July 3rd Overnight News Summary

1. US stocks closed mixed on Thursday. The Dow rose 1.14% to a historical high, while the Nasdaq fell 0.80% and the S&P 500 fell 0.01%. 2. President Trump said the US is still negotiating with Iran, but he believes "they have pretty much agreed to everything we need." 3. President Trump stated that Federal Reserve Chairman Jerome Powell may not be able to force other central bank officials to implement monetary policies according to his preferences. 4. In his first year back at the White House, President Trump conducted over 21,000 securities transactions, often during market events he sparked. 5. An internal memo from Tesla revealed that starting from July 6th, employees will have a $200 weekly limit on the use of artificial intelligence tools. 6. Meta CEO Mark Zuckerberg stated that artificial intelligence development in the last four months has not accelerated as expected. 7. A Microsoft executive informed employees that the company will integrate two Copilot apps for personal consumers and enterprises, cutting redundant features to "earn the right to survive" in users' minds. 8. According to data compiled by Citigroup, the cost of bullish options on tech stocks relative to the S&P 500 index is at the highest level since 2007 by certain indicators. 9. Michael Burry, the inspiration for the movie "The Big Short" and a well-known investor, revealed in a Substack article published later on Thursday that he has shorted Micron stock due to its cyclical nature and increased some existing long positions.