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Longbridge - 南瓜美股
南瓜美股

Recap of US stock market movements on February 20th

AI impacts cybersecurity, Gemini boosts GOOG again, OpenAI slashes spending expectations, CRWV financing suffers setbacks. December PCE exceeds expectations, inflation rises, pressuring rate cuts; Q4 GDP falls below expectations, benefiting rate cuts. Poor economic data leads to a lower opening, but the U.S. Supreme Court suddenly overturns Trump's tariffs, driving the S&P and Nasdaq to rise collectively! Tariffs overturned, the Trump administration using new legal provisions to impose tariffs aligns with market expectations, and Trump indicates he will impose an additional 10% global tariffs! Tariffs are back in a tug-of-war state...

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