Overnight US stocks | Investors are waiting for the debut of Jerome Powell, the new chairman of the Federal Reserve. The three major indexes have mixed movements, while both US and Brent oil prices have dropped by more than 5%.

On Tuesday, the three major indices experienced mixed movements, with a significant drop in oil prices. After the Bank of Japan raised interest rates to a 31-year high, investors will turn their attention to the intensive central bank policy decisions scheduled for this week. The Federal Reserve meeting this week will be the first meeting under Chair Powell. The market generally expects the Federal Reserve to maintain interest rates on Wednesday, but the focus will be on how Powell balances policy in response to inflation pressures and the decline in energy inflation during the post-meeting press conference. [US Stock Market] At the close, the Dow Jones Industrial Average rose 328.64 points, up 0.64%, to 51,999.67; the Nasdaq fell 307.60 points, down 1.15%, to 26,376.34; the S&P 500 Index fell 42.94 points, down 0.57%, to 7,511. SpaceX (SPCX.US) rose by about 17% at one point during trading, eventually closing up 4.8%. Marvell Technology, Inc. (MRVL.US) fell nearly 10%, Micron Technology, Inc. (MU.US) fell 6%. The Nasdaq Golden Dragon China Index fell 2.5%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell over 4%. [European Stocks] Germany's DAX30 index rose 7.74 points, up 0.03%, to 24,911.16; the UK's FTSE 100 index rose 63.75 points, up 0.61%, to 10,494.37; France's CAC40 index rose 63.26 points, up 0.75%, to 8,447.27; the Euro Stoxx 50 index rose 26.72 points, up 0.43%, to 6,256.15; Spain's IBEX35 index rose 121.66 points, up 0.64%, to 19,153.66; Italy's FTSE MIB index rose 595.55 points, up 1.15%, to 52,431.50. [Asian Stock Markets] The Nikkei 225 Index rose by 0.13%, the Korean Composite Stock Price Index rose by 2.11%, the Indian Sensex Index rose by 0.71%. [US Dollar Index] The US dollar index against six major currencies fell by 0.09% on the day, closing at 99.540 in the foreign exchange market. At the close of the New York foreign exchange market, 1 euro exchanged for 1.1610 US dollars, higher than the previous trading day's 1.1595 US dollars; 1 pound exchanged for 1.3429 US dollars, higher than the previous trading day's 1.3419 US dollars. 1 US dollar exchanged for 160.44 Japanese yen, higher than the previous trading day's 160.31 Japanese yen; 1 US dollar exchanged for 0.7931 Swiss francs, lower than the previous trading day's 0.7940 Swiss francs; 1 US dollar exchanged for 1.3993 Canadian dollars, higher than the previous trading day's 1.3987 Canadian dollars; 1 US dollar exchanged for 9.3618 Swedish krona, lower than the previous trading day's 9.3913 Swedish krona. [Cryptocurrency] Bitcoin fell by 0.67%, to $65,765.67, while Ethereum rose by 0.33%, to $1,795.82. [Crude Oil] New York Mercantile Exchange Light Sweet Crude Oil futures for July delivery fell $4.70 to close at $76.05 per barrel, down 5.82%; London Brent Crude Oil futures for August delivery fell $4.21 to close at $78.96 per barrel, down 5.06%. [Precious Metals] Spot gold rose to $4331.03 per ounce. Spot silver was at $70.031 per ounce. [Macro News] Iran's Vice President: Tehran will maintain control over the Strait of Hormuz. According to reports, Iran's First Vice President Mohammad Reza Aref said that Tehran will retain control over the Strait of Hormuz, and ships using this strategic waterway should pay fees for the security services provided by Iran. In a statement released by the presidential office, Aref noted in a meeting with officials on Tuesday: "The Strait of Hormuz belongs to Iran, and its management will remain the responsibility of Iran." He further stated that Iran has made significant sacrifices in its history to secure its rights in the region and is now trying to fully exercise these rights. The important services provided by Iran help ensure the safe passage of ships in the waterway, and without such measures, ships may face risks, including encountering mines and causing environmental damage. US May import prices registered the largest year-over-year increase in nearly four years. US import prices rose significantly in May, with computer equipment, plastic products, and air travel costs surging, further showing the inflation impact brought about by the Iran conflict and the data center construction boom. Data released by the US Bureau of Labor Statistics on Tuesday showed that the import price index rose by 1.9% in May, matching the increase in April. Import prices rose by 6.7% year-over-year, the fastest pace in nearly four years. Imported plastics, a key raw material for many consumer products, saw a 6.5% price increase, one of the largest monthly increases on record. Import air passenger ticket prices, which are directly included in the Federal Reserve's preferred inflation indicator, also saw a significant increase. Meanwhile, import prices for