[US stocks]As of the close, the Dow rose 137.33 points, or 0.32%, to 42792.07 points; The Nasdaq rose 4.36 points, or 0.02%, to 19,215.46 points; The S&P 500 rose 5.22 points, or 0.09%, to 5,963.60.Tesla(TSLA.US) fell more than 2%,Apple(AAPL.US) fell 1%,Novavax Pharma(NVAX.US) up 15%. The Nasdaq China Golden Dragon Index closed down 0.17%,Mavericks Electric(NIU.US) fell 12%,Zai Lab(ZLAB.US) rose more than 6%.
[European stocks]Germany's DAX30 index rose 180.54 points, or 0.76%, to 23,929.75 points;FTSE 100 UKThe index rose 15.41 points, or 0.18%, to 8699.97 points; French CAC40 index fell 14.34 points, or 0.18%, to 7872.35 points; The European Stoxx 50 Index fell 2.88 points, or 0.05%, to 5424.65 points; Spain's IBEX35 index rose 48.00 points, or 0.34%, to 14,097.00 points; Italy's FTSE MIB index fell 477.26 points, or 1.17%, to 40,179.00 points.
[Asia-Pacific Stock Market]The Nikkei 225 Index fell 0.68%, South Korea's KOSPI Index fell 0.89% and Indonesia's Composite Index rose 0.49%.
[Foreign Exchange]Measures the dollar against six major currenciesthe US Dollar IndexIt fell 0.66% on the day and closed at 100.426 at the end of the foreign exchange market. As of the end of the New York foreign exchange market, 1 euro was exchanged for $1.1235, up from $1.1152 in the previous trading day; One pound is $1.3356, up from $1.3278 in the previous trading day. The dollar was exchanged for 144.97 yen, down from 145.90 yen in the previous trading day; 1 US dollar to 0.8348 Swiss francs, down from 0.8390 Swiss francs in the previous session; 1 US dollar to C$1.3959, down from C$1.3985 in the previous session; The US dollar was converted to SEK 9.6928, down from SEK 9.7871 in the previous trading day.
[Metal]Spot gold rose by 0.88% to $3,231.90/oz, rising throughout the day, reaching a daily high of $3,249.82 at 08:26 Beijing time. COMEX gold futures rose by 1.38% to $3,231.30/oz, and also rose to $3,252.90 at 08:17, setting a new daily high. Last Friday (after the closing of gold futures in New York + after the closing of U.S. stocks), Moody's downgraded the U.S. rating-meaning that the United States lost all AAA ratings of the three major international rating agencies. Spot silver rose 0.21% to $32.3629/oz. COMEX silver futures rose 0.40% to $32.485/oz. COMEX copper futures rose 1.48% to $4.6615/lb, and continued to rise after setting a daily low of $4.5610 at 11:49.
[Cryptocurrency]Bitcoin fell more than 1% to $1,053.535 million; Ethereum fell 0.86% to $2,518.53.
[Crude oil]The price of light crude oil futures for June delivery on the New York Mercantile Exchange rose 20 cents to close at $62.69 per barrel, an increase of 0.32%; London Brent crude futures for July delivery rose 13 cents, or 0.20%, to close at $65.54 a barrel.
[Macro News]
The leading indicator of the American Consultative Council declined in April.According to the statistics of the American Consultative Association, the U.S. economic outlook index declined in April. The released data showed that the leading indicator fell 1% monthly to 99.4 in April, which was lower than economists' expectations and the biggest decline for the index in two years. "Consumer expectations have become increasingly pessimistic month by month since January 2025, while the contribution of building permits and average hours worked in the manufacturing sector turned negative in April, while there is also general weakness when looking at six-month trends across the components of the LEI, a warning sign of growth," said Justyna Zabinska-La Monica, an analyst at the LEI. (The LEI is a predictive index. Based on 10 components, which include new orders from manufacturers, unemployment claims, new private residential building permits, share prices and consumer expectations, among others, the index is designed to indicate a shift in the business cycle.)
Jefferson, Vice Chairman of the Federal Reserve: Moody's downgrade will be treated as ordinary data when making policy.Jefferson, vice chairman of the Federal Reserve, said that when setting monetary policy, Moody's downgrade of the U.S. credit rating will be treated as ordinary economic data. Jefferson said, "We will look at this downgrade in terms of looking at all the upcoming information: what that means in terms of our achievement of our stated goals, without commenting on what the downgrade might mean in the political-economic context." He added, "Our goal is to fulfill a dual mission — to achieve maximum employment and price stability. In a time of change in financial markets, it is particularly important to stay focused on our mission."
Dallas Fed PresidentLogan: The Fed should strengthen its interest rate control mechanism.U.S. central banks should consider strengthening mechanisms to more effectively prevent money market interest rates from spiking when markets are stressed, according to Dallas Federal Reserve Bank President Logan. In remarks prepared for the Atlanta Fed's 2025 financial markets meeting, Logan renewed his call to encourage more banks to use the discount window and to centralize the clearing of standing repo vehicle (SRF) operations. She will also moderate a panel discussion on the role of non-banks in the U.S. Treasury Bond and money markets that day. Logan also pointed out that the Fed should focus on broader market interest rates, not just Federal Funds rate. "In my opinion, interest rate control is more than just keeping Federal Funds rate within the target range," she said.
Federal ReserveWilliams: There was no immediate concern about foreign investors selling U.S. assets.New York Fed President Williams acknowledged that fears of foreign investors leaving U.S. assets do exist against the backdrop of trade turmoil, but he believed that the U.S. "safe haven" status is not currently facing imminent risks. Mr Williams said most of these concerns remain at the stage where "people are just talking about whether to discuss or not". He said the United States remains uniquely attractive to global investors, pointing to its technological prowess and referring to "American exceptionalism" that until recently dominated global trade. Williams said: "The American economy is really dynamic. Honestly, we are the center of the artificial intelligence universe."
[Individual stock news]
Microsoft(MSFT.US) Open source Windows subsystem.In the early hours of this morning, Microsoft announced the open source of WSL, a Windows subsystem for Linux. WSL is a blockbuster feature released by Microsoft in 2016 to run Linux environments on Windows operating systems without the need for a separate virtual machine or dual boot. It can also quickly install various Linux versions of software, such as Ubuntu, Debian, Kali, etc., which allows developers to seamlessly use Windows and Linux for project development.
Source: If the Trump administration approves the deal, Japan Steel plans toU.S. Steel(X.US) invested $14 billion.Nippon Steel plans to invest $14 billion in U.S. Steel's business, including up to $4 billion in a new steel plant, if the Trump administration approves its acquisition of U.S. Steel, according to a filing and two people familiar with the matter. By 2028, the company will pour $11 billion into U.S. Steel's infrastructure, according to plan details contained in the filing. That includes $1 billion in greenfield land, which includes a $1 billion commitment to a new construction project that is expected to rise to $3 billion in the coming years. The massive investment commitment, an increase from the initial $1.4 billion, is seen as part of a last-ditch effort to win approval for the merger.
