Global Headlines | The three major U.S. stock indices close higher collectively, with a 97.3% probability that the Federal Reserve will keep interest rates unchanged

【U.S. Stock Indices】

On March 4th, Eastern Time (Wednesday), the three major U.S. stock indices all closed higher, with the S&P 500 up 0.78% at 6,869.50; the Dow Jones Industrial Average up 0.49% at 48,739.41; and the Nasdaq Composite up 1.29% at 22,807.48.

【U.S. Bonds】

On March 4th, the benchmark 10-year U.S. Treasury yield was 4.09%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.54%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia rose 1.66%, Apple fell 0.47%, Google Class C fell 0.04%, Google Class A fell 0.15%, Microsoft rose 0.31%, Amazon increased 3.88%, TSMC gained 1.25%, Meta rose 1.93%, Tesla increased 3.44%, Super Micro Semiconductor rose 5.82%, and Intel gained 5.75%.

【Global Indices】

【Chinese Indices】

On March 4th, overnight Hang Seng Tech Index futures fell 0.82%, Nasdaq China Golden Dragon Index rose 0.80%, and FTSE China A50 Index declined 1.60%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 0.88%, Alibaba dropped 1.73%, Pinduoduo rose 0.48%, NetEase increased 1.32%, Baidu gained 0.23%, Ctrip fell 1.63%, Li Auto rose 1.00%, Xpeng Motors increased 1.81%, and NIO rose 5.23%.

【Forex and Commodities】

【Global News】

Broadcom CEO: Anticipates Anthropic will require 3 GW of computing power in fiscal 2027. OpenAI is expected to deploy chips in bulk by 2027. Meta’s custom chip roadmap is “progressing well.”

Broadcom CEO: Anticipates Anthropic will require 3 GW of computing power in fiscal 2027. OpenAI is expected to deploy chips in bulk by 2027. Meta’s custom chip roadmap is “progressing well.”

The probability of the Federal Reserve holding interest rates steady in March is 97.3%.

The probability of the Federal Reserve maintaining interest rates in March is 97.3%.

Federal Reserve Beige Book: Most regions expect slight to moderate economic growth in the coming months.

The Federal Reserve Beige Book indicates that overall, economic outlooks are optimistic, with most regions expecting slight to moderate growth in the coming months. Out of twelve regions, seven reported slight to moderate growth, while the number of regions reporting flat or declining activity increased from four to five. Despite a slight overall increase in consumer spending, two Fed districts reported continued declines, and many districts cited economic uncertainty, rising price sensitivity, and reduced spending by low-income consumers as factors suppressing sales.

Nvidia CEO Jensen Huang: Will invest $30 billion in OpenAI; $100 billion is not under consideration.

Nvidia CEO Jensen Huang stated that they will invest $30 billion in OpenAI, and $100 billion is not being considered; the opportunity to invest $100 billion in OpenAI may not exist as the company is about to go public; the $10 billion investment in Anthropic is likely to be the last.

Tesla’s UK electric vehicle sales in February fell 45.21% year-over-year to 2,208 units.

Tesla’s February UK EV sales declined 45.21% YoY to 2,208 units.

White House: Nominated Kevin W. for Federal Reserve Chair, submitted to Senate.

The White House announced that it has submitted the nomination of Kevin W. as Federal Reserve Chair to the Senate.

Intel CFO: Server CPU market will see significant growth by 2026.

Intel’s CFO said that the server CPU market will grow significantly by 2026, with strong demand for large-scale servers. By 2027, supply will become a bigger challenge, and the shortage of memory chips will persist until then.

OpenAI’s next-generation AI model will have strong reasoning capabilities.

OpenAI’s next-generation AI model will possess strong reasoning abilities. (Sina Finance)

U.S. February S&P Global Services PMI Final at 51.7, expected 52.3, previous 52.3.

U.S. February S&P Global Services PMI final reading was 51.7, versus an expected 52.3 and previous 52.3. The composite PMI final was 51.9, versus an expected 52.3 and previous 52.3.

Apple announces MacBook Neo starting at $599.

Apple announced that the MacBook Neo will start at $599. (Sina Finance)