year-to-date, the index of the seven major tech companies has decreased by 7.2% [2] Individual Stock Performance - Apple (AAPL) was at $258.77, up 1.17% [3] - Facebook (Meta Platforms) was at $632.41, down 1.15% [3] - Amazon (AMZN) was at $196.19, down 1.31% [3] - Microsoft (MSFT) was at $395.33, down 1.49% [3] - Nvidia (NVDA) was at $179.85, down 1.62% [3] - Google (Alphabet) was at $299.46, down 2.14% [3] - Tesla (TSLA) was at $404.23, down 3.16% [3] - TSMC shares fell by 1.9%, Broadcom by 1.4%, Oracle by 3.26%, and Micron Technology by 3.1% [3] Gold and Silver Stocks - U.S. gold stocks fell, with Harmony Gold down 6%, Kinross down 4.6%, and Pan American Silver down 4.4% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.05%, closing at 7595.70 points [5] - Chinese stocks showed mixed performance, with Century Internet up over 3%, NIO, Vipshop, and Pinduoduo up over 1%, while Kingsoft Cloud fell over 2% [5] Precious Metals - Precious metals saw declines, with spot gold dropping below $4850 and spot silver also falling below $72, marking new lows since February 6 [6] - As of the latest update, spot gold was down 2.64% and spot silver down 5.5% [6] Oil Prices - WTI crude oil fell by 1.76%, trading at $62.61 per barrel, while Brent crude oil dropped by 1.6% to $67.55 per barrel [8] Cryptocurrency - Bitcoin fell below $67,000, down 2.9% for the day, with over 77,000 people liquidated in the global market [10]

Group 1 - The U.S. has deployed 18 F-35 fighter jets to the Middle East amid high-stakes negotiations with Iran, indicating rising tensions in the region [2][7] - Gold imports by India in January reached $12.07 billion, highlighting the country's significant demand for gold [2][12] - The Hong Kong stock market showed resilience, closing up 0.52% at 26,705.94 points, with sectors like storage, semiconductors, and precious metals performing well [3][4] Group 2 - The WTI crude oil price increased by 1.48% to $63.6 per barrel, while Brent crude rose by 1.43% to $68.16 per barrel, reflecting market reactions to geopolitical developments [4][5] - The U.S. dollar index rose to 97.09 points, marking a 0.24% increase, indicating a strengthening dollar amidst global market fluctuations [4][5] - European stock indices showed mixed results, with Germany's DAX30 down 0.46% and the UK's FTSE 100 up 0.26%, reflecting varied investor sentiment across the region [2][5]

Group 1 - Meituan expects a net loss of approximately RMB 233 billion to RMB 243 billion for the fiscal year ending December 31, 2025, a stark contrast to a net profit of RMB 358.08 billion in 2024, indicating a significant reversal of nearly RMB 600 billion [9][11][24] - The primary reason for this drastic change is the expected operating loss of RMB 68 billion to RMB 70 billion in its core local business segment, which had an operating profit of approximately RMB 524.15 billion in 2024 [11][26][28] - The company attributes this loss to intensified competition in the industry and a strategic increase in ecosystem investments, which include enhanced marketing efforts, rider incentives, and resource allocation to improve operational efficiency [13][26][28] Group 2 - Meituan's stock price has dropped 22.5% since its peak in January, closing at HKD 82.5 on February 13, with its market capitalization briefly falling below HKD 500 billion [7][22] - The company anticipates that the trend of losses will continue into the first quarter of 2026, although it maintains that its operational status remains stable and it has sufficient cash to support business development [13][28] - The Hang Seng Technology Index, which includes Meituan and other internet companies, has seen a decline of 6.26% since February, reflecting broader market challenges [28][29]

