Breakfast | SPDR S&P 500 hits four-day high, NVIDIA and other star stocks reach new highs, Tesla's earnings report guidance is not optimistic.

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Market: Overnight and this morning

Netflix set a good start for the earnings season of tech giants, and tech stocks boosted the US stock market, with the S&P 500 continuing its streak of hitting new all-time highs. The Dow fell 0.26% for the second consecutive day, while the Nasdaq rose 0.36% and the S&P 500 closed up 0.08%, marking four consecutive days of record highs for both the S&P 500 and the Nasdaq.

Nvidia, AMD, Microsoft, Meta, and Alphabet-C all hit new all-time highs. Microsoft's market value reached $3 trillion, and Nvidia's market value exceeded $1.5 trillion. Asmacure's European stocks rose 10% to a new intraday high, with ADR still about $50 away from its all-time high.

Popular Chinese stocks continued to rise, outperforming the broader market for two consecutive days. DouYu rose nearly 7%, New Oriental EDU & Tech rose nearly 6%, TAL Education rose nearly 4%, BIDU-SW rose over 3%, Pinduoduo and NetEase rose over 2%, Alibaba and JD.com rose over 1%, while XPeng Motors fell over 5%, NIO fell over 2%, and Li Auto fell over 1%.

The Euro Stoxx 50 index closed at its highest level since 2001.

Bitcoin, which had fallen more than $1,000 for several consecutive days, rebounded. European stocks rose above $40,500 during the session but fell to $40,000 at the close, still far from the two-year high of $49,000 reached on the first day of the listing of the Bitcoin spot ETF on January 11.

What happened to blue-chip stocks and hot stocks

The US Federal Aviation Administration has suspended Boeing's capacity expansion for the Max aircraft to improve quality control, including the 737-9 Max aircraft.

Musk said the limitation of the CyberTruck lies in production, not demand. Tesla is likely to deliver some humanoid robots "Optimus" next year. Production of the next generation of vehicles will begin in the second half of next year and will be "low-cost" vehicles. Supports Tesla's dual-class share structure. Hopes to have a 25% controlling stake in Tesla.

Tesla's fourth-quarter EPS was lower than expected, with a net profit of $7.928 billion, compared to market expectations of $2.265 billion and $3.687 billion in the same period last year. Revenue was $25.17 billion, compared to market expectations of $25.6 billion and $24.318 billion in the same period last year. Gross margin was 17.6%, compared to market estimates of 18.1% and 17.9% in the third quarter. Tesla's after-hours decline widened to 5%.

Tesla warned that due to the development of the next generation of vehicles, vehicle growth in 2024 will be "significantly" lower than in 2023. In addition, Tesla did not provide specific delivery targets in its earnings report, which is rare. Tesla's after-hours trading fell more than 5% at one point.

US Central Command: Houthi rebels in Yemen fired three anti-ship ballistic missiles at the "Maersk Detroit" container ship flying the US flag passing through the Gulf of Aden. No casualties or damage to the ship were reported.

Apple plans to introduce new fees and restrictions when allowing third parties to download software outside the App Store in response to the European Digital Markets Act. This plan only applies to Europe. Jack Ma replaces SoftBank as Alibaba's largest shareholder

New Oriental EDU & Tech's net revenue for the second quarter of the fiscal year 2024 was $869.6 million, a year-on-year increase of 36.3%. The company expects net revenue for the third quarter to be between $1.07 billion and $1.09 billion, a year-on-year increase of 42% to 45%.

Macro: Taking you around the world

People's Bank of China: On February 5th, the reserve requirement ratio was lowered by 0.5 percentage points, releasing 1 trillion yuan in liquidity; starting from January 25th, the interest rates for re-lending and rediscounting for agriculture and small businesses were lowered by 0.25%.

Financial Secretary of Hong Kong, Paul Chan Mo-po: The Hong Kong government currently has no plans to cancel the stamp duty on stock transactions.