Futu Morning Report | U.S. President Trump has arrived in Beijing; the U.S. Senate approves Walsh as Chairman of the Federal Reserve; U.S. April PPI rises 6% year-on-year, bets on interest rate hikes increase; SMIC and Huahong Semiconductor to release ear

The S&P 500 Index and Nasdaq Composite both reached new all-time highs, with NVIDIA, Google, and Apple each hitting record highs. Chinese stocks surged collectively, with 21Vianet rising over 25% and Kingsoft Cloud gaining more than 17%.

Futu News08:12

The suspense of Kevin Warsh's debut as the new Federal Reserve Chair: Will he abandon interest rate forecasts?

Wash's debut in June faces a critical decision: whether to submit interest rate forecasts will reveal her policy stance! Abstaining may become a strategic choice to avoid pressure from Trump and promote institutional reform.

Golden10 Data46minutes ago

The 'global asset pricing anchor' is poised for a major breakout? After nearly 20 years, the auction yield of 30-year U.S. Treasury bonds has returned to 5%.

Due to soaring energy prices driving up inflation, investors have achieved a 5% yield on 30-year U.S. Treasury bonds for the first time since 2007. A $25 billion auction of new 30-year bonds concluded with a yield of 5.046%, calculated based on the yield bidders were willing to accept, indicating weak market demand.

Zhitong Finance08:33

By the narrowest margin and amid a challenging start: Kevin Warsh confirmed as the new Federal Reserve Chairman!

The U.S. Senate confirmed Wash's appointment as Federal Reserve Chair by the narrowest margin in history, with 54 votes in favor and 45 against, marking the most contentious leadership transition at the U.S. central bank in decades. Facing pressure from the White House to cut interest rates and a persistently advancing inflation, every step taken by this new chair will be fraught with difficulty.

Golden10 Data07:28

Top 20 by Trading Volume | NVIDIA rose over 2% to hit a new high, with Jensen Huang making a last-minute visit to China; Micron surged nearly 5%, surpassing a market cap of $900 billion; Google gained 4% as Gemini will be integrated into the Android ecosy

Micron Technology, the top stock by trading volume on Wednesday, closed 4.83% higher, with its share price surpassing $800 for the first time to reach a new all-time high. The trading volume reached $43.045 billion, and its market capitalization exceeded $900 billion. Bank of America raised Micron's price target from $500 to $950 while maintaining a 'buy' rating on the stock. The bank believes that demand growth for memory chips related to AI servers and data centers will continue to outpace supply growth in the coming years. This supply-demand imbalance is becoming a key component of the bullish narrative. Analysts noted that memory manufacturers are facing tighter production conditions as building new capacity requires significant lead time.

Global Market Updates06:46

U.S. Stocks Close | Tech Giants Drive S&P 500 and Nasdaq to New Highs, Chip Stocks Stage Strong Rebound; China Golden Dragon Index Surges Nearly 4%, Alibaba Jumps 8% Post-Earnings, 21Vianet Soars 25%; PPI Hits Highest Level in 3 Years

On Wednesday Eastern Time, the S&P 500 Index and Nasdaq Composite both hit new record highs, driven by a strong rebound in chip stocks. Despite higher-than-expected inflation data that nearly extinguished market hopes for an imminent interest rate cut by the Federal Reserve, the rise of artificial intelligence (AI)-related technology stocks continued to propel the U.S. stock market higher.

wallstreetcn06:28