The three major U.S. stock indexes closed higher, Apple sued Open AI for stealing trade secrets
On July 10 (Friday), Eastern Time, the three major U.S. stock indexes collectively closed higher. The S&P 500 (SPX) index rose 0.42% to 7,575.39 points; the Dow Jones Index rose 0.29% to 52,637.01 points; and the Nasdaq (NDAQ) Index rose 0.29% to 26,281.61 points. On July 10, the benchmark 10-year U.S. Treasury yield was 4.56%, and the 2-year U.S. Treasury yield, which is most sensitive to the Federal Reserve’s policy interest rate, was 4.21%. Among popular U.S. stocks, Nvidia (NVDA) rose 4.03%, Apple (AAPL) fell 0.29%, Google A (GOOGL) fell 0.48%, Google C (GOOG) fell 0.34%, Microsoft (MSFT) rose 0.19%, and Amazon (AM) ZN) fell 0.69%, TSMC (TSM) fell 0.65%, Meta (META) rose 5.98%, Tesla (TSLA) rose 0.30%, AMD Semiconductor (AMD) rose 2.04%, and Intel (INTC) fell 2.40%. Index rise and fall points: French cac40 (FCHI) 0.15% 8338.97 British FTSE 100 (FTSE) 0.24% 10497.29 German dax (GDAXI) -0.20% 25067.09 Russian rts (RTS) -2.82% 881.67 On July 10, overnight Hang Seng Technology Index futures fell 0.11%, the Nasdaq (NDAQ) China Golden Dragon Index fell 0.23%, and the FTSE China A50 Index fell 2.48%. In terms of popular Chinese concept stocks, Tencent Holdings (HK0700) (Hong Kong stocks) fell 2.00%, Alibaba (BABA) rose 1.07%, Pinduoduo (PDD) fell 0.87%, NetEase (NT) ES) fell 4.39%, Baidu (BIDU) rose 0.02%, Ctrip (TCOM) rose 3.31%, Li Auto (LI) rose 1.60%, and Weilai (NIO) rose 0.11%. Foreign exchange rate rise and fall (basis points) USD/CNY 6.78-140 bp USD/RMB (off) 6.78-144.6 bp USD/EUR 0.88+12 bp USD/JPY 161.71-6780 bp The latest price of commodity futures rise and fall: COMEX silver -0.32% 59.85 US dollars/ounce COMEX gold -0.92% 4090.60 US dollars/ounce WTI crude oil -3.93% 71.84 US dollars/barrel Brent crude oil -4.50% 75.90 US dollars/barrel LME copper 2.62% 13439.80 US dollars/ton
OpenAI said that we are not interested in the trade secrets of other companies. OpenAI said that we are not interested in the trade secrets of other companies. The probability of the Federal Reserve keeping interest rates unchanged in July is 66.3%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 66.3%, and the probability of a cumulative 25 basis point interest rate hike is 33.7%. The probability that the Fed will keep interest rates unchanged until September is 31%, the probability of a cumulative 25 basis point interest rate hike is 51.1%, and the probability of a cumulative 50 basis point interest rate hike is 18%. Apple (AAPL) is suing OpenAI, accusing it of misappropriating trade secrets, court documents show. Apple (AAPL) is suing OpenAI, accusing it of misappropriating trade secrets, court documents show. (Sina Finance) Wedbush: Vera CPU is expected to broaden NVIDIA's (NVDA) market territory. Wedbush Securities released a latest research report saying that NVIDIA's (NVDA) upcoming Vera central processor is expected to consolidate its competitive position in the server processor market with its high core count advantage. Analyst Matt Bryson pointed out that Vera is expected to surpass processors based on the x86 architecture, and the performance improvements will help Nvidia (NVDA) compete more directly with existing CPU suppliers while expanding long-term market opportunities. NVIDIA (NVDA) remains Morgan Stanley's (MS) top pick for semiconductors (881121) despite higher valuations Nvidia (NVDA) remains Morgan Stanley's (MS) top pick for semiconductors (881121) despite a high market capitalization and underperformance among its peers, analysts at Morgan Stanley (MS) wrote in a note following an investor meeting with company executives. They wrote that while artificial intelligence (885728) hyperscale cloud providers, which currently account for about half of data center revenue, are pursuing custom chip alternatives, Nvidia (NVDA) "will retain a significant portion of the business" and both categories should see growth. Demand for Neocloud, industrial and sovereign data centers also remains strong, and Vera Rubin chips should ship as scheduled, they added. "Our conviction remains strong," analysts at Morgan Stanley ( MS ) wrote. "Admittedly, valuation