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February 1st news, on February 1st, Tianfeng International Securities analyst Guo Mingchi released a report pointing out that the new iPhone shipments in the United States in 4Q24 declined slightly YoY, while the Japanese market, which did not provide Apple Intelligence, had a high single-digit YoY growth in iPhone shipments in 4Q24. Apple Intelligence is not very helpful for iPhone sales. According to its industry survey, the overall iPhone shipments in 4Q24 declined by about 5.8%, but iPhone revenue only declined by 0.8% year-on-year in 4Q24, because the product shipment mix of iPhone in 4Q24 further improved. In terms of the new model Pro series share of total shipments, it has increased significantly from 54% in 4Q23 to 61%. In addition, users who buy the Pro series are very likely to pay extra for the version with higher storage space, so the contribution of the Pro series to the average unit price is very significant. Guo Mingchi said that the proportion of Pro models cannot be endlessly increased, and the decline in iPhone revenue in the Q12025 financial report is a warning. If Apple does not adjust its iPhone product and sales strategy, the trend will continue and iPhone revenue will decline by a mid-single-digit year-on-year in 2026.On February 1, according to the technology media TechCrunch, in a Reddit AMA, OpenAI CEO Altman admitted that DeepSeek has weakened OpenAIs leading position in the field of AI. He said: "We are on the wrong side of history in open source. I think we need to find a different open source strategy. Not everyone at OpenAI agrees with this view, and this is not our current priority. We will produce better models, but the leading advantage will not be as big as before."February 1 news, on January 31 (the 18th day of the Spring Festival, the third day of the first lunar month), the cross-regional flow of people in the whole society reached 304.04 million, a month-on-month increase of 3.3% and a year-on-year increase of 6.8%. Railway passenger volume was 11.832 million, a month-on-month increase of 22.3% and a year-on-year increase of 5.3%. Highway personnel flow (including non-commercial passenger car personnel travel on expressways and ordinary national and provincial roads, and highway commercial passenger volume) was 288.44 million, a month-on-month increase of 2.6% and a year-on-year increase of 6.9%. Water passenger volume was 1.43 million, a month-on-month increase of 8.7% and a year-on-year increase of 13.7%. Civil aviation passenger volume was 2.3381 million, a month-on-month increase of 3.2% and a year-on-year increase of 3.6%.On February 1, NIO announced a 5-year 0% interest-free limited-time car purchase policy, with a down payment as low as 20% and no handling fees. If you pay a deposit to purchase a car between February 1 and February 28, 2025, you can enjoy additional preferential policies such as a 10,000 yuan optional equipment fund and 5 years of free use of NOP+. In addition, old users can add a 5,000 to 10,000 yuan limited-time repurchase discount when purchasing a car.Philippine central bank governor: Bank reserve requirements may be adjusted mid-year.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat Amid Profit-Taking

Alice Wang

Jan 31, 2023 16:49

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S&P 500

S&P 500 retreats as traders take some profits off the table ahead of the Fed meeting.


Today, traders focused on Dallas Fed Manufacturing Index report, which exceeded analyst expectations but did not provide any support to stocks.


Today’s pullback is broad, and all market segments are moving lower. Consumer Defensive and Utilities stocks outperform as traders search for safe-haven assets.

The sell-off is led by tech stocks. These stocks showed strong performance in recent trading sessions so it’s not surprising to see that traders want to take some money off the table ahead of the Fed decision, which will be released on Wednesday.


From the technical point of view, S&P 500 failed to settle above the important resistance level at 4100. Most likely, S&P 500 will not be able to get above the key resistance ahead of the Fed decision.

NASDAQ

NASDAQ is under strong pressure today as tech stocks retreat. NVIDIA, which had a great start of the year, is down by 4.5% in today’s trading session.


Other big tech stocks like Microsoft and Meta are also losing ground as traders take profits after the recent moves.

Dow Jones

Dow Jones is also moving lower today. The pullback is led by Johnson & Johnson


 stock, which is down by more than 3% as the court ruled that the company could not use the bankruptcy of its unit to resolve talc lawsuits.


Meanwhile, Chevron is down by 2.4% as traders continue to take profits near all-time highs and react to the pullback in the oil markets.