Market Overview - The three major U.S. indices experienced significant declines, with the S&P 500 index falling for the third consecutive trading day [1] - The Dow Jones Industrial Average dropped by 669.42 points (1.34%) to close at 49,451.98 points, while the Nasdaq fell by 469.32 points (2.03%) to 22,597.15 points [1] - Apple recorded its largest single-day drop since April 2025, declining by 5% [1] Cryptocurrency - Bitcoin decreased by 1.9%, trading at $65,810, while Ethereum fell by 0.86% to $1,924.54 [2] Precious Metals - Spot gold fell by 3.15% to $4,922.30, with prices dropping below the $5,000 per ounce mark due to increased selling pressure [3] - Spot silver experienced a significant decline of over 10%, priced at $75.244 per ounce [3] Macro Economic Data - Initial jobless claims in the U.S. decreased by 5,000 to 227,000, slightly above market expectations [4] - The U.S. housing market saw a significant decline in existing home sales, with January's sales dropping to an annualized rate of 3.91 million units, a decrease of 8.4% month-over-month, marking the largest monthly decline since April 2022 [5] Corporate Developments - BlackRock's ETF focused on South Korean semiconductor manufacturers saw a record inflow of $281 million, the largest single-day inflow in its 25-year history, indicating strong investor interest in Asian semiconductor stocks [8] - Nvidia plans to lease a data center financed by $3.8 billion in junk bonds, further fueling the borrowing trend surrounding AI infrastructure [8] - Rivian warned that its losses for the year may exceed expectations, projecting an adjusted EBITDA loss of $1.8 billion to $2.1 billion for 2026, amid challenges in the electric vehicle market [9] Analyst Ratings - Citigroup raised the target price for Cloudflare from $260 to $265, maintaining a buy rating [10]