--- title: "Overnight U.S. Stocks | The U.S. and Iran reached an agreement on Sunday, NASDAQ rose over 2%, Western Digital surged 11%" type: "News" locale: "en" url: "https://longbridge.com/en/news/291195178.md" description: "Affected by the agreement between the United States and Iran to suspend hostilities, the three major U.S. stock indexes rose collectively overnight. The NASDAQ rose over 2%, the Dow Jones Industrial Average increased by 0.59%, and the S&P 500 rose by 1.18%. In individual stocks, Western Digital rose by 11%, and Strategy increased by 12.6%. Most European stocks fell, while Asian markets showed mixed performance" datetime: "2026-06-29T22:21:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291195178.md) - [en](https://longbridge.com/en/news/291195178.md) - [zh-HK](https://longbridge.com/zh-HK/news/291195178.md) --- # Overnight U.S. Stocks | The U.S. and Iran reached an agreement on Sunday, NASDAQ rose over 2%, Western Digital surged 11% According to the Zhitong Finance APP, on Monday, the three major indices rose, with the NASDAQ up over 2%. The United States and Iran reached an agreement on Sunday to suspend hostilities and allow commercial vessels to pass freely through the Strait of Hormuz. This came after military clashes over the previous weekend, which threatened the negotiation process aimed at ending the conflict. A U.S. official stated that technical talks on all areas of the memorandum of understanding will continue as planned, and both sides will currently exercise restraint, allowing vessels to pass freely. **【U.S. Stocks】** At the close, the Dow Jones Industrial Average rose 306.33 points, an increase of 0.59%, closing at 52,182.44 points; the NASDAQ rose 522.53 points, an increase of 2.07%, closing at 25,820.14 points; the S&P 500 index rose 86.36 points, an increase of 1.18%, closing at 7,440.38 points. Western Digital (WDC.US) rose 11%, MicroStrategy (MSTR.US) rose 12.6%, Seagate Technology (STX.US) rose over 7%, SpaceX (SPCX.US) rose 7%, Micron Technology (MU.US) rose 1%, and NVIDIA (NVDA.US) rose 1%. The NASDAQ Golden Dragon China Index closed up 1.4%, with Baidu (BIDU.US) rising over 7%. **【European Stocks】** The German DAX 30 index fell 55.03 points, a decrease of 0.22%, closing at 24,626.69 points; the UK FTSE 100 index fell 15.60 points, a decrease of 0.15%, closing at 10,492.42 points; the French CAC 40 index fell 17.54 points, a decrease of 0.21%, closing at 8,367.33 points; the Euro Stoxx 50 index rose 9.10 points, an increase of 0.15%, closing at 6,230.65 points; the Spanish IBEX 35 index fell 41.02 points, a decrease of 0.21%, closing at 19,384.28 points; the Italian FTSE MIB index fell 79.85 points, a decrease of 0.16%, closing at 51,185.50 points. **【Asian Markets】** The Nikkei 225 index rose 0.15%, while the Korea Composite Stock Price Index fell 0.2%. **【U.S. Dollar Index】** The Bloomberg Dollar Spot Index fell 0.1%; this index rose 0.5% last week. The yen fell to its lowest level against the dollar since 1986, raising market speculation about whether Japanese authorities might intervene to support the yen. The dollar index retreated. Citigroup macro strategists ended their long yen recommendation made in May, citing that the Japanese Ministry of Finance failed to send a clear signal regarding potential market intervention to support the weak yen. **【Cryptocurrency】** Bitcoin rose over 2%, trading at $60,331; Ethereum rose over 3.8%, trading at $1,617.98. **【Crude Oil】** Crude oil prices rose at the beginning of the week as traders assessed whether the ceasefire could hold and alleviate concerns about energy supply disruptions. International Brent crude rose 1.2% to $72.87 per barrel, while West Texas Intermediate crude futures rose 1.7% to $70.38. Vital Knowledge analyst Adam Crisafulli noted that both sides are unwilling to fully resume hostilities, and the overall process may still trend toward continued easing **\[Precious Metals\]** Spot gold fell 1.75% to $4,016.45; spot silver slightly rose to $58.293. **\[Macroeconomic News\]** **Iran's Deputy Foreign Minister emphasizes that ships must pass through the Strait of Hormuz via the "Iranian route."** Iranian Deputy Foreign Minister Galibafadi emphasized in an interview on the evening of the 29th local time that all ships must pass through the Strait of Hormuz according to the "Iranian route," otherwise Iran will take countermeasures against the relevant vessels. Galibafadi stated in the interview that the delegations from Iran and Oman discussed issues such as the future management of the Strait during the first meeting of the joint working group on the Strait of Hormuz earlier that day. Iran is willing to negotiate with Oman on the "new arrangements" for the Strait but opposes the establishment of any other routes for passing through the Strait of Hormuz outside the "Iranian route," and has clearly communicated its position to Oman. If Oman "has no intention to participate in the new arrangements," Iran will decide on the management of the Strait of Hormuz on its own. **U.S. Strategic Petroleum Reserve inventory falls to the lowest level since 1983.** According to data from the U.S. Department of Energy, crude oil inventories in the Strategic Petroleum Reserve (SPR) decreased by 5.5 million barrels to 325.7 million barrels, marking the lowest level since May 1983. This inventory reduction is part of an agreement reached by the U.S. to release 172 million barrels of crude oil from the reserves to fill the gap in global inventories following the Iran conflict and help lower fuel prices. Due to strong U.S. crude oil exports and refining demand, U.S. crude oil inventories have rapidly declined in recent weeks. Since the outbreak of the conflict at the end of February, total U.S. inventories, including commercial stocks and the Strategic Petroleum Reserve, have decreased by 111.4 million barrels to 743.3 million barrels, the lowest level since 1984. **Bank of America: S&P 500 index expected to experience a "three-wave correction."