Global Markets: U.S. Major Indices Mixed; Applied Materials Up Over 8%, Stock Prices Hit New Highs

U.S. Stock Market: The three major U.S. indices closed mixed on February 13. At the close, the Dow Jones Industrial Average rose 48.95 points to 49,500.93, up 0.1%; the S&P 500 increased by 3.41 points to 6,836.17, up 0.05%; the Nasdaq Composite fell 50.48 points to 22,546.67, down 0.22%. This week, the Dow declined 1.23%, the Nasdaq fell 2.10%, and the S&P 500 decreased 1.39%.

Most large tech stocks declined, with Apple down over 2%, Google and Meta down more than 1%, Microsoft and Amazon slightly down, Netflix up over 1%, and Tesla slightly up. In the chip sector, Applied Materials rose over 8%, hitting a record high; ARM and ON Semiconductor gained more than 2%; Qualcomm and Texas Instruments rose over 1%; Nvidia dropped over 2%; Broadcom fell nearly 2%; storage stocks Seagate Technology, Western Digital, SanDisk, and Micron Technology closed within a 1.5% decline (initial declines over 5%).

Rivian, which announced earnings, surged over 26%, with Q4 2025 revenue of $1.29 billion, beating analyst expectations of $1.27 billion. Social media platform Pinterest fell nearly 17%, with Q4 revenue up 14% year-over-year to $1.32 billion, below expectations; for Q1 2026, the company expects adjusted EBITDA between $166 million and $186 million, below market expectations of $205 million.

Cryptocurrency concepts and precious metals mostly rose, with Coinbase up over 16%, Strategy up over 8%; Cobalt Mining up over 7%, Pan American Silver up over 6%, Royal Gold and Kinross Gold up over 4%.

Popular Chinese concept stocks showed mixed performance, with the Nasdaq Golden Dragon China Index down 0.10%. Zhaopin Medicine rose over 6%, Tencent Music up over 4%, Huya and Yum China up over 3%, NetEase up over 2%; JinkoSolar, Canadian Solar, New Oriental, and Kingsoft Cloud fell over 2%; Alibaba, Li Auto, JD.com, and iQiyi declined over 1%.

European Markets: The three major European indices closed mixed on February 13. The FTSE 100 in London closed at 10,446.35, up 43.91 points or 0.42%; France’s CAC 40 closed at 8,311.74, down 28.82 points or 0.35%; Germany’s DAX closed at 24,914.88, up 62.19 points or 0.25%.

Commodity Markets: International oil prices declined on February 13. At the close, NYMEX WTI crude futures for the current month fell $0.03 to $62.81 per barrel, down 0.05%. COMEX gold futures rose $115.40 to $5,063.80 per ounce, up 2.33%. COMEX silver futures increased $1.59 to $77.27 per ounce, up 2.10%. Spot gold rose $120.37 to $5,042.22 per ounce, up 2.45%. Spot silver increased $2.11 to $77.39 per ounce, up 2.80%.

Overnight Headlines

Trump Says U.S. Will Send Second Aircraft Carrier to Middle East to Pressure Iran for Deal

According to CCTV News, President Trump confirmed on February 13 that the U.S. military will deploy a second aircraft carrier strike group to the Middle East to pressure Iran into an agreement. “If we can’t reach an agreement, we need it,” Trump said on Friday. “It will be departing soon.”

Trump Says He Will Visit Venezuela

CCTV reporter learned on the 13th that President Trump, in an interview, was asked whether he would visit Venezuela. He responded, “I will visit Venezuela.” However, he provided no further details, including timing or itinerary.

Trump: U.S. President Must Act on Russia-Ukraine Conflict

CCTV reported that on February 13, Trump stated that Ukraine President Zelensky “must take action” regarding the Russia-Ukraine conflict. Trump said, “Russia wants to reach an agreement, Zelensky must act, or he will miss a good opportunity. He must act.”

U.S. January CPI Inflation Eases but Risks Remain; Fed May Continue Watchful Approach

On Friday, the U.S. Labor Department released data showing January consumer prices rose less than expected, providing some relief to consumers who have suffered from soaring prices in recent years. With companies raising prices early in the year and the labor market stabilizing, these factors may lead the Fed to keep interest rates unchanged for a period.

Wall Street Rewrites Rate Outlook After CPI Report; Expect Fed to Cut Rates “2.5 Times” in 2026

Following the January inflation data, traders increased bets that the Fed could cut rates more than twice in 2026, pushing U.S. Treasury prices higher. The Labor Department’s report on February 13 showed January CPI rose 2.4% year-over-year, below the 2.5% expected, and slowed from 2.7% in December 2025, hitting a new low since June last year.

SpaceX Considering Dual-Class Share Structure for IPO; Musk May Retain “Super Voting Rights”

According to sources, Elon Musk’s space company SpaceX is considering adopting a dual-class share structure for its IPO. This structure would give certain shareholders extra voting power, allowing them to control company decisions. This move would enable Musk and insiders to maintain control despite holding a relatively small stake.

Musk Reportedly in Talks with Wall Street to Reduce Debt; SpaceX May Launch Debt Reduction Before Going Public

Latest reports indicate that after Musk announced SpaceX’s acquisition of xAI, banks involved are exploring financing options to reduce Musk’s high debt load, which approached $18 billion from previous acquisitions of Twitter (now X) and founding xAI.

Anthropic Appoints Former GM Executive to Board as It Prepares for IPO

Sources say AI startup Anthropic has added a new board member, former GM executive Chris Liddell, who previously worked at Microsoft and GM, and served as Deputy White House Chief of Staff under Trump. He was also a close associate of Jared Kushner.

Upcoming? Leaked Details Reveal Upgrades in Apple’s New iPhone 17e

Multiple tech insiders suggest Apple’s budget-friendly iPhone SE series will be updated soon. After last year’s iPhone 16e achieved record sales, this new model is expected to feature some “minor but necessary” improvements.

Trump’s Influence Disrupts Middle East; Some OPEC+ Countries Consider Resuming Oil Production in April

Recent reports indicate some OPEC+ members believe they can resume oil production increases in April, arguing that concerns over global oversupply are exaggerated. Representatives suggest there is room to restart the production cuts paused during the first quarter’s seasonal demand lull.

Kremlin: New Round of Russia-U.S.-Ukraine Tripartite Talks to Be Held Next Week in Geneva

According to CCTV, Kremlin spokesperson Peskov said on February 13 that a new round of Russia-U.S.-Ukraine talks will take place February 17-18 in Geneva. The Russian delegation will be led by Presidential Aide Maginsky, and the talks will involve Russia, the U.S., and Ukraine on Ukraine issues. Maginsky has participated in multiple previous negotiations.

FTC Reports: U.S. Investigating Microsoft for Antitrust in Cloud Computing and AI

Amid recent market sell-offs, Microsoft faces new scrutiny. The FTC is reportedly investigating whether Microsoft has used its cloud and AI products to hinder competition in the enterprise computing market. As of now, Microsoft’s stock remains weak, trading at lows not seen since April last year.

Over 1,300 European Industry Groups Warn: High Energy Costs “Killing Competitiveness”

Over 1,300 European industry groups have called on the EU Commission this week to lower energy prices and carbon costs to preserve competitiveness. The statement coincides with a two-day high-level meeting in Belgium focused on revitalizing European industry. It states, “Reducing energy and carbon costs. Europe’s energy prices are too high to compete globally, driven not only by commodity prices but also by various regulatory charges.”

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