Overnight News for September 26: US Stocks Close Higher, Crude Oil Falls, Gold Edges Up, US Officials Say US and Iran Are Discussing Reopening the Strait of Hormuz

Deep News07:01

Market close for September 26: All three major US stock indexes closed higher and posted weekly gains, with the market shrugging off a bond selloff, while Apple hit another record high.

On September 26, most popular Chinese concept stocks fell, with Alibaba dropping 0.8%.

Commodities overview: Crude oil declined, London copper was roughly flat, and gold edged higher.

European stocks rose for the first week in four, while oil prices pulled back.

Macro and international news at a glance: Iran submitted a new negotiation draft to the United States, and a trilateral meeting among Russia, the United States, and Ukraine may be held soon.

US officials said the United States and Iran are discussing the reopening of the Strait of Hormuz.

The White House is considering a range of options to lower elevated diesel prices, including suspending taxes.

Trump will launch a new AI-driven website, America.gov, on Tuesday.

Trump said Bessent will not become the head of AI affairs.

The US military said it forced seven commercial vessels to change course in the Strait of Hormuz over the past two days.

US Treasury Secretary Bessent and Japanese Finance Minister Katayama discussed the "desirability" of a strong yen.

Report: US-Iran talks have entered the technical consultation stage, and Iran proposed a seven-day plan.

TASS: Putin said all peace proposals are being considered, and Russia welcomes talks.

Saudi crude oil exports hit a new high since the Iran war, with pipeline outages failing to stop the surge in exports.

Companies: OpenAI notified dozens of institutions, including government departments, that its website may be disrupted by AI.

Anthropic is in talks to lease up to 1 gigawatt of computing power, investing at least $40 billion.

Morgan Stanley: The Oracle data center incident raises contract risk concerns.

General Motors is developing low-cost manganese-based batteries and plans to bring affordable electric vehicles to market in 2028.

Blackstone's private equity strategy head Joe Baratta is reportedly in talks to leave.

The largest semiconductor IPO in US history is coming? The main player is a subsidiary of SK Hynix.

Tesla's Optimus robot expansion faces obstacles: hand structure and supply chain issues continue to arise.

A US appeals court upheld the Pentagon's decision to blacklist Anthropic.

Berkshire spent $212 million in three days to buy the dip in this sharply fallen stock, and its position has already surged 81% this quarter.

Goldman Sachs poured a dose of reality on AI concept stock investors.

Commentary: European Central Bank Vice President Vujcic said energy prices will remain high for a long time.

US bond market: Short-end yields were supported by falling oil prices, and the yield curve continued to steepen.

New York foreign exchange market: The dollar index retreated, and the yen is set for its best performance in nearly three weeks.

New York Fed blog: The Federal Reserve has adopted a "securities-led" approach to reserve management.

The SEC plans to vote on relaxing private market access and expanding the scope of accredited investors.

The US 30-year Treasury yield broke above 5.5%, and the lack of technical levels has left the market in a "vacuum."

Apollo's chief economist: The Federal Reserve may be ignoring the inflation threat from surging diesel prices.

Cathie Wood said global real GDP growth is expected to exceed 7%.

Kansas City Fed President: The inflation problem has not yet been resolved.

Bill Gates said artificial intelligence is already powerful enough to cause "1 billion deaths."

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