Market Dynamics on January 15

Today is January 15th. Last Friday, all three major U.S. stock indexes fell during midday trading, but ended the week with gains. The S&P 500 index rebounded to a two-year high at the close, while the Dow Jones index fell more than 100 points. After the earnings report, UnitedHealth's stock price fell more than 3%, and Tesla's decline exceeded 3%. Microsoft hit a new all-time high for three consecutive days, surpassing Apple in market cap. Nvidia ended a six-day rally and fell from its historical high, but still rose 11% for the week. JP Morgan Chase initially rose more than 3% after its earnings report, then fell, while Bank of America fell more than 1%, and Wells Fargo & Co fell more than 3%, while Citigroup closed with a 1% gain. Overall, in the U.S. stock market, the Dow Jones index fell 0.31%, the S&P 500 index rose 0.08%, and the Nasdaq index rose 0.02%.

The rise in the Producer Price Index (PPI) has reignited concerns about interest rate cuts, causing U.S. Treasury prices to fall. The yield on two-year U.S. bonds fell 17 basis points intra-day, hitting an eight-month low. The U.S. dollar index also fell temporarily. Last year, the Federal Reserve reported a loss of $114.3 billion, exacerbating the already severe deficit problem in the United States and creating an unprecedented situation. Three signals indicate that a crisis may occur again in March. Goldman Sachs stated that central banks in Europe and the United States may need to begin implementing loose monetary policies.

Bitcoin fell below $0.044 million during trading, a drop of over $5,000 from its two-year high on the day of the ETF listing. Bitcoin spot ETF fell at least 5% on the day after listing.

The conflict in the Red Sea escalated, causing crude oil prices to rise more than 4% during trading, but then giving back most of the gains. After a two-day rebound, oil prices still fell for the week. Gold prices achieved their largest increase in the four weeks following the Federal Reserve meeting, reversing a four-week decline, with gains exceeding 2% at one point during the trading day. Henry Hub natural gas prices have risen more than 10% per week since the beginning of the year.

In the Chinese market, Chinese concept stocks fell more than 1%, with Baidu's stock price falling 7% and Dada's rising nearly 5%, but still falling 53% for the week. Offshore yuan fell more than 200 points during trading, breaching the 7.19 level and hitting a four-week low. The market is closely watching whether the Chinese central bank will cut key policy rates. During the U.S. stock market session, the ChiNext and Hang Seng Tech index fell nearly 1%, with only 1 stock rising on the BSE. In the A-share market, the photovoltaic and shipping sectors rose against the trend.

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Wealth Creation Youdao February Shareholders' Meeting