Overnight US stocks | The situation in the Middle East worsened again, and the three major indices fell, and Dell (DELL.US) rose nearly 10% after the market

The Zhitong Finance App learned that on Tuesday, the three major indices fell, and the situation in the Middle East worsened again. US President Trump said on social media: “The US military is attacking Iranian targets near the Strait of Hormuz. The attack was large-scale and powerful, in response to Iran laying mines in the Strait of Hormuz and firing eight missiles at the US military base in Jordan. If this failed Iranian nation retaliates for this completely justified attack, they will be hit harder and more intensely, but this is not the most lethal attack. The final attack is being prepared. Once it is over, there will be little left in Iran.”

[US Stocks] At the close, the Dow Jones index fell 418.49 points, or 0.79%, to 52767.41 points; the S&P 500 index fell 54.61 points, or 0.71%, to 7631.53 points; the Nasdaq Composite Index fell 271.11 points, or 1.03%, to 26099.77 points. Oracle (ORCL.US) fell 5%, Micron Technology (MU.US) and SK Hynix (SKHY.US) fell more than 2%, Apple (AAPL.US) rose 2%, and Dell (DELL.US) fell 7%. The Nasdaq China Golden Dragon Index closed down 0.34%.

[European stocks] The German DAX30 index fell 321.10 points, or 1.22%, to 25960.39 points; the British FTSE 100 index fell 34.18 points, or 0.32%, to 10790.08 points; the French CAC40 index fell 32.65 points, or 0.39%, to 8301.85 points; the Eurostock 50 index fell 52.81 points, or 0.82%, to 6367.35 points; Spain's IBEX35 index fell 169.66 points, or 0.85%, to report 19818.74 points; Italy's FTSE MIB index fell 677.19 points, or 1.29%, to 51935.50 points.

[Asian stock market] The Nikkei 225 index fell 0.15%, and Korea's KOSPI index rose 0.23%.

[US Dollar Index] The US dollar index, which measures the US dollar against the six major currencies, rose 0.25% on the same day and closed at 99.677 at the end of the foreign exchange market. As of the end of the exchange market in New York, 1 euro was worth 1.1590 US dollars, lower than 1.1616 US dollars on the previous trading day; 1 pound was worth 1.3514 US dollars, lower than 1.3550 US dollars on the previous trading day. 1 US dollar was worth 160.20 yen, up from 159.80 yen on the previous trading day; 1 US dollar was worth 0.8118 Swiss franc, higher than 0.8083 Swiss franc on the previous trading day; 1 US dollar was worth 1.3894 Canadian dollars, higher than 1.3855 Canadian dollars on the previous trading day; 1 US dollar was worth 9.6188 SEK, up from 9.5767 on the previous trading day.

[Cryptocurrency] Bitcoin fell 1.87% to $77,126 as of press release; Ethereum fell 2.48% to $2,406.

[Crude oil] Light crude oil futures for October delivery on the New York Mercantile Exchange rose $4.46, or 5.2%, to close at $90.22 a barrel; London Brent crude oil futures for November delivery rose $4.16, or 4.6%, to close at $94.65 a barrel.

[Precious Metals] Spot gold fell 2.69% to $4328.89; spot silver reported $64.105.

[Macro News]

Iran says it has launched missiles and drones at US bases. According to reports, Iran's armed forces have begun operations against the US, and Iranian missiles and drones are attacking US bases and interests in the region. The exact location and target are currently unknown. Earlier, several explosions were heard on Qeshm Island and the Strait of Hormuz in southern Iran. There are currently no reports of casualties or damage to facilities. The US Central Command said that at 12:00 EST on September 1, the US military began attacking Islamic Revolutionary Guard Corps targets in Iran. The General Staff of Iran's armed forces issued a statement on the 1st saying that in response to US air raids on targets in the country's Sistan-Baluchestan and Hormozgan provinces, Iran's armed forces will deal a destructive blow to the US enemy.

The 10-year US Treasury rose to 4.8%. Investors are betting that the US long-term yield will continue to rise. According to reports, traders are fighting to counter the risk of a further decline in US Treasury bonds, and concerns about budget deficits and inflation have pushed yields to multi-year highs. Notable operations include the opening of a $6.5 million position on Monday, with the goal of a 30-year yield rising to 5.7% by the end of November. David Roberts, head of fixed income at Nedgroup Investments, said, “Currently, it is difficult to see a turning point in the fate of bonds. Of course, a long-term solution to the Iran issue will help.” Other positions established on Monday include SOFR Options' new risk appetite upward protection. According to CME open position data, these strategies cover the scenario where the 10-year yield rises to about 4.85% and the 5-year period to 4.6% in the next few weeks. On Tuesday's intraday, the 10-year yield hit 4.8%, the highest since 2025. Analysts say bond anxiety is likely to persist in the long term rather than the short end controlled by the Federal Reserve.

