Global News | The three major U.S. stock indices all declined, and the market's concern about the Federal Reserve maintaining interest rates unchanged increased.

[U.S. Stock Indices]

On Tuesday, January 20th, Eastern Time, the three major U.S. stock indices all fell more than 1%, with the S&P 500 down 2.06% to 6,796.86; the Dow Jones Industrial Average down 1.76% to 48,488.59; and the Nasdaq Composite down 2.39% to 22,954.32.

[U.S. Bonds]

On January 20th, the benchmark 10-year U.S. Treasury yield was 4.30%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.60%.

[Popular U.S. Stocks]

Among popular U.S. stocks, Nvidia fell 4.38%, Google Class C down 2.48%, Google Class A down 2.42%, Apple down 3.46%, Microsoft down 1.16%, Amazon down 3.40%, TSMC down 4.44%, Meta down 2.60%, Tesla down 4.17%, Everbright Semiconductor up 0.04%, and Intel up 3.41%.

[Global Indices]

[China Indices]

On January 20th, overnight Hang Seng Tech Index futures fell 1.41%, Nasdaq China Golden Dragon Index declined 1.45%, and FTSE China A50 Index dropped 0.46%.

[Chinese Concept Stocks]

Among popular Chinese concept stocks, Tencent Holdings (HK) fell 1.48%, Alibaba down 1.86%, Pinduoduo down 2.15%, NetEase down 0.59%, Baidu up 0.33%, Ctrip down 2.11%, XPeng Motors down 3.10%, Li Auto down 2.85%, and NIO down 2.97%.

[Forex and Commodities]

[Global News]

The probability of the Federal Reserve holding interest rates steady in January is 95% According to CME “FedWatch”: the chance of a 25 basis point rate cut in January is 5%, with a 95% chance of holding rates steady. The probability of a cumulative 25 basis point cut by March is 20.6%, with a 78.5% chance of no change, and a 0.9% chance of a total 50 basis point cut. (Cailian Press)

ECB President Lagarde: Trust between Europe and the US is being damaged but will accelerate European integration

ECB President Christine Lagarde said Tuesday that mutual trust between Europe and the US is being eroded due to political tensions, but this will accelerate the long-stalled European integration process. “I believe trust is being damaged,” Lagarde said in an interview. “When you repeatedly undermine the rule of law, breach contracts, and violate agreements, parties will naturally start to question.” “This is a wake-up call, louder than ever before,” she said. “I believe what is happening now will greatly promote European integration.” (Cailian Press)

Trump compares himself to Buffett using others’ words

U.S. President Donald Trump showcased his “record of achievements” at a White House press conference, listing 365 victories since returning to the White House. Trump stated that international companies are leaving other countries to invest in the U.S., and predicted that next year the U.S. will no longer have a trade deficit and that Q1 GDP growth will exceed 5%. He emphasized market performance, saying “over the past 12 months, the stock market hit 52 all-time highs.” Trump also said, “My wife thinks I am a financial genius like Warren Buffett. She used to criticize me for not understanding finance well, but now she loves me even more.” (Yicai)

AMD appoints former Accenture CFO McLoughlin as board member

AMD has appointed former Accenture CFO Kevin McLoughlin as a board member. (Cailian Press)

Democratic Senator reportedly seeks records related to Powell investigation

A Democratic senator is reportedly seeking records related to the investigation of Jerome Powell. (Cailian Press)

Escalating feud with Ryanair CEO, Musk launches poll on potential acquisition

Elon Musk’s online spat with Ryanair has intensified. On Monday, Musk launched a poll on his social media platform X, asking whether he should acquire Ryanair and “restore its rightful dominance.” Earlier that day, he also responded to a post about Ryanair, asking “How much would it take to buy you,” and again called for the company to dismiss CEO O’Leary. (Cailian Press)

OpenAI launches age prediction feature on ChatGPT

OpenAI has introduced an age prediction feature on ChatGPT to help determine if account owners are likely under 18. (Cailian Press)

Nvidia reportedly invests $150 million in AI inference startup Baseten

Nvidia is reportedly investing $150 million in AI inference startup Baseten. (Cailian Press)

Federal Reserve overnight reverse repurchase agreement (RRP) usage was $3.506 billion on Tuesday

The Federal Reserve’s overnight RRP volume on Tuesday was $3.506 billion across 16 counterparties, up from $1.222 billion the previous trading day. (Cailian Press)

ECB Governing Council member and Bundesbank President Nagel: Never thought I’d see the Fed’s independence at risk

ECB Governing Council member and Bundesbank President Nagel said he never thought he would see the Federal Reserve’s independence at risk. (Cailian Press)