Global News | US stock indices generally decline, with a 91.1% probability that the Federal Reserve will keep interest rates unchanged

【U.S. Stock Indices】

On Tuesday, February 3rd, Eastern Time, the three major U.S. stock indices all closed lower, with the S&P 500 down 0.84% to 6,917.81; the Dow Jones Industrial Average down 0.34% to 49,240.99; and the Nasdaq down 1.43% to 23,255.19.

【U.S. Bonds】

On February 3rd, the benchmark 10-year U.S. Treasury yield was 4.28%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.57%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia fell 2.84%, Google Class C dropped 1.22%, Google Class A declined 1.16%, Apple decreased 0.20%, Microsoft fell 2.87%, Amazon dropped 1.79%, Meta declined 2.08%, TSMC fell 1.61%, Tesla rose 0.04%, Seagate Technology dropped 1.69%, and Intel increased 0.90%.

【Global Indices】

【Chinese Indices】

On February 3rd, overnight Hang Seng Tech Index futures fell 1.27%, Nasdaq China Golden Dragon Index declined 0.94%, and FTSE China A50 Index rose 0.18%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 2.92%, Alibaba dropped 2.83%, Pinduoduo declined 0.13%, NetEase decreased 0.56%, Baidu fell 2.50%, Ctrip declined 2.47%, Li Auto rose 2.90%, Xpeng Motors increased 4.03%, and NIO gained 0.55%.

【Forex and Commodities】

【Global News】

AMD expects the PC market to “slightly decline” in 2026, but believes there will be growth in PC-related sales this year

AMD forecasts a slight decline in the PC market by 2026; believes this year will see growth in PC-related sales. (Cailian Press)

Federal Reserve Board Member Milan reportedly resigns from the White House

Federal Reserve Board Member Milan is reportedly resigning from the White House. (Cailian Press)

AMD CEO Su Zifeng states that the company is well-positioned, with data center revenue expected to grow over 60% annually in the next three to five years

AMD CEO Su Zifeng said the company is well-positioned, with data center revenue expected to grow over 60% annually in the next three to five years. (Cailian Press)

The probability of the Federal Reserve holding interest rates steady in March is 91.1%

According to CME “FedWatch”: the chance of the Fed cutting rates by 25 basis points by March is 8.9%, with a 91.1% chance of holding rates steady. The probability of a cumulative 25 basis point cut by April is 22.5%, with a 76.0% chance of no change, and a 1.5% chance of a 50 basis point cut. By June, the chance of a 25 basis point cut is 46%. (Cailian Press)

U.S. President Trump signs bill to end partial government shutdown

U.S. President Trump signs legislation to end the partial government shutdown. (Cailian Press)

AMD reports Q4 revenue of $10.27 billion, up 34% year-over-year

AMD’s Q4 revenue was $10.27 billion, up 34% year-over-year, beating estimates of $9.65 billion; adjusted EPS was $1.53, compared to $1.09 last year, versus an estimate of $1.32.

Nvidia CEO Huang Renxun: Nvidia will invest in OpenAI’s next funding round and hopes to participate in OpenAI’s future IPO

Nvidia CEO Huang Renxun stated that Nvidia will invest in OpenAI’s next funding round and hopes to participate in OpenAI’s future IPO. (Cailian Press)

U.S. House approves funding bill to end government shutdown, bill to be sent to Trump for signature

The U.S. House approved a funding bill to end the government shutdown, which will be sent to Trump for signature into law. (Cailian Press)

Federal Reserve’s overnight reverse repurchase agreement (RRP) volume was $1.785 billion on Tuesday

The Federal Reserve’s overnight reverse repurchase agreement (RRP) volume on Tuesday was $1.785 billion.

Intel CEO: The company will focus on producing Graphics Processing Units (GPUs) in the future

Intel CEO announced that the company will focus on producing Graphics Processing Units (GPUs) in the future. (Cailian Press)