Overnight news on August 4: U.S. stocks closed higher, oil prices fell, the U.S. and Iran had differing statements, Amazon reached a new high, and Trump criticized ExxonMobil and Chevron
Complete. Here is the key summaryOn August 4th, U.S. stocks closed higher, with the Dow Jones reaching a new closing high and Amazon's market value surpassing $3 trillion. Oil prices fell due to signals from U.S.-Iran negotiations. Trump criticized ExxonMobil and Chevron's soaring profits and pushed for negotiations with Iran. Visa acquired BioCatch to strengthen AI fraud prevention. Several U.S. states filed lawsuits regarding tariffs, and the Treasury Department raised its borrowing estimates
Market
Closing on August 4: U.S. stocks closed higher with technology stocks leading the way, the Dow Jones reached a record closing high.
Top 20 U.S. stock transactions on August 4: Amazon hit an all-time high, market value surpassed $3 trillion.
On August 4, most popular Chinese concept stocks rose, Alibaba up 4.11%, Li Auto down 3.74%.
Commodity overview: Oil prices fell, zinc prices retreated, gold prices slightly increased.
European stock markets tested new highs, with consumer goods and retail sectors leading the gains.
Macro
The U.S. and Iran are speaking at cross purposes, Trump claims negotiations are Tehran's "last chance" before a decapitation.
Trump: Negotiations with Iran are ongoing and will be advanced in two phases.
Multiple U.S. states have filed lawsuits regarding Trump's latest tariffs.
The U.S. Treasury has raised its quarterly borrowing estimate to $739 billion.
Iran stated it will not allow any passage through the Strait of Hormuz except for Iranian routes.
Company
The White House plans to convene giants like OpenAI and Anthropic to discuss AI model safety testing frameworks.
Southwest Airlines launched new business travel products and booking options.
"Spider-Man: A New Day" global premiere set a box office record for CJ 4DPLEX.
Visa spent $2.4 billion to acquire BioCatch, enhancing its AI anti-fraud capabilities.
Trump criticized ExxonMobil and Chevron for soaring profits during the Iran war.
Commentary
The yen remained stable during U.S. trading hours after a sharp rise raised intervention speculation again.
August 4 external headlines: Trump claims negotiations are Tehran's "last chance," criticizes ExxonMobil and Chevron, Amazon's market value surpasses $3 trillion.
Crude oil: Oil prices fell, U.S.-Iran negotiation signals eased supply concerns.
U.S. stock market: S&P 500 index approached historical highs, easing U.S.-Iran tensions boosted sentiment.
TD Securities: Intervention momentum may briefly push USD/JPY down to 153.
Egypt, Qatar, and Turkey issued a joint statement condemning Israel's violations in Gaza.
U.S. bond market: U.S. Treasuries maintained their upward trend, Trump's delay in military action against Iran pushed oil prices down.
Iran: The U.S. must take the first step and change its behavior.
New York foreign exchange market: The yen continued its upward trend, USD/JPY continued to signal support.
Iranian senior officials: No non-Iranian routes will be allowed in the Strait of Hormuz.
Castle Securities predicts a $500 billion wave of large-scale debt financing in the chip sector