Global Markets: U.S. Major Indices Rise Across the Board, Nasdaq Up Over 1%, AMD Up Over 8%

U.S. Stock Market: The three major U.S. stock indices all closed higher on February 24. By the close, the Dow Jones Industrial Average rose 370.44 points to 49,174.5, up 0.76%; the S&P 500 increased 52.32 points to 6,890.07, up 0.77%; the Nasdaq Composite gained 236.41 points to 22,863.68, up 1.04%.

Most large tech stocks rose, with AMD up over 8%, Intel up over 5%, Tesla, Netflix, and Apple up over 2%, Microsoft and Amazon up more than 1%, Nvidia and Meta slightly higher; Google slightly down.

In earnings reports, HP’s Q1 adjusted EPS was $0.81, versus analyst expectations of $0.77. Q1 revenue was $14.44 billion, compared to $13.9 billion expected. Personal Systems revenue was $10.25 billion, versus $9.76 billion forecast. Tempus AI’s Q4 2025 revenue was $367 million, up 83% year-over-year; net loss was $54.2 million, compared to a net loss of $13 million last year. First Solar’s Q4 net sales were $1.68 billion, versus $1.56 billion expected. The company projects full-year net sales of $4.9–$5.2 billion, while analysts forecast $6.09 billion. Lucid Group’s Q4 revenue was $522.7 million, versus $459.4 million expected. Q4 adjusted loss was $3.08 per share, compared to an expected loss of $2.68.

Optical communication stocks mostly rose, with Corning up over 4%, Coherent and Lumentum up over 2%. Storage concept stocks mostly declined, with Micron down 0.7%, SanDisk down over 4%, Western Digital down over 3%, Seagate down over 2%.

Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 1.37%. TSMC up 4.25%, Alibaba up 0.22%, Pinduoduo up 1.06%, Futu Holdings down 1.89%, YmFin Sports down 5.56%, Baidu down 0.23%, ASE Semiconductor up 5.71%, NIO up 0.19%, Tencent Holdings (ADR) down 1.49%, Ctrip up 1.59%.

European Markets: The three major European indices on February 24 showed mixed performance. The FTSE 100 closed at 10,680.59, down 4.15 points or 0.04%. France’s CAC 40 closed at 8,519.21, up 22.04 points or 0.26%. Germany’s DAX closed at 24,986.25, down 5.72 points or 0.02%.

Commodity Markets: International oil prices declined on February 24. At the close, NYMEX WTI crude futures for the current month fell $0.23 to $66.08 per barrel, down 0.35%. COMEX gold futures for the current month dropped $65.10, or 1.25%, to $5,160.50 per ounce. COMEX silver futures rose $0.50, or 0.57%, to $87.07 per ounce. Spot gold fell $83.75, or 1.60%, to $5,144.0 per ounce. Spot silver declined $1.02, or 1.16%, to $87.18 per ounce.

Overnight Headlines

U.S. Military Deploys 11 F-22 Fighters to Southern Israel

On the 24th, local time, CCTV reports that earlier that day, 12 U.S. F-22 fighters took off from the UK bound for Israel. One returned due to technical issues, while the remaining 11 arrived in Israel and were deployed at an airbase in southern Israel. These fighters can perform missions including penetrating enemy airspace, destroying air defense systems, and radar. This move may be to prepare Israel for potential Iranian missile attacks.

Multiple Factors Drive Global Oil Tanker Freight Rates to Near Six-Year High

Recent data shows that the cost to charter a Very Large Crude Carrier (VLCC) to ship Middle Eastern oil to China has surged past $170,000 per day, tripling since the start of the year. Industry insiders point out that besides the well-known U.S.-Iran standoff, changes in global oil supply trends and large ship orders by Korean shipping companies have contributed to the spike.

Google Announces New Data Center: Pledges All-Inclusive Power Costs, Green Energy + Storage

On Tuesday (February 24), Google announced on its official website that it will build a new data center in Minnesota, partnering with local utility Xcel Energy to accelerate innovative energy solutions. Google states that Xcel will supply power to the new data center, with Google covering all related electricity costs.

EU Assessment: Trump’s New Tariffs Violate US-EU Trade Agreements, Some Goods Exceed 15% Cap

According to a recent EU assessment, the tariffs introduced by U.S. President Trump will raise duties on certain EU exports, including cheese and some agricultural products, above the limits allowed by trade agreements. Last Friday, the U.S. Supreme Court rejected the legality of Trump’s global “reciprocal tariffs” imposed under emergency powers. Trump then announced a new 10% global tariff, threatening to raise it to 15%. As of Tuesday, the 15% rate has not yet been implemented.

“AI Thanos” Anthropic Partners with “Victim Stocks” to Launch AI Agents; Software Sector Recovers

On Tuesday evening, the star AI company Anthropic held a briefing, unveiling 10 new ways for enterprise clients to integrate AI into workflows, including stock research and investment banking. Notably, the event did not trigger a new sell-off, largely because “victim stocks” like Thomson Reuters appeared alongside Anthropic, demonstrating a strong commitment to embracing AI.

Institutions Bullish on Samsung Electronics: Storage Giant Approaching $1 Trillion Market Cap

Samsung Electronics rose 3.6% on Tuesday, reaching a record high of 200,000 Korean won per share. Analysts are now eyeing the next milestone: surpassing a $1 trillion market value.

Rapid Changes! Elon Musk Unveils “Lunar Project”

According to multiple media reports on the 23rd, to facilitate AI data center satellite deployment, SpaceX CEO Elon Musk envisions launching satellites from the Moon via electromagnetic launch systems. French science news reports that Musk plans to build a large electromagnetic launcher and satellite assembly plant on the Moon, from which satellites will be sent into Earth orbit.

AI Threatens Jobs; Fed’s Cook Warns Traditional Rate Cuts May Not Tackle Unemployment

Fed Governor Lisa Cook recently stated that the central bank may be unable to effectively address rising unemployment caused by AI proliferation. In a speech on February 24, she wrote that “if AI continues to boost productivity, even if labor market mobility causes unemployment to rise, economic growth could still remain strong.”

Goldman Strategist: AI Disrupts Asset-Light Hype; Physical Assets and Infrastructure Become Hard Currency

Goldman Sachs strategists say that as investors seek to avoid risks from AI disruption, stocks of companies with substantial physical assets are performing well. Since early 2025, their basket of “capital-intensive” stocks—whose value mainly comes from tangible assets—has outperformed “light asset” companies relying on labor or digital capital by about 35%.

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