Global News | The three major U.S. stock indices closed higher, with the Nasdaq's gain expanding to 1%

【US Stock Indexes】

On Tuesday, February 24, Eastern Time, all three major U.S. stock indexes rose together. The S&P 500 index gained 0.77% to 6890.07 points; the Dow Jones index rose 0.76% to 49174.50 points; and the Nasdaq index climbed 1.04% to 22863.68 points.

【U.S. Treasuries】

On February 24, the benchmark 10-year U.S. Treasury yield was 4.04%, and the 2-year U.S. Treasury yield—most sensitive to Federal Reserve policy rates—was 3.43%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia rose 0.68%, Apple gained 2.24%, Google C fell 0.25%, Google A dropped 0.19%, Microsoft rose 1.18%, Amazon climbed 1.60%, TSMC advanced 4.27%, Meta gained 0.32%, Tesla rose 2.39%, Advanced Micro Devices increased 8.77%, and Intel rose 5.71%.

【Global Indexes】

【China Indexes】

On February 24, overnight Hang Seng Tech Index futures fell 2.18%; the Nasdaq China Golden Dragon Index rose 1.37%; and the FTSE China A50 Index rose 0.14%.

【Chinese Concept Stocks】

For popular Chinese concept stocks, Tencent Holdings (Hong Kong) fell 3.35%, Alibaba rose 0.24%, Pinduoduo gained 1.06%, NetEase rose 0.73%, Baidu fell 0.23%, Trip.com rose 1.59%, Li Auto rose 1.30%, XPeng Motors rose 6.75%, and NIO rose 0.19%.

【FX Commodities】

【Global Headlines】

Democrats say U.S. Department of Homeland Security shutdown negotiations have hit a stalemate

As of February 24 local time, Democratic Party leaders said negotiations with the White House to resume operations of the Department of Homeland Security (DHS) have reached a stalemate. Funding for the department expired on January 30. U.S. Senate Democratic leader Schumer said that after Democrats proposed a plan to end the shutdown last week, “they heard nothing but silence,” adding that the White House had “made no concessions” on key issues, including a request for federal immigration enforcement personnel to remove their face masks while enforcing the law, and to obtain a search warrant before entering a residence. (CCTV News)

Federal Reserve Collins: Likely to keep the current interest rates for a period of time

Boston Fed President Susan Collins said recent employment data has been encouraging; last year the job market weakened, but it was not soft; although the job market is somewhat fragile, stability may already have improved; they are seeking more evidence to confirm that the disinflation process has restarted; the baseline view is that inflation should fall later this year. She also said it is very likely that the Federal Reserve will keep the current interest rates for a period of time. Fed policy is somewhat restrictive and may be approaching neutral, and monetary policy is currently in a favorable position to deal with risks.

Nasdaq Composite up 1%

The Nasdaq Composite’s gains widened; it is currently up 1.0% to 22854.79 points.

Meta’s goal is to enter the stablecoin space later this year

Meta’s goal is to enter the stablecoin space later this year.

Federal Reserve official Cook: The neutral rate may be higher than pre-pandemic levels due to investment

Federal Reserve official Cook: The neutral rate may be higher than pre-pandemic levels due to investment.

Microsoft: Combine low-Earth-orbit satellite connectivity with community-based deployment models and local ecosystem partner relationships

Microsoft: Combine low-Earth-orbit satellite connectivity with community-based deployment models and local ecosystem partner relationships.

After acquisition talks broke down, Intel turns to partnering with AI chip startup SambaNova

Intel took part in a $350 million investment in SambaNova and reached a deep cooperation partnership with it. Previously, it was reported that Intel had considered acquiring the company for $1.6 billion, but the talks fell apart.

Google will expand its business in Texas through new data centers

Google will expand its business in Texas through new data centers.

Everbright Futures: Risk-off sentiment boosts precious metals—can silver regain strength?

On the first trading day of the Year of the Horse, Shanghai silver surged to the top and jumped sharply by 11% during the session, leading precious metals. During the Spring Festival holiday, factors such as complex overseas geopolitical developments and changes to new U.S. tariff policies helped lift risk-off sentiment, bringing renewed investor interest back to precious metals. Silver is still expected to be one of the most volatile “star” commodities in 2026, but for upside momentum to sustain, further confirmation is needed that gold is in a bull run.

U.S.-Iran geopolitical tensions are at a breaking point. As the United States deploys large numbers of troops to the Middle East and two aircraft carriers move into position, clouds hang over negotiations on Iran’s nuclear issue, and the risk of war tightens abruptly. At present, both sides are entering the crucial window period before the outbreak of war; the third round of indirect negotiations will be held on February 26, focusing on the core issue of limits on Iran’s uranium enrichment. In addition, U.S. tariffs have returned, supporting risk-off sentiment. A ruling by the U.S. Supreme Court found that the tariff policy Trump set based on the IEEPA is unlawful, requiring the government to stop collecting the tariffs and refund them, but this does not affect its right to impose tariffs under other domestic laws and regulations. Subsequently, the U.S. President announced 10% additional tariffs on the globe, and on the 21st also said it would raise the rate of the newly imposed “global import tariffs” from 10% to 15%. On the 23rd, U.S. media reported that the U.S. government is considering imposing a new round of tariffs on about six industries on the grounds of “national security,” including areas such as large batteries and energy storage.

During the Spring Festival, the performance of precious metals once again showed sensitivity to macro events; in the short term, silver’s volatility increased. Pay attention to how geopolitical developments and overseas tariff adjustments affect it. (Everbright Futures)

Meta and AMD reach multi-billion-dollar AI chip procurement agreement

Reportedly, Meta and AMD have reached a multi-billion-dollar AI chip procurement agreement. (China Finance Network)