The U.S. government’s new regulations tighten the entry and residence period for international students and others. The U.S. military strikes Iran for the fifth consecutive night: Global Markets
In the overnight stock market on Thursday, Eastern Time, the three major U.S. stock indexes collectively closed down. The Dow fell 0.2%, the Nasdaq fell 1.47%, and the S&P 500 fell 0.51%. Most large technology stocks fell. The closing price of SPaceX was lower than the IPO price for the first time. Storage concept stocks continued to plummet. A selloff in technology stocks offset a boost from strong earnings reports from several companies. Overall, it was a strong start to earnings season this week. So far, 40 S&P 500 index companies have announced financial reports, and more than 87% of them have exceeded Wall Street expectations.
On Thursday Eastern Time, the three major U.S. stock indexes collectively closed down. The Dow fell 0.2%, the Nasdaq fell 1.47%, and the S&P 500 fell 0.51%. Most large technology stocks fell. The closing price of SPaceX was lower than the IPO issue price for the first time. Storage concept stocks continued to plummet. A selloff in technology stocks offset a boost from strong earnings reports from several companies. Overall, it was a strong start to earnings season this week. So far, 40 S&P 500 index companies have announced financial reports, and more than 87% of them have exceeded Wall Street expectations. Large banks, which reported results earlier this week, performed particularly well. As an important indicator of economic activity, the banking industry's second-quarter profits significantly exceeded market expectations. The settlement price of WTI crude oil futures closed at US$78.95/barrel, down US$0.65, or 0.82%. The settlement price of Brent crude oil futures closed at US$84.23 per barrel, down US$0.72, or 0.85%. COMEX gold futures closed down 1.77% at US$3,979.9 per ounce; COMEX silver futures closed down 2.9% at US$55.765 per ounce. [The US military launches a new round of air strikes against Iran for the fifth consecutive night] The U.S. Army Central Command announced that the U.S. military will launch a new round of air strikes against Iran at 2 p.m. Eastern Time. This is the fifth consecutive night that the U.S. military has carried out attacks on Iran. [The White House says Iran is still talking to the United States] White House press secretary Levitt said Iran was still talking to the United States and expressed a desire to reach a deal with the United States because they were suffering a "devastating blow." In addition, Levitt said that the recent US strikes stemmed from Iran's violation of the memorandum of understanding. [Advisor to Iran’s Supreme Leader: Attacks on infrastructure will endanger regional energy supplies] Mukhbel, adviser to Iran's Supreme Leader, warned in a post on social media that the recent attacks in Ahvaz and Shahr, Iran, were part of the same network as the previous attack on a school in Minab, and both targeted civilians. Mukhbel said that all parties supporting related attacks should realize that attacks on Iran’s security and infrastructure may lead to the destruction of the entire region’s energy supply chain. He said that attacks on Iranian infrastructure would have serious consequences for regional energy security. [New U.S. government regulations tighten the entry and residence period for international students] The U.S. Department of Homeland Security announced a new rule on the 16th that sets the entry and residence period for foreign students and exchange visitors to a maximum of four years. If an extension is required, an application must be made to the U.S. Citizenship and Immigration Services. The residence period for foreign media representatives in the United States has also been tightened. The Department of Homeland Security said the final rule will be published in the Federal Register in the coming days and will take effect 60 days after publication. [Netflix expects third-quarter revenue growth to hit a three-year low] After the market close on Thursday Eastern Time, video streaming giant Netflix announced its latest quarterly earnings report. The company's second-quarter revenue and profit were basically in line with Wall Street analysts' expectations, but revenue and profit growth are expected to slow in the third quarter, further exacerbating investors' concerns that the company's growth has peaked. Affected by this, Netflix's stock price fell more than 8% in after-hours trading. The company expects third-quarter revenue to grow 11.7% year-over-year, which would be the lowest year-over-year growth in any quarter since late 2023. The financial report shows that Netflix’s second-quarter revenue reached US$12.56 billion, a year-on-year increase of more than 13%; net profit increased by nearly 9% year-on-year to US$3.4 billion. The overall performance was basically in line with analysts' expectations. [Rumors about the delay in the release of Google’s Gemini model caused concern and the stock price fell more than 4%]
Media reports claim that Google is months behind schedule in launching its most powerful flagship artificial intelligence model, Gemini 3.5 Pro, as technical performance falls short of targets, triggering market concerns about its AI competitiveness. Affected by this news, Google A fell 4.4%. According to people familiar with the matter, the delay of Gemini 3.5 Pro is mainly due to Google’s desire to invest more time in improving the model’s capabilities, especially in terms of code programming capabilities. According to reports, this progress is less than expected and has frustrated Google engineers, artificial intelligence researchers and management. Many people are worried that as competitors Anthropic and OpenAI launch models with performance exceeding Gemini, Google may face the risk of weakening its market position. [Truth Social launches real-time information service to provide Wall Street traders with market opportunities] The