Overnight US stocks | Three major indices rise, Star Gate concept stocks generally rise, and Arm rises nearly 16%.

On Wednesday, the three major indices rose, with the S&P 500 hitting a high of 6100.81, reaching a new intraday record high. US StocksAt the close, the Dow Jones rose 130.92 points, or 0.30%, to 44156.73; the Nasdaq rose 252.56 points, or 1.28%, to 20009.34; the S&P 500 rose 37.13 points, or 0.61%, to 6086.37. Concept stocks related to Stargate surged, with ARM(ARM.US) rising by 16%, Oracle Corporation(ORCL.US) by 6.7%, NVIDIA Corporation(NVDA.US) and Microsoft Corporation(MSFT.US) by 4%. The Nasdaq Golden Dragon Index fell by 0.66%, Alibaba Group Holding Limited Sponsored ADR(BABA.US) rose by 1%, and Li Auto, Inc. Sponsored ADR Class A(LI.US) fell by over 4%. European StocksThe German DAX30 index rose by 218.84 points, or 1.04%, to 21260.36; the UK FTSE 100 index fell by 3.21 points, or 0.04%, to 8545.08; the French CAC40 index rose by 66.45 points, or 0.86%, to 7837.40; the European STOXX 50 index rose by 40.59 points, or 0.79%, to 5206.55; the Spanish IBEX35 index fell by 59.40 points, or 0.50%, to 11873.00; the Italian FTSE MIB index fell by 204.17 points, or 0.57%, to 35855.00. Asia-Pacific Stock MarketThe Nikkei 225 index rose by 1.58%, the Jakarta Composite index rose by 1.05%, and the South Korean KOSPI index rose by 1.15%. CryptocurrencyBitcoin fell by nearly 2%, to $104087.1. GoldSpot gold rose by 0.39% to $2755.55 per ounce; COMEX gold futures rose by 0.24% to $2765.90 per ounce. Crude OilLight crude oil futures for March delivery on the New York Mercantile Exchange fell by 39 cents to $75.44 per barrel, a decrease of 0.51%; Brent crude oil futures for March delivery on the London exchange fell by 29 cents to $79.00 per barrel, a decrease of 0.37%. US DollarThe US dollar index against six major currencies rose by 0.1% to close at 108.168 in the forex market. At the end of the New York forex market, 1 euro exchanged for $1.0420, higher than the previous trading day's $1.0418; 1 pound exchanged for $1.2324, lower than the previous trading day's $1.2328. 1 dollar exchanged for 156.52 yen, higher than the previous trading day's 155.56 yen; 1 dollar exchanged for 0.9061 Swiss francs, lower than the previous trading day's 0.9066 Swiss francs; 1 dollar exchanged for 1.4371 Canadian dollars, higher than the previous trading day's 1.4335 Canadian dollars; 1 dollar exchanged for 10.9945 Swedish krona, higher than the previous trading day's 10.9930 Swedish krona. Macro News Elon Musk and Donald Trump may have a rift over the "Stargate" project. According to foreign media reports, a few hours after Trump announced a major artificial intelligence investment, he was questioned by one of his closest allies, Elon Musk. Musk openly challenged this $500 billion project led by OpenAI and other tech giants, which could anger Trump. Since Trump returned to the White House, their relationship has become closer, but this may be one of their most public disagreements to date. Musk responded to the project announced by OpenAI on Tuesday evening, saying, "They don't actually have that money." Musk claimed to have "reliable authoritative information" that Softbank ensures the funds they can raise are "far below" $100 billion. OpenAI CEO Sam Altman later responded to Musk: "Wrong, you definitely know." He urged Musk to put the country ahead of his own company's interests. BlackRock, Inc. CEO: Bitcoin price may rise to $700,000. Larry Fink, CEO of the world's largest asset management company BlackRock, Inc., believes that the price of Bitcoin could rise to $700,000. Speaking at the World Economic Forum in Davos, Switzerland, Fink believes that the cryptocurrency Bitcoin, as one of the transnational investment tools, will become more and more popular, with the ultra-rich allocating 2% to 3% of their funds to this tool, causing its price to continue to rise, even up to $700,000. However, Fink emphasized that he is not trying to promote Bitcoin. "Cathie Wood" bets: Trump's agenda will revive the US IPO market. According to foreign media reports, Cathie Wood, founder of Ark Investment, is betting that Trump's regulatory and growth agenda will revive the US IPO market. She said in an interview on Wednesday, "Regulatory reform will be very helpful for the recovery of the public market. I understand why companies want to stay private. There are a lot of frictions they face when entering the public market." After a small rebound in new stock offerings in 2024, Wall Street has been waiting for a larger recovery in IPOs. Wood said, "What the new government is doing is changing fear with optimism. People severely underestimate the importance of relieving regulatory constraints to unleash instincts. We are very excited about this. Our strategy is starting to stand out." Options traders bet that the yield on the US 10-year Treasury bond will rise by 100 basis points within a month. Put options for 10-year US Treasuries for March delivery have seen significant buying, targeting a yield of around 5.6% before expiry on February 21. The premium on this position is about $780,000. US traders said that at 2:32 pm New York time, 50,000 put options for the US Treasury for March delivery with an exercise price of 102.00 were purchased. The option was cut off before it fully appeared.As of the closing on Tuesday, the number of open contracts that have not been closed is at 2,900, indicating that this capital flow is for new positions. As of 2:50 in the afternoon, the yield on the 10-year US Treasury bond is around 4.60%, up 2 basis points for the day.The mortgage rate in the United States has dropped to 7.02%, the first decrease in six weeks. The decrease in mortgage rates for the first time in six weeks has kept the housing application index at a one-year high. According to data released by the Mortgage Bankers Association (MBA) on Wednesday, the 30-year mortgage contract rate dropped by 7 basis points to 7.02% for the week ending January 17th. The decrease in financing costs further boosted loan activity. The MBA Purchase Index rose by 0.6%. Although this index has been adjusted for seasonal effects, it is still prone to significant fluctuations in the weeks around the end and beginning of the year. Mortgage rates follow US bond yields, which fell last week as lower-than-expected inflation data raised market bets on an earlier interest rate cut by the Federal Reserve than previously imagined. Government bond yields continued to decline this week as President Donald Trump did not immediately implement tariffs at the beginning of his term, which may further suppress mortgage rates in next week's data. [Stock News] Wedbush: The Golden Age of Tesla, Inc. (TSLA.US) has arrived, with a conservative estimate of breaking $550. Wedbush Securities has raised its consensus target price for global electric vehicle leader Tesla, Inc. from $515 to $550, with the Wedbush analyst team believing that the golden age of Robotaxi and Optimus, created by the AI supercomputing system for autonomous driving and fully autonomous driving (FSD), has arrived. As of the close of trading on Tuesday, Tesla, Inc. stock closed at $424.070. With the progress of the Trump administration on future autonomous driving and FSD audits and formal approvals potentially ahead of schedule compared to the Biden administration, the team led by Wedbush senior analyst Dan Ives is increasingly confident in the "narrative logic" for demand delivery after 2025. The $550 target price is Wedbush's bullish target for Tesla, Inc., meaning that the institution sees a high probability of Tesla, Inc. significantly rising to break through $550 in the next 12 months. Wedbush's "bull case target price" for Tesla, Inc., i.e. the most optimistic expected stock price, has been raised to $650.