Overnight US stocks | Non-farm data significantly revised downward, igniting risk sentiment, all three major indexes hit new highs. Oracle Corporation (ORCL.US) rose 27% after hours.

On Tuesday, all three major indices hit historic high closes. The US nonfarm payroll growth data was significantly revised downwards, indicating that the US economy's foundation is more fragile than expected, increasing the pressure on the Fed to cut interest rates. [America Stocks] At the close, the Dow rose 196.64 points, or 0.43%, to 45,711.59 points; the Nasdaq rose 80.79 points, or 0.37%, to 21,879.49 points; and the S&P 500 rose 17.50 points, or 0.27%, to 6,512.65 points. The Nasdaq hit a high of 21,891.42 points, reaching a new intraday high. Apple Inc. (AAPL.US) fell 1.4%, Alphabet Inc. Class C (GOOG.US) rose over 2%, and NVIDIA Corporation (NVDA.US) rose over 1%. The Nasdaq Golden Dragon Index closed up 1.48%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose 4.1%, and JD.com, Inc. Sponsored ADR Class A (JD.US) rose 3%. [European Stocks] The Germany DAX30 index fell 112.40 points, or 0.47%, to 23,711.70 points; the UK FTSE 100 index rose 18.26 points, or 0.20%, to 9,239.70 points; the France CAC40 index rose 14.55 points, or 0.19%, to 7,749.39 points; the Europe Stoxx 50 index rose 4.94 points, or 0.09%, to 5,367.75 points; the Spain IBEX35 index rose 6.44 points, or 0.04%, to 15,017.24 points; and the Italy FTSE MIB index rose 257.31 points, or 0.62%, to 41,981.00 points. [Oil] Light crude oil futures for October delivery on the New York Mercantile Exchange rose $0.37 to close at $62.63 per barrel, up 0.59%; Brent crude oil futures for November delivery rose $0.37 to close at $66.39 per barrel, up 0.56%. On Tuesday, Israel launched unprecedented attacks on Hamas leadership in Doha, the capital of Qatar, which severely impacted the US-backed normalization process with Gulf Arab states and could lead to a stalemate in Gaza ceasefire negotiations. The attack targeted the Hamas leadership in Palestine but took place on Qatari soil, signaling a sharp escalation in Israel's warlike posture with past airstrikes on Syria, Lebanon, and Iran in the past year. [Forex] The US dollar index against six major currencies rose 0.34% to close at 97.789 in the foreign exchange market. At the close of the New York foreign exchange market, 1 euro exchanged for $1.1706, lower than the previous trading day's $1.1761; 1 pound exchanged for $1.3523, lower than the previous trading day's $1.3553. 1 dollar exchanged for 147.40 yen, lower than the previous trading day's 147.46 yen; 1 dollar exchanged for 0.7977 Swiss francs, higher than the previous trading day's 0.7933 Swiss francs; 1 dollar exchanged for 1.3847 Canadian dollars, higher than the previous trading day's 1.3814 Canadian dollars; 1 dollar exchanged for 9.3823 Swedish kronor, higher than the previous trading day's 9.3586 Swedish kronor. [Cryptocurrency] Bitcoin fell by 0.65% to $111,323.31, while Ethereum fell by 0.18% to $4,301.21. [Gold] Spot gold fell during the day, dropping over $40 from its daily high to close at $3,626.86. Macro News US jobs data significantly revised downwards to add only 911,000 jobs as of March. The US government said on Tuesday that over the past 12 months to March of this year, the US economy may have added 911,000 fewer jobs than previously estimated, indicating a slowdown in job growth before Trump implemented tough tariffs on imported goods. Economists had expected the Bureau of Labor Statistics (BLS) to revise down job levels by 400,000 to 1 million positions for the period April 2024 to March 2025. Earlier, job levels for April 2023 to March 2024 had already been revised down by 598,000 positions. This latest revision comes shortly after the news last Friday that job growth in August was nearly stagnant, with the first job decline in four and a half years in June. In addition to trade policy uncertainties, the labor market is also under pressure from the White House's strict immigration policies, weakening labor supply. Meanwhile, companies are turning to artificial intelligence tools and automation, suppressing demand for labor. Economists believe that the downward revision of job growth data will not have a significant impact on monetary policy. The Fed is expected to resume interest rate cuts next Wednesday, having paused the easing cycle in January due to uncertainty over tariffs. US Supreme Court to hear Trump tariff case, with debate scheduled for early November. The US Supreme Court on Tuesday agreed to rule on the legality of Trump's imposition of global tariffs. Lower courts had ruled that most of the tariffs imposed by Trump were overreaching, rendering them invalid. Following a request from the Trump administration last week for the Supreme Court to review the case, the court swiftly took action. The Supreme Court will expedite the case, with oral arguments scheduled for the first week of November. Judges also agreed to hear another challenge to Trump's tariffs brought by the toy company Learning Resources. Individual Stock News Oracle Corporation raises cloud infrastructure revenue forecast for the fiscal year, surges after hours. Oracle Corporation (ORCL.US) announced on Tuesday that due to the growing demand for its cloud services from AI companies, it expects its Oracle Corporation Cloud Infrastructure (OCI) business revenue to grow by 77% this year, higher than the previous estimate of 70%, causing its stock price to surge by 27% after hours. The company is actively investing in building data centers to support the growth of its Oracle Corporation Cloud Infrastructure solutions. Analysts say that although OCI's base is small, its growth rate is faster than its large-scale peers, and it may seize market share from its peers. Oracle Corporation also stated that it signed deals worth billions of dollars with three different clients in the first quarter, helping the company's revenue grow by 12% to $14.93 billion. Apple Inc. officially launches the iPhone 17 series. Apple Inc. (AAPL.US) officially launched the iPhone 17 series at its fall event, with reports stating that the iPhone 17 is powered by the A19 chip manufactured on a 3nm process. With the new A19 chip, the iPhone 17 offers faster performance and higher energy efficiency. Apple Inc. stated that with the new chip, the speed of running large language models on the device has been further accelerated. The chip features a 6-core CPU and 5-core GPU, with a 20% performance increase over the A18 chip. In terms of the camera, the iPhone 17 features a 48MP main camera and a 12MP telephoto camera. NVIDIA Corporation unveils new chip system to aid AI video and software generation. NVIDIA Corporation (NVDA.US) has announced plans to release a new product named Rubin CPX aimed at handling complex tasks like video generation and software development, with its chips and systems at the core of the AI computing boom. NVIDIA Corporation stated that the Rubin CPX product will be launched by the end of 2026. It will take the form of a card that can be embedded in existing server computer designs or used as a standalone computer capable of running parallel to other hardware in data centers. Major Bank Ratings Wade Bush: With the tariff issue under control through supply chain adjustments, Apple Inc.'s (AAPL.US) main challenge now lies in its lagging artificial intelligence strategy. It is recommended that Apple Inc. seeks partners or acquires Perplexity and is expected to deepen cooperation in the field of artificial intelligence with Alphabet Inc. Class C Gemini after recent antitrust rulings. Maintains an "outperform" rating on Apple Inc. with a target price of $270.