On Tuesday Eastern Time, the three major US stock indices collectively closed higher, with the Dow Jones Industrial Average up 1.85%, the S&P 500 index up 0.64%, and the Nasdaq up 0.2%. Among them, the Dow Jones Industrial Average and the S&P 500 Index both hit historic closing highs. Most large technology stocks fell, with Nvidia, Google, and Meta falling more than 1%, while Netflix and Microsoft fell slightly; Tesla rose over 1%, while Apple and Amazon saw slight increases. Among them, Apple continued to set a new historical closing high, with a total market value of $3.6 trillion. Goldman Sachs rose over 2% and Berkshire Hathaway rose over 1%, both continuing to reach historic highs. Gold stocks generally rose, with Harmony Gold up over 16% and Gold Fields up over 6%.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.74%. Xiaopeng Motors rose over 6%, NIO rose over 5%, JD.com rose over 2%, Weibo, Tencent Music, Bilibili, and Ideal Auto rose over 1%, while Baidu, Alibaba, and Futu Holdings rose slightly. Pinduoduo, Manbang, and iQiyi fell more than 1%, while NetEase and Vipshop saw slight declines.
Global News
Trump announces! Annual major suspense in the US political arena revealed
On the early morning of July 16th Beijing time, former US President Trump announced at the Republican National Convention in Milwaukee, Wisconsin that Ohio Senator J.D. Vance would run as his vice presidential candidate in the 2024 presidential election.
The Federal Reserve is heavyweight! Powell Speaks: We Don't Need to Wait for Inflation to Drop to the 2% Target to Cut Interest Rates
On Monday (July 15th) noon Eastern Time, Federal Reserve Chairman Powell attended a lunch meeting of the Washington D.C. Economic Club and had a conversation with the club chairman and co-founder of the Carlyle Group, Rubinstein. Powell stated that the economic data for the second quarter has made policy makers more convinced that inflation is falling towards the Fed's 2% target, which could pave the way for recent interest rate cuts.
Following Powell's' pigeon sound '? Goldman Sachs: The Federal Reserve should lower prices for the first time in July instead of waiting until September!
Federal Reserve Chairman Powell issued a major "dovish signal" on Monday, and during his speech, Goldman Sachs Chief Economist Jan Hatzius shouted that the Fed should cut interest rates at its upcoming policy meeting on July 31, rather than waiting until September. In his latest report, he pointed out that inflation has made enough progress to return to the Fed's long-term target of 2%, which will give the Fed reason to cut interest rates in July.
The White House has released a heavyweight announcement! Israel confirms support for ceasefire agreement!
The White House released the results of the US Israel negotiation group meeting, and Israel confirmed its support for the ceasefire agreement. The Israeli side has expressed full support for the agreement outlined by President Biden and has received support from the United Nations Security Council, the G7, and countries around the world. In addition, the United Nations announced on Monday that it will begin transporting more armored vehicles and personal protective equipment for its humanitarian aid operations in the Gaza Strip after obtaining approval from Israeli authorities.
The epidemic is worsening! Multiple confirmed cases of avian influenza in the United States!
According to the latest news from US media, Colorado has confirmed 4 cases of human infection with avian influenza, and another suspected case is currently under testing. Colorado health officials say workers are culling poultry at a farm in the northeast of the area. The Centers for Disease Control and Prevention (CDC) in the United States has warned that if the H5N1 avian influenza virus mutates and gains the ability to spread easily between humans, this avian influenza could evolve into a large-scale outbreak.
Company News
Morgan Stanley significantly raises Apple's target price: AI new features will significantly boost iPhone sales
On Monday Eastern Time, Morgan Stanley raised its target stock price for Apple and listed it as its preferred stock, citing the company's upcoming artificial intelligence (AI) platform, Apple Intelligence, as expected to significantly boost hardware sales. Industry insiders predict that Apple and Samsung will lead the recovery of the global smartphone market this year.
Musk finally responds: Robotaxi delayed release due to design changes
On Monday local time, Musk finally responded to the Robotaxi fare skipping incident, stating that Tesla will spend more time making some design changes to the vehicle. However, Musk did not provide a specific release time. Under repeated questioning from netizens, Musk responded on social media platforms on the same day, saying, "I am requesting important design changes to the front of Robotaxi. The extra time gained from the delayed release date will give the company the opportunity to showcase some other content
American retail giants are bearish! The acquirer's sincerity and money are not enough
American retail giant Macy's announced that it will terminate acquisition negotiations with Arkhouse and Brigade Capital. This acquisition, which began in November 2023 and was worth over $6 billion, ended in failure. Macy's stated that there is no need to continue negotiations as there is significant uncertainty regarding the financing of the two institutions.
The 'Stock God' quietly makes a fortune: Berkshire Hathaway's stock price hits a new historical high, and the focus of the US stock market is quietly shifting
Since the beginning of this year, the "seven giants" of the US stock market have been leading the rise, and these seven tech giants have also dominated the news headlines, becoming the focus of investors' attention. But at the same time, a US stock giant unknowingly set a new historical high - this is the "stock god" Buffett's Berkshire Hathaway Group.
Institution reveals secret of OpenAI doubling annual revenue, with paying users approaching tens of millions
Last week, research firm FutureSearch released a report analyzing OpenAI's revenue composition and providing a clearer revenue structure chart. A month ago, OpenAI CEO Altman told company employees that based on the past six months, the company's revenue is expected to reach $3.4 billion this year, doubling the reported 2023 revenue of $1.6 billion.