U.S. memory chips and technology stocks generally fell, Super Micro Computer soared nearly 20%, U.S. bond yields hit a new high, and expectations for the Federal Reserve to raise interest rates soared
On Wednesday (July 22) Eastern Time, the three major U.S. stock indexes all closed slightly lower, with the Nasdaq falling 0.57%, the S&P 500 falling 0.14%, and the Dow falling 0.01%. Expectations for the Federal Reserve to raise interest rates have soared, suppressing the rebound in technology stocks and pushing long-term U.S. bond yields to historic highs. Super Micro Computer surged nearly 20%. Dell Technologies rose more than 9%, its largest one-day gain since June 2. SpaceX fell more than 6%, hitting a new low since its listing.
On Wednesday (July 22) Eastern Time, the three major U.S. stock indexes all closed slightly lower, with the Nasdaq falling 0.57%, the S&P 500 falling 0.14%, and the Dow falling 0.01%. Expectations for the Federal Reserve to raise interest rates have soared, suppressing the rebound in technology stocks and pushing long-term U.S. bond yields to historic highs. Super Micro Computer surged nearly 20%. Dell Technologies rose more than 9%, its largest one-day gain since June 2. SpaceX fell more than 6%, hitting a new low since its listing. U.S. memory chip stocks generally fell. The Philadelphia Semiconductor Index closed up 0.44%. Astera Labs, the top gainer, rose 3.47%, Broadcom rose 2.67%, and Nvidia rose 2.3%. ARM fell 2.18%, and Intel fell 2.36%, the largest decline. Seagate Technology rose 1.82%, Western Digital rose 1.51%, and SanDisk rose 0.62%; Micron Technology fell 1.17%, and SK Hynix fell 3.88%. Most technology giants fell, with Apple falling 0.56%, Google C falling 1.24%, Microsoft falling 1.86%, Amazon falling 1.09%, Meta falling 2.58%, and Tesla falling 1.3%. SpaceX fell 6.7% to $115.26, closing at a new low. It has fallen in 11 of the past 13 trading days. The trend of optical communication concepts was divided. Credo Technology rose by 1.97%, Marvell Technology rose by 1.46%; AAOI fell by 7.33%, Corning fell by 5.14%, and Lumentum fell by 0.94%. Computer hardware stocks strengthened, with Super Micro Computer rising 19.84%. The company significantly raised its gross profit margin guidance for the fourth fiscal quarter, and its backlog of orders hit a record high; Dell Technologies rose 9.32%. In terms of Chinese concept stocks, Livermore's leading index of Chinese concept stocks closed down 1.15%, and the Nasdaq China Golden Dragon Index fell 1.8%. Most of the popular Chinese concept stocks fell. NetEase fell 6.44%, Bawangchaji fell 4.93%, Xpeng Group fell 3.6%, NIO fell 2.51%, Tencent Music fell 1.79%; Futu Holdings rose 2.34%. SK Hynix rose 4.5% after the U.S. stock market closed, Micron Technology rose 2%, and Tesla's U.S. stock price decline expanded to 4% after the market closed. Google's financial report was announced after the market closed. Cloud business revenue significantly exceeded expectations, and the contract backlog exceeded US$500 billion. Google A fell 4%. International oil prices collectively closed higher. The main U.S. oil contract rose 2.54% to US$86.48/barrel; the main Brent oil contract rose 3.16% to US$93.89/barrel. Brent crude oil exceeded US$95/barrel during the session. As of early morning Beijing time on the 23rd, WTI crude oil rose 1% during the day and was now trading at US$87.734/barrel. Spot gold once hit $4,150 during the session, with COMEX gold futures rising 1.44% to $4,135.00 per ounce; COMEX silver futures rising 1.57% to $60.03 per ounce. U.S. bond yields hit a new high, with the two-year U.S. bond yield rising 4.5 basis points on the 22nd, hitting the highest since February 2025; the 30-year U.S. bond yield rose 2 basis points to around 5.14%. According to Xinhua News Agency, U.S. President Trump threatened to bomb Iranian bridges or power plants and other civilian facilities on the 22nd. Trump said earlier on the 22nd that every time Iran fires on a ship in the Strait of Hormuz, the United States will bomb and destroy an Iranian bridge or power plant, including such facilities in and around Tehran. According to CCTV News, the Hatam Anbia Central Headquarters of the Iranian Armed Forces issued a statement on the 22nd local time saying that if the United States puts its threats into action, the Iranian Armed Forces will not allow a drop of oil to be exported from the region, and the oil, natural gas, electricity and economic infrastructure in the region will all become targets. The statement stated that repeated threats by the United States will only lead to the further expansion of the war in the region and even spread outside the region. Expectations for the Federal Reserve to raise interest rates have soared. According to the Financial Associated Press, the market is now close to fully pricing in two interest rate hikes before January next year. Traders have been keeping a close eye on the oil market, fearing it could drive up consumer prices, which could ultimately lead to the Federal Reserve raising interest rates. CME Group's "Fed Watch" tool shows that the probability of the bank raising interest rates at least once before the end of the September meeting is close to 80%.
According to CCTV News, on July 22, local time, during a speech in Georgia, U.S. President Trump mentioned that there would be a federal government "shutdown" in September due to differences between Republicans and Democrats on spending priorities.
According to CCTV News, on July 22, local time, during a speech in Georgia, U.S. President Trump mentioned that there would be a federal government "shutdown" in September due to differences between Republicans and Democrats on spending priorities.