Overnight US stocks | Nasdaq and S&P 500 indices hit new all-time highs again, SanDisk (SNDK.US) rose by 8.25%

On Friday, the three major indexes rose and fell differently, with the Nasdaq and S&P 500 indexes hitting new historical highs again. All three major stock indexes recorded gains for the week, with the Nasdaq closing above 25,000 points for the first time. For the week, all three major U.S. stock indexes recorded gains, with the Dow rising by 0.55%, the S&P 500 rising by 0.91%, and the Nasdaq rising by 1.12%. [US Stock Market] At the close, the Dow fell 152.87 points, or 0.31%, to 49,499.27 points; the Nasdaq rose 222.13 points, or 0.89%, to 25,114.44 points; the S&P 500 rose 21.11 points, or 0.29%, to 7,230.12 points. Apple Inc. (AAPL.US) rose by 3.24%, while Sandisk (SNDK.US) rose by 8.25%. Intel Corporation (INTC.US) rose by 5.44% to a new high of $99.62 at the close. [European Stock Market] The FTSE 100 index closed at 10,363.93 points, down 0.14%. Stock markets in Germany, France, Italy, and other countries were closed for Labor Day. [US Dollar Index] The US Dollar Index, which measures the dollar against six major currencies, rose by 0.11% to close at 98.157 in the foreign exchange market. At the close of the New York currency market, 1 euro was equivalent to 1.1731 US dollars, higher than the previous day's 1.1729 US dollars; 1 pound was equivalent to 1.3589 US dollars, higher than the previous day's 1.3583 US dollars. 1 US dollar was equivalent to 157.02 Japanese yen, higher than the previous day's 156.49 Japanese yen; 1 US dollar was equivalent to 0.7811 Swiss francs, lower than the previous day's 0.7819 Swiss francs; 1 US dollar was equivalent to 1.3587 Canadian dollars, lower than the previous day's 1.3612 Canadian dollars; 1 US dollar was equivalent to 9.2172 Swedish kronor, lower than the previous day's 9.2354 Swedish kronor. [Cryptocurrency] Bitcoin rose above $78,000, while Ethereum remained relatively stable at $2,292.72. [Crude Oil] The price of light crude oil futures for June delivery on the New York Mercantile Exchange fell by $3.13 to close at $101.94 per barrel, a decrease of 2.98%; the price of Brent crude oil futures for July delivery in London fell by $2.23 to close at $108.17 per barrel, a decrease of 2.02%. [Precious Metals] Spot gold slightly fell by 0.11%, closing at $4615.66 per ounce; spot silver rose by 2.14%, closing at $75.347 per ounce. [Macro News] U.S. Exports of liquefied natural gas to Asia surged in April. Preliminary data from LSEG's ship tracking data showed a sharp increase in U.S. exports of liquefied natural gas (LNG) to Asia in April. With production in the Middle East region limited by conflicts, U.S. producers effectively filled the gap left by reduced supplies from Middle Eastern exporters. In April, nearly a quarter of total U.S. LNG exports went to Asia. Data shows that since the U.S. and Israel's strikes against Iran, U.S. LNG shipments to Asia have increased by over 175%; specifically, these exports surged from about 970,000 tons in February to 1.99 million tons in March, and further increased to 2.71 million tons in April. Fed Director Bauman: Regulators must consider how to deal with new technologies such as Mythos. Federal Reserve's top banking regulator Bauman said regulators must consider how to regulate new technologies like Mythos by Anthropic in the best way. "On one hand, this capability allows companies to address vulnerabilities they self-identify, thereby enhancing cybersecurity," Bauman said. "But on the other hand, if maliciously used, it may be used to identify and exploit weaknesses." Amid evaluations of protective measures against this powerful new technology, Anthropic has restricted the release of its latest artificial intelligence model. The model has also led Trump administration officials to begin considering the possibility of cyber attacks that threaten financial stability. Trump tells U.S. Congress that conflict with Iran has ended to avoid war authorization. U.S. President Trump informed Congress on Friday that hostile actions against Iran ended in April, aiming to bypass congressional authorization. According to the 1973 War Powers Act, U.S. presidents can use military force overseas for up to 60 days without congressional authorization, and Trump's 60-day war authority expired on May 1st. Trump's letter claimed that U.S. stopped combat operations against Iran on April 7th when the two countries reached a temporary cease-fire agreement, which has since been extended. If hostile actions restart, the 60-day countdown will reset and start over - a legal interpretation that may be challenged by Senate Democrats. "Since April 7, 2026, there has been no exchange of fire between U.S. forces and Iran. Hostilities which began on February 28, 2026, have ceased," Trump wrote in the letter. Media: Iran eases conditions for resuming talks with the United States. Iran has presented a new proposal to Washington aimed at ending the war, showing signs of compromise, in an effort to restart negotiations to resolve the economic stalemate that is causing heavy losses. Sources revealed that Iran's new proposal takes a step closer to the U.S.: it proposes discussing Iranian conditions for opening the Strait of Hormuz at the same time as the U.S. promises to cease attacks and lift the blockade on Iranian ports. The new proposal also suggests discussing issues related to the Iranian nuclear program in exchange for U.S. sanctions relief. Iran has informed mediators that if Washington shows openness to this new proposal, Iran is prepared to attend talks in Pakistan early next week. Trump: Will increase tariffs on EU imports of cars and trucks to the U.S. next week. Trump announced that, having been pleased to announce, due to the EU's failure to comply with our agreed trade agreement, I will raise tariffs on EU cars and trucks entering the U.S. next week. Tariffs will be increased to 25%. It is clear and agreed that if they manufacture cars and trucks in factories within the U.S., they will be exempt from tariffs. Currently, many car and truck manufacturing plants are under construction, with investments exceeding $100 billion, marking a historic high for the automobile and truck manufacturing industry. These factories, consisting of American workers, are set to open - what is happening in the U.S. today is unprecedented! SEC proposal to change financial reports to semi-annual disclosure under White House review. The U.S. Securities and Exchange Commission's plan to allow listed companies to reduce financial report disclosure frequency from quarterly to semi-annually has passed White House review, bringing it closer to fruition. According to government website information, the review was completed earlier this week, allowing the SEC to formally announce the plan and solicit public opinion. After receiving feedback, the commissioners will need to vote again on the final version for the rule to take effect. The vote usually takes place several months following the review. Following President Donald Trump's call last year to change quarterly reports to semi-annual reports, the SEC has been pursuing this reform of corporate information disclosure requirements. Since 1970, U.S. listed companies have been required to disclose financial information quarterly. [Stock News] Due to the AI craze depleting inventory, Apple Inc. raises the starting price of the Mac Mini by $200. Due to inventory shortages driven by AI demand and processor supply constraints, Apple Inc. raised the starting price of its Mac mini desktop from $599 to $799. The company has canceled the entry-level configuration with an M4 processor and 256GB of storage; the computer's current base configuration still uses the same chip but with storage increased to 512GB. Apple Inc. CEO Tim Cook said the shortage is related to the supply capacity of system-level chips, and the demand for Mac mini and Mac Studio used for AI processing is higher than expected. The U.S. Department of Defense reaches agreements with 7 AI companies. The U.S. Department of Defense announced today that it has reached agreements with 7 leading artificial intelligence companies, including SpaceX, OpenAI, Alphabet Inc. Class C (GOOG.US, GOOGL.US), NVIDIA Corporation (NVDA.US), Reflection, Microsoft Corporation (MSFT.US), and Amazon.com, Inc. (AMZN.US). The statement said, "These agreements accelerate the U.S. military transformation, aiming to build the U.S. military into a 'AI-dominated' combat force and enhance the U.S. military's ability to maintain decision-making superiority in all warfare domains." [Major Banks' Ratings] Mizuho Bank: Raises Sandisk's (SNDK.US) target price from $1000 to $1220 Citi: Raises Western Digital Corporation's (WDC.US) target price from $405 to $500 Morgan Stanley: Raises Eli Lilly's (LLY.US) target price from $1327 to $1344