Late at night, NVIDIA surged again, with its market value skyrocketing by 3.3 trillion yuan in two days. Amazon has fallen for five consecutive days.

Editor | Cheng Peng, Du Hengfeng Proofreading | Chen Keming

The three major U.S. stock indices all opened lower, with the S&P 500 and Nasdaq turning higher later. As of the time of writing, the Dow Jones Industrial Average fell 0.14%, the Nasdaq rose 0.11%, and the S&P 500 increased 0.18%. Data shows that 2,267 stocks rose, while 2,884 stocks declined.

Weight loss drug concept stocks mostly rose, with Novo Nordisk up over 6%, Eli Lilly up over 2%, and Hims & Hers, which is sued for imitating semaglutide, plummeting 24%.

Earlier on February 9, Novo Nordisk announced that it had filed a lawsuit against Hims & Hers for patent infringement related to its sales of combination semaglutide products in the U.S. market. Novo Nordisk stated that Hims promoted its combination semaglutide products, misleading consumers and medical professionals into believing these unapproved drugs have clinical benefits and safety. Hims continues to illegally produce large-scale injectable versions using unregulated raw materials, which endangers patient health and well-being.

On February 9, Hims & Hers stated that Novo Nordisk’s lawsuit is a blatant attack on millions of Americans relying on combination drugs for personalized treatment. Major pharmaceutical companies are once again weaponizing the U.S. judicial system to limit consumer choices. The statement emphasized that Hims & Hers has long provided millions of Americans with safe access to personalized healthcare services and will continue fighting to protect their rights to choice, affordability, and accessibility.

The U.S. Food and Drug Administration (FDA) told Novo Nordisk that the TV advertisements for the weight loss drug Weeovy are either false or misleading.

Nvidia rose 3.31%, trading at $191.54. Over two trading days, its market value surged by $477.738 billion (approximately 3.31 trillion RMB). AMD increased over 3.15%, Microsoft rose over 1.7%, Google-A fell 0.17%, Intel dropped 1%, Apple declined over 1.5%, and Amazon fell nearly 2%. This marks Amazon’s fifth consecutive day of decline.

Storage concept stocks weakened, with Micron Technology dropping over 3% at one point.

AI application software stocks rebounded partially, with Roblox (RBLX.US) up over 9%, Applovin (APP.US) up over 8%, Unity Software (U.US) up over 7.9%, MongoDB (MDB.US) up 2.9%, and Palantir (PLTR.US) up 2.4%.

The Nasdaq China Golden Dragon Index opened sharply lower. As of the latest update, the decline narrowed to 0.19%, with the index at 7,793.72 points.

In precious metals, on February 4, spot gold rose 1.68% to $5,050 per ounce; spot silver increased over 5.79% to $82.287 per ounce.

In crude oil, WTI futures rose 0.66% to $63.97 per barrel. Brent crude increased 0.65% to $68.49 per barrel.

Regarding market concerns over the Federal Reserve’s “balance sheet reduction,” U.S. Treasury Secretary Janet Yellen stated in a recent speech that she does not believe the Fed will quickly take steps to shrink its balance sheet, even under the leadership of Fed nominee Kevin Woor. She also emphasized that Woor will be a very independent Federal Reserve Chair.

Currently, a core issue long advocated by Woor is sparking heated discussion on Wall Street. Woor has expressed support for a new version of the 1951 Federal Reserve–Treasury Department agreement to fundamentally reform the relationship between these two institutions. Analysts note that if this reform is merely a procedural adjustment, its short-term impact on the $30 trillion Treasury bond market will be limited. However, if it involves significant adjustments to the Fed’s current over $6 trillion securities portfolio, it could intensify market volatility and trigger deeper concerns about the Fed’s independence depending on the specific scenario.

Additionally, on the evening of the 9th, according to CCTV News, Tim Allen, the PR director of UK Prime Minister Rishi Sunak, resigned on February 9 local time. This marks the second senior official to leave the Prime Minister’s Office within 24 hours. Previously, Morgan MacKenzie, the Chief of Staff of the UK Prime Minister’s Office, resigned due to the Epstein case involving former U.S. Ambassador to the UK, Peter Mandelson.

As a result, the UK FTSE 100 index and the GBP/EUR exchange rate both plummeted, with the UK 10-year government bond yield rising near the high since November last year. Meanwhile, hedge funds are heavily betting on further weakening of the pound through options markets.