On Monday Eastern Time, the three major US stock indexes closed with mixed gains and losses. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index rose 0.11%, and the Nasdaq rose 0.56%. Nvidia rose nearly 5%, reaching a new historical closing high. Meta rose more than 2%, Amazon rose more than 1%, and Google and Apple rose slightly; Netflix, Tesla, and Intel fell more than 1%, while Microsoft fell slightly. WSB popular concept stocks surged, game stations rose over 21%, and AMC theaters rose over 11%.
Most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling 0.35%. Weibo and Tencent Music fell more than 3%, iQiyi and Xiaopeng Motors fell more than 2%, Pinduoduo and Baidu fell more than 1%, while NIO, Futu Holdings, NetEase, Alibaba, and Manbang slightly declined. Vipshop and Bilibili rose by over 1%, while Ideal Automobile and JD.com saw a slight increase.
Global News
This week's focus! These major events are worth paying attention to. The European Central Bank is likely to cut interest rates
This week, these financial events are worth paying attention to. This week, global investors will focus their attention on the European Central Bank's interest rate meeting. The market generally expects that the European Central Bank will take the lead in opening the curtain of interest rate cuts by major central banks in Europe and America. In addition, the central banks of Canada and Russia will also hold interest rate meetings this week. It is also worth paying attention to how the Japanese Ministry of Finance will affect the trend of the yen after confirming intervention in the foreign exchange market.
The failure rate of US stock settlement under the T+1 settlement system is starting to rise! The Chairman of the US Securities and Exchange Commission stated that "the reform is progressing smoothly"
According to data released by the Depository Trust and Clearing Corporation (DTCC) on Friday (May 31) local time, the failure rate of US transactions slightly increased on Thursday (May 30) local time. The failure settlement rate on Thursday local time was 2.71%, while the average failure settlement rate in the previous two days was 1.90%. Before the implementation of the T+1 settlement system, the average failure settlement rate in May was 2.01%.
Heavy news from the oil market! OPEC+agrees to extend collective production cuts until the end of 2025
After the latest meeting, the OPEC+organization has agreed to extend collective production reduction measures until 2025, and has also extended some voluntary production reduction agreements until September this year. Representatives attending the meeting stated that these restrictive measures are aimed at boosting oil prices and avoiding global oversupply caused by factors such as increased production from other non member producing countries (especially US shale oil producers) and reduced demand in the context of high interest rates and high inflation.
Israel has received significant news that it has accepted Biden's peace plan! There seems to be a glimmer of hope in the Israeli Palestinian conflict!
The Palestinian Israeli conflict seems to have a glimmer of hope! According to Monday morning news, an aide to Israeli Prime Minister Benjamin Netanyahu confirmed that Israel has accepted the framework agreement pushed by US President Biden to end the Gaza War, despite its flaws and the need for more work.
Several Japanese car companies have violated regulations, and the government has suspended the shipment of some car models
According to a report released by the Japanese Ministry of Land, Infrastructure, Transport and Tourism on June 3, in view of the continuous violations by companies such as Daihatsu Industries in obtaining model certifications required for mass production of automobiles and engines, the Ministry of Land, Infrastructure, Transport and Tourism has instructed a total of 85 automobile production companies to investigate whether similar situations exist. As of the end of May, there were instances of improper behavior in vehicle performance testing at five companies including Toyota, Mazda, Yamaha Engine, Honda Technology Research Industries, and Suzuki.
Company News
Huang Renxun's heavyweight official announcement! The world's most powerful chip has begun production
Nvidia has another heavyweight news. According to foreign media reports, on June 2nd, Nvidia founder and CEO Huang Renxun announced that Nvidia Blackwell chips have now begun production. In his speech, Huang Renxun announced that Nvidia will launch Blackwell Ultra AI chips in 2025. The next generation AI platform is named Rubin and will use HBM4 memory. The next generation Rubin platform is under development and will be released in 2026. The Rubin AI platform will use the HBM4 memory chip.
Tesla responds to rumors that "single pedal mode is banned": it does not affect existing products and functions
On June 3rd, in response to recent rumors in the market that Tesla's single pedal mode may be banned, Tesla responded to reporters from Shell Finance that this standard has not yet been officially released and implemented, and will not affect existing products and functions. Recently, the Ministry of Industry and Information Technology publicly solicited opinions on a mandatory national standard "Technical Requirements and Experimental Methods for Passenger Car Braking Systems", which involves changes in the application conditions of energy recovery braking functions for new energy vehicles.
How amazing is Buffett's cash treasury? JPMorgan Chase: 3% US Treasury bills are in his hands!
According to the statistics of JPMorgan Chase, Berkshire Hathaway has been very aggressive in buying US short-term treasury bond bonds in recent years. This enterprise group controlled by Warren Buffett, the "god of stocks", now has a 3% share of the entire US T-bill market. T-bill is a short-term US federal government bond with a maturity of 1 year or less.
The leader is posting again! "Roaring Cat" posts over 100 million US dollars in delivery orders, is the game station about to take off?
Last month, Keith Gill, a leading individual investor in the US stock market named "Roaring Cat", returned to social media, driving a new wave of "internet red stock" frenzy in the US stock market. However, retail investors, represented by Game Station and AMC, have also returned to silence after only two days of rapid gains... However, on last Sunday (June 2), "Roaring Cat" seemed to have finally released his true "dry goods"!
AMD's ultimate move! Su Zifeng's Speech at the Three Minute Quick View International Computer Exhibition
At the International Computer Show (Computex) held in Taipei, China, a hardware competition has begun. On Monday (June 3rd), AMD announced its latest artificial intelligence accelerator and detailed its plans for developing artificial intelligence chips in the next two years; In addition, AMD has launched multiple heavyweight products, including the Ryzen 9000 series desktop processor, X870/X870E series chipset motherboard, and Ryzen AI 300 series mobile grade processors for AI PCs.