multiples may be limited by the large market capitalization and index weight, but in our view, the value difference will recover over time." Nasdaq (NDAQ) President: SK Hynix's explosive listing paves the way for more overseas listings Nasdaq (NDAQ) President Nelson Griggs said that SK Hynix's explosive listing has prompted other international companies to consider initial public offerings in the United States or selling American depositary receipts. Griggs noted that foreign issuers interested in entering the U.S. market can be divided into two categories: early-stage companies that are not yet listed on any market, and mature companies that already have a local listing and are considering issuing additional American depositary receipts (ADRs). European Central Bank's MouLIn believes that artificial intelligence (885728) may exacerbate inflation fluctuations. European Central Bank Governing Council member Emmanuel MouLIn said that the impact of artificial intelligence (885728) on inflation is difficult to predict and may lead to increased price volatility. “Because AI (885728) acts on both supply and demand variables, the overall impact on inflation is particularly difficult to predict,” MouLIn said in comments published by Investir. "In addition, its impact may not only be reflected in the level of inflation, but also in the fluctuation of inflation." The French central bank president said that due to increased capital expenditures, artificial intelligence (885728) may have an inflationary effect in the short term, but as productivity increases, it may suppress inflation in the future. The size of the Federal Reserve's overnight reverse repurchase agreement (RRP) on Friday was US$545 million, compared with US$5.772 billion in the previous trading day. The US Federal Reserve's overnight reverse repurchase agreement (RRP) on Friday was US$545 million, compared with US$5.772 billion in the previous trading day. The Federal Reserve's policy report reiterated its commitment to price stability, saying some inflation indicators had fallen over the past year. The Federal Reserve released its July monetary policy report to Congress in Washington on Friday, in which it emphasized its commitment to achieving price stability. newspaper
The report pointed out that due to the impact of tariffs, "consumer inflation indicators rose steadily" in the second half of last year; since this year, due to the impact of the Iran war pushing up energy (850101) prices, inflation has risen further. The report also pointed out that some other inflation indicators, including the PCE trimmed average, which was previously highlighted by Federal Reserve Chairman Warsh, have declined over the past year. The Fed said it was prepared to use all policy tools to achieve its full employment and price stability goals, especially when the federal funds rate is bound by an effective lower bound. The report also said that U.S. labor productivity growth remains strong. Federal Reserve: AI-related investment drives strong growth in output. Uncertainty about the Iran war remains a major risk. The Federal Reserve's semi-annual report shows that overall U.S. economic activity will maintain solid expansion in 2026, mainly driven by high-tech investment and government spending. Factory output has grown strongly due to investment in AI-related data centers, and production capacity has continued to increase. However, the housing market has stagnated, and the external economy has sluggish growth, weighed down by conflicts in the Middle East and tariffs. The labor market is generally stable, with both wages and productivity growing, but slowing immigration has led to a decline in labor supply, and small businesses and households still face tight credit conditions. Inflation remains high and rose further in the spring, and asset prices are above historical norms. The overall financial system is sound, bank reserves are sufficient, and the private credit market is still functioning normally despite some redemption pressure. Long-term inflation expectations are basically anchored around the 2% target, but the uncertainty caused by the Iran war remains a major risk.
