S&P 500 index rose 21.43 points, up 0.39%, closing at 5469.30 points. Dow Jones Industrial Average fell 299.05 points, down 0.76%, closing at 39112.16 points. Nasdaq Composite Index (Nasdaq) rose 220.84 points, up 1.26%, closing at 17717.65 points. Nasdaq 100 index rose 226.51 points, up 1.16%, closing at 19701.13 points. Nasdaq Technology Index rose 1.82%, closing at 1719.9415 points. Nasdaq Biotechnology Index fell 0.21%, closing at 4624.61 points. Russell 2000 index fell 0.42%, closing at 2022.35 points. Philadelphia Semiconductor Index rose 1.79%, closing at 5467.66 points. Philadelphia Stock Exchange KBW Bank Index fell 1.21%, closing at 102.35 points. Dow Jones KBW Regional Bank Index fell 1.46%, closing at 94.34 points. VIX fear index fell 3.68%, closing at 12.84.
Core Scientific announced a new contract with CoreWeave to deliver approximately 70 megawatts of additional infrastructure to host high performance computing operations. Site modifications are expected to begin in the second half of 2024, with expected commissioning in the second half of 2025. This new 12-year HPC hosting contract will further increase Core Scientific’s exposure to dollar-denominated revenues over the multi-year term of the contract. From revenue to gross margin, the new contract with CoreWeave is expected to enhance profitability and drive shareholder value, with an estimated cumulative revenue increase of $1.225 billion over the 12-year contract term, compared to the previously announced contract with CoreWeave which was expected to generate more than $3.5 billion in cum
Economic data focus: 14:00: Japan's final value of machine tool orders in May (preliminary value is 4.2%) 20:30: U.S. Chicago Fed National Economic Activity Index in May (estimated to be - 0.25, previous value is - 0.23) 20:30: Canada's consumer price index in May (estimated to be 2.6%, previous value is 2.7%) 21:00: U.S. FHFA house price index in April (estimated to be 0.3%, previous value is 0.1%) 21:00: U.S. S&P CoreLogic Case-Shiller 20-city house price in April (estimated to be 7.00%, previous value is 7.38%) 22:00: U.S. Conference Board Consumer Confidence Index in June (estimated to be 100.0, previous value is 102.0) 22:00: U.S. Richmond Fed Manufacturing Index in June (estimated to be - 3, previous value is 0) Global central bank and government dynamics focus: 17:00: ECB Govern
Economic data focus: 16:00: German Ifo business confidence index in June (estimated to be 89.6, previous value was 89.3) 22:30: U.S. Dallas Fed manufacturing index in June (estimated to be -15.0, previous value was -19.4) Global central bank and government dynamics focus: 07:50: Summary of Bank of Japan’s views 09:10: Bank of Japan’s bond purchase operations 15:00: Speech by Fed Governor Waller 18:10: Speech by ECB Governing Council member and German Central Bank President Nagel 20:30: Speech by ECB Governing Council member and Bank of France Governor Villeroy 20:30: Speech by Chicago Fed President Goolsbee 23:30: Speech by ECB Executive Board member Schnabel 25th 01:30: Speech by Bank of Canada Governor Macklem 25th 02:00: Speech by San Francisco Fed President Daly 25th 03:00: Canadian ce
The "Seven Sisters" of the U.S. Stock Market | Nvidia's market value evaporated by more than $220 billion in two days, ending its eight-week rise, while Microsoft and Google hit record closing highs
On Friday (June 21), Nvidia (NVDA) closed down 3.22% at $126.57, with a closing market value of $3.113622 trillion. In the last two trading days, it has fallen back 6.7%, with a market value of $222 billion evaporated; this week, it has fallen 4.03% - ending the previous eight-week upward trend. Apple (AAPL) closed down 1.04% at $207.49, with a closing market value of $3.18165166 trillion, and the decline widened rapidly near the close. Microsoft (MSFT) closed up 0.92% at $449.78, with a closing market value of $3.34276496 trillion, and this week it rose 1.63%, rising for three consecutive weeks. Google's parent company Alphabet (GOOGL) closed up 1.89% at $179.63, setting a record closing high, and this week it rose 1.61%. Tesla closed up 0.79%, up 2.81% this week; Amazon rose 1.60%, appro
The two-year Treasury yield has fallen less than 4 basis points this week.
