·U.S. stock market performance: On Wednesday, September 2, all three major indexes closed higher, ending a three-day losing streak. The Dow rose 0.56% to 53,061.95; the S&P 500 rose 0.46% to 7,666.60; and the Nasdaq rose 0.45% to 26,217.83. Most major technology stocks rose, with Nvidia gaining more than 3% and Meta more than 2%. Dell Technologies surged more than 15%, driven by explosive growth in demand for AI servers, and significantly raised its full-year revenue forecast. The Nasdaq Golden Dragon China Index edged down 0.05%. WTI crude rose 0.88% to $91.01 per barrel; COMEX gold futures rose 0.86% to $4,434.30 per ounce.

·U.S. Treasury yields nearing 5% spark concerns over a global pullback: The yield on the U.S. 10-year Treasury note has risen to approximately 4.8%, while the 30-year yield reached a 19-year high. JPMorgan’s global head of investment strategy warned that if the 10-year Treasury yield rises to around 5%, it could trigger a 5% to 8% correction in global stock markets.

·Trump reassures markets: Trump said that U.S. military strikes against Iran "will not last too long" and stated that the U.S. had destroyed new equipment Iran had deployed along the Strait of Hormuz. As a result, the oil rally temporarily paused. Trump also proposed on social media renaming the Strait of Hormuz the "Strait of Trump."

·Former U.K. Prime Minister Liz Truss warns a bond rout could force emergency spending cuts: Former U.K. Prime Minister Liz Truss said the surge in global government bond yields was caused by countries' "high debt levels and currency depreciation." The yield on the U.K. 10-year gilt has risen to approximately 5.2%, while the 30-year yield is nearing 6%. Without supply-side reforms to control spending, the U.K. could be forced to implement "mandatory emergency spending cuts."

·Federal Reserve Beige Book: Moderate economic growth, with data centers and AI investment providing important support: The report showed that U.S. economic activity grew moderately since early July, with 10 of the 12 districts recording slight to moderate growth. The report mentioned artificial intelligence 19 times and data centers 25 times.

·USDT supply on the Tron network surpasses Ethereum: Over the past month, the USDT supply on Tron increased by $4 billion to $94.27 billion, surpassing the total USDT supply on Ethereum.

·Broadcom’s Q3 earnings exceed expectations: Broadcom reported fiscal Q3 2026 revenue of $29.591 billion, up 86% year over year and above market expectations. The company raised its fiscal 2026 AI revenue guidance to $58 billion, up 186% year over year.

·Robinhood Chain’s single-day fees exceed the combined total of Solana, Ethereum, and Base: According to DeFiLlama data, Robinhood Chain generated $3.75 million in on-chain fees over 24 hours, exceeding the combined total of Solana, Ethereum, and Base. (Source: Desun)

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