Global News | U.S. stock three major indices close higher, Nasdaq's gain expands to 1%

【U.S. Stock Indices】

On February 24th (Tuesday), U.S. major stock indices all closed higher, with the S&P 500 up 0.77% at 6,890.07; the Dow Jones up 0.76% at 49,174.50; and the Nasdaq up 1.04% at 22,863.68.

【U.S. Treasury Bonds】

On February 24th, the benchmark 10-year U.S. Treasury yield was 4.04%, and the 2-year Treasury yield, most sensitive to Federal Reserve policy rates, was 3.43%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia rose 0.68%, Apple increased 2.24%, Google Class C fell 0.25%, Google Class A declined 0.19%, Microsoft gained 1.18%, Amazon rose 1.60%, TSMC increased 4.27%, Meta up 0.32%, Tesla up 2.39%, Super Micro Semiconductor surged 8.77%, and Intel rose 5.71%.

【Global Indices】

【Chinese Indices】

On February 24th, overnight Hang Seng Tech Index futures fell 2.18%, Nasdaq China Golden Dragon Index rose 1.37%, and FTSE China A50 Index increased 0.14%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 3.35%, Alibaba rose 0.24%, Pinduoduo increased 1.06%, NetEase up 0.73%, Baidu declined 0.23%, Ctrip gained 1.59%, Li Auto rose 1.30%, Xpeng Motors increased 6.75%, and NIO rose 0.19%.

【Forex and Commodities】

【Global News】

Democrats Say U.S. Department of Homeland Security Shutdown Talks Stall

On February 24th, local time, Democratic leaders stated that negotiations with the White House to restore DHS operations have reached a deadlock. Funding for the department expired on January 30th. Senate Democratic Leader Schumer said that after Democrats proposed a shutdown-ending plan last week, “all I hear is silence,” and accused the White House of making no concessions on key issues, including requiring federal immigration enforcement officers to remove masks during enforcement and obtaining search warrants before entering residences. (CCTV News)

Fed’s Collins: Likely to Keep Current Rates for Some Time

Boston Fed President Susan Collins said recent employment data is encouraging. The job market softened last year but is not weak; although fragile, its stability may have improved. She is seeking more evidence to confirm that the cooling of inflation has restarted. The baseline view is that inflation should fall later this year. She also indicated that it’s very likely to keep current rates for some time, with Fed policy remaining somewhat tight, possibly approaching neutral, and monetary policy currently in a position to address risks.

Nasdaq Composite Rises 1%

The Nasdaq Composite’s gains expanded, now up 1.0%, at 22,854.79 points.

Meta Aims to Enter Stablecoin Sector Later This Year

Meta aims to enter the stablecoin sector later this year.

Fed Official Cook: Neutral Interest Rate May Be Higher Than Pre-Pandemic Levels Due to Investment

Fed official Cook: Due to investment, the neutral interest rate may be higher than pre-pandemic levels.

Microsoft: Combining Near-Earth Satellite Connectivity with Community-Based Deployment and Local Ecosystem Partnerships

Microsoft: Combining near-Earth satellite connectivity with community-based deployment models and local ecosystem partnerships.

Intel Turns to AI Chip Startup SambaNova After Deal Collapse

Intel participated in a $350 million investment in SambaNova and reached a deep partnership. Previously, there were reports that Intel considered acquiring the company for $1.6 billion, but negotiations fell through.

Google Expands Texas Operations with New Data Center

Google will expand its operations in Texas through a new data center.

Everbright Futures: Safe-Haven Sentiment Boosts Precious Metals, Silver Returns to Strength?

On the first trading day of the Year of the Dragon, Shanghai silver led gains, soaring 11% intraday, leading precious metals higher. During the Spring Festival holiday, complex geopolitical situations overseas and changes in U.S. tariffs increased safe-haven demand, boosting precious metals. Silver is still expected to become the most volatile star in the commodities market in 2026, but upward movement requires further confirmation of gold’s bullish trend.

Geopolitical tensions between the U.S. and Iran are escalating. As the U.S. deploys heavy forces to the Middle East, with two aircraft carriers on alert, Iran nuclear negotiations face clouds, and war risks tighten. The current window for conflict is critical, with a third round of indirect talks scheduled for February 26, focusing on Iran’s uranium enrichment restrictions. Additionally, U.S. tariffs are resurging, supporting safe-haven flows. The Supreme Court ruled that Trump’s tariffs under IEEPA were unlawful and must be stopped and refunded, but this does not affect the U.S. government’s right to impose tariffs under other laws; subsequently, the U.S. announced a 10% global import tariff, which was raised to 15% on the 23rd. Reports indicate the U.S. is considering imposing new tariffs on about six industries, including large batteries and energy storage, citing “national security” concerns.

During the Spring Festival, precious metals again showed sensitivity to macro events, with short-term volatility in silver increasing. Attention is on geopolitical tensions and overseas tariff adjustments affecting prices. (Everbright Futures)

Meta and AMD Reach Multi-Billion Dollar AI Chip Procurement Deal

Reportedly, Meta has reached a multi-billion dollar AI chip procurement agreement with AMD. (Cailian Press)