U.S. stocks closed lower, Apple surpassed Nvidia to regain the world's largest market capitalization
On July 17 (Friday), Eastern Time, the three major U.S. stock indexes collectively closed down, with the S&P 500 (SPX) index falling 1.01% to 7,457.69 points; the Dow Jones Index falling 0.77% to 52,146.42 points; and the Nasdaq (NDAQ) Index falling 1.40% to 25,520.24 points. On July 17, the benchmark 10-year U.S. Treasury yield was 4.55%, and the 2-year U.S. Treasury yield, which is most sensitive to the Federal Reserve’s policy interest rate, was 4.18%. Among popular U.S. stocks, Nvidia (NVDA) fell 2.21%, Apple (AAPL) rose 0.14%, Google A (GOOGL) fell 2.17%, Google C (GOOG) fell 2.17%, Microsoft (MSFT) fell 1.82%, and Amazon (AM) ZN) fell 1.07%, TSMC (TSM) fell 2.81%, Meta (META) fell 2.79%, Tesla (TSLA) fell 2.61%, AMD Semiconductor (AMD) fell 1.03%, and Intel (INTC) fell 2.00%. Index rise and fall points: French cac40 (FCHI) -0.47% 8338.81 British FTSE 100 (FTSE) 0.27% 10600.37 German dax (GDAXI) -0.34% 24830.98 Russian rts (RTS) -3.26% 786.94 On July 17, overnight Hang Seng Technology Index futures fell 4.49%, the Nasdaq (NDAQ) China Golden Dragon Index fell 1.81%, and the FTSE China A50 Index fell 3.33%. In terms of popular Chinese concept stocks, Tencent Holdings (HK0700) (Hong Kong stocks) fell 4.63%, Alibaba (BABA) fell 2.14%, Pinduoduo (PDD) fell 2.93%, NetEase (NT) ES) rose 0.74%, Baidu (BIDU) fell 4.95%, Ctrip (TCOM) fell 2.97%, Li Auto (LI) fell 3.66%, and Weilai (NIO) fell 2.31%. Changes in foreign exchange rates (basis points) USD/CNY 6.78+41 bp USD/RMB (off) 6.78+46.4 bp USD/EUR 0.87+3.9 bp USD/Japanese yen 162.40+300 bp The latest price of commodity futures rise and fall: COMEX silver -1.91% 55.02 US dollars / ounce COMEX gold 1.06% 4017.20 US dollars / ounce WTI crude oil - 0.33% 79.74 US dollars / barrel Brent crude oil - 0.24% 84.86 US dollars / barrel LME copper 0.15% 13554.35 US dollars / ton
Apple (AAPL) raises subscription prices for Apple MUsic and Apple One Apple (AAPL) raises subscription prices for Apple MUsic and Apple One (Financial Press) Apple (AAPL) is in early settlement talks with the U.S. Department of Justice over an antitrust lawsuit Apple (AAPL) is in early settlement talks with the U.S. Department of Justice over a lawsuit filed in 2024 that accuses the iPhone maker of violating antitrust laws. Relevant negotiations are still progressing, but the two parties cannot guarantee that they will eventually reach an agreement, and the case has not yet set a trial date. Apple (AAPL) has repeatedly proposed settlement plans to the Department of Justice to resolve the case, and has made rectifications in response to some of the accusations, including launching a mini program mechanism and opening up its own iMessage application ecosystem. (Financial Associated Press) Meta (META) is negotiating to lease computing power resources to Anthropic. Meta (META) is said to be negotiating to lease computing power resources to Anthropic. The scale of the cooperation transaction may reach up to 10 billion US dollars in two years. (Financial Associated Press) The top spot in the world's market capitalization list changed hands: Apple (AAPL) overtook Nvidia (NVDA) in market capitalization and returned to the world's number one after 3 months. Nvidia (NVDA) fell 3.2%, and its market value further shrank to approximately US$4.86 trillion; Apple (AAPL) relied on its recent strong rise (883409), and its market value rose to approximately US$4.90 trillion. Apple (AAPL) regained its position as the world's largest market capitalization. It is worth noting that Apple (AAPL) has gained 22.8% year-to-date, and has gained 11.2% in the past 20 days. Its recent trend has been significantly stronger than the market; Nvidia (NVDA) has been almost sideways (-3%) in the past 20 days, and its short-term momentum is significantly weaker than Apple (AAPL). This is the first time in several months that Apple (AAPL) has become the world's largest market capitalization company. Market participants pointed out that Apple (AAPL) has recently been boosted by expectations of the launch of AI functions, and superimposed institutions have continued to increase their holdings, and the stock price has continued to receive support; Nvidia (NVDA) is facing profit-taking pressure from high valuations. Goldman Sachs (GS) predicts that the U.S. stock market will usher in a strong earnings season. Second-quarter earnings of S&P 500 (SPX) constituent stocks will soar 22% year-on-year. According to Goldman Sachs (GS), the U.S. stock market will usher in another strong earnings season. Goldman Sachs (GS) expects second-quarter profits of S&P 500 (SPX) constituent stocks to surge 22% year-on-year, with AI infrastructure-related stocks contributing nearly 60% of growth, of which Micron Technology (MU) and Nvidia (NVDA) combined to contribute more than 40%. If it ultimately materializes, it would be the second consecutive quarter of earnings growth of more than 20% for the S&P 500 (SPX). The Goldman Sachs (GS) report emphasizes that the current focus of the market is not the performance of the technology giants themselves - after all, the AI expenditures of hyper-scale cloud computing (885362) providers have been witnessed by all - but whether a wider range of companies in the industry chain can achieve profitability based on AI demand. Microsoft (MSFT) is preparing an AI vulnerability detection tool to benchmark the Mythos model, which may be released this month. Microsoft (MSFT) is preparing an AI vulnerability detection tool, Project Perception, which is scheduled to be released in July. The tool will be benchmarked against Anthropic's Mythos model and is expected to be more cost-effective than Mythos. Barclays Bank (BCS) expects the Bank of England to remain on hold this year and the European Central Bank to continue raising interest rates. Barclays Bank (BCS) expects the Bank of England to remain on hold this year and the European Central Bank to continue raising interest rates. Meta (META) plans to hire top Amazon (AMZN) cloud computing (885362) executives to prepare for a major entry into the cloud market. Amazon (AMZN) Cloud Technology (AWS) senior executive Dave Brown has nearly two decades of industry experience and is about to join Meta (META). He will report to the head of Meta (META) infrastructure and will be centrally responsible for the company's data center expansion project. Zuckerberg said: "At present, we have not officially launched a cloud business because our own computing power can still meet our own needs. But if there is a surplus in the future of computing power construction, opening up computing power to the outside world and developing cloud services will become our optional direction." Japan
The Bank of Japan believes that there is no need to continuously raise interest rates. The Bank of Japan believes that there is no need to continuously raise interest rates. Wang He, founder of Galaxy Universal Robots: The ChatGPT moment of embodied intelligence is expected to arrive in 2028. At the 2026 World Artificial Intelligence (885728) Conference, Wang He, founder and chief technology officer of Galaxy Universal Robots, predicted that through massive comprehensive data training, the embodied intelligence basic model can directly achieve a 70%-80% success rate on tasks without specialized training, comparable to the conversational level of digital models back then; and a powerful pre-training model coupled with an efficient post-training paradigm is the key condition to reach this milestone. He judged that based on the current data accumulation speed and model convergence trend, the industry is expected to usher in the "ChatGPT moment" of embodied intelligence before the end of 2028. (CCTV Finance)
Apple (AAPL) raises subscription prices for Apple MUsic and Apple One Apple (AAPL) raises subscription prices for Apple MUsic and Apple One (Financial Press) Apple (AAPL) is in early settlement talks with the U.S. Department of Justice over an antitrust lawsuit Apple (AAPL) is in early settlement talks with the U.S. Department of Justice over a lawsuit filed in 2024 that accuses the iPhone maker of violating antitrust laws. Relevant negotiations are still progressing, but the two parties cannot guarantee that they will eventually reach an agreement, and the case has not yet set a trial date. Apple (AAPL) has repeatedly proposed settlement plans to the Department of Justice to resolve the case, and has made rectifications in response to some of the accusations, including launching a mini program mechanism and opening up its own iMessage application ecosystem. (Financial Associated Press) Meta (META) is negotiating to lease computing power resources to Anthropic. Meta (META) is said to be negotiating to lease computing power resources to Anthropic. The scale of the cooperation transaction may reach up to 10 billion US dollars in two years. (Financial Associated Press) The top spot in the world's market capitalization list changed hands: Apple (AAPL) overtook Nvidia (NVDA) in market capitalization