Overnight US stocks | The three major indices had mixed ups and downs, Bitcoin broke through $80,000, Strategy (MSTR.US) rose more than 16%

The Zhitong Finance App learned that on Friday, the three major indices had mixed ups and downs. Bitcoin broke through the 80,000 US dollar mark in one fell swoop, and concept stocks rose at the same time. U.S. crude oil closed the week basically flat, but remained above $100 per barrel.

[US stocks] At the close, the Dow fell 95.39 points, or 0.18%, to 51682.64 points, down 1.69% this week; the S&P 500 index rose 12.74 points, or 0.17%, to 7650.50 points, down 0.08% this week; the NASDAQ rose 104.24 points, or 0.39%, to 26522.54 points, up 0.72% this week. Strategy (MSTR.US) rose more than 16%, Coinbase (COIN.US) rose more than 11%, Robinhood (HOOD.US) rose more than 9%, Circle (CRCL.US) rose 7.8%, SanDisk (SNDK.US) rose 10.99%, SK Hynix (SKHY.US) rose 2.46%, Micron Technology (MU.US) rose 3.92%, Nvidia (NVDA.US) rose 1.34%; Qualcomm (QCOM.US) fell 5.82%, Dell ( DELL.US) fell 3.3%, and SpaceX (SPCX.US) fell 1.36%. The Nasdaq China Golden Dragon Index rose 0.78%, and Alibaba (BABA.US) rose 4.34%.

[European stocks] The German DAX30 index fell 424.38 points, or 1.65%, to 25308.88 points; the UK FTSE 100 index fell 165.12 points, or 1.53%, to 10651.02 points; the French CAC40 index fell 121.91 points, or 1.49%, to 8065.02 points; the European Stoxx 50 index fell 87.45 points, or 1.38%, to 6235.45 points; Spain's IBEX35 index fell 334.79 points, or 1.69% , reported 19501.41 points; Italy's FTSE MIB index fell 846.00 points, or 1.61%, to 51539.50 points.

[Asian Stock Market] The Nikkei 225 Index rose 1.38%, and the Korea Composite Index rose 2.66%.

[US Dollar Index] The US dollar index, which measures the US dollar against the six major currencies, fell 0.03% on the same day and closed at 100.222 at the end of the foreign exchange market. As of the end of the exchange market in New York, 1 euro was worth $1.1483, up from $1.1475 on the previous trading day; 1 pound was worth $1.3391, up from $1.3353 on the previous trading day. 1 US dollar was worth 156.68 yen, up from 156.04 yen on the previous trading day; 1 US dollar was worth 0.8221 Swiss franc, lower than 0.8248 Swiss franc on the previous trading day; 1 US dollar was worth 1.3993 Canadian dollars, higher than 1.3992 Canadian dollars on the previous trading day; 1 US dollar was worth 9.8333 SEK, up from 9.8256 SEK on the previous trading day.

[Cryptocurrency] Bitcoin rose more than 6% to reach 80,000 US dollars. As of press release, 81,266.99; Ethereum reported $2,616.

[Crude oil] Light crude oil futures for October delivery on the New York Mercantile Exchange fell $1.61, or 1.58%, to close at $100.30 a barrel; London Brent crude oil futures for November delivery fell 95 cents, or 0.91%, to close at $103.87 a barrel.

[Precious Metals] Spot gold rose 0.85% to 4378.5 US dollars/ounce; spot silver rose 1.61% to 66.254 US dollars/ounce.

[Macro News]

Trump said the US and Denmark have agreed on a Greenland security agreement. US President Trump said that the US has reached an agreement with Denmark on the security issue of Greenland, saying that the arrangement will resolve America's concerns about local security and ensure that the US “permanently” has the capabilities needed to maintain the security of Greenland and the United States. Trump announced on social media that the agreement “addresses all major US concerns” and “does not require the US to bear the costs.” However, he did not publish the text of the agreement, nor did he disclose the specific terms. Currently, the US has a relevant defense agreement with Denmark, which allows the US military to be stationed in Greenland. Trump has long sought to strengthen America's influence on Greenland. Previously, the relevant position attracted the attention of European and NATO allies.

