--- title: "Overnight news on August 1: U.S. stocks closed higher, Amazon surged over 15%, U.S. officials say Trump has ordered a new round of attacks on Iran" type: "News" locale: "en" url: "https://longbridge.com/en/news/294562081.md" description: "On August 1st, U.S. stocks closed higher, with Amazon soaring over 15% due to strong earnings reports, and all three major indices posted weekly gains. Most Chinese concept stocks rose, with Alibaba up 5.09%. On the macro front, U.S. officials stated that Trump ordered a new round of attacks on Iran, escalating tensions in the Middle East and driving up oil prices. Tech giants are competing in AI, with spending commitments exceeding $2 trillion, and the combined market value of Alphabet, Amazon, and Microsoft increased by nearly $1.5 trillion" datetime: "2026-07-31T22:59:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294562081.md) - [en](https://longbridge.com/en/news/294562081.md) - [zh-HK](https://longbridge.com/zh-HK/news/294562081.md) --- # Overnight news on August 1: U.S. stocks closed higher, Amazon surged over 15%, U.S. officials say Trump has ordered a new round of attacks on Iran **Market** **Closing on August 1: U.S. stocks closed higher, Amazon surged over 15%, all three major indices recorded gains this week** **Top 20 U.S. stock transactions on August 1: Amazon's strong earnings report led to a stock price surge of over 15%** **On August 1, most popular Chinese concept stocks rose, with Alibaba up 5.09% and JD.com up 2.17%** **Commodity Overview: Oil prices rose, copper prices slightly fell, gold prices declined** European stock markets narrowed monthly gains, Novo Nordisk and Universal Music plummeted **Macro** U.S. officials say Trump has ordered a new round of attacks on Iran Trump denies allowing Ukraine to produce "Patriot" interceptors U.S. Central Command: 30 commercial ships have changed their sailing routes Iran claims to have closed the Strait of Hormuz, U.S. Central Command denies Trump says he is losing confidence in Iran's negotiating representatives, Middle East conflicts may continue Minnesota suffers a cyber attack, Trump blames the governor rather than Iran A U.S. military F-35 stealth fighter jet had an accident and caught fire, pilot ejected Houthi forces announced they would continue to block Saudi ships, causing 8 oil tankers to change course The daily ship traffic in the Strait of Hormuz has dropped to 5 vessels Iran claims navigation through the Strait of Hormuz is now "impossible" Italy, France, and Germany take measures to address the Spanish enclave immigration crisis Meloni: Italy suspends the Schengen Agreement with Spain **Company** The four major U.S. tech giants compete for AI spending commitments totaling over $2 trillion Reports: OpenAI finds evidence of other AI entities breaking isolation Alphabet, Amazon, and Microsoft saw a combined market value increase of nearly $1.5 trillion this week Supply chain legend Tim Cook finally faces a challenge—Apple's memory crisis Shrinking cash and soaring memory costs: The high price of AI construction for tech giants SpaceX rocket debris is about to crash into the moon, which could provide samples for lunar impact research Middle East war drives up oil prices, U.S. oil giants ExxonMobil and Chevron report Q2 profits of $26.5 billion Accenture partners with IBM to build a long-term technology partnership with UOB Amazon's earnings report reshapes the AI spending debate: Strong returns support massive investments **Commentary** **CFTC: Ahead of the Federal Reserve's decision, traders' bullish bets on the dollar rise to the highest level since 2014** **Emerging market stocks post the largest gains since 2008, ending a turbulent week** **"Spider-Man: A New Day" sets a North American pre-sale box office record with $72 million** **Walsh considers reducing the number of Federal Reserve meetings** **U.S.-Japan cooperation supports the yen, currency market intervention may become the new norm** **Yen strengthens as New York Fed inquires about key exchange rates from major U.S. banks** **U.S. bond market: U.S. Treasuries under pressure and falling as European bond sell-off combines with rising oil prices** **Canadian government approves large nickel mining project in northern Ontario, part of Ottawa's push for major project construction** **Analysis: The market hears dovish remarks from Kashkari, but his own words suggest a possible rate hike** **Warning against inaction: Dallas Fed President cautions that failing to act makes it difficult to achieve the 2% inflation target** ### Related Stocks - 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