Global Markets: U.S. stock three major indices close lower, Nvidia down over 4%, spot silver up over 6%

U.S. Stock Market: The three major U.S. stock indices closed lower across the board on February 27. By the close, the Dow Jones Industrial Average fell 521.28 points to 48,977.92, down 1.05%; the S&P 500 declined 29.98 points to 6,878.88, down 0.43%; the Nasdaq Composite dropped 210.17 points to 22,668.21, down 0.92%.

Most large tech stocks declined, with Nvidia down over 4%, Apple down more than 3%, Microsoft down over 2%, Tesla and Meta down over 1%; Netflix surged over 13%, marking its best single-day performance since October 2023; Google rose over 1%, Amazon saw slight gains.

The KBW Bank Index fell nearly 5%, its largest single-day drop since April last year. Goldman Sachs dropped over 7%, Morgan Stanley down over 6%, Wells Fargo and Citigroup declined over 5%, Bank of America down over 4%.

The Nasdaq China Golden Dragon Index fell 1.81%. iQiyi dropped over 6%, Century Internet down over 5%, NIO down over 4%, Vipshop and Lufax declined over 3%; Kingsoft Cloud rose over 6%, NetEase Youdao increased over 2%.

European Stock Markets: The three major European indices showed mixed performance on February 27. The FTSE 100 in London closed at 10,910.55, up 63.85 points or 0.59%; France’s CAC 40 closed at 8,580.75, down 40.18 points or 0.47%; Germany’s DAX closed at 25,284.26, down 4.76 points or 0.02%.

Commodity Markets: International oil prices rose on February 27. At the close, NYMEX WTI crude futures for the current month increased $2.08 to $67.29 per barrel, up 3.19%. COMEX gold futures rose $102.20 to $5,296.40 per ounce, up 1.97%; COMEX silver futures increased $6.80 to $94.385 per ounce, up 7.77%. Spot gold rose $93.93 to $5,279.22 per ounce, up 1.81%; spot silver increased $5.46 to $93.76 per ounce, up 6.18%.

Overnight Headlines

Trump: Unsatisfied with Iran Nuclear Negotiations, No Final Decision on Military Action Yet

On February 27, President Trump stated he is “not satisfied” with the current progress of Iran nuclear negotiations but has not made a final decision on military action. He told reporters leaving the White House that Iran is unwilling to give the U.S. “what it deserves” in negotiations, and he is “very dissatisfied.”

Multiple Countries Withdraw Personnel, Dual Aircraft Carriers Deployed: Trump Sends Latest Signals on Iran

On February 27, President Trump issued new signals regarding Iran: he hopes to reach an agreement and continue negotiations, but also emphasized that “sometimes military action is unavoidable.” With U.S. military dual aircraft carriers in position and multiple countries evacuating citizens urgently, the situation between the U.S. and Iran seems on the brink of escalation. The third round of nuclear talks just concluded, and a new round of technical negotiations is scheduled for next week. However, with core disagreements persisting and Israel remaining “highly alert,” whether the U.S. and Iran will continue talks or resort to force remains a significant unknown.

Middle East Tensions Suddenly Escalate! Gold, Silver, and Oil Prices Rise Collectively!

Tensions in the Middle East have sharply increased. On the evening of February 27, international gold, silver, and oil prices surged across the board, with spot silver jumping over 4%, WTI and Brent crude rising over 3%. Analysts point out that the surge in geopolitical risks in the Middle East has heightened global risk aversion, causing the VIX fear index to soar over 13%, and U.S. stock index futures to fall sharply.

SpaceX Rumored to Submit Secret IPO Filing as Early as March, Target Valuation Exceeds $1.75 Trillion

Latest market rumors suggest that Elon Musk’s private aerospace company SpaceX is considering submitting a confidential IPO filing as early as March. As one of the three most likely IPOs this year (alongside OpenAI and Anthropic), this move aligns with its goal to go public in June. Confidential filings allow companies to receive regulatory feedback and make adjustments before public disclosure.