At the end of trading in New York on Friday (June 21), the yield on the benchmark 10-year U.S. Treasury bond fell 0.59 basis points to 4.2535%. It fell to a daily low of 4.2148% three minutes before the release of the U.S. PMI data at 21:45 Beijing time, and then rebounded to a daily high of 4.2768% at 22:48, a total drop of 2.74 basis points this week. The yield on the two-year U.S. Treasury bond fell 0.93 basis points to 4.7279%, trading in the range of 4.7372%-4.6917% during the session, a total drop of 3.75 basis points this week. The yield on the 10-year U.S. Treasury Inflation-Protected Securities (TIPS) rose 1.67 basis points to 2.0227%.
Golden Evening News | Overview of important developments on the evening of June 21
12:00-21:00 Keywords: MicroStrategy, Standard Chartered Bank, Trump, Binance 1. MicroStrategy's Bitcoin holdings have a floating profit of more than $6 billion; 2. Vitalik: The "idealistic hippies" of crypto culture still exist; 3. He Yi: Binance's listing strategy does not affect the flow of market funds; 4. The net outflow of funds from the US spot Bitcoin ETF exceeded $900 million this week; 5. Standard Chartered Bank launched a Bitcoin and Ethereum spot cryptocurrency trading platform; 6. Santiment: Bitcoin faces "continuous FUD" on social media platform X; 7. The value of Trump's address cryptocurrency holdings fell below the $10 million mark, down nearly 70% from the beginning of the month; 8. Blockchain game platform Gudchain raised $5 million in financing, led by Mechanism Capital.
U.S. Stocks "Seven Sisters" | Nvidia closed down more than 3.5%, and its closing market value fell back to between Microsoft and Apple
On Thursday (June 20), Nvidia closed down 3.54% at $130.78, with a closing market value of $3.217188 trillion. Apple closed down 2.15% at $209.68, with a closing market value of $3.21523312 trillion. Microsoft closed down 0.14% at $445.70, with a closing market value of $3.3124424 trillion. Tesla closed down 1.78%, Microsoft fell 0.14%, Meta rose 0.44%, Google A rose 0.69%, and Amazon rose 1.80%. Outside of the "Seven Sisters", TSMC ADR closed down 2.4%, Eli Lilly fell 0.61%, Berkshire Hathaway Class B shares rose 0.29%, and AMD rose 4.62%.
Vitalik Buterin: Synchronous atomic composability is overrated
Ethereum co-founder Vitalik Buterin posted on social media that in my opinion, synchronous atomic composability is overrated. For example, think about some specific things you are doing or envisioning doing across L2 that can be more seamless. The two most important things for me are: 1. I have coins on Optimism and I want to pay Bob, but Bob is only on Arbitrum. 2. I have coins on Taiko and I want to use a dapp on Polygon, so I need to send it to myself on Polygon to use that dapp. These are not fancy problems that can be solved by solving the synchronization problem. These UX issues could be addressed by: (i) widespread adoption of ERC-3770, making the chain part of the address, so that the address is once again a self-contained "how you pay me" identifier; (ii) cross-L2 swap protocols (
Yemen's Houthis release video of sinking cargo ship in Red Sea
On June 20, local time, the Houthi armed forces in Yemen released a video of the sinking of the Greek cargo ship "TUTOR". On June 12, local time, the Houthi armed forces announced that they attacked the "TUTOR" cargo ship in the Red Sea through unmanned speedboats, drones and ballistic missiles. On the evening of the 18th, local time, according to the British Maritime Trade Operations Office (UKMTO) affiliated with the British military, the "TUTOR" cargo ship, which had been attacked by the Houthi armed forces, sank 66 nautical miles southwest of Hodeidah, Yemen. This is the second time that the Houthi armed forces have sunk a cargo ship since they announced attacks on the Red Sea and other shipping routes. Previously, the British cargo ship "Rubimal" sank in the waters near the Yemeni coa