Overnight US stocks | Three major indexes fall, NASDAQ almost completely erases gains for the year, Paypal (PYPL.US) drops over 20%.

On Tuesday, the three major indexes closed lower, with the Nasdaq almost completely erasing its gains for the year. Bitcoin briefly fell below the $73,000 mark, while Ethereum dropped to near $2,100. A partial government shutdown in the US will delay the release of the January jobs report scheduled for this Friday. [US Stocks] At the close, the Dow fell 166.67 points, or 0.34%, to 49,240.99; the Nasdaq dropped 336.92 points, or 1.43%, to 23,255.19; and the S&P 500 index declined 58.63 points, or 0.84%, to 6,917.81. NVIDIA Corporation (NVDA.US) fell by 2.8%, PayPal (PYPL.US) by 20.3%, Oracle Corporation (ORCL.US) by over 3%, and Microsoft Corporation (MSFT.US) by nearly 3%. The Nasdaq Golden Dragon Index fell by 0.9%, while Alibaba Group Holding Limited Sponsored ADR (BABA.US) dropped by 2.8%. [European Stocks] The German DAX30 index fell by 5.17 points, or 0.02%, to 24,779.75; the UK's FTSE 100 index dropped by 28.83 points, or 0.28%, to 10,312.73; the French CAC40 index declined by 1.67 points, or 0.02%, to 8,179.50; the Euro Stoxx 50 index fell by 13.65 points, or 0.23%, to 5,993.86; while Spain's IBEX35 index rose by 0.18 points, or 0.00%, to 18,103.88; and Italy's FTSE MIB index increased by 860.08 points, or 1.89%, to 46,387.50. [Cryptocurrency] Cryptocurrencies faced selling pressure, with Bitcoin briefly dropping below the $73,000 mark before rebounding to above $76,000; Ethereum briefly dropped to a low of $2,109.5 before bouncing back above $2,200. [US Dollar Index] The US dollar index, which measures the dollar against six other major currencies, fell by 0.21% to close at 97.434 in the forex market. At the close of the New York forex market, 1 euro exchanged for $1.1811, higher than the previous trading day's $1.1783; 1 pound exchanged for $1.3684, higher than the previous trading day's $1.3651. 1 dollar exchanged for 155.77 yen, higher than the previous trading day's 155.71 yen; 1 dollar exchanged for 0.7756 Swiss francs, lower than the previous trading day's 0.7809 Swiss francs; 1 dollar exchanged for 1.3644 Canadian dollars, lower than the previous trading day's 1.3698 Canadian dollars; and 1 dollar exchanged for 8.9154 Swedish kronor, lower than the previous trading day's 8.9780 Swedish kronor. [Metals] Precious metal prices rebounded, with spot gold rising by 6.2% to $4946.54, and spot silver climbing back above $85. [Macro News] Trump signs appropriation bill to end partial government shutdown. On February 3rd local time, US President Trump signed an appropriation bill in the Oval Office of the White House to end the partial government shutdown. Earlier that day, the US House of Representatives voted to pass a bill to fund several federal government departments for the remainder of the fiscal year, resolving the deadlock that began on January 31st. The bill will provide funding for several federal government departments until September 30th, the end of the fiscal year, and will provide two weeks of funding for the Department of Homeland Security, which has been the subject of controversy and protests due to immigration enforcement actions, to continue negotiations on improving the department's operations. [Individual Stock News] NVIDIA Corporation CEO: The widespread application of artificial intelligence will eventually lower energy costs. NVIDIA Corporation (NVDA.US) CEO Jensen Huang stated that the large-scale construction of AI computing infrastructure is putting pressure on many regions' power grids, but this will ultimately lead to lower energy costs. Huang said that increased investment in power supply and the use of AI technology in energy production and distribution processes will help reduce long-term costs. He said, "This will definitely happen, and energy costs will decrease. Market forces will drive us to increase our investment in energy supply. Energy supply will increase, and we are also modernizing the power grid." US tightens visa policies; Alphabet plans to significantly expand its operations in India. Alphabet (GOOG.US) is reportedly planning to expand its business footprint in India by possibly leasing several million square feet of new office space in Bangalore, India's tech hub. According to sources, Alphabet Inc.'s parent company has leased an office building in Embassy City and has the option to purchase two other buildings. Embassy City is a development project located in the Whitefield Tech Corridor with a total area of 2.4 million square feet. The first building is expected to open to employees in the coming months, while the construction of the other two buildings will be completed next year. Sources suggest that if Alphabet does use all of the office space, the complex will be able to accommodate up to 20,000 additional employees, potentially more than doubling the company's business scale in India. Alphabet currently has around 14,000 employees in India, while its global workforce is approximately 190,000. Netflix and Warner Bros. Discovery to testify before US Senate committee on their merger. According to reports, Netflix (NFLX.US) and Warner Bros. Discovery (WBD.US) will testify before a skeptical Senate committee on Tuesday to defend their $82.7 billion merger and refute allegations that the merger will harm competition in the streaming market. Paramount Global, a bidding competitor, will not attend the hearing. David Ellison, the company's chairman and CEO, declined the invitation to testify last week.