Global Market: The Dow hit another record high, the Nasdaq rose more than 1%, most popular technology stocks rose, and Tesla rose more than 6%
[Global Market] 1. The Dow Jones Industrial Average rose 0.29% to hit a new all-time high, the Nasdaq rose 1.12%, and the S&P rose 0.72%. 2. Tesla and AMD rose by more than 6%, and Broadcom and ASML rose by more than 3%. 3. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 1.71%.
U.S. stock market: The three major U.S. stock indexes closed higher on July 6, with the Dow hitting another record high. As of the close, the Dow Jones Industrial Average rose 155.84 points from the previous trading day to close at 53055.91 points, an increase of 0.29%; the S&P 500 stock index rose 54.19 points to close at 7537.43 points, an increase of 0.72%; the Nasdaq Composite Index rose 288.49 points to close at 26121.16 points, an increase of 1.12%. Most popular technology stocks rose. Tesla and AMD rose by more than 6%, Broadcom and ASML rose by more than 3%, Meta rose by nearly 3%, Google rose by more than 2%, Intel and Apple rose by more than 1%, and Microsoft and SpaceX fell by nearly 1%. Computer hardware and cryptocurrency concept stocks were among the top gainers. Western Digital rose more than 7%, Lotus and Circle rose more than 6%, Dell Technologies rose more than 4%, and Logitech, Quantum, and HP rose more than 3%. Diet pill concepts, food packaging, and cruise ship concepts fell, with Pfizer and Novo Nordisk falling more than 2%. "Tesla's rival" Rivian fell more than 6% after the market closed. The company expects a preliminary estimate of second-quarter revenue of 1.55 billion to 1.65 billion U.S. dollars; it has submitted documents to the U.S. Securities and Exchange Commission (SEC) and plans to issue 75 million Class A ordinary shares. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 1.71%. iQiyi rose nearly 6%, NIO, Tencent Holdings ADR, and Bilibili rose more than 4%, Xpeng Group rose more than 3%, Alibaba, Pinduoduo, and Miniso rose more than 1%, and 21Vianet fell more than 1%. European stock market: Europe's three major stock indexes had mixed gains and losses on July 6. The Financial Times' average price index of 100 stocks in the London stock market closed at 10651.77 points, down 27.26 points or 0.26% from the previous trading day; the CAC40 index in the Paris stock market in France closed at 84 79.87 points, down 28.2 points or 0.33% from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 25817.89 points, up 38.58 points or 0.15% from the previous trading day. Commodity market: International oil prices fell on July 6. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange fell by US$0.09 to close at US$68.6 per barrel, a decrease of 0.13%. The continuous contract of COMEX gold futures for the month rose by US$50.60, or 1.23%, to US$4176.3 per ounce. The continuous contract of COMEX silver futures for the month rose by $1.42, or 2.33%, to $62.485 per ounce. Spot gold fell $10.57, or 0.25%, to $4,165.13 per ounce. Spot silver fell by $0.37, or 0.59%, to $62.06 per ounce. U.S. chip stocks rebounded strongly, and a series of major events will appear one after another This week, major events such as the minutes of the Federal Reserve meeting, SpaceX’s entry into the index, and the opening of the earnings season will appear one after another, and market volatility may further intensify. Fed Governors Respond to Warsh Reform: Forward Guidance Still Has Value But Must Remain Flexible Federal Reserve Governor Christopher Waller recently said that signals from policymakers on the future path of interest rates can still play an important role if used properly. Previously, the new Federal Reserve Chairman Kevin Warsh has promised to push the Federal Reserve to gradually dilute the so-called "forward guidance" and instead adopt a policy communication method that is more adjusted based on changes in economic data. SpaceX’s “second-in-command” officially announced that he donated personal stocks to the “Trump account” with a total value of more than 300 million US dollars. SpaceX President and Chief Operating Officer Gwynne Shotwell recently announced that she will donate stock to the "Trump Account" program. The "Trump Account" is a tax-advantaged long-term investment account plan for children established through legislation by the U.S. government in 2025. It is officially called the "Section 530A Account". As a core component of the working families tax cut bill in the "Big and Beautiful Act", it is named after Trump himself.
