US Stock Market Outlook: Uncertain Tariff Policies, Major Indices Decline, Pinduoduo Rises, Novo Nordisk Falls.

US Market Faces Uncertainty Amid Trade Policy and Middle East Tensions

On Monday morning, the US stock market is experiencing a downturn due to new uncertainties surrounding trade policies and escalating tensions in the Middle East.

Market Performance

• Major US stock index futures are all down:

  • Dow futures down 0.45%
  • Nasdaq futures down 0.63%
  • S&P 500 futures down 0.45%

• Notable tech stocks are mostly declining:

  • Micron Technology (MU) down over 2%
  • ASML and AMD down over 1%
  • Amazon (AMZN) and Tesla (TSLA) nearly down 1%

Chinese Stocks and Commodities

• Active performance in popular Chinese stocks:

  • Pinduoduo (PDD) up over 3%
  • NIO (NIO) up over 2%
  • Pony.ai and Li Auto (LI) up over 1%

• Silver (XAG/USD) has risen nearly 2%, approaching $88, while gold (XAU/USD) briefly surpassed $5,150.

• Bitcoin (BTC) dipped below $65,000 but has since recovered, with losses narrowing to under 2%.

Company News

• Novo Nordisk (NVO) saw a sharp decline of over 14% after disappointing clinical trial results for CagriSema, while Eli Lilly (LLY) gained over 2%.

• Nvidia (NVDA) is re-entering the consumer PC market with new laptop chips, collaborating with major manufacturers like Dell and Lenovo. Nvidia's earnings report is highly anticipated this Wednesday.

• NIO's battery swap service hit a record high of nearly 176,000 swaps in a single day, with stock prices rising over 2% pre-market.

• Arcellx (ACLX) surged over 77% pre-market after Gilead Sciences (GILD) announced a $115 per share acquisition.

• Domino's Pizza (DPZ) rose over 5% with Q4 revenue of $1.54 billion, exceeding estimates.

Broader Economic Insights

• Merck (MRK) plans to split its oncology business to mitigate the impact of Keytruda's patent expiration.

• Goldman Sachs highlighted significant advancements in humanoid robot hardware, predicting a surge in shipments by 2026-2027.

• Bank of America suggests that investors should "trade oil and hold gold" to navigate geopolitical uncertainties.

Upcoming Events

• German Chancellor Merz is set to visit China from February 25-26 at the invitation of Premier Li Qiang.

• Key economic indicators and speeches from Federal Reserve officials are scheduled for later this week.

This summary encapsulates the current state of the US market, notable stock movements, and broader economic implications.