Overnight US stocks | Three major stock indices fell this week, with NVIDIA Corporation (NVDA.US) dropping by 4.16%. Meanwhile, spot silver rose over 6.2%.

On Friday, the three major indices all closed lower, recording losses for the week. The Dow Jones Industrial Average (DJIA) fell 1.31% for the week, the Nasdaq fell 0.95%, and the S&P 500 Index fell 0.44%. The US Bureau of Labor Statistics reported that the US Wholesale Price Index rose faster than expected in January, dampening hopes of easing inflation. Excluding volatile food and energy prices, the core Producer Price Index (PPI) rose 0.8% on a seasonally adjusted basis, higher than December's 0.6% increase and well above the Dow Jones' forecast of 0.3% increase. Friday was the last trading day of February. The three major indices had mixed performances for the month, with the Dow slightly rising 0.17%, marking the 10th consecutive month of gains. The Nasdaq fell 3.38% and the S&P 500 Index fell 0.87%. In the US stock market, the Dow Jones Industrial Average closed down 521.28 points, or 1.05%, at 48,977.92 points; the S&P 500 Index fell 29.98 points, or 0.43%, to 6,878.88 points; and the Nasdaq Composite Index fell 210.17 points, or 0.92%, to 22,668.21 points. NVIDIA Corporation (NVDA.US) continued its decline, closing down 4.16%, while CoreWeave (CRWV.US) fell 18.51% and Dell Technologies, Inc. Class C (DELL.US) rose 21.93%. In European stock markets, the German DAX30 Index rose 12.44 points, or 0.05%, to 25,290.14 points; the UK's FTSE 100 Index rose 63.13 points, or 0.58%, to 10,909.83 points; the French CAC40 Index fell 40.18 points, or 0.47%, to 8,580.75 points; the Euro Stoxx 50 Index fell 26.71 points, or 0.43%, to 6,134.85 points; the Spanish IBEX35 Index fell 160.52 points, or 0.87%, to 18,336.08 points; and the Italian FTSE MIB Index fell 313.44 points, or 0.66%, to 47,112.50 points. In Asian stock markets, the Nikkei 225 Index rose 0.16% and the KOSPI Index fell 1%. In the cryptocurrency market, Bitcoin fell over 2.5% to $65,765.18, and Ethereum fell over 5% to $1,924.81. In the oil market, WTI crude oil futures for April rose 2.8% to settle at $67.02 per barrel, while Brent crude oil futures for April settled at $72.40 per barrel. The US Dollar Index fell on Friday due to the decline in the US stock market, returning to a basic level. The dollar erased its gains following the higher-than-expected US Producer Price Index. The Bloomberg Dollar Spot Index was close to flat after erasing less than 0.2% gains in the month, maintaining stability. In the metals market, spot gold rose 1.84% to $5,280.30, while spot silver surged over 6.2% to $93.784. In macroeconomic news, former President Trump called on the Supreme Court to reconsider or review his tariff policy case. US companies disclosed buyback plans totaling $233 billion in February, reaching a new high for the same period in previous years. UBS Group AG downgraded its rating on US stocks, warning of multiple risks including policy and valuation factors. Individual stock news included Tesla, Inc. (TSLA. US) CEO Musk's SpaceX considering secretly submitting a US IPO application as early as March and Paramount (PSKY.US) acquiring Warner Bros. Discovery (WBD.US) for $31 per share. Trump Media & Technology Group (DJT.US) is considering spinning off "Truth Social" into a separate company. Bank of America Corp. raised its target price for Dell Technologies, Inc. Class C (DELL.US) from $135 to $155.