U.S. Market Close | All three major indices opened higher but closed lower; cloud service providers saw a surge in orders, with IREN surging 20% and Hut 8 rising over 10%; Chinese ADRs strengthened, with Alibaba up nearly 5%; crypto rebounded, with Circle

The S&P 500 declined 0.19% to close at 7,443.28, falling below its 50-day moving average. The semiconductor index rose 0.60%. Microsoft gained 2.15%, Apple fell 2.14%, and Tesla dropped 2.96%. The yield on the 10-year U.S. Treasury note rose 5 basis points to 4.60%. Bitcoin increased by 1.32%. WTI September crude oil futures rose 0.9% to settle at $83.23 per barrel, while Brent crude gained 1.3% to close at $89.22 per barrel.

wallstreetcn06:30

U.S. President Donald Trump warned of intensified retaliatory strikes against Iran, fueling expectations of a rate hike by year-end amid rising crude oil prices; the dollar extended gains to ¥162.59/$1.1403.

[London Market Overview] On the 20th, the dollar-yen pair showed limited downside in Tokyo trading. Amid thin liquidity due to the Tokyo market holiday, dollar-buying driven by higher crude oil prices and elevated U.S. interest rates receded, pushing the pair down from ¥162.57 to ¥162.30. However, sustained high levels in crude oil prices and U.S. rates supported continued dollar demand, leading to a modest recovery in the afternoon session. • The euro-yen rose from ¥185.59 to ¥185.82. • The euro-dollar climbed from $1.1424 to $1.1445. [Monetary Policy]

Fisco Japan04:43

Moonshot AI Ignites a Shift in AI-Driven Trading: Assessing Winners and Losers in the New Landscape

China's semiconductor ecosystem, memory chip manufacturers, AI agents, and software developers are all winners, while AI model developers and high-end chipmakers are viewed as losers.

wallstreetcn04:33

U.S. Strategic Petroleum Reserve fell by another 5.1 million barrels last week, hitting a 43-year low.

According to data from the U.S. Department of Energy, U.S. Strategic Petroleum Reserve crude oil inventories declined by approximately 5.1 million barrels last week, falling to 311.4 million barrels—the lowest level since March 1983. Data covering the latest figures through last weekend is expected to be released on Wednesday.

wallstreetcn02:55

Have China-based internet giants hit bottom? Bernstein: AI costs are being overly pessimistically interpreted; focus on Tencent.

Bernstein believes the most pessimistic phase for Chinese internet stocks may have passed, and market concerns over AI inference costs have been significantly overstated. With Tencent's HY3 launch and Alibaba Cloud accelerating its growth, conditions are accumulating for a valuation recovery in the sector. Among them, Tencent remains the top pick, with a target price of HK$780, implying approximately 69% upside from current levels.

wallstreetcnJul 20 22:08

International oil prices dropped sharply in the short term! Reports: Mediators between the U.S. and Iran have proposed that both sides halt military strikes for 10 days.

The situation between the U.S. and Iran has once again entered a complex phase characterized by concurrent diplomatic and military developments. On July 20, Iran confirmed it had received a ceasefire proposal led by Qatar, which called for a 10-day truce between the two sides. However, on the same day, the Iranian president stated that the country was in a state of 'total war.' Meanwhile, military operations continued unabated: U.S. forces carried out airstrikes against targets inside Iran for the ninth consecutive night, while Iran’s Islamic Revolutionary Guard Corps launched drone attacks on U.S. military bases in Kuwait.

wallstreetcnJul 20 21:24