Overnight US stocks | Tariff prospects still full of variables, three major indexes rise, Apple Inc. (AAPL.US) increases by 2.21%.

On Monday, the three major indices opened higher but closed higher. The US government announced on Friday that it would temporarily not impose tariffs on some consumer electronics products, boosting market sentiment. However, on the 13th, US President Trump stated that the US government did not announce any tariffs "exemptions", and the related products were only shifted to another tariff category. [US Stocks] At the close, the Dow rose 312.08 points, or 0.78%, to 40524.79; the Nasdaq rose 107.03 points, or 0.64%, to 16831.48; the S&P 500 rose 42.61 points, or 0.79%, to 5405.97. NVIDIA Corporation (NVDA.US) fell 0.2%, Tesla, Inc. (TSLA.US) rose 0.02%, Apple Inc. (AAPL.US) rose 2.21%, and Palantir (PLTR.US) rose 4.6%. [European Stocks] The Germany DAX30 index rose 2.85%; the UK FTSE 100 index rose 2.14%; the France CAC 40 index rose 2.37%; the Europe Stoxx 50 index rose 2.59%; the Spain IBEX35 index rose 2.64%; the Italy FTSE MIB index rose 2.88%. [Asia-Pacific Stock Market] The Nikkei 225 index rose by 1.18%, the Korea KOSPI index rose by 0.95%, and the Indonesia Composite index rose by 131.7%. [Forex] The US dollar index against six major currencies fell by 0.46% on the day, closing at 99.640 in the forex market. At the close of the New York forex market, 1 euro exchanged for 1.1346 US dollars, higher than the previous trading day's 1.1312 US dollars; 1 pound exchanged for 1.3189 US dollars, also higher than the previous trading day's 1.3060 US dollars. 1 US dollar was equivalent to 143.04 Japanese yen, lower than the previous trading day's 143.81 Japanese yen; 1 US dollar was equivalent to 0.8144 Swiss francs, lower than the previous trading day's 0.8170 Swiss francs; 1 US dollar was equivalent to 1.3872 Canadian dollars, lower than the previous trading day's 1.3889 Canadian dollars; 1 US dollar was equivalent to 9.7737 Swedish krona, lower than the previous trading day's 9.7920 Swedish krona. [Cryptocurrency] Bitcoin rose by over 1.2%, reaching $84,709.16, while Ethereum rose by over 1.8%, reaching $1624.69. [Metals] Spot gold fell by 0.83% to $3210.76 per ounce, mostly in a downtrend throughout the day, hitting a high of $3245.75 at 10:10 Beijing time. COMEX gold futures fell by 0.59%, ending the trend of three consecutive trading days of gains, closing at $3225.30 per ounce, falling from last Friday's record high of $3263.00. [Crude Oil] As of the close of the day, NYMEX light crude oil futures for May delivery rose by 3 cents to $61.53 per barrel, a increase of 0.05%; Brent crude oil futures for June delivery rose by 12 cents, closing at $64.88 per barrel, an increase of 0.19%. [Macro News] Former US Treasury Secretary Yellen: Trump's policies weaken trust in US and dollar assets. Former US Treasury Secretary Yellen stated on Monday that she is concerned that President Trump's tariffs and other policies are weakening trust in the US commitments from allied countries, causing some investors to avoid US assets. Yellen told the media that the surge in US bond yields last week is worrying, considering the traditional status of US bonds as safe-haven assets, this situation has raised doubts about the "cornerstone of the global financial system - the security of US bonds." Yellen stated that she was pleased to see good results in last week's 10-year and 30-year US bond auctions, but she does not recommend turning to issuing more short-term bonds to address the rise in long-term bond yields. She added that issuing bonds regularly and predictably to meet market demand is very important. She said: "So just because you're worried about rising long-term rates, turning to short-term bonds issuance is not a wise financing strategy." Trump plans to impose tariffs on chips and drugs. The Trump administration has initiated a Commerce Department-led investigation, taking a decisive step towards imposing tariffs on semiconductor and drug imports. As a prelude to imposing tariffs, Monday's actions could potentially expand Trump's comprehensive trade war. In two notices published in the Federal Register, the US Department of Commerce stated that it will investigate the "import of semiconductors and semiconductor manufacturing equipment" and the "drugs and drug components, including finished drugs," to assess the impact on US national security. US Treasury Secretary Besent says taxing the wealthy is "all possible." US Treasury Secretary Scott Besent stated that the Republicans are considering all options to fulfill President Trump's tax cut promises made during the campaign, including