Overnight US stocks | Three major indices do not rise and fall uniformly, the Nasdaq continues to fall by nearly 1%, Marvell Technology, Inc. (MRVL.US) falls by 7.6%.

On Tuesday, the three major stock indexes rose and fell differently, with the U.S. stock market experiencing extreme volatility today. Stock indexes opened higher, but later saw selling in the midday session, with the Nasdaq falling more than 3% at one point before recovering some lost ground near the end of the session. In a sudden turn of events in the Middle East, the U.S. Central Command stated that U.S. Central Command forces launched a defensive strike against Iran at 5:00 p.m. Eastern Time today in response to the shooting down of a U.S. Army Apache helicopter yesterday. This mission was a retaliatory response to Iran's unwarranted aggression. Iran has stated that they will strongly respond to the aggressive actions taken by the U.S. using the excuse of the Apache helicopter crash. The Iranian Revolutionary Guard will provide a strong response in a short period of time. Following this news, WTI crude oil opened higher by 0.8% on Wednesday, now trading at $90.28 a barrel. [US Stocks] As of the close of trading, the Dow Jones gained 86.1 points, or 0.17%, to close at 50872.11 points; the Nasdaq fell 250.84 points, or 0.97%, to close at 25678.82 points; the S&P 500 Index fell 19.08 points, or 0.26%, to close at 7386.65 points. Marvell Technology, Inc. (MRVL.US) fell 7.6%, Qualcomm (QCOM.US) fell 5.6%, and Tesla, Inc. (TSLA.US) fell 3%. The Nasdaq China Golden Dragon Index fell 0.39%. [European Stocks] The German DAX30 Index fell 218.10 points, or 0.89%, to 24423.75 points; the UK FTSE 100 Index fell 141.59 points, or 1.36%, to 10231.61 points; the French CAC40 Index rose 4.14 points, or 0.05%, to 8203.43 points; the Euro Stoxx 50 Index fell 10.84 points, or 0.18%, to 6051.45 points; the Spanish IBEX35 Index fell 44.77 points, or 0.25%, to 18178.33 points; the Italian FTSE MIB Index rose 68.37 points, or 0.14%, to 50276.50 points. [Asian Stock Markets] The Nikkei 225 Index rose by 2.17%, the South Korean Composite Stock Price Index rose by 8.18%, and the Indian Sensex Index rose by 0.54%. [US Dollar Index] The US Dollar Index, which measures the dollar against six major currencies, fell 0.13% on the day to close at 99.909 in the currency market. At the close of the New York foreign exchange market, 1 euro exchanged for 1.1550 U.S. dollars, higher than the previous trading day's 1.1528 U.S. dollars; 1 pound exchanged for 1.3388 U.S. dollars, higher than the previous trading day's 1.3339 U.S. dollars. 1 U.S. dollar exchanged for 160.36 Japanese yen, higher than the previous trading day's 160.26 Japanese yen; 1 U.S. dollar exchanged for 0.7979 Swiss francs, unchanged from the previous trading day; 1 U.S. dollar exchanged for 1.3952 Canadian dollars, lower than the previous trading day's 1.3956 Canadian dollars; 1 U.S. dollar exchanged for 9.4603 Swedish kronor, higher than the previous trading day's 9.4401 Swedish kronor. [Cryptocurrency] Bitcoin fell by 2.6% to $61,812.2, while Ethereum fell by over 3% to $1,652. [Crude Oil] International oil prices fell significantly on the 9th. At the close of trading that day, the price of light crude oil futures for July delivery on the New York Mercantile Exchange fell by $3.10 to close at $88.20 per barrel, a decrease of 3.4%; the price of Brent crude oil futures for August delivery fell by $2.80 to close at $91.45 per barrel, a decrease of 2.97%. [Precious Metals] Spot gold fell to $4,260.45 per ounce, while spot silver closed at $65.347 per ounce. [Macro News] Dowling Securities: U.S. May CPI expected to cool but remain high, limited downside to core inflation for the year. Dowling Securities expects that the May CPI report for the United States, to be released soon, will confirm that inflation is slowing down, but still persistently high. The agency predicts that the core CPI for May will decrease to 0.23% on a monthly basis and remain at 2.8% on an annual basis; the overall CPI will decrease to 0.4% on a monthly basis and increase to 4.2% on an annual basis. Looking at the breakdown, it is expected that the prices of goods in May will increase by 0.13% month-on-month, in line with the three-month average. Most of this increase in prices will come from core goods excluding automobiles, with categories such as household items and clothing seeing increases. The expected further decline in the price of used cars will partially offset this increase. In addition, the continued transmission of oil price shocks and tariff impacts are expected to push core inflation to around 3.0% year-on-year in June. If aviation fuel costs are passed on to ticket prices more than expected, there is an upside risk. Looking ahead to the second half of 2026, it is expected that core inflation will not show a significant decline. Core goods prices excluding automobiles will continue to show strength, while housing costs will tend to normalize at high levels. The results of the Federal Reserve Bank stress tests will be released on June 25th this month. The Federal Reserve announced that the results of the annual bank stress tests will be released at 4 a.m. Beijing time on June 25th. This year, a total of 32 large banks underwent stress tests by the Federal Reserve Board. The stress scenarios include a severe global recession, with increased pressures on both the commercial and residential real estate markets and corporate debt markets. These stress test results will not affect the capital requirements of large banks. The Board announced in February that it will maintain the current stress test capital buffer requirements until 2027, at which point new requirements will be calculated based on loss estimates models adopted through public feedback. U.S. April trade deficit narrows due to surge in exports. The U.S. trade deficit in April narrowed, with exports reaching their highest level in history, a trend that, if sustained, will help drive economic growth this quarter. Data released on Tuesday showed that the April trade deficit narrowed by 1.2% to $55.9 billion. March's data was revised to show a