Global News | U.S. stock market's three major indices fall over 1%, Federal Reserve Board member Waller focuses on February employment data's impact on interest rate decision

K-LinePoet · 2026-03-08T04:07:46+00:00

The three major U.S. stock indices all fell more than 1% on February 23, with the Dow Jones Industrial Average dropping 1.66%. The 10-year U.S. Treasury yield is at 4.03%. Chinese concept stocks Tencent rose 3.07%, while Alibaba fell 1.09%. Global economic data may influence the Federal Reserve's interest rate decisions.

K-LinePoet

2026-03-08 04:07:46

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【U.S. Stock Indices】

On February 23rd, Monday, U.S. major stock indices all fell more than 1%, with the S&P 500 down 1.04% to 6,837.75 points; the Dow Jones Industrial Average down 1.66% to 48,804.06 points; and the Nasdaq Composite down 1.13% to 22,627.27 points.

【U.S. Bonds】

On February 23rd, the benchmark 10-year U.S. Treasury yield was 4.03%, and the 2-year Treasury yield, most sensitive to Federal Reserve policy rates, was 3.43%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia rose 0.91%, Apple increased 0.61%, Google Class C fell 1.02%, Google Class A fell 1.11%, Microsoft dropped 3.21%, Amazon declined 2.30%, TSMC fell 0.10%, Meta dropped 2.81%, Tesla decreased 2.91%, Super Micro Semiconductor fell 1.77%, and Intel declined 1.09%.

【Global Indices】

Index	Change	Level
France CAC 40	-0.22%	8,497.17
UK FTSE 100	-0.02%	10,684.74
Germany DAX	-1.06%	24,991.97

【China Indices】

On February 23rd, overnight Hang Seng Tech Index futures rose 3.29%, while the Nasdaq China Golden Dragon Index fell 0.95%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) rose 3.07%, Alibaba fell 1.09%, Pinduoduo increased 0.78%, NetEase declined 1.76%, Baidu dropped 1.42%, Ctrip fell 3.01%, Li Auto rose 0.82%, Xpeng Motors fell 0.26%, and NIO increased 4.73%.

【Forex and Commodities】

Currency	Exchange Rate	Change (Basis Points)
USD/CNY	6.89	+3 bp
USD/EUR	0.85	-1.5 bp
USD/JPY	154.62	-440 bp

Commodity Futures	Change	Latest Price
COMEX Silver	+4.25%	$88.00/oz
COMEX Gold	+3.16%	$5,231.40/oz
WTI Crude Oil	-0.11%	$66.36/barrel
Brent Crude Oil	-0.36%	$71.68/barrel
LME Copper	+1.32%	$12,880.95/ton

【Global News】

Novo Nordisk: The final effect of Cagrisema remains uncertain

Novo Nordisk: The final effect of Cagrisema remains uncertain. (Sina Finance)

Nasdaq: Winter storm has no impact on markets or systems

Nasdaq: The winter storm has no impact on markets or systems.

Federal Reserve Governor Waller: Strong February employment data may favor pausing rate cuts

Federal Reserve Governor Waller stated that if February employment data is strong, the Fed may lean toward pausing rate cuts. The potential inflation rate is close to the 2% target level.

Federal Reserve Governor Waller: Weak February employment data will support rate cuts

Federal Reserve Governor Waller: Weak February employment data will support rate cuts.

Federal Reserve Governor Waller: March rate decision depends on February labor data

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