Federal Reserve Schmid: Treasury buybacks will not make the Fed's policy more difficult. Kansas City Federal Reserve Chairman Jeff Schmid said that the US economy currently remains strong and continues to grow. Schmid said that he agreed with Federal Reserve Chairman Kevin Walsh's explanation of the reason for the rise in US bond yields, that is, the recent rise in yield was mainly driven by capital demand and geopolitical challenges brought about by artificial intelligence investment, rather than simply due to monetary policy factors. Schmid also believes that the US Treasury's implementation of the treasury bond repurchase program will not make it more difficult for the Federal Reserve to implement monetary policy.

US investor sentiment fell to its lowest level since 2025. According to a weekly survey by the American Association of Individual Investors (AAII), as oil prices remained high and the Federal Reserve raised interest rates for the first time since 2023, investor sentiment deteriorated further and fell to its lowest level since 2025. According to the latest survey released by AAII on Friday, 53.3% of surveyed investors are bearish, more than half. Only 28.8% of investors are bullish, the lowest level in a year. Charles Rotblut, vice chairman of the American Association of Individual Investors, said in a statement that overall, the difference between the number of bullish and bearish players in the market has fallen to -24.5%. This level is “abnormally low,” and has been below the historical average of 6.5% for nine consecutive weeks. This is also the lowest level of the indicator since May 2025. The latest survey also showed that more than half of the respondents held a higher than normal level of cash allocation, which indicates that investors are more cautious. Among them, 19.1% of respondents said their cash allocation was “much higher than normal.”

[Individual Stock News]

Gemini's first case of autonomous access to an external system occurred. Google said there was no actual damage. Google (GOOG.US, GOOGL.US) said that the Gemini artificial intelligence model accidentally accessed the Internet during a network security capability test and entered the systems of 3 companies. This is the first known case where Google's AI system has independently completed such operations. The incident occurred in May, and security company Irregular conducted tests. During the test, the Gemini model performed tasks in a “capture the flag” cybersecurity exercise, but since the virtual company name in the test environment was the same as the real company, and the model unexpectedly obtained Internet access, it entered the real enterprise system. According to Google, in one of these incidents, the model entered the protected system by trying a password; in the other two, they discovered credentials in a public web warehouse and attempted to access the relevant system. After the models confirmed access to the actual company systems, all stopped subsequent operations. Google said that the incident did not cause damage to related companies, so it did not recognize it as an incident where the model got out of control, and said that security mechanisms helped the model stop acting in a timely manner. The affected companies have been notified, and Google has also notified the relevant regulators. This incident is similar to similar security test incidents previously disclosed by AI companies such as OpenAI and Anthropic, and has once again drawn attention from the outside world about the AI model's ability to independently perform network operations and security protection mechanisms.

A number of Nvidia executives revealed stock changes and Hwang In-hoon sold about 46,000 shares. A number of Nvidia (NVDA.US) executives disclosed stock transactions to the US SEC. Five executives, including CEO Hwang In-hoon, sold a total of nearly 150,000 shares of the company. Among them, Hwang In-hoon sold about 46,000 shares at a transaction price of about US$212 per share. According to company documents, most transactions are related to tax treatment after restricted stock ownership, that is, the company withholds some of the shares for tax purposes on behalf of the company's executives and is not actively reducing holdings. Nvidia Operations Executive Debora Shoquist, General Counsel Timothy Teter, and Chief Accounting Officer Scott Gawel also carried out similar operations. CFO Colette Kress (Colette Kress) sold approximately 35,000 shares through a previously set trading plan in addition to selling shares due to tax payments.

[Major Bank Ratings]

Bank of Montreal: Raising the Phillips 66 (PSX.US) price target from $260 to $310

Wells Fargo: Lowered Netflix's (NFLX.US) price target from $80 to $57. Raise Salesforce (CRM.US) price target from $230 to $250