and returned to the world's number one after 3 months. Nvidia (NVDA) fell 3.2%, and its market value further shrank to approximately US$4.86 trillion; Apple (AAPL) relied on its recent strong rise (883409), and its market value rose to approximately US$4.90 trillion. Apple (AAPL) regained its position as the world's largest market capitalization. It is worth noting that Apple (AAPL) has gained 22.8% year-to-date, and has gained 11.2% in the past 20 days. Its recent trend has been significantly stronger than the market; Nvidia (NVDA) has been almost sideways (-3%) in the past 20 days, and its short-term momentum is significantly weaker than Apple (AAPL). This is the first time in several months that Apple (AAPL) has become the world's largest market capitalization company. Market participants pointed out that Apple (AAPL) has recently been boosted by expectations of the launch of AI functions, and superimposed institutions have continued to increase their holdings, and the stock price has continued to receive support; Nvidia (NVDA) is facing profit-taking pressure from high valuations. Goldman Sachs (GS) predicts that the U.S. stock market will usher in a strong earnings season. Second-quarter earnings of S&P 500 (SPX) constituent stocks will soar 22% year-on-year. According to Goldman Sachs (GS), the U.S. stock market will usher in another strong earnings season. Goldman Sachs (GS) expects second-quarter profits of S&P 500 (SPX) constituent stocks to surge 22% year-on-year, with AI infrastructure-related stocks contributing nearly 60% of growth, of which Micron Technology (MU) and Nvidia (NVDA) combined to contribute more than 40%. If it ultimately materializes, it would be the second consecutive quarter of earnings growth of more than 20% for the S&P 500 (SPX). The Goldman Sachs (GS) report emphasizes that the current focus of the market is not the performance of the technology giants themselves - after all, the AI expenditures of hyper-scale cloud computing (885362) providers have been witnessed by all - but whether a wider range of companies in the industry chain can achieve profitability based on AI demand. Microsoft (MSFT) is preparing an AI vulnerability detection tool to benchmark the Mythos model, which may be released this month. Microsoft (MSFT) is preparing an AI vulnerability detection tool, Project Perception, which is scheduled to be released in July. The tool will be benchmarked against Anthropic's Mythos model and is expected to be more cost-effective than Mythos. Barclays Bank (BCS) expects the Bank of England to remain on hold this year and the European Central Bank to continue raising interest rates. Barclays Bank (BCS) expects the Bank of England to remain on hold this year and the European Central Bank to continue raising interest rates. Meta (META) plans to hire top Amazon (AMZN) cloud computing (885362) executives to prepare for a major entry into the cloud market. Amazon (AMZN) Cloud Technology (AWS) senior executive Dave Brown has nearly two decades of industry experience and is about to join Meta (META). He will report to the head of Meta (META) infrastructure and will be centrally responsible for the company's data center expansion project. Zuckerberg said: "At present, we have not officially launched a cloud business because our own computing power can still meet our own needs. But if there is a surplus in the future of computing power construction, opening up computing power to the outside world and developing cloud services will become our optional direction." Japan
The Bank of Japan believes that there is no need to continuously raise interest rates. The Bank of Japan believes that there is no need to continuously raise interest rates. Wang He, founder of Galaxy Universal Robots: The ChatGPT moment of embodied intelligence is expected to arrive in 2028. At the 2026 World Artificial Intelligence (885728) Conference, Wang He, founder and chief technology officer of Galaxy Universal Robots, predicted that through massive comprehensive data training, the embodied intelligence basic model can directly achieve a 70%-80% success rate on tasks without specialized training, comparable to the conversational level of digital models back then; and a powerful pre-training model coupled with an efficient post-training paradigm is the key condition to reach this milestone. He judged that based on the current data accumulation speed and model convergence trend, the industry is expected to usher in the "ChatGPT moment" of embodied intelligence before the end of 2028. (CCTV Finance)