computers, peripherals, and semiconductors rose by 3.6% in May, the second-largest increase since monthly data has been available since 1994. The report released on Tuesday and a series of recent economic data all indicate that the Iran conflict is impacting the US economy. As inflationary pressures start to spread from the initial oil price shock to a broader range of areas, consumer prices and producer prices have both risen significantly in recent months. US May housing starts fall to the lowest level in six years. The pace of US new home construction slowed to the weakest level in six years, mainly due to a sharp decline in apartment projects. Data released by the US government on Tuesday showed that housing starts in May fell by 15.4%, with a seasonally adjusted annual rate of 1.18 million units, below market expectations. This decline was mainly due to a 40.2% drop in the start of multi-family housing projects. Single-family home construction also fell by 1.9%, with an annualized start rate of 882,000 units. The report indicates that in the context of weak housing demand, builders remain cautious and continue to work through the new home inventory. Many developers are attracting buyers through price reductions and subsidizing mortgage rates, while also reducing the construction of "speculative housing," i.e., homes built in advance without signed sales contracts. The total number of building permits, a leading indicator of future construction activity, fell by 0.7% in May, to an annualized rate of 1.41 million units. US to allow Iran to immediately resume oil export sales. According to reports, according to the agreement, the US will allow Iran to resume oil and fuel exports immediately, providing an upfront economic incentive for Tehran to help cool down the conflict. The provisions in the agreement exempting oil sales sanctions will take effect immediately after the agreement is signed this week. At the same time, services necessary to support oil sales, such as banking, transport, and insurance, will also be exempted to ensure that related transactions can proceed smoothly. The United Against Nuclear Iran (UANI) said that a supertanker carrying Iranian crude oil has left the port of Chabahar, crossed the US blockade, and sailed out of the Gulf of Oman on Tuesday while activating its ship positioning system. This is the first such occurrence since the US implemented a maritime blockade in April of this year. A senior US official said on Tuesday that although Iran will receive preliminary sanctions relief for oil sales, long-term and sustained sanctions easing will depend on Iran's compliance with US demands, including opening the strait and addressing nuclear program-related issues. The official added that Iran will not immediately regain access to the billions of dollars of frozen funds overseas. [Stock News] Apple Inc. will launch AirPods smart glasses with cameras in 2027, possibly by the end of next year. Apple Inc. (AAPL.US) plans to launch a new AirPods model with cameras by the end of 2027, along with several other new products, including a new generation of foldable phones and a 20th-anniversary edition iPhone. This new AirPods model is Apple Inc.'s first wearable device featuring artificial intelligence, equipped with computer vision cameras as sensing components to provide visual information for Siri. Apple Inc. is also developing new generations of chips for its upcoming devices, with the earliest planned launch for the first smart glasses at the end of next year. SpaceX options trading surges, becoming one of the most popular options targets in the US stock market. SpaceX (SPCX.US) options became one of the most actively traded instruments in the US market on Tuesday, driving the company to rise by 17% in early trading on the third trading day since its listing. By 10:35 AM New York time, the trading volume of SpaceX options had exceeded 600,000 contracts, making it the third-largest options trading target in the US market. Chris Murphy, Co-Head of Derivatives Strategy at Susquehanna International, said, "The option volatility is clearly skewed to the upside, with investors willing to pay higher prices to participate in the further short squeeze after the company's listing." According to Murphy's data, an important indicator of option demand, implied volatility, was already at high levels at the open, with three-month implied volatility reaching around 110% to 115% in early trading. The most active options contract was a call option expiring on Thursday with a strike price of $220, with a trading volume of 25,000 contracts, corresponding to 2.5 million shares. Jake Taylor, Head of Single Stock Options at Optiver US, said, "With investor interest soaring, we expect both institutions and retail investors to actively participate, and market trading activity and volatility will remain high as the market is still forming judgments on the company's valuation and prospects."