Overnight US stocks | Trump says he was patient enough to reach a new agreement with Iran. The three major indices rose and fell, and oil fell more than 7%

The Zhitong Finance App learned that on Monday, the three major indices opened higher and went lower. In the end, the NASDAQ closed down, and the S&P 500 index and the Dow closed higher. When talking about the Federal Reserve issue, US President Trump said that Federal Reserve Chairman Walsh is excellent, but he must deal with the committee's issues. He believes Walsh will do the right thing, and he knows what Walsh wants. Regarding interest rates, Trump said that interest rates should be lower, and the US should have the lowest interest rate in the world. He also mentioned that costs are falling rapidly.

[US stocks] At the close, the Dow rose 262.98 points, or 0.51%, to 52210.23 points; the NASDAQ fell 43.74 points, or 0.18%, to 24932.08 points; and the S&P 500 rose 1.24 points, or 0.02%, to 7413.22 points. The Philadelphia Semiconductor Index fell 2.23%, Micron Technology (MU.US) fell 2%, SanDisk (SNDK.US) fell 11%, Nvidia (NVDA.US) fell 5%, and SK Hynix (SKHY.US) fell 7.5%. Apple (AAPL.US) rose 1%, and its market capitalization approached 5 trillion US dollars. The Nasdaq China Golden Dragon Index closed up 2.5%, NetEase (NTES.US) rose 3.5%, and Alibaba (BABA.US) rose 2.5%.

[European stocks] The German DAX30 index rose 280.47 points, or 1.12%, to 25372.16 points; the British FTSE 100 index rose 46.56 points, or 0.43%, to 10782.79 points; the French CAC40 index rose 33.78 points, or 0.40%, to 8406.06 points; the European Stoxx 50 index rose 3.41 points, or 0.05%, to 6284.35 points; Spain's IBEX35 index rose 157.21 points, or 0.80%. 19742.91 points; Italy's FTSE MIB index rose 253.77 points, or 0.49%, to 52056.00 points.

[Asian Stock Market] The Nikkei 225 Index rose 0.5%, and the Korea Composite Stock Price Index rose 0.97%.

[US Dollar Index] The US dollar index, which measures the US dollar against six major currencies, rose 0.07% on the same day and closed at 101.539 at the end of the foreign exchange market. As of the end of the exchange market in New York, 1 euro was worth 1.1368 US dollars, lower than 1.1370 US dollars on the previous trading day; 1 pound was worth 1.3288 US dollars, lower than 1.3326 US dollars on the previous trading day. 1 US dollar was worth 163.78 yen, lower than 163.84 yen on the previous trading day; 1 US dollar was worth 0.8190 Swiss franc, higher than 0.8182 Swiss franc on the previous trading day; 1 US dollar was worth 1.4125 Canadian dollars, higher than 1.4096 Canadian dollars on the previous trading day; and 1 US dollar was worth 9.7285 SEK, up from 9.7158 on the previous trading day.

[Cryptocurrency] Bitcoin fell 0.72% to $64940.96; Ethereum fell 0.02% to $1949.17.

[Crude oil] International oil prices fell sharply on the 27th. Light crude futures for September delivery on the New York Mercantile Exchange fell $6.70, or 7.5%, to close at $82.61 a barrel by the close of the day; London Brent crude oil futures for September delivery fell $8.42, or 8.7%, to close at $88.36 a barrel by the close of the day.

[Precious Metals] Spot gold rose 0.58% to $4076.66; spot silver rose 0.05% to $58.427. CME Group (CME) announced today that during the first weekend of the launch of its new 7x24 hour trading schedule, a total of nearly 15,000 1-ounce gold futures contracts were traded, with a nominal value of approximately US$60 million. Jin Hennig, managing director of CME Group and head of the global precious metals business, said: “Gold is a global safe-haven asset, and global events will not stop due to the weekend. This launch shows that retail traders are ready and looking forward to this all-weather, regulated, and moderate-scale product to manage their gold positions.”

