Magnificent 7 U.S. Tech Stocks Closing Report | On Friday (February 20), the Magnificent 7 Index rose 1.56% to 197.67 points, continued to climb in early trading, and has been fluctuating at a high level since 23:40 (GMT+8). The index is up 2.63% for the week.

According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.