Overnight US stocks | The three major indices are fluctuating differently, with Micron Technology (MU.US) soaring more than 13% after hours. Spot gold briefly fell below the $4,000 mark.

On Wednesday, the three major indices rose and fell unequally. Micron Technology (MU.US) surged more than 13% in after-hours trading after announcing its latest financial report, with revenue for the third quarter reaching $41.4 billion, far exceeding the market expectation of $35.4 billion. Chip stocks in the US followed suit after trading hours, with Marvell Technology, Inc. (MRVL.US) rising more than 4%, Intel Corporation (INTC.US) rising more than 3%, ASML Holding NV ADR (ASML.US) rising nearly 4%, Seagate Technology Holdings PLC (STX.US) rising 9%, and Qualcomm (QCOM.US) rising 6%. [US Stocks] At the close, the Dow rose 182.06 points, or 0.35%, to 51,848.90; the Nasdaq fell 110.40 points, or 0.43%, to 25,476.64; and the S&P 500 fell 7.24 points, or 0.10%, to 7,358.22. SpaceX (SPCX.US) fell 1%, Microsoft Corporation (MSFT.US) fell 2%, Oracle Corporation (ORCL.US) fell 4.5%. The Nasdaq Golden Dragon Index fell 1.77%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell nearly 3%, and Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose more than 3%. [European Stocks] The German DAX30 index fell 197.03 points, or 0.79%, to 24,740.00; the UK FTSE 100 index rose 34.31 points, or 0.33%, to 10,463.16; the French CAC40 index rose 44.78 points, or 0.54%, to 8,385.49; the Euro Stoxx 50 index fell 12.10 points, or 0.19%, to 6,218.45; the Spanish IBEX35 index fell 89.69 points, or 0.46%, to 19,386.81; and the Italian FTSE MIB index fell 382.91 points, or 0.74%, to 51,641.50. [Asian Stock Markets] The Nikkei 225 index fell 0.88%, the South Korea Composite Stock Price Index rose 3.26%, and the India Sensex index rose 1%. [US Treasury Department] The US dollar index, which measures the dollar against six major currencies, rose 0.2% to 101.611 in the forex market at the end of the day. At the New York forex market close, 1 euro exchanged for $1.1355, lower than the previous trading day's $1.1379; 1 pound exchanged for $1.3162, lower than the previous trading day's $1.3188. 1 USD exchanged for 161.76 yen, higher than the previous trading day's 161.57 yen; 1 USD exchanged for 0.8124 Swiss francs, higher than the previous trading day's 0.8100 Swiss francs; 1 USD exchanged for 1.4237 Canadian dollars, higher than the previous trading day's 1.4214 Canadian dollars; 1 USD exchanged for 9.7714 Swedish krona, higher than the previous trading day's 9.7466 Swedish krona. [Cryptocurrencies] Bitcoin fell below the $60,000 mark, closing at $60,762; Ethereum fell over 3%, trading at $1,609. [Crude Oil] International oil prices fell significantly on the 24th. As of the closing, the light crude oil futures prices for August delivery on the New York Mercantile Exchange fell $2.87 to $70.34 per barrel, a decrease of 3.92%; the Brent crude oil futures prices for August delivery fell $3.34 to $73.74 per barrel, a decrease of 4.33%. An analyst at ING Groep NV Sponsored ADR said, "Positive signals from the Persian Gulf are driving market optimism about the resumption of crude oil flow in the Strait of Hormuz. The number of ships passing through the strait has increased recently, but still significantly below pre-war levels." [Precious Metals] Spot gold fell below the $4,000 mark, closing down 2.65% at $4,001.14; spot silver traded at $57.424. [Macro News] Trump: Iran has agreed to all my demands. After ending a closed-door lunch meeting with Senate Republicans, US President Trump made a brief statement to the media about oil prices and progress in negotiations with Iran. "We had a great meeting, we're proud of this party; we love our leader, and we love everyone here - of course, there are a few that I don't like, but that's okay. I think you know who they are," Trump said. Trump described the Republican Party as "a highly united party" and declared the US as "the hottest country in the world." "We're setting records with the number of factories we're building, and all of these factories will be operational soon. This means job opportunities, and our employment data is amazing," he said. "Also, I see that oil prices have just fallen below $70. Who would have thought this would happen? And this is during a war, with Iran also behaving very well. They have agreed to all my demands, and they must do so." However, according to Punchbowl reporters, a Republican senator described Trump's meeting as a "venting session". Trump was in a bad mood from the start, and his interaction with Senator Cassidy on Iran further exacerbated this mood. At the time, Trump was