U.S. Financial Sector Faces Another Wave of Selling on Friday—What’s Happening?

On Friday, after the market opened, U.S. banks, asset management, and financial services sectors experienced heavy selling. Concerns about AI triggering systemic risks, along with the collapse of UK mortgage lender MFS supported by Wall Street, shook confidence in private credit markets. As of press time, the KBW Bank Index fell over 5%, approaching its largest single-day decline since April last year’s tariff shocks. Major Wall Street firms Goldman Sachs and Morgan Stanley dropped over 7%, Wells Fargo, Citigroup, and Bank of America declined over 5%.

Valuation Reaches $730 Billion! OpenAI Completes $110 Billion Funding, Nvidia Invests $30 Billion

OpenAI announced the completion of a $110 billion funding round on February 27, with a pre-money valuation of $730 billion. The round includes $30 billion from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon.

After Samsung, Apple! Google Gemini AI API First—Will the Smartphone AI Race Break Out?

At Samsung’s latest flagship phone launch, Samsung and Google jointly unveiled the Gemini AI assistant on the Galaxy S26. This may serve as a preview of Apple’s upcoming AI system, Apple Intelligence, attracting industry attention.

Warner Bros. and Paramount Sign Acquisition Agreement

According to CCTV, on February 27, Warner Bros. Discovery signed a $110 billion deal to be acquired by Paramount Global. The transaction includes approximately $29 billion in debt and is one of Hollywood’s largest recent mergers. Post-merger, Paramount will gain extensive IP rights, including the “Fantastic Beasts” and “The Matrix” series.

Amazon, Nvidia, and SoftBank Invest $110 Billion; OpenAI Valued at $730 Billion

On February 27, OpenAI announced closing a $110 billion funding round, more than double its previous round from a year ago, which set a private tech funding record. In this round, Amazon invested $50 billion, Nvidia $30 billion, and SoftBank $30 billion. The valuation soared to $730 billion, significantly higher than the $500 billion valuation in a secondary funding round last October.

Inflation Worries Rise Again! U.S. January PPI Surges Beyond Expectations

U.S. January Producer Price Index (PPI) increased more than expected, indicating that companies may be passing higher import tariffs onto downstream sectors, suggesting mounting inflationary pressures in the coming months. The latest inflation data caused a sharp decline at market open. The Bureau of Labor Statistics reported that January PPI rose 2.9% year-over-year, versus an expected 2.6%, and previous 3.0%. Monthly PPI was 0.5%, above the forecast of 0.3%, and the previous 0.5% was revised to 0.4%.

UBS Strategist Downgrades U.S. Stock Ratings: Weakening Dollar + High Valuations + Washington Turmoil!

UBS chief equity strategist lowered the outlook for U.S. stocks, citing increased risks from a weakening dollar, high valuations, and rising policy uncertainties in Washington. UBS’s global equity head Andrew Garthwaite downgraded U.S. stocks to “benchmark” in global portfolios, noting that the factors driving U.S. outperformance are diminishing.

NASA Adjusts Lunar Mission Plans Amid “Too High Risk” Warnings

Amid delays caused by rocket leaks, NASA announced on Friday a revision of its Artemis lunar program to provide more testing opportunities for new commercial spacecraft. The plan mimics the Apollo program’s approach, aiming for more frequent launches to verify new equipment’s reliability and achieve “moon return” before the end of Trump’s term.

U.S. Secretary of State to Visit Israel Next Week to Discuss Iran and Regional Issues

According to CCTV, on February 27, the U.S. State Department announced that Secretary Blinken will visit Israel from March 2 to 3 to consult with Israeli leaders on Iran and regional affairs. With concerns over potential U.S. military strikes on Iran rising, this visit has attracted significant attention.

Starlink to Enter Air Traffic: Providing High-Speed Internet for Flying Taxis

On February 27, electric vertical takeoff and landing (eVTOL) company Archer Aviation announced on its website that it will partner with Starlink to provide stable, reliable, and high-speed internet for air taxis.

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