Core Viewpoint - Amazon's stock price has experienced a nine-day decline, entering a technical bear market, making it the second member of the "Mag7" (the seven largest U.S. tech companies) to do so, following Microsoft. The total market value of the Mag7 has decreased by approximately $1.51 trillion this year [1][2]. Group 1: Stock Performance - Amazon's stock closed at $198.79 per share, down over 23% from its recent peak [2]. - Microsoft was the first Mag7 member to enter a bear market, with its stock down 27.8% from its recent high as of Friday's close [2]. - Meta is on the verge of entering a bear market, having declined 19.6% from its peak, just 0.4% away from the 20% threshold [2]. Group 2: Institutional Selling - UBS and Goldman Sachs have significantly reduced their holdings in several major U.S. tech stocks, as indicated in their recent 13F filings with the SEC [2][4]. - UBS reduced its stake in Nvidia by 10.57 million shares, representing an 11.47% decrease, and also reduced its positions in Microsoft, Apple, Amazon, and Google by varying percentages [4]. - Goldman Sachs also reduced its holdings in Microsoft, Tesla, Broadcom, and Meta, with reductions ranging from 5.86% to 13.51% [4]. Group 3: Market Trends and Influences - The decline in the Mag7 stocks coincides with similar trends in the A-share market, indicating a potential shift in global investment styles [5]. - Factors contributing to this trend include investor skepticism regarding the return on investment from AI expenditures by tech giants and a potential negative shift in free cash flow due to increased capital expenditures [5]. - The U.S. short-term liquidity market is showing signs of strain, with overnight reverse repos dropping to a low of $3.77 billion, indicating a tightening liquidity environment [5].

Group 1 - Amazon's stock price has fallen for nine consecutive days, entering a technical bear market, becoming the second member of the "Magnificent Seven" (Mag7) to do so, following Microsoft [1][2] - The total market capitalization of the Mag7 has decreased by approximately $1.51 trillion (about 10.4 trillion yuan) this year [3] - Microsoft was the first Mag7 member to enter a bear market, with its stock price down 27.8% from recent highs as of Friday's close [2][3] Group 2 - UBS and Goldman Sachs have significantly reduced their holdings in several major U.S. tech stocks, as indicated in their recent 13F filings with the SEC [1][5] - UBS reduced its stake in Nvidia by 10.57%, Microsoft by 7.64%, Apple by 10.57%, Amazon by 4.57%, and Google by 9.05% [5] - Goldman Sachs also reduced its holdings in Microsoft by 5.86%, Tesla by 8.27%, Broadcom by 9.33%, and Meta by 13.51% [5] Group 3 - The decline in the Mag7 stocks coincides with similar trends in the A-share market, indicating a potential shift in global investment styles [6] - Factors contributing to these changes include investor skepticism regarding the return on investment from AI spending by tech giants and a potential shift in global liquidity and macroeconomic conditions [7] - The U.S. short-term liquidity market is reportedly experiencing a significant contraction, with overnight reverse repos dropping to a very low level, indicating a tightening of liquidity [7]

美股风格大变局！ 今年以来，Mag7杀跌惨重。微软是首家进入熊市的Mag7成员，股价于1月29日跌入熊市。截至周五收盘，微软股价较近期高点下跌27.8%。Meta可能成为下一个跌 入熊市的Mag7成员，截至周五收盘，较去年高点累跌19.6%，距离熊市的20%跌幅门槛仅差0.4%。 据券商中国记者统计，今年以来，Mag7市值皆出现了显著收缩，总市值蒸发约1.51万亿美元。 | 序号 | 证券代码 | 证券简称 | 总市值1 | 总市值1 | | | --- | --- | --- | --- | --- | --- | | | | | [交易日期] 2026-2-14 [单位] 亿元 | [交易日期] 2025-12-31 [单位] 亿元 | | | 1 | MSFT.O | 微软(MICROSOFT) | 29,800.5346 | | 35,928.1298 | | 2 | AMZN.O | 亚马逊(AMAZON) | 21.339.9492 | | 24.450.7626 | | 3 | NVDA.O | 英伟达(NVIDIA) | 44,422.8300 | | 45,319.5000 | | ব | ...

2026.02.14 本文字数：1770，阅读时长大约3分钟 作者 | 第一财经 樊志菁 周五美股涨跌互现，通胀数据降温支撑了市场对美联储降息的预期，科技股仍然面临AI 相关担忧引发 的剧烈波动。截至收盘，道指涨48.95点，涨幅0.10%，报49500.93点，纳指跌0.22%，报22546.67点，标 普500指数涨0.05%，报6836.17点。 本周道指累计下跌1.28%，纳指跌1.49%，标普500指数跌1.45%。 标普500指数本周录得去年11月以来最大单周跌幅，道琼斯工业平均指数也将迎来去年11月以来最深周 度跌幅。芝加哥期权交易所波动率指数（VIX）早盘一度触及 22.40 点高位，突破20的关键心理关口。 | 道琼斯工业平均 纳斯达克 | 标普500 | | --- | --- | | 49500.93 22546.67 | 6836.17 | | +48.95 +0.10% -50.48 -0.22% +3.41 +0.05% | | 【热门股表现】 明星科技股跌多涨少。特斯拉涨0.09%，微软跌0.13%，亚马逊跌0.41%，日线九连阴创近20年最差纪 录，谷歌，Meta跌超1%，英伟 ...

