Overnight US stocks | Three major indexes rebound sharply, with Nasdaq rising more than 1.9%. Intel Corporation (INTC.US) rose more than 10%.

On Thursday, the three major indexes rebounded significantly. The previous trading day saw a selloff in the US stock market due to the signal from the Federal Reserve indicating a possibility of interest rate hikes later this year. It is worth noting that the US stock market will be closed on Friday for the June holiday. According to data from the US Treasury Department, China held $651 billion in US Treasuries in April, compared to $652 billion in March. Japan held $1.21 trillion in US Treasuries in April, compared to $1.192 trillion in March. The UK held $938 billion in US Treasuries in April, compared to $927 billion in March. [US Stock Market] At the close, the Dow Jones Industrial Average rose 72.71 points, or 0.14%, to 51565.26 points; the Nasdaq rose 496.27 points, or 1.91%, to 26517.93 points; and the S&P 500 rose 80.48 points, or 1.08%, to 7500.58 points. SpaceX (SPCX.US) fell by 3.56%, dropping 10% at one point during the day. The semiconductor sector maintained its strength throughout the day, with Marvell Technology, Inc. (MRVL.US) rising by 7.27%, Intel Corporation (INTC.US) rising by 10.64%, and Micron Technology, Inc. (MU.US) rising by 8.7%. The Nasdaq Golden Dragon Index fell by 0.89%. [European Stocks] The German DAX30 index rose by 87.01 points, or 0.35%, to 25018.56 points; the UK FTSE 100 index fell by 118.89 points, or 1.13%, to 10389.72 points; the French CAC40 index rose by 37.19 points, or 0.44%, to 8467.98 points; the Euro Stoxx 50 index rose by 21.13 points, or 0.34%, to 6321.20 points; the Spanish IBEX35 index fell by 32.35 points, or 0.17%, to 19382.75 points; and the Italian FTSE MIB index rose by 122.27 points, or 0.23%, to 52717.50 points. [Asian Stock Markets] The Nikkei 225 index rose by 1.65%, the South Korean composite stock price index rose by 2.25%, and the Indian Sensex index rose by 0.33%. [US Dollar Index] The US dollar index, which measures the dollar against six major currencies, rose by 0.75% to close at 100.846 in the currency market. At the close of the New York currency market, 1 euro exchanged for $1.1459, lower than the previous trading day's $1.1539; 1 pound exchanged for $1.3203, lower than the previous trading day's $1.3338. 1 dollar exchanged for 161.68 yen, higher than the previous trading day's 160.50 yen; 1 dollar exchanged for 0.8051 Swiss francs, higher than the previous trading day's 0.7971 Swiss francs; 1 dollar exchanged for 1.4140 Canadian dollars, higher than the previous trading day's 1.4071 Canadian dollars; 1 dollar exchanged for 9.5874 Swedish krona, higher than the previous trading day's 9.4610 Swedish krona. [Cryptocurrency] Bitcoin fell by 3.4% to around $62,184 at one point; Ethereum dropped to $1,705.97 at the lowest. [Oil] Light crude oil futures for July delivery on the New York Mercantile Exchange fell by 19 cents to $76.60 per barrel, a decrease of 0.25%; Brent crude oil futures for August delivery rose by 30 cents to $79.85 per barrel, an increase of 0.38%. [Precious Metals] Spot gold fell slightly to $4,201.98 per ounce. Spot silver fell to $65.73 per ounce. [Macro News] Initial jobless claims in the US fell, indicating resilience in the labor market. Initial jobless claims in the US fell last week, indicating that the labor market remains in a state of "low layoffs." Data released by the US Department of Labor on Thursday showed that for the week ending June 13, initial jobless claims decreased by 4,000 to 226,000, slightly higher than the market expectation of 225,000. However, continued jobless claims increased to 1.81 million in the previous week. These data show that despite the energy price shock caused by the Iran war, the US labor market remains resilient. The stronger-than-expected jobs report for May further confirmed this view, showing that US employers added 172,000 jobs. These data eased concerns in the market about a significant slowdown in hiring activity and further increased bets on the Federal Reserve raising interest rates. Iran: Ships to pass through the Strait of Hormuz free of charge in the next 60 days. According to the Islamic Republic News Agency of Iran on the 18th, the highest National Security Council of Iran issued a statement saying that under the Iran-US memorandum of understanding, ships applying to pass through the Strait of Hormuz in the next 60 days will be exempt from relevant fees. According to Article 5 of the memorandum of understanding, commercial ships applying to pass through the Strait of Hormuz must submit an application to the Iranian Persian Gulf Strait Management Bureau. During the 60-day period, no fees will be charged to ships applying to pass through the Strait of Hormuz, and the relevant fees will be borne by the Iranian government. Based on this, the Iranian side has instructed the Persian Gulf Strait Management Bureau to promptly review and respond to relevant applications. The statement stated that due to the current special circumstances and the continuing security risks in some areas of the waterway, ships must follow designated routes and specified times to pass through the Strait of Hormuz in order to ensure safe navigation and avoid maritime accidents. Powell hopes the Fed will reduce signals, but this may exacerbate