Overnight news on July 31: Microsoft's market value increased by $450 billion in a single day; Meta's future spending commitments approach $700 billion; Musk will support the Republican midterm elections

Market

Closing on July 31: U.S. stocks closed higher, with the NASDAQ up about 680 points; Microsoft rose 15.5%, marking its largest increase in 18 years.

Top 20 U.S. stock trading volumes on July 31: Microsoft's stock price achieved its best single-day performance in 18 years.

On July 31, most popular Chinese concept stocks rose; TSMC increased by 7.63%, while Li Auto fell by 2.25%.

Commodity Overview: Oil prices fell, copper prices rose, and gold prices continued to increase.

European stock markets rose as strong earnings overshadowed the significant drop in Sanofi.

Macro

The U.S. believes Hamas may sign an agreement to disarm in the coming days, but negotiations still face the risk of collapse.

Elon Musk will invest at least $100 million to support the Republican midterm elections.

As oil prices remain high, the Trump administration plans to restart several idled refineries.

Concerns over the spillover of conflict have led U.S. Republican senators to once again block a resolution to end the war in Iraq.

Job seekers must pay $100,000; Trump is considering charging foreign students who wish to stay in the U.S. after graduation.

Reports: Japan intervenes in the foreign exchange market, and the U.S. is also conducting currency inquiries.

UEFA threatens FIFA: If the private equity plan proceeds, it will boycott the World Cup.

Russia extends its diesel export ban by one month, further tightening global supply.

Spain closes the Melilla border crossing with Morocco.

Iranian military claims to strike U.S. forces at the airbase in Bahrain.

Yemen's Houthi forces deny attacking ships at Egypt's Damietta port.

The U.S. military states that no American aircraft were destroyed in the recent attacks in Iran.

Company

In response to cost competition pressures, OpenAI has reduced prices by up to 80% to consolidate its market position.

Microsoft's market value increased by $450 billion in a single day, setting a record for individual stocks.

Meta disclosed future spending commitments of nearly $700 billion, involving AI, data centers, and cloud computing.

Amazon's cloud business revenue surged by 37% in the second quarter, marking the highest growth rate since 2021.

Amazon's Q2 revenue exceeded expectations, with after-hours stock price soaring over 9%.

iPhone sales rose by 22% year-on-year, with Apple's Q3 profits surpassing expectations.

Google guarantees support for Anthropic's Texas data center with $15 billion in financing entering final negotiations.

Rivian's automotive business revenue increased by 23%, with R2 SUV deliveries commencing.

Hedge fund Situational Awareness's assets have decreased to $10 billion after intervention from Fortress.

Hedge fund Situational Awareness focuses on AI investments and suffered significant losses, selling most of its stock portfolio to Citadel.

As AI stocks face setbacks, Citadel is reportedly making significant purchases of holdings from a fund previously managed by an OpenAI researcher.

Reports: Goldman Sachs Asset Management launches an artificial intelligence investment platform Intercontinental Exchange, the parent company of the New York Stock Exchange, agrees to acquire MarketAxess for approximately $6 billion.

Comments

IMF President: The risk of a recession due to oil shocks remains persistent.

White House trade advisor Navarro: If market trends continue, the Federal Reserve should consider cutting interest rates.

White House National Economic Council Director Hassett: The U.S. may continue measures to suppress oil prices.

The Bank of England maintains interest rates unchanged with a vote of 6 to 3, as Governor Bailey downplays the prospect of rate hikes.

U.S. mortgage rates rise to a one-year high as the Iran conflict exacerbates inflation concerns.

The sharp rise in the yen sparks speculation of renewed intervention in the foreign exchange market, with analysts stating that the timing for "acting in accordance with the trend" is smart.

Following the Federal Reserve's decision, the first batch of data is released, with long-term U.S. Treasury yields holding most of their gains.

U.S. bond market: U.S. Treasuries show mixed performance, with the yield curve steepening further.

European bond market: U.K. government bonds soar due to dovish comments from the Bank of England Governor