criticizing those Republican senators who voted to limit war powers. Federal Reserve Finalizes Plan to Reshape Bank Regulatory Department. Michelle Bowman, Vice Chair of the Federal Reserve overseeing regulatory affairs, has completed a restructuring of the agency's bank regulatory department, aiming to focus on financial risks she deems crucial. "This restructuring marks an important step in refocusing our efforts on major financial risk regulation, while also striving to make the Fed's bank regulatory work more effective, efficient, fair, and transparent, and strengthen public accountability," Bowman wrote in a memo to staff. These adjustments in the Regulatory and Policy Department will take effect on July 12, with personnel and resources being reallocated to four functional groups: Regulatory; Financial Research, Risk, and Applications; Regulation and Policy; and Business Empowerment. Bowman also stated that the department will begin hiring various leadership and regular staff. Bank of Canada: Cautiously Addressing Inflation Pressures and Avoiding Overreaction. The meeting minutes released by the Bank of Canada on Wednesday showed that key policy rates were kept unchanged this month due to weak economic conditions and little evidence that rising oil prices had transmitted to other goods and services. The Bank of Canada kept its main rate at 2.25% on June 10, marking the fifth consecutive hold. The meeting minutes showed that the six top decision makers led by Bank of Canada Governor Macklem unanimously agreed that this move was appropriate to balance the risks of upward price pressures and economic challenges, as the country's economy unexpectedly contracted for two consecutive quarters. The minutes stated, "In addressing the rise in inflation, the council neither wants to overreact nor to react too slowly." [Individual Stock News] US Large Banks Increase Dividends After Stress Tests, JP Morgan Launches $50 Billion Buyback. US large banks raised dividends after passing the Federal Reserve's annual stress test. In recent years, as regulatory agencies gradually adjusted related requirements, the threshold for these tests has been relaxed. JPMorgan Chase (JPM.US), as the largest bank in the US, raised its quarterly dividend from $1.50 per share to $1.65. In addition, JP Morgan also approved a new $50 billion stock buyback program, effective July 1. Wells Fargo & Company (WFC.US) raised its dividend from $0.45 per share to $0.50, while Morgan Stanley (MS.US) raised its dividend from $1 per share to $1.15. Goldman Sachs Group, Inc. (GS.US) raised its dividend from $4.50 to $5. Qualcomm Launches AI CPU Meta for Data Centers. Qualcomm (QCOM.US) released a data center central processing unit (CPU) called Dragonfly C1000 on Wednesday, and stated that Meta Platforms (META.US) will adopt this processor when it enters mass production in 2028. Qualcomm stated that this new data center CPU is designed specifically for agent-based artificial intelligence and focuses on providing superior computing performance without consuming excessive electricity. This move once again demonstrates that the chip manufacturer, known for its smartphone processors and modems, is actively entering the data center market. Two More Prominent AI Talents from Alphabet Inc. Class C Set to Join Anthropic. Two top artificial intelligence researchers at Alphabet Inc. Class C (GOOG.US) of Alphabet are reportedly planning to resign to join rival Anthropic. This move exacerbates a situation where the company is experiencing a loss of a series of heavyweight talents, potentially weakening its position in the field of artificial intelligence. According to sources, Jonas Adler and Alexander Pritzel are set to join Anthropic; within Alphabet Inc. Class C, these two are considered key contributors to the Gemini AI model. Adler was previously involved in the company's AI programming projects, while Pritzel was involved in training artificial intelligence systems. Broadcom Inc. CEO: OpenAI Chip Marks a Trend of Labs Shifting Towards Building Custom Hardware. Broadcom Inc. (AVGO.US) CEO Hock Tan revealed that the first appearance of the AI chip Jalapeo developed by OpenAI and Broadcom Inc. marks a trend of AI labs shifting towards developing proprietary hardware and infrastructure. Tan stated, "This validates our business model, which is that every model developer - Big Language Model cutting-edge model developers - will eventually move towards designing and building their own chips, computing power, and computing development, because they can do it better." Tan added that OpenAI's choice of a full-stack strategy has created a "superior" chip for its purpose.