作者 | 第一财经 樊志菁 周五美股涨跌互现，通胀数据降温支撑了市场对美联储降息的预期，科技股仍然面临AI 相关担忧引 发的剧烈波动。截至收盘，道指涨48.95点，涨幅0.10%，报49500.93点，纳指跌0.22%，报22546.67 点，标普500指数涨0.05%，报6836.17点。 本周道指累计下跌1.28%，纳指跌1.49%，标普500指数跌1.45%。 标普500指数本周录得去年11月以来最大单周跌幅，道琼斯工业平均指数也将迎来去年11月以来最深 周度跌幅。芝加哥期权交易所波动率指数（VIX）早盘一度触及 22.40 点高位，突破20的关键心理关 口。 【热门股表现】 2026.02. 14 本文字数：1770，阅读时长大约3分钟 纽约斯巴达资本证券公司首席市场经济学家彼得・卡迪略表示："归根结底，这是一份不错的数据。 它表明我们虽然未达到美联储2%的通胀目标，但通胀并未加速，或许在关税带来的通胀压力方面， 我们开始看到一丝曙光。压力依然存在，但正在缓和。" Osaic首席市场策略师菲尔・布兰卡托表示："对市场和即将上任的美联储主席凯文・沃什来说，这应 是利好消息。这虽只是一个月的数据，但如果趋 ...

当地时间2月13日，美国劳工统计局公布的CPI数据显示当前通胀水平较为温和，推动市场对美联储6月降息的预期升温。受此影响，贵金属价格明显走 高。截至当日收盘，美国三大股指涨跌不一，大型科技股整体承压，国际油价小幅上行。 美股收盘涨跌不一 受通胀数据影响，当地时间2月13日，美国股市表现分化。Wind数据显示，截至当日收盘，三大股指涨跌不一，道指上涨0.1%，标普500指数上涨0.05%， 纳指下跌0.22%。 美国劳工统计局当日公布的数据显示，1月CPI环比上涨0.2%、同比上涨回落至2.4%。随着通胀压力边际缓解，根据芝商所（CME）美联储观察工具，市 场对美联储6月降息的预期有所增强。 大型科技股整体承压。万得美国科技七巨头指数下跌1.31%。其中，苹果、英伟达跌超2%，Meta、谷歌母公司Alphabet-C跌逾1%，亚马逊、微软小幅下 跌，特斯拉微涨0.09%。 降息预期推动贵金属价格走高 降息预期升温叠加避险需求回升，推动贵金属价格走高。截至北京时间6:03，伦敦金现货价格涨2.41%，报5042.808美元/盎司，盘中最高报5046.261美元/ 盎司；COMEX黄金期货价格涨2.3%，报5062 ...

每经记者｜范芊芊 每经编辑｜何小桃 陈鹏程 王晓波 标题点睛 国际贵金属价格走高，现货黄金涨2.41%，报5042.81美元/盎司；COMEX黄金期货涨2.33%，报5063.8美元/盎司。现货白银涨2.81%，报77.34美元/盎司； COMEX白银期货涨2.10%报77.27美元/盎司。 美股三大指数收盘涨跌不一，道指涨0.1%，纳指跌0.22%，标普500指数涨0.05%，热门科技股多数下跌，英伟达、苹果跌超2%，谷歌、Meta、博通跌超 1%。 当地时间2月13日，美国总统特朗普在接受媒体采访时被问及是否会访问委内瑞拉，他回应称："我将访问委内瑞拉。" 1 隔夜市场 美股三大指数收盘涨跌不一，道指涨0.1%，纳指跌0.22%，标普500指数涨0.05%，热门科技股多数下跌，英伟达、苹果跌超2%，谷歌、Meta、博通跌超 1%；加密货币概念、贵金属涨幅居前，Coinbase涨超16%，科尔黛伦矿业涨超7%，泛美白银涨超6%，HUT8涨超5%，皇家黄金、金田涨超4%；博彩、邮 轮板块跌幅居前，挪威邮轮跌超7%，佩恩国民博彩跌超5%，嘉年华邮轮跌超2%。中概股涨跌不一，纳斯达克中国金龙指数跌0.10%，腾讯 ...