Overnight US stocks | U.S.-Iran talks enter technical consultation stage; the three major indices closed higher; Dell Technologies, Inc. Class C (DELL.US) rose more than 5%.

Friday saw the three major indices close higher, with international oil prices falling sharply. Reports indicate that the U.S.-Iran talks held in New York have moved from preliminary diplomatic contact into a deeper stage of technical consultations. Iran is pushing a "7-day plan" under which it would reopen the Strait of Hormuz if the United States lifts its blockade on Iran. U.S. StocksAt the close, the Dow Jones Industrial Average rose 478.64 points, or 0.93%, to 51,828.62, up 0.28% for the week; the S&P 500 rose 39.28 points, or 0.51%, to 7,743.41, up 1.22% for the week; the Nasdaq rose 129.34 points, or 0.48%, to 27,068.71, up 2.06% for the week. Dell Technologies, Inc. Class C (DELL.US) rose more than 5%, Qualcomm (QCOM.US) rose 3.97%, Microsoft Corporation (MSFT.US) rose 3.66%, and SK Hynix (SKHY.US) rose 2.78%; Intel Corporation (INTC.US) fell 3.45%, and Meta Platforms (META.US) fell 3.33%. The Nasdaq Golden Dragon China Index fell 0.64%, with NTES (NTES.US) down 1.83% and Baidu Inc Sponsored ADR Class A (BIDU.US) down 0.85%. European StocksGermany's DAX 30 rose 143.97 points, or 0.57%, to 25,399.89; the U.K.'s FTSE 100 rose 16.18 points, or 0.15%, to 10,696.17; France's CAC 40 fell 3.63 points, or 0.04%, to 8,077.80; the Euro Stoxx 50 rose 25.65 points, or 0.41%, to 6,298.15; Spain's IBEX 35 rose 124.69 points, or 0.64%, to 19,698.09; Italy's FTSE MIB rose 314.05 points, or 0.61%, to 51,857.50. U.S. Dollar IndexThe U.S. dollar index, which measures the greenback against six major currencies, fell 0.31% on the day to close at 100.971 in late foreign exchange trading. As of late New York trading, 1 euro fetched 1.1399 dollars, up from 1.1374 dollars the previous trading day; 1 pound fetched 1.3252 dollars, up from 1.3217 dollars the previous trading day. 1 dollar fetched 157.13 yen, down from 158.85 yen the previous trading day; 1 dollar fetched 0.8282 Swiss francs, unchanged from the previous trading day; 1 dollar fetched 1.4144 Canadian dollars, up from 1.4141 Canadian dollars the previous trading day; 1 dollar fetched 9.9045 Swedish kronor, down from 9.9224 Swedish kronor the previous trading day. CryptocurrenciesBitcoin edged down 0.2% to $84,070, after falling as low as $83,155.32 during the session; Ethereum rose 0.3% to about $2,692. Crude OilLight crude futures for November delivery on the New York Mercantile Exchange fell $2.20 to close at $92.41 per barrel, a decline of 2.33%; London Brent crude futures for November delivery fell $2.28 to close at $104.32 per barrel, a decline of 2.14%. Precious MetalsSpot gold rose 0.27% to $4,285.99 per ounce; spot silver rose 0.72% to $64.296 per ounce. Macro News Fed's Hammack: Rise in Treasury yields not driven by loss of inflation confidence. Cleveland Fed President Beth Hammack said the recent sharp rise in U.S. Treasury yields was not due to the market losing confidence in inflation falling, but was mainly driven by higher real interest rates, a strong economic outlook, fiscal policy, and competition for investor funds. She said inflation expectations remain "basically well anchored," but inflation persistently above the Fed's 2% target still carries real costs and could affect economic planning and wage pressures. Hammack said the biggest inflation risk now is the emergence of an "inflation mindset," in which the public begins to believe high inflation will persist over the long term. She noted that inflation has been above target for several consecutive years, and the Fed needs to ensure monetary policy remains restrictive to bring inflation back to its 2% goal. On the bond market, Hammack said the rise in yields partly reflects market repricing of Fed policy and government fiscal policy, while investment demand from AI and the technology sector is also competing with the bond market for investment funds. She also said the current U.S. fiscal path is unsustainable. OpenAI says AI agents triggered multiple anomalous incidents; investigation may last months. OpenAI is still investigating the scope of anomalous activity by its AI agents, according to reports. Two people familiar with the matter said that after continuously reviewing internal logs, the number of issues OpenAI has found is still increasing, and the entire investigation is expected to last several months. OpenAI said its agents