deficit of $56.6 billion, not the previously reported $60.3 billion. Economists had forecasted that the April trade deficit would narrow to $56.2 billion. Trade has dragged down GDP growth for two consecutive quarters. Anthropic releases the publicly available version of Mythos without network security features. Anthropic launched the public version of its Mythos model on Tuesday with restrictions in place that prohibit its use in high-risk areas such as cybersecurity. Anthropic stated that the new version, Claude Fable 5, is the strongest model the company has created to date for broader applications, with high praise for its performance in software engineering and data analysis. Anthropic had previously announced that Mythos had uncovered thousands of software vulnerabilities and, as a result, restricted the model's use to around 200 organizations, including the U.S. government, through its "Glasswing" program. Anthropic stated that extensive testing has been conducted to ensure users cannot manipulate Claude Fable 5 to bypass its guidelines and perform restricted operations. Dianne Penn, Product Manager of Anthropic's Research and Development Lab, stated that based on early customer feedback, Fable 5, while priced higher, has lower token consumption for task execution, thus reducing the overall cost of each task. Anthropic also announced that users with access to the preview version of Claude Mythos (i.e., the version without security features) will be able to upgrade to the brand new Claude Mythos 5. Both models are priced at $10 per million input tokens and $50 per million output tokens. U.S. existing home sales soar to highest level this year, surpassing market expectations. Existing home sales in the U.S. accelerated in May to the highest level this year, injecting optimism into the lackluster spring sales season. The latest data shows a 3.2% increase in the annualized monthly rate of existing home sales in May, with a total of 4.17 million households sold. Lawrence Yu, chief economist at the National Association of Realtors (NAR), stated, "More and more Americans are moving, and home sales have reached their highest level since last December. This is good news for the housing market and the economy." Canadian dollar falls to yearly low as market bets on Bank of Canada lagging behind major global central banks in rate hikes. The Canadian dollar fell to its lowest level since December last year on Tuesday, as the market expects the Bank of Canada to lag behind other major global central banks in rate hikes. The Canadian dollar fell to as low as 1 USD to 1.3969 CAD, hitting its lowest level this year. Meanwhile, oil prices, a key Canadian export commodity, fell below $90 per barrel. Additionally, market participants widely expect the Bank of Canada to maintain its benchmark rate unchanged at the latest rate decision on Wednesday. Pat Locke, an FX strategist at JPMorgan, stated, "There is a modest dovish risk for the Bank of Canada's rate decision. We tend to hold short positions on the Canadian dollar against the U.S. dollar." The Bank of Canada had stated after its meeting on April 29th that the current rate level "looks appropriate." Since then, the Canadian dollar has fallen by over 2% against the U.S. dollar, making it the worst-performing currency among G10 currencies. According to data from the U.S. Commodity Futures Trading Commission (CFTC), speculators have increased bearish bets on the Canadian dollar for three consecutive weeks. [Stock News] Alphabet Inc. Class C (GOOG.US, GOOGL.US) provides $35 billion financing guarantee for Anthropic data centers. Alphabet Inc. Class C is increasingly providing financing guarantees to support the construction of Anthropic data centers, highlighting the complex business relationships between large tech companies investing heavily in the field of artificial intelligence. Anthropic is leasing high-performance computing chips in five data centers, and this arrangement has the support of Alphabet Inc. Class C. Alphabet Inc. Class C has agreed to provide lease payment guarantees for each project, helping Anthropic secure financing equivalent to $35 billion. As Silicon Valley competes to build artificial intelligence infrastructure, industry leaders have reached complex and often interwoven transactions. Alphabet Inc. Class C is leveraging its vast balance sheet to finance data center projects. Super Micro Computer, Inc. (SMCI.US) announces a $7 billion equity and convertible bond financing plan. Super Micro Computer, Inc. announced a $7 billion equity and equity-linked financing plan to provide funding for the purchase of components for artificial intelligence servers totaling approximately $39 billion in recent weeks from over 20 customers. This financing includes a $5 billion public offering co-underwritten in full: $1.25 billion in common stock and $3.75 billion in depositary shares representing Series A Mandatory Convertible Preferred Stock. In addition, the company plans to launch an "at-the-market" (ATM) common stock offering program of up to $2 billion, expected to begin no earlier than the third quarter of 2026. JPMorgan (JPM.US) plans to deploy more powerful artificial intelligence agents this year. JPMorgan is planning to deploy artificial intelligence agents later this year that will have significantly longer autonomous operating times than current versions, marking another significant milestone in the adoption of artificial intelligence in enterprises. Derek Waldron, Chief Analytics Officer at JPMorgan, stated in an interview that AI agents are evolving from tools that perform single tasks to digital workers that can manage multiple steps and different software programs. "We are now in the era of long-term autonomous agents," Waldron said, "This means that agents can run for more than two to three minutes to achieve human goals or instructions, and can continue to run for one or two hours." Additionally, JPMorgan stated that artificial intelligence has begun to drive business performance, including a 20% increase in total sales in private banking, and is expected to ultimately expand the coverage of bankers by as much as 50%.