Overnight US stocks | The three major indexes rise, gold and silver break through their peaks, and Intel Corporation (INTC.US) falls more than 10% after hours.

On Thursday, the three major indexes rose, driven by the easing political tensions at GEO Group Inc, strong performance of large tech stocks, and robust economic data. [American Stock Market] At the close, the Dow Jones rose 306.78 points, or 0.63%, to 49,384.01 points; the Nasdaq rose 211.2 points, or 0.91%, to 23,436.02 points; the S&P 500 index rose 37.73 points, or 0.55%, to 6,913.35 points. New stock BitGo Holdings (BTGO.US) closed up 2.72%, Netflix (NFLX.US) fell 2%, Micron Technology, Inc. (MU.US) rose 2%, and Novo Nordisk A/S Sponsored ADR Class B (NVO.US) rose nearly 5%. The Nasdaq Golden Dragon Index rose 1.6%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose 5%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose 3.2%. After Intel Corporation (INTC.US) announced its latest financial report, its stock price fell more than 10% in after-hours trading. [Euro Stock Market] The German DAX30 index rose 275.31 points, or 1.12%, to 24,853.12 points; the UK FTSE 100 index rose 6.61 points, or 0.07%, to 10,144.70 points; the French CAC40 index rose 79.72 points, or 0.99%, to 8,148.89 points; the Euro Stoxx 50 index rose 71.27 points, or 1.21%, to 5,954.15 points; the Spanish IBEX35 index rose 214.20 points, or 1.23%, to 17,665.60 points; the Italian FTSE MIB index rose 595.14 points, or 1.34%, to 45,083.50 points. [Cryptocurrency] Bitcoin fell below the $90,000 mark, fluctuating between $88,500 and $90,000; Ethereum dropped below $3,000, trading at $2,948.48. [USD Index] The US Dollar Index, measuring the dollar against six major currencies, fell 0.41% to close at 98.359 in the currency market before closing. At the close of the New York currency market, 1 euro was exchanged for $1.1744, up from the previous trading day's $1.1682; 1 pound was exchanged for $1.3491, up from the previous trading day's $1.3415. 1 US dollar was exchanged for 158.40 yen, down from the previous trading day's 158.50 yen; 1 US dollar was exchanged for 0.7901 Swiss francs, down from the previous trading day's 0.7964 Swiss francs; 1 US dollar was exchanged for 1.3792 Canadian dollars, down from the previous trading day's 1.3827 Canadian dollars; 1 US dollar was exchanged for 9.0102 Swedish krona, down from the previous trading day's 9.1111 Swedish krona. [Metal] Spot gold continued to rise, breaking through $4900 per ounce, rebounding nearly $130 from the daily low and hitting a new historical high. Spot gold started the new year strongly, with a gain of 13% this month, nearly $600 higher. Spot silver reached $96 per ounce, hitting a new record high, with a 3.15% increase during the day. [Crude Oil] Oil prices fell in March as crude oil inventories increased and signs of progress in Russia-Ukraine talks put pressure on oil prices. WTI crude oil fell 2.1%, settling at $59.36 per barrel. Brent crude oil for March fell 1.8% to $64.06 per barrel. [Macro News] The US GDP for the third quarter was slightly revised to 4.4%. The growth rate of the US economy in the third quarter was slightly higher than initially reported, thanks to strong export growth and reduced drag from inventory factors. The latest data show that the real GDP for the third quarter, adjusted for inflation, reached an annualized rate of 4.4%, the fastest growth rate in two years. This is one of the strongest two consecutive quarters of growth since 2021, as the economy continued to recover from the pandemic. After the rush to buy goods before the large-scale tariffs imposed by Trump at the beginning of the year, businesses slowed down their imports of goods. However, despite the fluctuating trade policies, consumer and business spending remained strong. With strong economic growth, a stabilizing job market, and inflation rates still above the Fed's target, policymakers are expected to keep interest rates unchanged at next week's meeting. Initial claims for unemployment benefits in the US remained relatively stable, indicating limited layoffs. Last week, initial claims for unemployment benefits in the US remained relatively stable at a low level compared to the fluctuation during the holiday season. According to data released by the US Department of Labor on Thursday, as of January 17, the number of initial claims for unemployment benefits increased by 1,000 to 200,000. The number of continued claims for unemployment benefits dropped to 1.85 million last week, the lowest level since November. Typically, in the last few weeks of the year, initial claims for unemployment benefits show fluctuation, which is normal during the holiday season. However, the latest weekly data show that the characteristics of the labor market are still limited in terms of layoffs. Consumer spending in the US continues to grow steadily. Consumer spending in November continued to increase steadily, highlighting the resilience of consumers at the beginning of the holiday shopping season. Data shows that inflation-adjusted consumer spending increased for the second consecutive month by 0.3%. Although concerns about the labor market and the cost of living remain, this report shows little sign of fatigue among US consumers. On the contrary, the latest data show that supported by rising wages, personal spending continues to drive economic growth in the fourth quarter. Personal spending in November was mainly driven by an increase in spending on goods, the strongest growth since July, which covered areas such as cars, clothing, and gasoline. Service spending slowed down compared to the previous month, partly due to a decrease in healthcare spending. The market is betting on Rick Rieder, a top executive at BlackRock, Inc., as a popular candidate for the Federal Reserve Chairman. According to reports, traders in the prediction market