[Macro News]

Trump: Be patient enough to reach a new deal with Iran or else we will start a fight. US President Trump said on the 27th that he has enough patience and time to reach an agreement with Iran, but if a new cease-fire agreement cannot be reached, the US will resume military attacks on Iran. According to US media reports, while traveling to Michigan on the same day on the “Air Force 1” to attend the event, Trump said that negotiations between the US and Iran are currently “progressing well” and “I think something is likely to happen. If it happened, that's great; if it didn't, we're back to where we were two days ago”. He also said that the US military currently has sufficient ammunition stocks and has a large number of different types of ammunition. Referring to upcoming talks with Israeli Prime Minister Binyamin Netanyahu on the 28th, Trump said that the two “have some differences in their positions on the Iran issue, but overall they are very close.” In an interview with the US Axios News website on the same day, Trump said that he decided to suspend attacks on Iran in order to give negotiations a chance, but if diplomatic efforts fail, he may order the resumption of large-scale military operations. He also said, “Time is running out. Either fight quickly and make a quick decision, or just stop doing it”. Trump said that the reason he suspended his attack on Iran was because the mediating countries asked him to give him another chance to negotiate, and emphasized that he believes Iran is interested in reaching an agreement.

HSBC: The dollar is unlikely to rise significantly unless the Federal Reserve raises interest rates. HSBC Economics Paul Mackel said in a report that unless the Federal Reserve unexpectedly raises interest rates, its decision this week may not bring a new upward catalyst for the dollar. Federal Reserve Chairman Walsh has acknowledged that inflation is above target and expressed a commitment to price stability. He said that if this week's meeting only fits these views, the dollar is unlikely to rise sharply because the market is ready for interest rate hikes later this year. “However, we also recognize that some people are considering the idea of the Federal Reserve's surprise rate hike, just as it suddenly did in February 1994.” He said that if the market welcomed it as a cautious move, it would boost the dollar.

[Individual Stock News]

US agency: The number of cybersecurity breaches discovered by AI this year will double that of last year. The number of software security vulnerabilities discovered in popular technology products in 2026 is expected to reach about double the number discovered in 2025. This surge is mainly due to the continuous improvement of the capabilities of artificial intelligence systems. According to the US National Vulnerability Database, a total of 45,207 vulnerabilities were recorded from January to this Monday, which is close to the total for the full year of 2025. Last year, the number of vulnerabilities recorded in this database reached an all-time high. Oracle (ORCL.US) said its July monthly software update fixed 1,449 security flaws, a record high; the same period last year only included 309 fixes. Microsoft (MSFT.US) revealed 642 security flaws in July, which also reached a record high, almost five times the number in the same period last year. Google (GOOG.US) discovered and fixed 433 such bugs in its most recent Chrome browser update, compared to just 11 of the same update a year ago. Gabriel Shapiro, a prominent artificial intelligence research scientist at cybersecurity firm SentinelOne, said: “We must face up to the fact that these tools are empowering people to discover software vulnerabilities.” Doug Turner, Google Chrome's director of engineering, said the vulnerability was discovered “on an unprecedented scale and speed”, thanks to advances in artificial intelligence models and corresponding investments.

Media: Nvidia is betting on the co-founder of OpenAI to invest $5 billion in AI projects. Nvidia (NVDA.US) has agreed to invest $5 billion in SAFE Superintelligence, an artificial intelligence startup led by OpenAI co-founder Ilya Sutskevo, further strengthening the chipmaker's partnership with one of Silicon Valley's most watched artificial intelligence companies. Nvidia and SSI announced the deal on Monday as part of a “long-term partnership” where the startup will use Nvidia's latest Vera Rubin hardware. According to people familiar with the matter, Nvidia has agreed to invest around $5 billion. Such huge promises often depend on startups reaching certain critical milestones. The two companies declined to comment on the financial terms of the deal, saying only that the investment was “quite impressive.” This funding will help SSI build the computing power it needs to take advantage of one of its alleged research breakthroughs. The company said the investment will allow SSI to increase its usable computing power by a factor of 10 over the next 12 months.

[Major Bank Ratings]

Deutsche Bank: Lowers Tesla (TSLA.US) price target from $465 to $420

Bernstein: Raise Intel (INTC.US) price target from $100 to $110

HSBC Holdings: Lowers IBM (IBM.US) price target from $175 to $174