recently leaked 53 ChatGPT user images and has notified dozens of relevant third parties. Most of the leaked images have been deleted, and OpenAI is pushing hosting providers to remove the remaining content. As of mid-September, OpenAI had identified about 24 agent anomaly incidents, including the previously disclosed incident in which an agent attacked "Hugging Face," as well as other unauthorized activities, according to people familiar with the matter. Some incidents were discovered by outside researchers rather than identified proactively by OpenAI. The report noted that OpenAI's agents came into contact with the relevant images because they could access anonymized user data used for model training. OpenAI says user data is anonymized before training, with metadata, names, and contact information removed, but outsiders believe the anonymization process still carries risks of personal information leakage. Report: U.S.-Iran talks enter technical consultation stage; Iran proposes 7-day plan to reopen Strait of Hormuz. The U.S.-Iran talks held in New York have moved from preliminary diplomatic contact into a deeper stage of technical consultations, according to reports. Nouruddin Al-Deghair, Al Jazeera's bureau chief in Tehran, said that after U.S. envoys Steve Witkoff and Jared Kushner completed the first round of talks, technical experts joined subsequent discussions. The report said the Iranian delegation had initially been denied U.S. government approval for visas but was subsequently allowed entry to participate in the negotiations. Qatar has continued to serve as a mediator between the United States and Iran for months. Iran is pushing a "7-day plan": if the United States lifts its blockade on Iran, Iran will reopen the Strait of Hormuz. The plan is seen as an accelerated version of the previously discussed 60-day negotiation process, with the goal of pushing both sides back to direct talks over Iran's nuclear issue. The core issues currently under discussion include lifting sanctions, easing oil export restrictions, unfreezing Iranian assets, and future management arrangements for the Strait of Hormuz, including whether Iran and Oman can restore some form of joint management model within a framework involving the United States and regional countries, as well as rules for the passage of U.S. ships. Al-Deghair said that although differences remain, sources in Tehran believe the negotiations are making some progress, talks are continuing, and Qatar is working to narrow the gap between the two sides. Media: White House plans diesel price relief measures but will not ban exports. The Trump administration is considering other measures to ease diesel price pressure rather than imposing a diesel export ban, according to media reports citing three people familiar with the matter. The sources said the administration is considering easing high oil price pressure by increasing supplies of tax-exempt diesel used in agriculture, construction, and other industries, and by pushing more states to eliminate diesel taxes. The report, citing sources, said the Trump administration could announce related policies as early as this Friday or early next week, but no final decision has yet been made. Individual Stock News Sources: SK Hynix's Solidigm considers IPO at valuation of up to $150 billion. Solidigm, the U.S. solid-state storage subsidiary of SK Hynix (SKHY.US), is considering an initial public offering as early as next year at a valuation that could reach $150 billion, according to reports. People familiar with the matter said Solidigm held IPO underwriting pitch meetings with several investment banks this week and could raise about $15 billion through a listing. However, the size and timing of the IPO are still in early discussions and may be adjusted based on market conditions. Solidigm is headquartered in California and is the NAND flash and solid-state drive business unit under SK Hynix. SK Hynix acquired Intel Corporation's NAND flash and SSD business for about $9 billion in 2020 and established Solidigm in 2021. Solidigm mainly provides enterprise-grade SSD products to servers, cloud computing, and data centers, with a focus on the high-capacity storage market needed for AI applications. If listed, its valuation would far exceed recent semiconductor IPO cases, including Arm (ARM.US), which was valued at about $54 billion when it listed in 2023, and Cerebras (CBRS.US), which had an IPO valuation of about $56 billion in 2026.