Overnight US stocks | NASDAQ and S&P 500 Index hit record highs, and the dollar hit its worst first half performance since 1973

The Zhitong Finance App learned that on Monday, the three major indices rose, and the NASDAQ and S&P 500 indices reached new record highs. The three major stock indexes all recorded gains in June and the first half of the year.

[US stocks] At the close, the Dow rose 275.50 points, or 0.63%, to 44094.77 points; the NASDAQ rose 96.27 points, or 0.47%, to 20369.73 points; and the S&P 500 rose 31.88 points, or 0.52%, to 6204.95 points. In June this year, the S&P 500 index rose 4.96%, the Nasdaq index rose 6.57%, and the Dow Jones index rose 4.31%. In the second quarter of this year, the S&P 500 index rose 10.57%, the Nasdaq index rose 17.75%, and the Dow Jones index rose 4.98%.

[European stocks] The German DAX30 index fell 85.15 points, or 0.35%, to 23915.12 points; the British FTSE 100 index fell 37.56 points, or 0.43%, to 8761.35 points; the French CAC40 index fell 25.64 points, or 0.33%, to 7665.91 points; the European Stoxx 50 index fell 19.49 points, or 0.37%, to 5306.15 points; Spain's IBEX35 index rose 41.93 points, or 0.30%, to report 13991.93 points; Italy's FTSE MIB index rose 37.79 points, or 0.10%, to 39,780.00 points.

[Asia Pacific Stock Market] The Nikkei 225 Index rose 0.84%, South Korea's KOSPI Index rose 0.52%, and the Indonesian Composite Index rose 0.44%.

[Forex] The US dollar index fell on the 30th. The US dollar index, which measures the US dollar against the six major currencies, fell 0.54% on the same day and closed at 96.875 at the end of the foreign exchange market. As of the end of the exchange market in New York, 1 euro was worth 1.1776 US dollars, up from 1.1700 US dollars on the previous trading day; 1 pound was worth 1.3718 US dollars, up from 1.3697 US dollars on the previous trading day. 1 US dollar was worth 144.20 yen, lower than 144.70 yen on the previous trading day; 1 US dollar was worth 0.7934 Swiss franc, lower than 0.7998 Swiss franc on the previous trading day; 1 US dollar was worth 1.3625 Canadian dollars, lower than 1.3715 Canadian dollars on the previous trading day; 1 US dollar was worth 9.4665 SEK, lower than 9.4973 on the previous trading day.

The US dollar index fell sharply in the first half of this year, recording the worst first-half performance since 1973. The US dollar index has fallen about 10.8% year to date, compared to 14.8% in the first half of 1973. In addition to urging the Federal Reserve to cut interest rates, there is uncertainty about US President Donald Trump's trade and tariff policies, putting heavy pressure on the dollar.

[Crude oil] Light crude oil futures for August delivery on the New York Mercantile Exchange fell 41 cents, or 0.63%, to close at $65.11 a barrel; London Brent crude oil futures for August delivery fell 16 cents, or 0.24%, to close at $67.61 a barrel.

[Metals] COMEX gold futures rose 0.93% to $3318.30 per ounce, rising 0.10% in June and rising about 5.67% in the second quarter. COMEX silver futures rose 0.39% to 36.315 US dollars/ounce in September, rising 8.78% in June and rising about 1.09% in the second quarter. Gold has risen more than 25% in the past six months. As gold reached a record high in the second quarter, gold prices in the first half of 2025 recorded their best performance since the second half of 2007. For the quarter ending June 30, gold rose 5.5%. Analysts said that after reaching a record high, the price of gold is currently consolidating around $3,300 per ounce. Stonex's Rhona O'Connell said in the report: “The easing of the situation in the Middle East and the signing of trade agreements have eased tension, so they are not good for gold, but they may help silver.”

[Cryptocurrency] Bitcoin fell 0.98% to $10,7323.6; Ethereum fell 0.22% to $2495.35.

[US Bonds] The yield on the US 10-year benchmark treasury bond fell 4.89 basis points to 4.2280%. The cumulative decline in June was 17.24 basis points, and the cumulative decline in the second quarter was 2.14 basis points. Overall trading was in the 4.6247%-3.8564% range. The two-year US Treasury yield fell 2.87 basis points to 3.7192%, falling 17.83 basis points in June and 19.27 basis points in the second quarter. Overall trading was in the 4.0592% to 3.4305% range. The 02/10 US Treasury yield spread fell 2.220 basis points to +50.466 basis points, rising 0.797 basis points in June and 16.921 basis points in the second quarter.

[Macro News]

White House officials say the US will resume trade talks with Canada. US White House National Economic Council Director Kevin Hassett said in an interview with the media on the 30th that after Canada cancels the digital services tax, the US will “immediately resume” trade negotiations with Canada. Canada's Treasury said in a press release on the 29th that Canadian Prime Minister Carney and US President Trump have agreed to resume negotiations between the two sides with a view to reaching an agreement by July 21. The Canadian Ministry of Finance also announced that it will cancel the digital services tax, which was originally scheduled to take effect on the 30th, to advance trade negotiations with the US. The US has always opposed Canada's plan to levy a digital services tax. Trump announced on social media on the 27th that since Canada insists on introducing a digital services tax on US technology companies, the US has decided to immediately stop all trade negotiations with Canada.