are betting on Rick Rieder, a top executive at BlackRock, Inc., as a significantly increasing candidate to be the next leader of the Federal Reserve. On Thursday morning, on the Polymarket platform, Rieder was given a 30% chance of being chosen by Trump as the next Federal Reserve Chairman, second only to former Fed Governor Kevin Warsh's 45%. Ten days ago, Rieder's probability in the market was only 3%. His rise in support mainly came at the expense of White House economist Hassett. Hassett led the bets last month (peaking at 85% on December 2), but is now down to 6%. Greenland chooses Denmark and the EU, ready to welcome a larger military presence. On January 22, local time, Greenland's autonomous government Prime Minister Jens-Fredrik Nielsen announced at a press conference in Nuuk, the capital of this Danish autonomous territory, that Greenland chooses the Kingdom of Denmark and the EU. Nielsen reiterated that sovereignty and territorial integrity are inviolable red lines. He stated that no one other than Greenland and Denmark have the right to reach agreements between Greenland and Denmark. He stated that the Greenlandic autonomous government is prepared to welcome a larger military presence on the island. He stated, "We hope to strengthen security in the Arctic region through a series of important measures, including establishing a more permanent NATO delegation in Greenland and increasing military presence and exercise activities." [Stock News] Musk: Tesla, Inc.'s humanoid Siasun Robot & Automation expected to be sold to the public by the end of 2027. Elon Musk said on Thursday that Tesla, Inc. (TSLA.US) is expected to sell the humanoid Siasun Robot & Automation to the public by the end of 2027. Musk stated that Tesla, Inc.'s humanoid Siasun Robot & Automation is already performing "simple tasks" at factories. He announced at the World Economic Forum in Davos that the company will release the humanoid Siasun Robot & Automation to the market when it is "extremely reliable, extremely safe, and has a very wide range of functions." His vision is that, "basically, you can ask it to do anything you want." Musk reiterated his belief in the importance of humanoid assistants in the future. He said there would be a situation where there are "more Siasun Robot & Automation than humans on earth," and "I think everyone on earth will have one and everyone will want one." Trump sues JPMorgan Chase for closing his accounts for political reasons, seeking $5 billion in damages. U.S. President Trump filed a lawsuit on Thursday against JPMorgan Chase (JPM.US) and its CEO Dimon, seeking at least $5 billion in damages, alleging that the Financial Institutions, Inc. closed his accounts for political reasons. The lawsuit filed on Thursday alleges that the bank engaged in commercial defamation and violated implied contracts. The lawsuit also alleges that Dimon violated Florida's Deceptive and Unfair Trade Practices Act. In response, JPMorgan Chase stated that it does not close accounts for political or religious reasons. Previously, in efforts to stop banks from refusing to provide financial services to customers for ideological reasons, Trump had repeatedly mentioned JPMorgan Chase by name. The lawsuit alleges that JPMorgan Chase closed Trump's and his businesses' accounts about seven weeks after Trump supporters stormed the U.S. Capitol on January 6, when Trump had already left office and had lower political influence. According to the lawsuit, JPMorgan Chase informed Trump of the closure of his accounts without any warning or cause, causing significant financial and reputational damage. Apple Inc.'s hardware chief Turner takes over the core design team, becoming a top candidate to succeed Cook. Apple Inc. (AAPL.US) has expanded the scope of responsibilities of senior vice president of hardware engineering Turner to include design work, further solidifying his position as a leading candidate to eventually succeed Chief Executive Officer Tim Cook. According to sources familiar with the matter, Turner, who has been leading Apple Inc. since 2011 and turned 65 last year in November, was quietly appointed by Cook to manage the company's design team at the end of last year. At Apple Inc., design responsibilities have special significance. The role of overseeing hardware and software design, which has long been held by senior leaders, has been instrumental in the company's success. Since the days of Steve Jobs, the success of the company has always been closely linked to the appearance and user experience of its products. According to sources, Turner is currently referred to within Cook's management team as the "executive in charge of all design work." This means that he needs to be the bridge between design staff and top executives at Apple Inc. Alphabet Inc. Class C introduces personalized search service, allowing the optimization of results by invoking email and album information. Alphabet Inc. Class C (GOOG.US) is introducing a new personalized search option that customizes search results by using user data from other applications of this tech giant, the latest move to maintain a lead over competitors like OpenAI. This new feature is part of a service called "Personal Intelligence," which allows users to choose to use their data from their Gmail and Google Photos accounts to optimize search results in an AI-driven search mode. Alphabet Inc. Class C stated that, for example, when searching for travel itineraries, the system may combine hotel booking information from emails and photos from past trips to provide recommendations more tailored to individual needs. [Major Rating Agencies] Mizuho Securities lowered the target stock prices of multiple technology companies, lowering the target price of Atlassian (TEAM.US) from $245 to $225, Cloudflare (NET.US) from $280 to $255, and Microsoft Corporation (MSFT.US) from $640 to $620.