On July 2, the Dow Jones Index rose by 0.9%, reaching a new all-time high, with component stocks Nike, Boeing, Apple, and Goldman Sachs leading the gains.
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Dow Jones Index Hits All-Time High
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Bitcoin Surpasses $62,000, Cryptocurrency Stocks Rally
On July 2, cryptocurrency-related stocks saw widespread gains, with Strive rising over 11%, Strategy nearly 10%, Circle over 9%, and Robinhood and Coinbase both increasing by over 8%. Bullish rose more than 6%, while Canaan Inc. and MARA Holdings gained over 5%. Trump Media Technology Group and Bit Digital both saw increases of over 4%. In news, Bitcoin rebounded, approaching the $62,000 mark, with a nearly 5% surge in the past 24 hours. -
Spot Gold Surpasses $4,140
On July 2, spot gold surpassed $4,140 per ounce, rising 2.71% during the day. -
Anthropic in Talks with Samsung for Custom AI Chips
According to three individuals directly familiar with the project, Anthropic has begun developing its own AI chips and is in negotiations with Samsung Electronics as a potential manufacturing partner, following in the footsteps of competitor OpenAI in an attempt to gain more control over the expensive computing systems behind its models. If the maker of Claude continues to advance this chip, it will be relatively new compared to other companies in the development of its own AI server chips. -
Spot Silver Reaches $62
On July 2, spot silver touched $62 per ounce, marking the first time since June 24, with an intraday increase of nearly 5%. -
Blue Owl Restricts Fund Redemptions Amid Private Credit Storm
On July 2, it was reported that for the second consecutive quarter, two private credit funds under Blue Owl Capital Inc. faced the largest redemption requests in the industry, forcing the company to once again limit investor redemptions. According to a letter to investors from Blue Owl on Thursday, the Blue Owl Credit Income Corp., one of the largest private credit funds in the industry with approximately $34 billion in assets, saw redemption requests in the second quarter amounting to 18.8% of the fund's total shares, corresponding to about $3.6 billion. This figure is lower than the $4.2 billion in redemption requests from the previous quarter. The smaller Blue Owl Technology Income Corp. received redemption requests in the second quarter that accounted for 38.1% of the fund's total shares, amounting to approximately $1.1 billion, compared to $1.2 billion in the first quarter. Blue Owl has been at the center of a storm sweeping through the $1.8 trillion private credit market. As investors accelerate withdrawals, the company, along with peers such as Apollo Global Management, Ares Management, BlackRock, and Blackstone, has implemented redemption restrictions. However, Blue Owl noted in the letter, 'We are encouraged that the amount of redemption requests for OCIC this quarter has slightly decreased compared to the previous quarter, and this improvement is reflected across different sales channels and regions.' -
Microsoft to Invest $2.5 Billion in New Applied AI Consulting Division
Microsoft has announced a $2.5 billion investment in its newly established 'Applied AI Consulting and Solutions' division to assist businesses in more efficiently deploying and customizing AI software. The market views this move as a further indication that the competition in AI is shifting from model capabilities to a new phase focused on 'implementation and monetization capabilities.' -
FTSE China A50 Index Futures Rise Over 0.75%
On July 2, FTSE China A50 Index futures rose over 0.75%. -
Fed's Daly: Avoiding Hasty Reactions Amid Rapid Global Changes
On July 2, Fed's Daly stated that efforts should be made to obtain better inflation data whenever possible. Attention should be paid to improved inflation and labor data, but the targets should not be altered. In a rapidly changing world, there is a desire to avoid hasty reactions. I am a gradualist and prefer to proceed slowly. -
Hang Seng Index and Hang Seng Tech Index Futures Rise to 0.6%
On July 2, Hong Kong stock index futures rose in the night session, with the Hang Seng Index futures increasing by 0.6% and the Hang Seng Tech Index futures rising by 0.65%. -
Nasdaq 100 Futures Rise 0.7%, Semiconductor Stocks Surge in Pre-Market
On July 2, following the release of the U.S. non-farm payroll data for June, U.S. stock index futures surged, with Dow Jones futures up 0.36%, S&P 500 futures up 0.39%, and Nasdaq 100 futures up 0.71%. In individual stocks, Nvidia rose 0.5% in pre-market trading, while ASML, AMD, and TSMC increased by 2%. Intel, Micron Technology, and Lam Research saw gains of over 3%. These stocks had previously declined between 1% and 4%.
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