Trump, who asked the Federal Reserve to cut interest rates, criticized Powell and brought the entire committee together this time. On June 30, local time, US President Trump said in a social media post that “Mr. Too Late” Federal Reserve Chairman Powell and the entire committee should be ashamed of not cutting interest rates. Trump said that if they do a good job, “America can save trillions of dollars in interest costs” and “but the committee just stands idly by, so it's hard for them to blame.” Trump said the US should pay a 1% interest rate. On the same day, US White House press secretary Levitt said that in a letter to Powell, Trump mentioned interest rates in many countries around the world and told Powell that interest rates should be drastically reduced. Trump previously frequently bombarded Powell via social media because the Federal Reserve did not cut interest rates in accordance with his requirements, and at one point threatened to dismiss him.

EU officials say they will go to the US for trade negotiations on July 1. European Commission Commissioner Shevchovic said on June 30 that he will go to Washington on July 1 to conduct trade negotiations. US President Trump threatened on May 23 to impose 50% tariffs on goods imported from the European Union starting June 1. However, on May 25, Trump announced that he would extend the European Union's 50% tariff from June 1 to July 9. Since then, Europe and the US have begun trade negotiations on tariffs.

[Individual Stock News]

Stablecoin issuer Circle (CRCL.US) applied for the establishment of a National Trust Bank in the US. Stablecoin issuer Circle is applying to establish a national trust bank in the US. Earlier this month, the company achieved a valuation of nearly $18 billion through an initial public offering, and this application is a key follow-up move. If the US Monetary Commission (OCC) approves this license, Circle will be able to act as a custodian of its own reserves and hold crypto assets on behalf of institutional clients. Unlike traditional banks, however, this license does not allow Circle to take cash deposits or issue loans. Currently, the cryptocurrency platform Anchorage Digital is the only digital asset company with a National Trust Bank license. Experts and analysts say that once the bill is signed into effect, it may pave the way for more traditional financial institutions and retailers to incorporate stablecoins into their business.

Netflix (NFLX.US) hits another record high! The company will be offering a NASA+ live broadcast program this summer. Netflix rose more than 1% to a record high, up nearly 50% year to date! The company will be offering a NASA+ live broadcast program this summer. NASA is facing pressure from the White House's budget cuts. This collaboration with Netflix to broadcast live broadcasts of rocket launches, astronaut spacewalks, etc., marks an important step for the agency into modern media. NASA said that the move is aimed at expanding its global influence and exposing more viewers to exciting content of space exploration.

Meta (META.US) restructuring its AI division to develop “superintelligence” shares hit a record high. Meta PlatformsCEO Zuckerberg announced a major restructuring of the company's artificial intelligence division, including a commitment to develop “superintelligence,” a system capable of completing tasks like or better than humans. According to an internal memorandum, Zuckerberg wrote to employees on Monday that Meta's artificial intelligence work will fall under a new division called “Meta Superintelligence Labs” (MSL for short), led by Alexandr Wang, the former CEO of data labeling startup Scale AI. Wang will serve as the company's chief artificial intelligence officer. Zuckerberg also said that former GitHub CEO Nat Friedman will collaborate to lead the group and be responsible for Meta's work on artificial intelligence products and applications research. Affected by this news, Meta's stock price once hit a record high of $747.9 intraday.

Apple (AAPL.US) is considering using Anthropic or OpenAI technology to support Siri. Apple is considering Anthropic or OpenAI technology to support Siri. According to Bloomberg, Apple has already discussed with these two companies about Siri's big language model for using them. Apple requires the two companies to train versions of their models to run tests on Apple's cloud infrastructure. Currently, most of Apple's AI functions are realized through self-developed technology. The company calls them “Apple Foundation Models” (Apple Foundation Models), and plans to launch a new version of the voice assistant based on this technology in 2026. However, Apple has yet to make a final decision and is still considering its own model. A competitive project called LLM Siri is still being actively developed, and the project uses an internal model.

Tesla (TSLA.US) CEO Musk also proposed the establishment of a new political party after approving the “big and beautiful” bill. On June 30, local time, American entrepreneur Elon Musk once again posted on social media platforms criticizing the “big and beautiful” bill introduced by the US Republican Party. Musk said the “crazy spending” of the “Big and Beautiful” Act would increase the debt ceiling by a record five trillion dollars. Musk also criticized the Republican Party in his post, implying that the Republican Party is the “PORKY PIG PARTY” (the PORKY PIG PARTY). Furthermore, Musk also said in an article that it is time to establish a new political party that truly cares about the people. Previously, Musk had criticized Trump's aggressive tax reform bill many times and voiced many times that the US needed to form a new political party.

Robinhood (HOOD.US) launched an Arbitrum-based tokenized stock product and is building RWA's exclusive Layer2 network. Robinhood announced on Monday that it will expand its crypto business footprint through a series of new initiatives, including developing its own blockchain network based on Arbitrum and launching tokenized stock trading. Today, the company launched tokenized stock products based on the Ethereum Layer 2 network Arbitrum for European users, covering more than 200 US stocks and ETFs, and supporting round-the-clock trading on weekdays. Robinhood said in a statement that the move would upgrade its European crypto application to a “crypto-driven all-round investment platform.” Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, aims to support round-the-clock transactions, independent escrow, and cross-chain transfers of tokenized assets. Although the exact launch date has not been announced, people familiar with the matter revealed that it may be launched at the end of this year or the beginning of next year.

[Major Bank Ratings]

J.P. Morgan: Giving Circle (CRCL.US) a “reduced holdings” rating with a target price of $80