[U.S. Stock Market Open] Iran releases submarine to guard the Strait of Hormuz | Micron previously rose 9% to new highs (updating continuously)

After U.S. President Trump refused Iran’s proposal, the market continued to watch the development of U.S.-Iran tensions. According to the semi-official Iranian Tasnim News Agency, Iran’s homemade micro submarine class (Qadir class) “Ghadir” is serving as the “stealth guardian” of the Strait of Hormuz. The report states that the submarine is specifically designed for shallow waters in the Persian Gulf and the Strait of Hormuz, and has now become a strategic weapon. However, it did not trigger significant market fears.

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U.S. stocks fluctuated, with the Dow down 20 points, at 49,588 points; the S&P 500 rose 0.2%, at 7,410 points; and the Nasdaq increased 0.1%, at 26,278 points.

Oil prices rose about 1%, with New York futures up 0.9%, at $96.28; Brent futures increased 1.7%, at $102.98.

Gold prices, spot gold rose 0.5%, at $4,738.

In focus stocks, chip memory stocks continued to attract capital. Micron (US: MU) surged 9% to a new high, reaching $818.67; similarly hitting new highs was Intel (US: INTC), with a high of $132.75, nearly doubling since April.

On earnings, Circle (US: CRCL) will announce its earnings after market close.

Morgan Stanley stated that the oil market is “racing against time,” as investors have been expecting the Strait to reopen, so crude oil futures have not broken through the 2022 highs. But if the blockade of the Strait of Hormuz continues until 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. However, if supply continues to be blocked and the blockade persists until late June or even July, Brent crude oil may face pressure and could rise.

Hong Kong stocks and ADR markets are continuously updating; see details on the next page.

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Real-time Market Trends:

【15:03】Dow futures down 79 points, at 49,612; S&P futures down 9 points, at 7,410; Nasdaq futures down 26 points, nearly 0.1%, at 29,306.

【15:03】Oil prices up 3%, with New York futures up 3.8%, at $99.07; Brent futures up 3.5%, at $104.8. Gold prices, NY gold futures down 1%, at $4,681; spot gold down 0.8%, at $4,677.

【15:03】【U.S. Interest Rates】Goldman Sachs: Inflation more stubborn than expected, delaying Fed rate cut forecast to December this year.

【14:39】【Iran Crisis】Citibank: U.S.-Iran negotiations deadlock may push oil prices higher; maintaining Brent crude forecast of $120 for the next three months.

【13:52】【UBS】UBS Asia Investment Forum attracts over 6,000 participants; main theme “Investment Strategies in a Changing World”; are star athletes involved?

【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】【Korean Stocks Break Highs】KOSPI briefly triggers 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 intensifies, making rate cuts more difficult.

【11:48】【AI+ Market Cap】Alphabet’s market cap approaching 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 investment chief: 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; talks with Xi Jinping on Thursday and Friday; expected to discuss Iran, AI, nuclear weapons, and other issues.

【06:37】【Iran Crisis】Iran’s Supreme Leader issues a statement on ten strategic points regarding 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 increase by 3.7% year-on-year.

【06:00】U.S. and China leaders to meet; market still hopeful for positive news from U.S.-Iran negotiations. The Dow and Nasdaq hit new highs last Friday, while the Dow fluctuated. The Dow closed up 12 points last Friday, at 49,609; the S&P rose 0.84%; the Nasdaq increased 1.71%.

Check out U.S. stock market close:

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U.S. stocks last week, for details see: 【U.S. Stock Market Close】 Nasdaq up 1.7%, S&P also hits new highs, Intel surges 14%, Iran claims ship attacked by U.S. military.

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