Overnight US stocks | The three major stock indices all hit record highs, Snowflake (SNOW.US) soared 36% in after-hours trading.

On Wednesday, the three major indexes hit historic highs. The decline in oil prices provided support to the market. According to reports, Iran's national television announced that the country has pledged to restore commercial navigation in the Strait of Hormuz to pre-war levels within a month, causing U.S. crude oil futures to fall by over 5% to around $88 per barrel. [US Stocks] At the close, the Dow Jones rose by 182.60 points, or 0.36%, to 50644.28 points; the Nasdaq rose by 18.55 points, or 0.07%, to 26674.73 points; the S&P 500 index rose by 1.24 points, or 0.02%, to 7520.36 points. Tech stocks had mixed performances, with Micron Technology, Inc. (MU.US) rising by 3.63% to hit new highs. Tesla, Inc. (TSLA.US) rose by 1.66%, Qualcomm (QCOM.US) fell by over 6%, Intel Corporation (INTC.US) fell by 1.4%. Snowflake (SNOW.US) surged by 36% in after-hours trading, announcing a $6 billion partnership agreement with Amazon.com, Inc.; Nebius (NBIS.US) surged by over 15% in after-hours trading after Situational Awareness disclosed holding 5.6% of the company's shares; Dell Technologies, Inc. Class C rose by over 4%, securing a defense cooperation order from the U.S. Department of Defense. [European Stocks] The Germany DAX30 index fell by 33.03 points, or 0.13%, to 25172.89 points; the UK FTSE 100 index rose by 9.57 points, or 0.09%, to 10500.96 points; the France CAC40 index rose by 34.78 points, or 0.43%, to 8207.89 points; the Euro Stoxx 50 index rose by 5.59 points, or 0.09%, to 6068.15 points; the Spain IBEX35 index rose by 71.82 points, or 0.39%, to 18362.72 points; the Italy FTSE MIB index fell by 347.72 points, or 0.70%, to 49551.50 points. [Asian Stocks] The Nikkei 225 index slightly rose, the South Korea Composite Stock Price Index rose by 2.25%, the India Sensex index fell by 0.19%. [US Dollar Index] The US dollar index rose on the 27th. The US dollar index against six major currencies rose by 0.04% to close at 99.206 in the foreign exchange market. At the close of the New York foreign exchange market, 1 Euro exchanged for 1.1629 US dollars, roughly the same as the previous trading day; 1 British Pound exchanged for 1.3430 US dollars, lower than the previous trading day's 1.3445 US dollars. 1 US dollar exchanged for 159.51 Japanese Yen, higher than the previous trading day's 159.33 Japanese Yen; 1 US dollar exchanged for 0.7868 Swiss Franc, higher than the previous trading day's 0.7857 Swiss Franc; 1 US dollar exchanged for 1.3835 Canadian Dollar, higher than the previous trading day's 1.3813 Canadian Dollar; 1 US dollar exchanged for 9.2972 Swedish Krona, lower than the previous trading day's 9.3198 Swedish Krona. [Cryptocurrency] Bitcoin hovered between 75,000-78,000, closing at $75,818.36 after the US stock market closed, a decrease of over 1.6%; Ethereum fell by over 1.5%, closing at $2,072. [Crude Oil] July WTI crude oil fell by 5.6%, settling at $88.68 per barrel; July Brent crude oil futures fell by 5.3%, settling at $94.29 per barrel. [Precious Metals] Spot gold fell below the $4,500 mark, closing at $4459.14; spot silver was at $74.647. [Macro News] Trump warns ally Oman: stop misbehaving or be bombed. U.S. President Trump expressed his views on reports related to Iran and Oman controlling the Strait of Hormuz, stating that Oman "better behave," and refusing any such mechanisms, "otherwise we will have to bomb them." Iranian authorities have proposed cooperation with Omani authorities to control and regulate maritime traffic in the strait between Iran and Oman. Meanwhile, Iran had considered establishing a joint fee mechanism with Oman, a proposal that was opposed by the U.S. In response to this, Trump told reporters after a cabinet meeting, "No one can control the strait. The strait will be open to everyone," and the U.S. will "closely monitor the situation." Trump added, "Oman will act like any other country, or we'll have to bomb them. They get it, so no problem." Fed Governor Cook: Prepared to raise rates if inflation persists. Federal Reserve Governor Lisa Cook stated in a speech at Stanford University on Wednesday that inflation is heading in the wrong direction, and if this continues, she is prepared to raise rates. While Cook indicated that she currently leans towards keeping borrowing costs unchanged and expects price growth to cool again in the coming months, her comments align with the views of many Fed officials, that accelerating inflation is now a bigger policy concern than labor market conditions. Cook said, "I want to be clear in my risk assessment: the risks still tend toward higher inflation." Cook stated that inflation rates over the past five years have been above the Fed's 2% target, posing risks of embedding price and wage-setting behaviors. "So, if the expected process of falling inflation does not materialize in a timely manner, I am prepared to raise rates," she said. [Individual Stock News] Meta launches AI chat subscription service Siasun Robot&Automation to offset related expenses. Meta Platforms (META.US) has launched its consumer subscription service Meta One Plus and Meta One Premium for its Meta AI chat service Siasun Robot&Automation to help offset the company's trillion-dollar investment in AI. The new subscription service is available in two tiers: Meta One Plus for $7.99 per month and Meta One Premium for $19.99 per month. Meta first rolled out the Meta AI subscription service in Singapore, Guatemala, and Bolivia, with plans to expand to more countries later on. Users can still use Meta's AI chat service Siasun Robot&Automation for image and video generation for free, but increased usage will eventually encounter usage limits. Meta declined to disclose the usage limits for each tier, but noted that higher-tier members significantly use more than lower-tier. United Airlines (UAL.US) CEO expects double-digit profit margin next year. United Airlines CEO Scott Kirby stated on Wednesday that with falling oil prices and strengthening demand, the company is gradually offsetting the impact of high fuel costs, and he is increasingly confident that the airline will achieve a double-digit pre-tax profit margin next year. Kirby said at the Bernstein Investor Conference that before tensions with Iran led to a rise in fuel prices, United Airlines was on track to achieve a double-digit profit margin this year. He stated that the drop in oil prices has lowered the threshold for the airline to fully offset the impact of fuel costs through revenue, and added that the process of achieving 100% recovery is likely moving forward.