U.S. stocks closed higher on August 1st, with Amazon surging over 15%, and all three major indices posting gains for the week. Among the top 20 most active stocks on August 1st, Amazon's strong earnings report drove its stock price up more than 15%. Most Chinese concept stocks rose on August 1st, with Alibaba up 5.09% and JD.com up 2.17%.
In commodities, oil prices rose, copper prices edged lower, and gold prices fell. European stocks narrowed their monthly gains, with Novo Nordisk and Universal Music Group suffering significant losses.
Trump announces new round of US-Iran negotiations, US stock futures rise.
Israel says Netanyahu learned of the US halting its strike on Iran through Trump's social media. Iran reiterates that the Strait of Hormuz will not return to its pre-war state. Brazil's Workers' Party formally confirms Luiz Inácio Lula da Silva as its presidential candidate. Japan is rapidly reducing its holdings of U.S. Treasury bonds. Gulf states are frustrated by the lack of a U.S. strategy specifically targeting Iran.
US government announces $22.5 billion renovation plan for Washington Dulles International Airport, aiming to phase out the old shuttle bus system.
The New York State Attorney General has sued prediction market platform Kalshi, alleging illegal gambling. New Jersey's new "plastic reduction" regulations take effect, strictly prohibiting restaurants from proactively providing disposable tableware. OpenAI's AI agent breached a network platform sandbox, with experts warning of increasing security threats from autonomous AI. Due to a deadlock in labor negotiations, Canada's WestJet Airlines has canceled 81 flights to address a potential strike. Trump's company is accused of conflicts of interest and market manipulation over its high-priced fast news service. Trump Media & Technology Group's sale of priority access to posts is sparking controversy over market manipulation. SpaceX faces profitability and market risks, with its stock price down 19% from its issue price.
Has the "leverage shock" in the South Korean stock market passed?
Affected by a parasite infection incident, U.S. vegetable sales have plummeted, leading California farmers to destroy large amounts of crops. Under the impact of surging international energy prices, quarterly profits for two major U.S. oil giants have grown significantly. California's governor fears that antitrust lawsuits will impact employment and is urging the promotion of an out-of-court settlement for the Paramount and Warner Bros. Discovery merger. The Federal Reserve's decision to hold rates steady has sparked internal division, and the new Fed Chair's policy stance is increasing market volatility. Texas has strictly banned the sale and possession of most synthetic cannabinoid products.
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