The US Congress passed a temporary funding bill to avoid a government shutdown. The US Congress passed a temporary funding bill to avoid a government shutdown on October 1. The House of Representatives passed the bill with 370 votes in favor and 48 against, providing funding for the government until December 11, and has now been sent to Trump. The bill was previously approved by the Senate to postpone the government funding dispute until after the November midterm elections. Since the National Assembly has yet to pass any of the 12 annual appropriations bills before the new fiscal year begins, temporary measures are needed to maintain the operation of the government. House Appropriations Committee Chairman Tom Cole said, “The bill contains no controversial provisions, and there are no additional partisan provisions.” He said the bill was supported by the White House. After the bill is passed, discussions will be postponed, including disputes such as an increase in the Pentagon budget and further cuts in social security programs proposed by the Republican Party. Meanwhile, congressional Republicans plan to defer another $95 billion Iran war emergency funding bill until after the election; a proposal to increase the Pentagon's basic budget of $350 billion was also postponed until the fall.

[Individual Stock News]

Dell raised its annual revenue forecast sharply and demand for AI servers continues to be strong. Dell (DELL.US) drastically raised its annual sales forecast, reaching an increase of 25 billion US dollars, exceeding analysts' expectations, further indicating that demand for servers required to run artificial intelligence tasks continues to soar. The company said on Tuesday that revenue for the fiscal year ending January 2027 is expected to be around US$1920 billion, of which AI server sales are expected to reach US$74 billion. This forecast is higher than the US$167 billion given by the company in May, and also exceeds the average analysts' expectations of US$173.8 billion. Dell expects AI server sales to triple from the previous fiscal year. This is also the fifth consecutive quarter that Dell raised its fiscal year revenue expectations and surpassed market expectations. At a time when demand for AI is booming, Dell is continuously receiving orders for servers equipped with Nvidia's AI chips, and demand for traditional servers is also growing. At one point, Dell's US stock rose nearly 10% after the market.

SpaceX (SPCX.US) is reported to be restructuring the data center leadership after aggressive expansion. According to reports, people familiar with the matter revealed that in recent weeks, Elon Musk has adjusted SpaceX's team responsible for data center construction, replaced several leaders, and transferred executives from the rocket and satellite internet business to strengthen data center infrastructure construction. Two people familiar with the matter said that the data center restructuring was due to some civil engineering issues and ongoing reliability issues at SpaceXAI's existing data center facilities in Tennessee and Mississippi. In the early stages of artificial intelligence infrastructure construction, SpaceXAI rushed to quickly build these data centers, causing some facilities to operate for months without backup cooling and power systems. People familiar with the matter said this increased the risk of system downtime.

OpenAI: The Astra model is about to be launched, but it will limit network security features. OpenAI plans to launch the Astra model soon, but it will limit the scope of use of its most advanced cybersecurity features. The company said on Tuesday that the model will be released “soon,” but did not reveal a specific time. According to the company, Astra's advanced cybersecurity capabilities will initially be open to only a few testers, and will later provide more users with access for defensive purposes through the Daybreak Blue project, along with cybersecurity protection measures. OpenAI suspended part of Astra's internal work in August to strengthen security protection. The company said on Tuesday that Astra has reached a “critical cybersecurity threshold” and can identify and develop zero-day exploits without intervention. To prevent misuse, OpenAI has further strengthened model protection measures, including monitoring unauthorized behavior and automatically stopping related activities.

Anthropic released Fable 5.1 to improve programming capabilities and reduce costs. Anthropic has launched a new artificial intelligence model, Fable 5.1, which it says performs better in programming and scientific tasks while being more cost effective. On the programming side, Fable 5.1 excels at handling long-term, complex tasks, including software project development, code review, and complex scenarios involving the entire application code. Scientific capabilities have also been enhanced, covering design of experimental protocols, simulation of experimental results, and reading complex charts and data tables. In terms of cost, enterprise users are priced at the same level as Fable 5, but the model recalling the portion of the processed information is reduced by 75%. This process may account for more than half of the word element usage in long texts and complex tasks, and it is expected that the overall operating cost will be significantly reduced after the price reduction. In terms of security, Fable 5.1 has upgraded the classifier to identify risk instructions more accurately, reduce misunderstandings, and can be used more efficiently by cybersecurity and biology-related users. Additionally, Anthropic plans to allow enterprise customers to keep the strongest model data in their own cloud infrastructure instead of their servers, while continuing to perform security checks.