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【U.S. Stock Market Open】Memory stocks rise against the trend, Micron once up 9% to new highs; Dow Jones down 20 points, Nasdaq down 0.2%; oil prices up 2% (updating continuously)
U.S. President Trump proposes “no deal” with Iran, and the market continues to watch the development of U.S.-Iran tensions. On Monday, the three major indices opened lower; the Dow fell 20 points to 49,588, the S&P 500 declined by 1 point to 7,397, and the Nasdaq dropped 44 points or 0.2% to 26,202. Oil prices rose 3%, with New York crude up 2.7% to $97.99, and Brent crude up 2.7% to $103.99. Gold prices saw New York futures down 1.2% at $4,676, and spot gold down 1% at $4,668.
In focus stocks, chip memory stocks continued to attract capital. Micron (US: MU) briefly surged 9% at market open, hitting a high of $818.67; similarly, Intel (US: INTC) also hit a new high of $132.75, nearly doubling since April.
Regarding earnings, Circle (US: CRCL) will announce its results after market close.
Morgan Stanley stated that the oil market is “racing against time,” as investors have been expecting the Strait to reopen. Therefore, crude futures have not broken through the 2022 highs. However, if the blockade of the Strait of Hormuz continues into June, beyond what China or the U.S. can bear, the market could tighten again.
The bank’s baseline forecast is that the Strait of Hormuz will reopen before the U.S. needs to restrict exports and China needs to curb imports. But if supply continues to be blocked and the blockade persists until the end of June or even July, Brent crude may face pressure and could rise.
Hong Kong stocks and ADR markets are continuously updating; see the next page for details.
Market Trends:
【15:03】Dow futures down 79 points, at 49,612; S&P 500 futures down 9 points, at 7,410; Nasdaq futures down 26 points or nearly 0.1%, at 29,306.
【15:03】Oil prices up 3%, with New York crude up 3.8% at $99.07, and Brent crude up 3.5% at $104.8. Gold prices: New York futures down 1% at $4,681, and spot gold down 0.8% at $4,677.
【15:03】【U.S. Interest Rates】Goldman Sachs: Inflation remains stubborn, delaying Fed rate cut forecast to December this year.
【14:39】【Iran Crisis】Citibank: U.S.-Iran negotiations deadlock may push oil prices higher; maintain Brent forecast of $120 for the next three months.
【13:52】【UBS】UBS Asia Investment Forum expected to attract over 6,000 participants; main theme “Investment Strategies in a Changing World”; will star athletes be present?
【13:45】【Gold Price Trend】Gold drops 1%, breaking below $4,700; Trump rejects Iran’s proposal (updating continuously).
【13:18】【U.S. IPO】Nvidia’s rival Cerebras plans to raise its IPO price and increase fundraising to $4.8 billion; Dunkin’ parent company secretly applying for listing.
【13:16】【KOSPI Breaks Top】South Korea’s KOSPI index triggered a circuit breaker; Goldman Sachs raises target to 9,000 points, JPMorgan bullish on 10,000; SK Hynix surges 11%, reaching 7,709, up 30%, breaking the 100-yuan mark.
【12:47】【Yen Movement】Japanese intervention effective, yen short positions significantly reduced; 100 yen to HKD 4.98.
【12:12】【U.S. Interest Rates】Challenging Wosh’s “AI-driven rate cuts”; Fed officials Goolsbee warns: AI hype makes rate cuts more difficult.
【11:48】【AI+Market Cap】Alphabet’s market cap approaches Nvidia; is it reasonable to replace the “big brother”?
【10:31】【AI+Bonds】Alphabet reportedly plans to issue yen bonds for the first time to accelerate AI race funding.
【09:49】【U.S. Interest Rates】Pimco’s chief investment officer: Fed rate cuts would be “counterproductive”; Iran war may cause the Fed to reverse course and hike rates.
【08:25】【Xi-Trump Meeting】Trump arrives in Beijing on Wednesday; meetings with Xi Jinping on Thursday and Friday; expected topics include Iran, AI, nuclear weapons.
【06:37】【Iran Crisis】Iran’s Supreme Leader issues a statement on the strategic importance of the Strait of Hormuz.
【06:10】【Iran Crisis】Trump: Iran’s response “completely unacceptable”; oil prices rise again (updating continuously).
【06:00】【Weekly Outlook】Focus on U.S. inflation data this week; April CPI expected to rise 3.7% year-on-year.
【06:00】U.S. and China leaders to meet; markets remain optimistic about positive news from U.S.-Iran negotiations. The S&P 500 and Nasdaq hit new all-time highs last Friday, while the Dow fluctuated but stayed stable. The Dow closed up 12 points at 49,609, the S&P 500 rose 0.84%, and the Nasdaq increased 1.71%.
See the U.S. stock market close: