Overnight US stocks | Market awaits Fed rate decision, three major indices rise; Tesla, Inc. (TSLA.US) shares return above $400.

Tuesday, the three major indices rose. Oil prices pulled back, and the market is focused on the upcoming latest Federal Reserve interest rate decision as well as the third-quarter results of Alphabet (GOOG.US, GOOGL.US) and Microsoft Corporation (MSFT.US). [US Stocks] As of the close, the Dow Jones Industrial Average rose 15.99 points, or 0.03%, to 52,377.57; the S&P 500 rose 45.85 points, or 0.60%, to 7,722.62; the Nasdaq Composite rose 308.43 points, or 1.18%, to 26,477.81. Boeing Company (BA.US) fell 10.7%, SK Hynix (SKHY.US) rose 1.9%, Tesla, Inc. (TSLA.US) rose 4% to $407.46; Dell Technologies, Inc. Class C (DELL.US) rose 7%. The Nasdaq Golden Dragon China Index fell 0.11%. [European Stocks] Germany's DAX30 index rose 186.03 points, or 0.73%, to 25,596.87; the UK's FTSE 100 fell 79.41 points, or 0.74%, to 10,687.92; France's CAC40 rose 39.82 points, or 0.51%, to 7,887.14; the Euro Stoxx 50 rose 48.42 points, or 0.79%, to 6,164.65; Spain's IBEX35 rose 131.99 points, or 0.69%, to 19,165.29; Italy's FTSE MIB rose 431.69 points, or 0.88%, to 49,618.50. [Forex] The US dollar index, which measures the greenback against six major currencies, rose 0.35% on the day and closed at 102.319 in late foreign exchange trading. As of late New York foreign exchange trading, 1 euro bought 1.1135 dollars, down from 1.1183 dollars in the previous session; 1 pound bought 1.3313 dollars, down from 1.3350 dollars in the previous session. 1 dollar bought 157.95 yen, up from 157.43 yen in the previous session; 1 dollar bought 0.8287 Swiss francs, up from 0.8273 Swiss francs in the previous session; 1 dollar bought 1.4052 Canadian dollars, up from 1.4020 Canadian dollars in the previous session; 1 dollar bought 9.9489 Swedish kronor, down from 9.9510 Swedish kronor in the previous session. [Cryptocurrencies] Bitcoin rose more than 1%, at $80,806 as of publication; Ethereum rose more than 1.6%, at $2,347. [Precious Metals] Spot gold rose 1.1% to the $4,060.74 mark; spot silver rose 0.81% to $54.42 per ounce. [Crude Oil] The price of light crude oil futures for December delivery on the New York Mercantile Exchange fell $1.86 to settle at $99.90 per barrel, a decline of 1.83%; the price of London Brent crude oil futures for December delivery fell $1.93 to settle at $113.88 per barrel, a decline of 1.67%. [Macro News] US core capital goods orders rose in September, with shipments surging. New orders for US core manufactured capital goods increased in September, and shipments of related products climbed sharply, indicating that business equipment spending remained on a strong growth trajectory in the third quarter. The US Commerce Department's Census Bureau said Tuesday that orders for nondefense capital goods excluding aircraft rose 0.5% in September, after rising 1.6% in August (unrevised); economists had expected a 0.7% increase. Core capital goods shipments, used to calculate the equipment spending component of GDP, rose sharply by 1.2% in September, above the 0.6% increase in August. Driven by heavy investment in AI, business equipment spending has posted double-digit growth for two consecutive quarters, providing important support for manufacturing and the overall economy. Economists expect the advance estimate of third-quarter GDP to be released by the US government on Thursday to show annualized growth of more than 3.0%. However, investors are increasingly focused on the rising costs of long-term projects, as returns on those projects remain uncertain. Over the past year, technology companies have raised enormous amounts of debt to fund AI spending. Iran's Supreme Leader stresses implementation of Iranian conditions to push for an end to the war. Iran's Revolutionary Guard Corps said in a post that Iran's Supreme National Security Council secretary, Major General Rezaei, met with Iran's Supreme Leader Mojtaba Khamenei. During the talks, they discussed maintaining national and regional security through management of the Strait of Hormuz, as well as consolidating bilateral relations with neighboring countries on the basis of lasting mutual benefit. Khamenei said that the enemy's predicament is the result of Iran's persistence in national resistance. He stressed that information should be released actively and promptly to sustain the public's continued participation in defending the country and the system; at the same time, efforts should be made to safeguard the rights and interests of the Iranian people and the resistance front by implementing the relevant conditions proposed by Iranian officials, in order to end the war and the situation of "neither war nor peace." Rezaei said that the Supreme National Security Council secretariat is advancing Iran's strategic policies, including "establishing regional arrangements and order led by the region itself." BlackRock, Inc.: Energy shock will leave long-term scars on Europe's economy. BlackRock, Inc. strategists said the sharp rise in energy prices triggered by the US-Iran conflict will have a lasting negative impact on Europe's economy, but may benefit energy infrastructure companies. The strategists noted that the buffers that absorbed the first round of the energy shock earlier this year are weakening, and Europe is especially vulnerable to the shock. Higher energy prices have left Europe's GDP 0.5% lower than it would have been without the energy price increase. They said infrastructure that can withstand future energy shocks will increasingly be favored by the market, creating more investment opportunities. In addition, US and European utility stocks now also look attractive after rising bond yields weighed on share prices. [Individual Stock News] Seagate quarterly revenue rose 61%, but strong results failed to lift the stock. Data storage equipment maker Seagate Technology Holdings PLC (STX.US) reported first-quarter fiscal 2027 revenue above market expectations, up 61% year over year to $4.23 billion. The company's guidance midpoint for next-quarter revenue is $4.8 billion, 6.7% above the market consensus. Seagate's revenue has grown for 10 consecutive quarters, indicating that the current upcycle is continuing. A typical industry upcycle usually lasts 8 to 10 quarters. Management now expects next-quarter revenue to grow 69.9% year over year. Days inventory outstanding (DIO) is an important metric for chipmakers, reflecting a company's capital intensity and the cyclical characteristics of semiconductor supply and demand. In the quarter, Seagate's DIO was 86 days, 5 days above its five-year average, indicating that the company's inventory has risen above historical levels. After the results were announced, Seagate's shares fell more than 8% at one point in after-hours trading. Oracle Corporation expands NVIDIA Corporation chip partnership, bringing in suppliers including Alphabet Inc. Class C and Cerebras. Oracle Corporation (ORCL.US) announced an expansion of its cloud AI chip partnership with NVIDIA Corporation (NVDA.O), planning to scale deployment of AI servers equipped with NVIDIA Corporation's next-generation Vera Rubin chips to the multi-gigawatt level, while bringing in Alphabet Inc. Class C TPU chips as well as AI inference chips from SambaNova Systems and Cerebras Systems to diversify computing power supply. Oracle Corporation also plans to use its in-house Acceleron networking chips in some NVIDIA Corporation servers, replacing some of NVIDIA Corporation's networking products. The company said different AI workloads have different computing power needs, and a diversified chip supply helps customers choose appropriate infrastructure based on performance, throughput and cost. NVIDIA Corporation dominates the AI training chip market, but competition in the AI inference market is more diverse. Cerebras CEO Andrew Feldman said the partnership with Oracle Corporation will significantly expand its large-customer base, and the company is moving into other companies' data centers on a large scale. Oracle Corporation has not yet disclosed the financing arrangements for this chip procurement. The company said last month that customers are increasingly bearing chip procurement costs, and it maintained its target of about $90 billion to $95 billion in capital expenditure for fiscal 2027. US offers Constellation $5 billion in financing to boost nuclear power generation. The Trump administration is considering providing up to $5 billion in financing to Constellation Energy (CEG.US) to upgrade and modernize the company's nuclear reactor facilities in Illinois, Maryland and Pennsylvania. The U.S. Energy Corp. said that with the support of this conditional loan commitment, the related projects are expected to add nearly 1.1 gigawatts (GW) of power supply, helping to strengthen the grid and reduce costs. U.S. Energy Corp. Secretary Wright plans to announce the financing arrangement later Tuesday at a nuclear power plant in Illinois. The plant will supply power to Alphabet Inc. Class C. Wright said in a statement: "The Department of Energy is accelerating President Trump's 'American nuclear renaissance' plan and fully unlocking the potential of our nation's existing nuclear facilities." Boeing Company's third-quarter loss exceeded expectations, and shares fell. After reporting third-quarter results, Boeing Company (BA.US) fell 10.69%, hitting an 18-month low. Boeing Company's third-quarter loss exceeded expectations. Supply chain challenges and production delays in its commercial airplanes segment offset the positive impact of improved margins in other business segments. Boeing Company CEO Kelly Ortberg said the target of 47 aircraft per month for the 737 model will not be achieved until next year. Boeing Company's third-quarter adjusted loss per share was 34 cents, wider than the analysts' average estimate of a loss of 21 cents per share. Revenue rose 4% year over year to $24.19 billion, above analysts' estimate of $23.84 billion. Including today's decline, Boeing Company shares have fallen nearly 20% year to date. [Major Bank Ratings] Wedbush: Maintains Intel Corporation (INTC.US) target price at $98