** Paul Ciana, head of technical research at Bank of America, recently stated that investors should hedge against further rebounds in the S&P 500 index and prepare for a possible "three-wave correction" in the coming months. Ciana wrote that the S&P 500 index has risen nearly 17% since the March low, but the rally has shown signs of fatigue since the benchmark index reached a recent peak on June 2. He indicated that the S&P 500 index could drop to 6,850 points, about 7.6% lower than the current level. Ciana stated, "As the risk of a correction accumulates, the rebound following the U.S.-Iran ceasefire is becoming increasingly volatile." He noted that price movements appear "overstretched," and momentum is deteriorating, thus a "defensive stance" should be taken during July to September. **Federal Reserve Governor Cook: Pleased with the Supreme Court's ruling and will defend the independence of the Federal Reserve.** Federal Reserve Governor Cook stated, "This matter (mortgage fraud allegations) is not about the mortgage documents I signed before taking office as a Federal Reserve Governor. It is purely a conspiracy to attempt to remove me, with the excuse being entirely fabricated; the reason for targeting me is that I refuse to yield to political pressure and insist on making interest rate policy solely based on what is best for the American people. This is the fundamental duty of a Federal Reserve Governor. Today's ruling reaffirms a principle that supports sound economic management across generations: the Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference." "The Supreme Court has decided to uphold the lower court's order and confirmed the necessity of adhering to due process and having justifiable reasons; this decision recognizes that the independence of the Federal Reserve is crucial for achieving the 'price stability' and 'full employment' goals granted by Congress. I am deeply gratified by this ruling. As long as I serve at the Federal Reserve, I will continue to defend the principle of political independence and wholeheartedly serve all the American people." **【Individual Stock News】** **SpaceX (SPCX.US) helps the U.S. achieve a record total stock issuance in the first half of the year.** Fueled by record issuance activities from SpaceX and Google's parent company Alphabet (GOOG.US, GOOGL.US), Wall Street bankers are feeling optimistic, which has also boosted expectations for trading activities for the remainder of 2026. Data compiled by Bloomberg shows that as of June 26 this year, the total amount of U.S. IPOs (initial public offerings) and stock issuances reached a record $251 billion (excluding blank check companies and other investment vehicles). This figure has surpassed the highest half-year record set during the issuance boom in 2021. More transactions are in the pipeline, including IPOs that will continue in the coming weeks, as well as a potential massive financing deal by AI startup Anthropic PBC, which could take place as early as October. Other forms of financing, such as convertible bonds, are also expected to continue gaining momentum, as so-called "AI hyperscalers" are continuously seeking funds from investors to build the data centers and other infrastructure needed to support technological prosperity. **Strategy (MSTR.US) may cash out up to $1.25 billion in Bitcoin to safeguard cash flow.** The Bitcoin treasury company Strategy, led by Saylor, announced a comprehensive reform of its Bitcoin strategic pillar and financing model. As the structure that has driven its aggressive accumulation of Bitcoin faces increasing pressure over the years, the company has empowered itself with broader authority to sell this cryptocurrency, repurchase securities, and maintain liquidity for adaptation. The company stated that it may sell up to $1.25 billion in Bitcoin to bolster its cash reserves and has set up a repurchase plan of up to $1 billion for both common and preferred stocks. Strategy also indicated that it will become more disciplined when issuing common stock, especially when its stock price is at or near the value of the Bitcoin it holds ### Related Stocks - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [MST.US](https://longbridge.com/en/quote/MST.US.md) - [SMST.US](https://longbridge.com/en/quote/SMST.US.md) - [MSTP.US](https://longbridge.com/en/quote/MSTP.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [MSTX.US](https://longbridge.com/en/quote/MSTX.US.md) - [WNTR.US](https://longbridge.com/en/quote/WNTR.US.md) - [MSTU.US](https://longbridge.com/en/quote/MSTU.US.md) - [MSTZ.US](https://longbridge.com/en/quote/MSTZ.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [MSTW.US](https://longbridge.com/en/quote/MSTW.US.md) - [MSOO.US](https://longbridge.com/en/quote/MSOO.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [IMST.US](https://longbridge.com/en/quote/IMST.US.md) - [MSDD.US](https://longbridge.com/en/quote/MSDD.US.md) - [MSST.US](https://longbridge.com/en/quote/MSST.US.md) - [MSTY.US](https://longbridge.com/en/quote/MSTY.US.md) - [MTYY.US](https://longbridge.com/en/quote/MTYY.US.md) - [07799.HK](https://longbridge.com/en/quote/07799.HK.md) - [09399.HK](https://longbridge.com/en/quote/09399.HK.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [WDCX.US](https://longbridge.com/en/quote/WDCX.US.md) - [STX.US](https://longbridge.com/en/quote/STX.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [.HXC.US](https://longbridge.com/en/quote/.HXC.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [J.P. 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