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.

wallstreetcn7minutes ago

Trump announced a 50% tariff on certain Canadian goods, accusing Canada of trade discrimination.

The new tariffs will take effect on August 19, Eastern Time, and will be imposed in addition to existing tariffs, duties, and other fees. Affected products range from wine and hockey sticks to cement; however, they do not apply to energy, potash, and critical minerals. U.S. officials stated that Trump is creating a fairer competitive environment for key American exports—including automobiles, alcoholic beverages, and dairy products. The Premier of Ontario, Canada, urged Canada to implement countermeasures.

wallstreetcn20minutes ago

Express News | The United States announces a 50% tariff increase on certain Canadian products.

Breakings05:09

Top 20 by Trading Volume | Micron and SanDisk up ~2%; SK Hynix down nearly 2%; AMD's Helios wins Microsoft full-stack order; Google developing Gemini-dedicated chip; Oracle drops 4% as data center costs surge

Micron Technology, the most actively traded stock on U.S. markets on Monday, rose 1.94%. Analysts noted that the memory chip industry is experiencing intensified supply-demand dynamics, with capacity expansion and AI-driven demand pulling in opposite directions, raising concerns about cyclical volatility. Recently, shares of major global memory chipmakers have undergone significant corrections, with Samsung, SK Hynix, and Micron all down more than 30%, reflecting deep market worries that the sector could once again face overcapacity.

Global Market Update04:48

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

The semiconductor index has entered a bear market, and Goldman Sachs has quietly shifted toward three alternative investment themes.

The semiconductor sector’s deep entrenchment in bear market conditions has significantly diminished the appeal of AI-related trades. In response, Goldman Sachs’ analyst team has promptly introduced three alternative investment themes to offer new strategic directions for investors seeking to avoid the volatility risks associated with AI.

wallstreetcnJul 20 21:13