increasing taxes on wealthy Americans. "We will look at where the president is on the issue," Besent said in an interview during his trip to Argentina on Monday. "Everything is on the table." Besent stated that he and his government and congressional colleagues are working on legislation that would "refine parts" of the corporate tax cuts and may expand Trump's 2017 tax cuts, many of which are set to expire at the end of the year. Besent said, "We have reached a broad consensus, and we will build on this." Earlier this month, reports suggested that the Republicans are considering a new tax bracket for those earning $1 million or more. The worsening economic outlook has added pressure to lawmakers to accelerate tax negotiation. China buys 29.1 tons of gold ETF in 11 days. Data from the World Gold Council (WGC) shows that as of April, the inflow of investments into physical gold ETFs in China has exceeded the total inflow in the first quarter and surpassed the inflow of gold ETFs in the US. Reed, a senior market strategist at the World Gold Council, stated on social media on Monday that China National Gold Group Gold Jewellery ETF holdings increased by 29.1 tons in the first 11 days of April. In comparison, the inflow in the first quarter was 23.5 tons. "If the gold flows related to US tariffs and purchases of Western ETFs were the main factors influencing the first quarter of this year, then the theme of the second quarter may be completely different, with a sharp increase in Chinese investors' interest in gold," he said. Data shows that although trading activity in gold ETFs listed in the US was leading in the first quarter, as of April, net inflows into these ETFs lag behind China at 27.8 tons.Goldman Sachs Group, Inc. believes that tariffs will reduce employment in the United States. One of the many established goals of the Trump administration's tariff system is to increase employment in the US manufacturing sector. Economists at Goldman Sachs Group, Inc. wrote that this is a reasonable outcome, but their conclusion is that this growth may be overshadowed by the decline in employment in other industries. Goldman Sachs Group, Inc. reviewed previous academic studies. Most researchers found that for every 10 percentage point increase in tariff rates, employment in protected industries would increase by 0.2% to 0.4%. However, other industries would be harmed. Goldman Sachs Group, Inc. wrote that in terms of the size of the US economy, the impact "means that tariff protection has increased manufacturing employment by nearly 100,000 people, but the drag on downstream employment due to input cost pressures is about 500,000 people." Stock News Netflix (NFLX.US) plans to join the trillion-dollar club by 2030. Reports indicate that Netflix's goal is to achieve a market value of $1 trillion by 2030 and double its revenue, reflecting its growing influence as the world's largest streaming company. Sources revealed that at last month's annual business review meeting, Netflix's goal was to double its revenue from last year's $39 billion base by 2030, and increase global advertising sales to around $9 billion. Sources said that as of the end of last year, the company had 301.63 million users worldwide, and it hopes to have around 410 million users by the end of 2030. Following the announcement, Netflix (NFLX.O) stock rose approximately 2% after hours. NVIDIA Corporation (NVDA.US) responds to Trump's call for manufacturing return, plans to produce $500 billion AI devices in the US. NVIDIA Corporation plans to produce AI infrastructure worth up to $500 billion in the United States over the next four years through partnerships with other companies. NVIDIA Corporation stated in a release on Monday that its latest generation AI chip "Blackwell" has begun production at a new factory in Phoenix, Arizona, owned by Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. Huang Renxun stated in the release, "Increasing manufacturing capacity in the United States helps us better meet the staggering, growing demand for AI chips and supercomputers, strengthen supply chains, and enhance resilience." The $500 billion figure refers to the total value of all goods NVIDIA Corporation expects to sell to the AI supply chain. This amount largely reflects the commitments of major cloud computing companies to build and upgrade data centers and deploy the latest equipment. NVIDIA Corporation also stated that this will mark the first time that AI supercomputers are produced domestically in the United States, a move that President Trump praised on Monday. Major Bank Ratings Citi: Lowers the target price for Amazon.com, Inc. (AMZN.US) from $273 to $225.