SK Hynix updates U.S. stock listing prospectus, leading semiconductor equipment maker to take action On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission, which also provided fresh "ammunition" for the rebound of the semiconductor equipment leader. The latest prospectus confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will trade on the Nasdaq exchange under the symbol "SKHY". Microsoft lays off 4,800 people, Xbox division significantly downsizes and restructures business, four game studios will be spun off Microsoft announced on Monday that it would cut 4,800 jobs, accounting for about 2.1% of the company's global workforce, including about one-fifth of its employees in the Xbox gaming department. This is the latest move by the software giant to continue to promote cost control and organizational restructuring in the era of artificial intelligence (AI). "The way technology is built, deployed, and used is changing at an unprecedented rate that I have never seen in my 27 years at Microsoft," Amy Coleman, Microsoft's chief human resources officer, said in an internal memo to employees. World Cup red card controversy "gets darker and darker": FIFA's rare decision sparks anger in Europe Just after the World Cup and U.S. President Trump maintained an uneventful calm for nearly a month, the expected White House intervention finally cast a shadow on the event. As a background, at 8 o'clock in the morning Beijing time on Tuesday, the host US team will face Belgium to compete for a place in the top 8. The focus of this game turned to off-field from the beginning, because FIFA urgently announced on Sunday that Folarin Balogun, the top scorer of the US team and who was sent off with a red card in the last game against Bosnia and Herzegovina, can bypass the red card ban rule and continue to play in this game. The supply flood is coming! Saudi Arabia slashes crude oil prices in Asia, the biggest drop in this century As global crude supply surges and market competition intensifies, Saudi Arabia has sharply cut the official selling price (OSP) of the country's main crude oil to Asian buyers and sold crude oil at a discount for the first time since the price war in 2020. According to a leaked price list, Saudi Arabian Oil Company (Saudi Aramco) will reduce the official selling price of Arab Light crude oil (Arab Light) for delivery next month by US$11 per barrel, a discount of US$1.50 to the regional benchmark price. Broadcom and Apple extend chip cooperation agreement until 2031 Broadcom announced on Monday that it has reached an agreement with Apple to extend its partnership until 2031 and continue to develop and supply custom chips (ASICs). Several key variables will affect the trend of global financial markets in the second half of the year In the first half of 2026, the global market showed a trend characterized by geopolitical conflicts dominating the bulk market, AI narrative driving the stock market, and U.S., Japanese and European bond yields rising sharply and falling. International gold and crude oil prices fell rapidly after soaring, the U.S., Japanese and European stock markets generally closed higher, and the government bond yields of the three major economies fluctuated upward.
SK Hynix updates U.S. stock listing prospectus, leading semiconductor equipment maker to take action On Monday local time in the United States, storage super bull stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission, which also provided fresh "ammunition" for the rebound of the semiconductor equipment leader. The latest prospectus confirms that SK Hynix will issue 17,790,000 American Depositary Shares (ADS) corresponding to ordinary shares in this fundraising. Each ordinary share corresponds to 10 ADSs, which is equivalent to the issuance of 177,900,000 ADSs. The company will trade on the Nasdaq exchange under the symbol "SKHY". Microsoft lays off 4,800 people, Xbox division significantly downsizes and restructures business, four game studios will be spun off Microsoft announced on Monday that it would cut 4,800 jobs, accounting for about 2.1% of the company's global workforce, including about one-fifth of its employees in the Xbox gaming department. This is the latest move by the software giant to continue to promote cost control and organizational restructuring in the era of artificial intelligence (AI). "The way technology is built, deployed, and used is changing at an unprecedented rate that I have never seen in my 27 years at Microsoft," Amy Coleman, Microsoft's chief human resources officer, said in an internal memo to employees. World Cup red card controversy "gets darker and darker": FIFA's rare decision sparks anger in Europe Just after the World Cup and U.S. President Trump maintained an uneventful calm for nearly a month, the expected White House intervention finally cast a shadow on the event. As a background, at 8 o'clock in the morning Beijing time on Tuesday, the host US team will face Belgium to compete for a place in the top 8. The focus of this game turned to off-field from the beginning, because FIFA urgently announced on Sunday that Folarin Balogun, the top scorer of the US team and who was sent off with a red card in the last game against Bosnia and Herzegovina, can bypass the red card ban rule and continue to play in this game. The supply flood is coming! Saudi Arabia slashes crude oil prices in Asia, the biggest drop in this century As global crude supply surges and market competition intensifies, Saudi Arabia has sharply cut the official selling price (OSP) of the country's main crude oil to Asian buyers and sold crude oil at a discount for the first time since the price war in 2020. According to a leaked price list, Saudi Arabian Oil Company (Saudi Aramco) will reduce the official selling price of Arab Light crude oil (Arab Light) for delivery next month by US$11 per barrel, a discount of US$1.50 to the regional benchmark price. Broadcom and Apple extend chip cooperation agreement until 2031 Broadcom announced on Monday that it has reached an agreement with Apple to extend its partnership until 2031 and continue to develop and supply custom chips (ASICs). Several key variables will affect the trend of global financial markets in the second half of the year In the first half of 2026, the global market showed a trend characterized by geopolitical conflicts dominating the bulk market, AI narrative driving the stock market, and U.S., Japanese and European bond yields rising sharply and falling. International gold and crude oil prices fell rapidly after soaring, the U.S., Japanese and European stock markets generally closed higher, and the government bond yields of the three major economies fluctuated upward.