company that operates the social media platform Truth Social announced on Thursday local time that it will launch a data service for paying users to provide customers who follow market dynamics with the "fastest authorized access" to real-time posts posted by US President Trump and other leading accounts. When DJT announced the service, called "Truth API," it did not directly mention the president himself in a press release. But the company hinted that there may be demand for such services from Wall Street institutions. A company spokesperson also said that the service will push content posted by the 10 most influential accounts on the Truth Social platform to customers, and the speed will be significantly faster than the push notifications ordinary users receive on the Truth Social platform. "Previously... information agencies that focused on tracking influential Truth posts relied primarily on manual monitoring. The Truth API will bridge this information gap." [NVIDIA’s investment company Fireworks is valued at US$17.5 billion] Fireworks, an Nvidia investment company, announced on Thursday that its annual revenue has exceeded US$1 billion, five times that of the same period last year. The company has just completed a US$1.5 billion round of financing, with a post-investment valuation of US$17.5 billion. The company's CEO Qiao Lin revealed that the code development tool start-up Cursor previously contributed more than half of its revenue; now as more and more companies turn to open source models, the company's customer structure has become diversified. [SpaceXAI: Grok 4.5 is priced at US$2 per million input tokens and US$6 per million output tokens] SpaceXAI announced that the automation function is now available on the Grok official website and the Grok app for iOS and Android. Grok 4.5 is now available in Grok Build, Cursor and xAI console. Grok 4.5 is priced at $2 per million input tokens and $6 per million output tokens. [U.S. mortgage interest rates rose to 6.55%, the highest since August 2025] U.S. mortgage rates rose to their highest levels in nearly a year as renewed tensions in the Middle East stoked concerns about inflation. Freddie Mac said in a statement Thursday that the average interest rate on a 30-year fixed-rate mortgage was 6.55%, up from 6.49% a week ago. The latest interest rate reached its highest level since late August. Mortgage rates rose for a second straight week, tracking higher U.S. Treasury yields after the collapse of an interim peace deal between the U.S. and Iran. (
Media reports claim that Google is months behind schedule in launching its most powerful flagship artificial intelligence model, Gemini 3.5 Pro, as technical performance falls short of targets, triggering market concerns about its AI competitiveness. Affected by this news, Google A fell 4.4%. According to people familiar with the matter, the delay of Gemini 3.5 Pro is mainly due to Google’s desire to invest more time in improving the model’s capabilities, especially in terms of code programming capabilities. According to reports, this progress is less than expected and has frustrated Google engineers, artificial intelligence researchers and management. Many people are worried that as competitors Anthropic and OpenAI launch models with performance exceeding Gemini, Google may face the risk of weakening its market position. [Truth Social launches real-time information service to provide Wall Street traders with market opportunities] The company that operates the social media platform Truth Social announced on Thursday local time that it will launch a data service for paying users to provide customers who follow market dynamics with the "fastest authorized access" to real-time posts posted by US President Trump and other leading accounts. When DJT announced the service, called "Truth API," it did not directly mention the president himself in a press release. But the company hinted that there may be demand for such services from Wall Street institutions. A company spokesperson also said that the service will push content posted by the 10 most influential accounts on the Truth Social platform to customers, and the speed will be significantly faster than the push notifications ordinary users receive on the Truth Social platform. "Previously... information agencies that focused on tracking influential Truth posts relied primarily on manual monitoring. The Truth API will bridge this information gap." [NVIDIA’s investment company Fireworks is valued at US$17.5 billion] Fireworks, an Nvidia investment company, announced on Thursday that its annual revenue has exceeded US$1 billion, five times that of the same period last year. The company has just completed a US$1.5 billion round of financing, with a post-investment valuation of US$17.5 billion. The company's CEO Qiao Lin revealed that the code development tool start-up Cursor previously contributed more than half of its revenue; now as more and more companies turn to open source models, the company's customer structure has become diversified. [SpaceXAI: Grok 4.5 is priced at US$2 per million input tokens and US$6 per million output tokens] SpaceXAI announced that the automation function is now available on the Grok official website and the Grok app for iOS and Android. Grok 4.5 is now available in Grok Build, Cursor and xAI console. Grok 4.5 is priced at $2 per million input tokens and $6 per million output tokens. [U.S. mortgage interest rates rose to 6.55%, the highest since August 2025] U.S. mortgage rates rose to their highest levels in nearly a year as renewed tensions in the Middle East stoked concerns about inflation. Freddie Mac said in a statement Thursday that the average interest rate on a 30-year fixed-rate mortgage was 6.55%, up from 6.49% a week ago. The latest interest rate reached its highest level since late August. Mortgage rates rose for a second straight week, tracking higher U.S. Treasury yields after the collapse of an interim peace deal between the U.S. and Iran. (