Market analysis on February 2nd.

Today is February 2nd. In February, the support of technology giants helped the US stock market achieve a good start. The Dow Jones index rebounded to hit a historic high, with the S&P 500 index and the Nasdaq index both rising by more than 1%, ending two consecutive days of decline. The S&P 500 index also achieved its largest single-day increase in three weeks. NVIDIA's stock price rebounded by over 2%, reaching a historic high, while Qualcomm's stock price fell by 5%. However, regional bank stocks suffered heavy losses, dropping by over 5% at one point during the day and ultimately closing down by over 2%; among them, New York Community Bancorp (NYCB) stock fell by 11%, continuing its double-digit decline for two days in a row following Wednesday's financial report release. Overall, the US stock market performed strongly: the Dow Jones Industrial Average rose by 0.97%, the S&P 500 index rose by 1.25%, and the Nasdaq Composite index rose by 1.30%.

Quarterly reports released after market close on Thursday showed that Meta's stock price surged by over 10%, Amazon's stock price rose by over 9%, while Apple's stock price fell by over 3%. Apple's fourth-quarter revenue rebounded, with earnings per share (EPS) and service revenue reaching new highs. CEO Tim Cook promised to launch new AI features this year, despite a greater than expected decline in revenue in the Greater China region. In January, the U.S. manufacturing purchasing managers' index (ISM) unexpectedly rose to 49.1, with a s...

In Europe, the pan-European index retreated from a two-year high, with BNP Paribas stock plummeting by over 9% after announcing its financial results. After the Bank of England published its decision, the yield on 10-year British government bonds briefly hit a daily high. Bank of England Governor Andrew Bailey hinted that the market's expectations of a rate cut were correct, after which the yield dropped significantly by over 10 basis points. The British pound continued to rise, reaching a one-week high.

In the Middle East, there were reports that Israel and Palestine may have reached a ceasefire agreement, causing crude oil prices to initially rise by over 1% during the trading session. However, they eventually turned into a decline, closing down by over 2% to a near two-week low. Gold prices rose by over 1% during the session, with the futures market rising for the fourth consecutive day, closing at a near three-week high. The price of zinc on the London Metal Exchange fell by 2%, while copper and lead prices fell for the second consecutive day to a one-week low.

In the Chinese market, Chinese concept stocks rose by over 1% during the U.S. stock trading session, ending a five-day decline. Li Auto's stock price surged by over 5%; the offshore RMB against the U.S. dollar once fell below 7.19 during the session, hitting a one-week low, but later rebounded by over a hundred points. The ChiNext Price Index rose by 1%, with photovoltaic and semiconductor stocks in the A-share market rebounding generally, while stocks beginning with the middle letter saw a pullback. The Hang Seng Tech Index rose by 2%.

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