Night Market Stock | Dow Jones, Nasdaq, S&P 500 Fall; Oil Prices Drop
According to reports from our financial app, on Tuesday, the three major indices fell. US President Trump accepted an interview with foreign media and stated that he would "significantly increase" tariffs on Indian imports within the next 24 hours, and announce tariffs on pharmaceuticals and chips within a week, with the final tariff rate potentially reaching 250%.
【Stock Market】 As of closing, the Dow Jones fell by 61.9 points, down 0.14%, to 44,111.74; the Nasdaq fell by 137.03 points, down 0.65%, to 20,916.55; and the S&P 500 fell by 30.75 points, down 0.49%, to 6,299.19. Biogen (PFE.US) rose 5%, Coinbase (COIN.US) fell 6.3%, Microsoft (MSFT.US) and Meta Platforms (META.US) both fell over 1%. The Nasdaq China ChiNext Index fell by 0.56%.
【Euro Stocks】 Germany's DAX30 index rose by 78.54 points, up 0.33%, to 23,835.82; the UK's FTSE 100 index rose by 9.20 points, up 0.10%, to 9,137.50; France's CAC40 index fell by 10.97 points, down 0.14%, to 7,621.04; and the European Stoxx 50 index rose by 6.53 points, up 0.12%, to 5,248.85.
【Asia-Pacific Stocks】 Japan's Nikkei 225 index rose by 0.64%, Korea's KOSPI index rose by 1.6%, and Indonesia's Composite Index rose by 0.68%.
【Forex】 As of the end of trading, the US dollar index against six major currencies fell to 98.782, lower than the previous day's close of 98.786. As of the end of New York trading, one euro was equivalent to 1.1574 dollars, higher than the previous day's close of 1.1566 dollars; one pound was equivalent to 1.3295 dollars, higher than the previous day's close of 1.3276 dollars; and one yen was equivalent to 0.0088 dollars, lower than the previous day's close of 0.0089 dollars.
【Individual Stock News】
News reports indicate that iPhone 17 series will have a significant price increase. Recently, multiple media outlets and analysis institutions have published articles stating that Apple (AAPL.US) is expected to release the iPhone 17 series in September 2025, with a significant price increase. According to Jefferies' investment note, the iPhone 17 series (including non-Pro models) is expected to rise by around $50 compared to the previous generation, with the iPhone 17 Pro starting at $1,049 and the iPhone 17 Pro Max starting at $1,249.
Intel (INTC.US) 18A process trapped in quality difficulties, high-end chip production blocked. Two insiders told Reuters that Intel had hoped to use a new manufacturing process called 18A to regain its competitiveness and produce high-end chips with high margins. However, during testing, the 18A process encountered a major quality problem. Over the past few months, Intel has promised investors that it would adopt the 18A process to increase chip production. To develop the 18A process, Intel invested tens of billions of dollars, including building or upgrading several factories. The goal was to challenge Taiwan Semiconductor Manufacturing Company (TSMC). Last year, early testing left customers disappointed. The two insiders said that since late last year, only a small portion of the quality chips produced by the 18A process have met customer standards.
Alibaba's (BABA.US) new model Qwen-Image tops global open-source rankings. Alibaba has released a new image-generation model called Qwen-Image, which immediately topped the global AI open-source community HuggingFace's model rankings. This is Alibaba's first graphic generation foundation model with 20 billion parameters, which excels in general-purpose image generation and editing tasks such as GenEval, DPG, GEdit, and ImgEdit.