Express News | A U.S. official stated that 'the navy escorted oil tankers through the Strait of Hormuz' but later deleted the post; Iran responded: a complete lie.

Breakings01:41

U.S. Stock Market Close | Market volatility triggered by a false 'escort' report; major indices retreated after an initial rise; broad gains for Chinese stocks listed in the U.S., with Nio surging 15% on its first-ever quarterly profit; oil prices experie

The S&P 500 Index fell by 0.2%, the Nasdaq was largely unchanged, and the Dow Jones Industrial Average edged down by less than 0.1%. WTI crude oil futures plummeted by over 12% at one point during the session, marking the largest single-day decline since 2022, and ultimately closed down approximately 8.5% at $86.73 per barrel. The MSCI Emerging Markets Currency Index rose by 0.9%, recording its best daily performance since December 2023, with intraday gains reaching as high as 1.1%. Spot gold increased by 1.2%, while silver climbed by 1.68%.

wallstreetcn12minutes ago

Key Republican Senator Tillis does not oppose initiating the nomination process for Kevin Warsh as Federal Reserve Chair, but will still obstruct the confirmation vote.

On Tuesday, according to Punchbowl News, Republican Senator Thom Tillis of North Carolina stated that he could accept initiating the review process for Kevin Warsh's nomination as Federal Reserve Chairman. However, Tillis also noted that due to his previous commitment to block this nomination, Warsh’s nomination might be 'held up for some time' in the Senate committee.

wallstreetcn44minutes ago

Top 20 Trading Volume | Storage supercycle continues! SanDisk surged over 5%, Micron rose more than 3%; Amazon raised $37 billion through a multi-currency issuance of 11 tranches of bonds; Palantir fell over 3% amid crisis in partnership with Anthropic.

NVIDIA, the top stock by trading volume on the US market on Tuesday, closed 1.16% higher. Thinking Machines Lab, an artificial intelligence startup, announced on Tuesday that it had reached a multi-year partnership agreement with NVIDIA. Under the deal, NVIDIA will make a significant investment in the company, which will also purchase at least one gigawatt of NVIDIA's next-generation processors to train and run its cutting-edge AI models. However, the two parties did not disclose the specific financial terms of the transaction.

Global Market Report05:26

The U.S.-Iran conflict triggered market volatility, causing several top-tier hedge funds to suffer losses amounting to hundreds of millions of dollars.

The escalation of the US-Iran conflict triggered significant turbulence in global markets, with several leading hedge funds suffering losses amounting to hundreds of millions of dollars in a single week. According to Bloomberg data, the year-to-date returns of institutions such as Citadel and Millennium have been substantially eroded, with Marshall Wace's Eureka Fund dropping by 3.7% and ExodusPoint giving up all gains from the first two months. The rare simultaneous sell-off in equities and bonds rendered multi-strategy models that rely on cross-asset hedging ineffective, posing severe challenges to the effectiveness of their risk control systems and investor confidence.

wallstreetcn05:09

U.S. Stock ETF Tracker | Following Iran's deployment of naval mines, the 2x Bloomberg Crude Oil Bull ETF surged over 5%; Rare earth-related stocks gained, with the 2x CRML and 2x USAR ETFs rising approximately 20%; Entering the auto loan market! The 2x FI

The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average down 0.07%, the Nasdaq Composite up 0.01%, and the S&P 500 Index down 0.21%. Optical communication-related stocks surged significantly, with AAOI rising nearly 9% and Lumentum gaining over 4%. Memory chip-related stocks also rose, with SanDisk climbing over 5%, Micron Technology up more than 3%, and Western Digital increasing by over 1%. Paramount Global fell over 7%, touching its lowest level in nearly two weeks.

Futu News05:04