Overnight US stocks | The three major indices rose and fell differently, with only Tesla, Inc. (TSLA.US) closing higher among the "Big Seven". SpaceX (SPCX.US) plummeted by over 16%.
As of the close, the Dow Jones rose 148.01 points, or 0.29%, to 51,712.17 points; the Nasdaq fell 351.33 points, or 1.32%, to 26,166.60 points; the S&P 500 index fell 27.79 points, or 0.37%, to 7,472.79 points.
On Monday, the three major stock indices fluctuated, with most of the "Big Seven" stocks in the US falling. The Senior Research Scientist at Alphabet Inc. Class C DeepMind, John Jumper, transferred to Anthropic, causing the stock price of Alphabet Inc. Class C to drop by over 5%. Amazon.com, Inc. fell by 4.75%, Microsoft Corporation by 3.18%, Meta by 2.32%, NVIDIA Corporation by 0.97%, and Apple Inc. by 0.34%. Tesla, Inc. bucked the trend with a 1.14% increase.
In the US stock market at the close, the Dow rose by 148.01 points, or 0.29%, to 51712.17 points; the Nasdaq fell by 351.33 points, or 1.32%, to 26166.60 points; and the S&P 500 fell by 27.79 points, or 0.37%, to 7472.79 points. SpaceX fell by 16.4%, Intel Corporation rose by 5%, Micron Technology, Inc. rose by nearly 7%, and NVIDIA Corporation fell by 1%. The Nasdaq Golden Dragon Index closed with a 1.3% decrease.
In European stocks, the Germany DAX30 index rose by 107.32 points, or 0.43%, to 25132.93 points; the UK FTSE 100 index rose by 70.21 points, or 0.68%, to 10433.48 points; the France CAC40 index fell by 21.03 points, or 0.25%, to 8400.11 points; the Europe Stoxx 50 index rose by 18.92 points, or 0.30%, to 6312.05 points; the Spain IBEX35 index rose by 206.93 points, or 1.07%, to 19554.33 points; and the Italy FTSE MIB index fell by 42.43 points, or 0.08%, to 52806.50 points.
In the Asian stock markets, the Nikkei 225 index rose by 1.55%, the Korea Composite Stock Price Index rose by 0.69%, and the India Sensex index rose by 0.38%.
The US dollar index rose on the 22nd. The US dollar index, which measures the dollar against six major currencies, rose by 0.29% to close at 101.024 in the forex market. At the close of the New York forex market, 1 euro exchanged for 1.1424 US dollars, lower than the previous trading day's 1.1477 US dollars; 1 pound exchanged for 1.3244 US dollars, higher than the previous trading day's 1.3234 US dollars. 1 US dollar exchanged for 161.42 Japanese yen, higher than the previous trading day's 161.26 Japanese yen; 1 US dollar exchanged for 0.8091 Swiss francs, higher than the previous trading day's 0.8066 Swiss francs; 1 US dollar exchanged for 1.4157 Canadian dollars, lower than the previous trading day's 1.4174 Canadian dollars; and 1 US dollar exchanged for 9.6212 Swedish krona, higher than the previous trading day's 9.5742 Swedish krona.
In cryptocurrency, Bitcoin rose by 0.9% to above $64,000, and Ethereum rose by nearly 1% to $1735.28.
At the close, the price of light crude oil futures for delivery in July on the New York Mercantile Exchange fell by $1.78 to $74.82 per barrel, a decrease of 2.32%; and the price of Brent crude oil futures for delivery in August on the London Mercantile Exchange fell by $2.67 to $77.90 per barrel, a decrease of 3.31%. According to data released by the U.S. Energy Corp., crude oil stocks in the US strategic petroleum reserve fell to 331.2 million barrels, the lowest level since June 1983. Emergency petroleum reserve stocks decreased by 9.05 million barrels, the third largest weekly decrease on record. This inventory decline is part of the US's commitment to release 172 million barrels of crude oil from the strategic petroleum reserve.
In precious metals, spot gold rose by 0.88% to $4192.36 per ounce. Spot silver fell slightly to $65.075 per ounce.
In macro news:
Trump signs two executive orders to deploy quantum computers for scientific research by 2028. According to reports, Trump has signed two executive orders aimed at accelerating the development of advanced quantum computers and reducing the security threats they pose. One executive order signed on Monday instructs federal agencies including the Department of Energy to work with the private sector and academia to deploy a quantum computer for scientific research by 2028. This goal is seen as a key indicator of the technology's practical application. Quantum computers can solve problems at speeds far exceeding those of traditional supercomputers, making them an increasingly important area of focus globally. The second executive order signed by Trump requires government agencies and security experts to prepare for quantum systems that may break standard encryption systems faster than expected. The goal is to strengthen government and private-sector security systems to prevent advanced quantum hackers from attacking critical infrastructure.
The Federal Reserve issues a statement on the passing of former chairman Greenspan. The Federal Reserve issued a statement on the passing of former chairman Alan Greenspan. Greenspan died at the age of 100 at home due to complications from Parkinson's disease. The statement said: "The Federal Reserve mourns the passing of Alan Greenspan. During his 18-year tenure as chairman, he led the Federal Reserve through significant economic expansions and periods of great stress. Under his leadership, the Federal Reserve achieved sustained price stability, supported economic growth, and helped build public trust in the Federal Reserve."
The US approves the sale of some Iranian crude oil. US Treasury Secretary Benson stated, "Under the leadership of President Trump and Vice President, we continue to work towards a safer and more prosperous world." As part of the constructive talks currently taking place in Switzerland, Iran has committed to ensuring the freedom and open passage of the Strait of Hormuz and allowing International Atomic Energy Agency inspectors to enter its territory. As part of the framework agreement, the US Treasury Department has issued a 60-day temporary general license authorizing the production, delivery, and sale of Iranian oil. According to the US Treasury Department website, the new general license authorizes transactions including the import of Iranian crude oil, petrochemical products, and petroleum products into the US, excluding transactions involving countries such as Cuba and Ukraine.
Bank of America expects the Federal Reserve to raise interest rates three times this year. Bank of America Corp. currently expects the Federal Reserve to raise interest rates three times this year, the latest sign that Wall Street is preparing for a more aggressive Fed rate hike. The bank's economists previously expected the Fed to keep rates unchanged this year. The adjustment in their expectations is due to strong economic data and a shift in the Fed's communication towards a hawkish stance, implying that the Fed will take a more active approach to combating inflation. Bank of America Corp.'s forecast for three rate hikes is still in the minority: currently, only 19% of market investors expect three rate hikes, although this percentage has increased from 3% a week ago. Investors believe that two rate hikes this year are the most likely outcome.
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