Overnight U.S. Stocks | Tech Stocks Rebound Collectively, NVIDIA Rises Nearly 9%

According to Zhitong Finance, U.S. stocks closed higher on Tuesday, led by technology stocks, with the Nasdaq and S&P 500 partially recovering from Monday's significant losses. The market continues to assess the potential impact of Chinese startup DeepSeek and its AI model on U.S. AI trading. Investors are also focused on earnings reports from tech stocks like Microsoft and Apple, the Federal Reserve's monetary policy meeting, and the latest tariff threats issued by Trump.

[U.S. Stocks] As of the close, the Dow Jones Industrial Average rose 136.77 points, or 0.31%, to 44,850.35 points; the Nasdaq rose 391.75 points, or 2.03%, to 19,733.59 points; the S&P 500 index rose 55.42 points, or 0.92%, to 6,067.70 points. NVIDIA (NVDA.US) closed up over 8.9%. The company plummeted nearly 17% on Monday, losing nearly $600 billion in market value, marking the largest single-day drop in the history of U.S. listed companies. Broadcom (AVGO.US) and Oracle (ORCL.US) rose 2.6% and 3.6%, respectively, after both stocks fell 17.4% and 13.8% on Monday. Apple (AAPL.US) rose nearly 4% to maintain its position as the world's largest company by market value, while Microsoft (MSFT.US) rose nearly 3%.

[European Stocks] The German DAX 30 index rose 0.70%; the UK FTSE 100 index rose 0.35%; the French CAC 40 index fell 0.12%; the Euro Stoxx 50 index rose 0.14%; the Spanish IBEX 35 index rose 1.31%; the Italian FTSE MIB index fell 0.12%.

[Asia-Pacific Stock Markets] Most Asian markets were closed for the Spring Festival holiday, with the Nikkei 225 index down 1.39%.

[Cryptocurrency] Bitcoin briefly followed the rebound of risk assets, breaking above $103,000, but turned to decline towards the end: as of the time of writing, it was down 0.99%, at $101,085.9.

[Gold] COMEX gold futures rose 1.21%, to $2,771.40 per ounce. Spot gold rose 0.83%, to $2,763.47 per ounce, having reached a daily high of $2,765.05 near the close of U.S. stocks.

[Crude Oil] Brent crude oil futures for March closed up $0.41, or 0.53%, at $77.49 per barrel; WTI crude oil futures for March closed up $0.60, or 0.82%, at $73.77 per barrel.

[Macroeconomic News]

U.S. durable goods orders unexpectedly fell 2.2% month-on-month in December, with a significant decrease in aircraft orders. The U.S. Department of Commerce reported on Tuesday that core durable goods orders in December grew more than expected, but overall durable goods orders unexpectedly declined due to a sharp drop in aircraft orders. Core capital goods shipments in December increased by 0.6%, the highest growth rate in nearly a year, which will help economists adjust estimates for business equipment spending in the fourth quarter of U.S. GDP.

"New Federal Reserve News Agency" hints: Tariffs are a key uncertainty for future Fed actions. Timiraos stated that it is widely expected that the Federal Reserve will pause interest rate cuts at this week's meeting, and when or whether the Fed resumes rate cuts largely depends on the inflation outlook, which may be influenced by tariffs The Federal Reserve's response to tariffs this time may differ from that during Trump's first term. The United States has just experienced high inflation, and both businesses and consumers are more sensitive to price pressures. Once inflation expectations rise, there may be sustained higher price growth in the future.

Affected by the job market, the U.S. Consumer Confidence Index fell to a four-month low. Due to weakened optimism about the labor market and overall economic outlook, the U.S. Consumer Confidence Index unexpectedly fell to a four-month low in January. Data released on Tuesday showed that the Conference Board Consumer Confidence Index dropped 5.4 points to 104.1 in January. The median estimate from economists surveyed by Bloomberg was 105.7. The present situation index fell nearly 10 points, while the expectations index for the outlook over the next six months saw a relatively smaller decline. Inflation is cooling slowly, and although the labor market appears to be doing well on the surface, job seekers report that it is taking longer to find work. The confidence index has been fluctuating as consumers assess how Trump's policies will impact the economy.

U.S. home prices accelerate, buyers still plan to purchase homes despite high interest rates. U.S. home prices rose at an accelerated pace in November as buyers continued to seek homes despite rising borrowing costs. The S&P CoreLogic Case-Shiller data showed that the national home price index rose 3.8% year-over-year. This increase is higher than the 3.6% year-over-year increase in October. The rise in November pushed the index to a record high for the 18th consecutive month. Among the 20 cities surveyed, New York had the largest annual increase, followed by Chicago and Washington. Earlier this month, the average rate for a 30-year mortgage surpassed 7%. Rising borrowing costs have put pressure on demand. According to Redfin Corp, the number of signed contracts fell by 10% in the four weeks ending January 19. Hannah Jones, senior economic research analyst at Realtor.com, stated, "The recent rise in rates may again suppress buyer demand, making the start of 2025 rocky."

【Stock News】

Delivery delays weigh down Boeing (BA.US), resulting in the largest annual loss since the pandemic. Boeing reported a loss of nearly $4 billion in the fourth quarter of 2024, marking the company's largest annual loss since 2020. The company lost $3.86 billion in the last three months of 2024, with the commercial airplanes division and defense and aerospace business accounting for about $3 billion in costs. These costs involve multiple aircraft models, including the Boeing 767, KC-46 tanker, and two long-delayed 747 aircraft intended for use as the new "Air Force One." Boeing's total annual loss reached an astonishing $11.83 billion, the largest loss since 2020.

Electric vehicle business becomes a new engine, General Motors (GM.US) Q4 performance exceeds market expectations. General Motors' revenue and profit in the fourth quarter exceeded Wall Street expectations, and the company expects to maintain strong performance growth in 2025. GM's adjusted earnings per share for Q4 were $1.92, higher than Wall Street's expectation of $1.89; total revenue was approximately $47.7 billion, exceeding Wall Street's expectation of $43.93 billion. GM's financial guidance for 2025 includes a net profit attributable to shareholders of $11.2 billion to $12.5 billion, or earnings per share of $11 to $12; Adjusted EBIT is between $13.7 billion and $15.7 billion, or adjusted earnings per share of $11 to $12; adjusted free cash flow from the automotive business is between $11 billion and $13 billion. General Motors' 2025 financial guidance aligns with Wall Street analysts' basic forecasts.

Starbucks (SBUX.US) sees a slowdown in sales decline. In the fiscal quarter ending December 29, same-store sales fell by 4%. This represents an improvement compared to a 7% decline in the previous fiscal quarter. Analysts surveyed by Bloomberg had previously estimated a decline of 5.3%. The quarterly sales decline at Starbucks was less than expected, indicating that the customer attrition troubling the coffee chain is beginning to ease. The results show that Starbucks has made progress, with revenue of $9.4 billion and earnings per share of $0.69 slightly exceeding average expectations, while the sales decline in its largest region, North America, met expectations