market volatility. Analyst Colby Smith wrote that Federal Reserve Chairman Powell has been tight-lipped about the future path of interest rates, providing little clear guidance. Powell's approach leaves considerable flexibility for the Fed's next steps, but it also increases a risk: that the Fed Chairman may not be able to firmly control the market's narrative direction on economic trends or central bank policy responses, leading to misunderstandings that need to be clarified later, thus exacerbating market volatility. Marc Giannoni, Chief Economist of Barclays PLC Sponsored ADR in the US, said: "When you say nothing, you actually give more initiative to the market. Eventually, he may be frustrated by the market's future assessments." Powell's preferences seem not to be shared by other colleagues. The presidents of the 12 district Federal Reserve Banks and the Federal Reserve Board members in Washington will continue to talk openly about the economic outlook and how policy might change in specific circumstances. Vincent Reinhart, a senior executive at Mellon Investment Management in New York, said: "The core issue is that people with differing views will fill the void." Reinhart expects that those advocating for rate hikes will be the most vocal, and this camp has significantly expanded in recent months. [Stock News] SpaceX plans to issue at least $20 billion in bonds to replace bridge loans. Sources reveal that SpaceX (SPCX.US) is set to start investor conference calls next week with its underwriting banking team to discuss plans for a bond issue following the completion of the record-breaking IPO. The bond issue is expected to be at least $20 billion, with investor communications set to start as early as Monday; however, the details of the plan and timeline are subject to change. SpaceX plans to issue investment-grade US dollar bonds for the first time, with the proceeds being used to replace a $20 billion bridge loan set to mature in September 2027. According to SpaceX's IPO filing with the US Securities and Exchange Commission, this bridge loan accounts for a large portion of the company's $291 billion in long-term debt as of March 31. Sources state that Bank of America Corp, Citigroup, JPMorgan, Goldman Sachs Group, and Morgan Stanley jointly provided the bridge loan and will lead the underwriting of this bond issue. Amazon.com, Inc. is in talks to sell in-house AI chips to external companies. Amazon.com, Inc. (AMZN.US) is in talks to sell its in-house AI chips to other companies for data center use, marking its further efforts to challenge NVIDIA Corporation's dominance. Peter DeSantis, head of Amazon.com, Inc.'s AI business, said, "We believe that AI infrastructure is evolving rapidly. We have been looking for ways to serve more customers." Amazon.com, Inc. launched the Trainium AI acceleration chip in 2020. The chip has already attracted some heavyweight clients, including OpenAI, Anthropic, and Uber, who use the hardware through Amazon.com, Inc.'s cloud services (AWS). In April of this year, Amazon.com, Inc. stated that Trainium had received over $225 billion in revenue commitments. CEO Andy Jassy stated in the same month that it was "entirely possible" for Amazon.com, Inc. to sell entire chip devices to third parties. This is part of the company's strategy to reposition itself around AI. DeSantis said that the third generation of Trainium chips, which started shipping earlier this year, has "virtually sold out." Amazon.com, Inc. expects strong demand for the fourth generation of Trainium chips set to be released next year. Intel Corporation announces the appointment of executives to its foundry department to accelerate research and development and manufacturing. Intel Corporation (INTC.US) has appointed Seok-Hee Lee as Executive Vice President of Intel Foundry, reporting directly to CEO Lip-Bu Tan. In this role, Seok-Hee Lee will lead all advanced packaging, system integration, backend technology research and development, and backend manufacturing to enhance Intel Corporation's ability to provide differentiated system-level innovation to customers. As part of Intel Corporation's ongoing foundry strategy evolution, the company is making advanced packaging a key focus business with a dedicated leadership team. This reflects the increasing importance and complexity of advanced packaging as a key enabling technology for AI system performance, efficiency, and heterogeneous integration. [Ratings from Major Banks] Standard & Poor's awards SpaceX a "BBB" credit rating with a stable outlook. Standard & Poor's has assigned SpaceX (SPCX.US) a credit rating of BBB. Standard & Poor's believes that SpaceX's launch and interconnect business performance is solid, but this is offset by the company's huge capital requirements and the uncertainty of its AI business. Standard & Poor's stated: "This rating does not include SpaceX's long-term plans such as landing on the moon, going to Mars, building data centers in space, and building a large chip factory in Texas, as most of these plans have not yet been quantified and are therefore not in our rating scope. However, we note that if these plans proceed, they may require long-term financing." Standard & Poor's also gave a stable outlook, predicting that despite SpaceX having a large investment plan, its adjusted leverage ratio will remain below 2.0 times.