OpenAI said that we are not interested in the trade secrets of other companies. OpenAI said that we are not interested in the trade secrets of other companies. The probability of the Federal Reserve keeping interest rates unchanged in July is 66.3%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 66.3%, and the probability of a cumulative 25 basis point interest rate hike is 33.7%. The probability that the Fed will keep interest rates unchanged until September is 31%, the probability of a cumulative 25 basis point interest rate hike is 51.1%, and the probability of a cumulative 50 basis point interest rate hike is 18%. Apple (AAPL) is suing OpenAI, accusing it of misappropriating trade secrets, court documents show. Apple (AAPL) is suing OpenAI, accusing it of misappropriating trade secrets, court documents show. (Sina Finance) Wedbush: Vera CPU is expected to broaden NVIDIA's (NVDA) market territory. Wedbush Securities released a latest research report saying that NVIDIA's (NVDA) upcoming Vera central processor is expected to consolidate its competitive position in the server processor market with its high core count advantage. Analyst Matt Bryson pointed out that Vera is expected to surpass processors based on the x86 architecture, and the performance improvements will help Nvidia (NVDA) compete more directly with existing CPU suppliers while expanding long-term market opportunities. NVIDIA (NVDA) remains Morgan Stanley's (MS) top pick for semiconductors (881121) despite higher valuations Nvidia (NVDA) remains Morgan Stanley's (MS) top pick for semiconductors (881121) despite a high market capitalization and underperformance among its peers, analysts at Morgan Stanley (MS) wrote in a note following an investor meeting with company executives. They wrote that while artificial intelligence (885728) hyperscale cloud providers, which currently account for about half of data center revenue, are pursuing custom chip alternatives, Nvidia (NVDA) "will retain a significant portion of the business" and both categories should see growth. Demand for Neocloud, industrial and sovereign data centers also remains strong, and Vera Rubin chips should ship as scheduled, they added. "Our conviction remains strong," analysts at Morgan Stanley ( MS ) wrote. "Admittedly, valuation multiples may be limited by the large market capitalization and index weight, but in our view, the value difference will recover over time." Nasdaq (NDAQ) President: SK Hynix's explosive listing paves the way for more overseas listings Nasdaq (NDAQ) President Nelson Griggs said that SK Hynix's explosive listing has prompted other international companies to consider initial public offerings in the United States or selling American depositary receipts. Griggs noted that foreign issuers interested in entering the U.S. market can be divided into two categories: early-stage companies that are not yet listed on any market, and mature companies that already have a local listing and are considering issuing additional American depositary receipts (ADRs). European Central Bank's MouLIn believes that artificial intelligence (885728) may exacerbate inflation fluctuations. European Central Bank Governing Council member Emmanuel MouLIn said that the impact of artificial intelligence (885728) on inflation is difficult to predict and may lead to increased price volatility. “Because AI (885728) acts on both supply and demand variables, the overall impact on inflation is particularly difficult to predict,” MouLIn said in comments published by Investir. "In addition, its impact may not only be reflected in the level of inflation, but also in the fluctuation of inflation." The French central bank president said that due to increased capital expenditures, artificial intelligence (885728) may have an inflationary effect in the short term, but as productivity increases, it may suppress inflation in the future. The size of the Federal Reserve's overnight reverse repurchase agreement (RRP) on Friday was US$545 million, compared with US$5.772 billion in the previous trading day. The US Federal Reserve's overnight reverse repurchase agreement (RRP) on Friday was US$545 million, compared with US$5.772 billion in the previous trading day. The Federal Reserve's policy report reiterated its commitment to price stability, saying some inflation indicators had fallen over the past year. The Federal Reserve released its July monetary policy report to Congress in Washington on Friday, in which it emphasized its commitment to achieving price stability. newspaper
The report pointed out that due to the impact of tariffs, "consumer inflation indicators rose steadily" in the second half of last year; since this year, due to the impact of the Iran war pushing up energy (850101) prices, inflation has risen further. The report also pointed out that some other inflation indicators, including the PCE trimmed average, which was previously highlighted by Federal Reserve Chairman Warsh, have declined over the past year. The Fed said it was prepared to use all policy tools to achieve its full employment and price stability goals, especially when the federal funds rate is bound by an effective lower bound. The report also said that U.S. labor productivity growth remains strong. Federal Reserve: AI-related investment drives strong growth in output. Uncertainty about the Iran war remains a major risk. The Federal Reserve's semi-annual report shows that overall U.S. economic activity will maintain solid expansion in 2026, mainly driven by high-tech investment and government spending. Factory output has grown strongly due to investment in AI-related data centers, and production capacity has continued to increase. However, the housing market has stagnated, and the external economy has sluggish growth, weighed down by conflicts in the Middle East and tariffs. The labor market is generally stable, with both wages and productivity growing, but slowing immigration has led to a decline in labor supply, and small businesses and households still face tight credit conditions. Inflation remains high and rose further in the spring, and asset prices are above historical norms. The overall financial system is sound, bank reserves are sufficient, and the private credit market is still functioning normally despite some redemption pressure. Long-term inflation expectations are basically anchored around the 2% target, but the uncertainty caused by the Iran war remains a major risk.