Technology stocks led US stocks to continue to rise last night. The S&P 500 index and Nasdaq index rose three times in a row to new highs for more than three weeks, and the Dow Jones index rose four times in a row to reach new highs in nearly four weeks. Among the tech giants, Nvidia led with a gain of nearly 4%, Meta rose 3%, while Apple fell slightly by 0.9% the day after a sharp rise. Palantir's after-hours earnings guidance fell short of expectations, causing its stock price to drop 7% at one point.
Microsoft announced that it will launch a new self-developed AI model to directly compete with Google, Anthropic, and OpenAI. According to people familiar with the matter, this model, internally codenamed MAI-1, will have about 500 billion parameters, showing a clear shift in global consumption trends. At the same time, Starbucks' poor performance and the rise of Allezi have highlighted consumers' preference for lower-priced products.
Mars Gene, the world's largest shipping company, warned of the impact of the Red Sea crisis that the industry's capacity could be reduced by 20% in the second quarter. Maersk is working to improve service reliability, including increasing speed and capacity, and has leased more than 125,000 additional containers to meet the challenge.
Two senior Federal Reserve officials made dovish remarks, stressing that interest rates will eventually be cut, despite a sharp rise in consumer expectations of housing inflation. US Treasury yields rebounded from a low level of more than three weeks, and two-year yields rose for the first time in four days. The US dollar index ended three consecutive days of decline and stabilized above a three-week low.
After briefly breaking through $65,000 and hitting a new high of more than a week, the price of Bitcoin then fell sharply by more than 2...