S&P Nasdaq Reaches New High, Chinese Index Outperforms

Anticipation of US-Iran peace talks heats up, with reports suggesting a preliminary agreement memorandum will be reached; oil prices plunge in response, further easing inflation concerns and bolstering the bond markets in Europe and the US.

In addition, strong financial results from tech giants such as ADP employment and AI chip companies have driven significant gains in the European and American stock markets, with the S&P and the NASDAQ reaching new highs.

US media reported on the 6th that two US officials and two other informed individuals revealed that the White House believes it is close to a one-page memorandum of understanding with Iran. This memorandum aims to end the war and set a framework for more detailed nuclear negotiations.

The report states that the US is expected to receive responses from Iran on several key terms within the next 48 hours. Trump said on Wednesday:

We have had very good talks, and it is highly likely that an agreement will be reached.

However, the market is not without reservations about this narrative. Several Iranian officials subsequently publicly stated that the US proposal is "unrealistic," and Trump also warned that if no agreement is reached, more bombings will be imposed.

Following Trump's statement that an agreement with Iran is imminent, WTI crude oil once plunged more than 13% during the trading day, and the crude oil quickly rebounded with a 10% increase from the daily low due to Trump's warning before the US stock market opened.

In the past few weeks, due to a series of hasty measures such as ceasefires and blockades, crude oil prices have been maintained at key levels.

The S&P Index and the NASDAQ once again set historical records on Wednesday, and the Dow Jones Industrial Average once returned to above 50,000 points during the trading session.

AMD announced the previous day after the market closed that its revenue guidance exceeded expectations, with its stock price soaring nearly 19% in a single day, boosting the overall strength of the technology sector. It is worth noting that AMD's stock is severely overbought, with its RSI indicator staying above 80 for 19 consecutive days.

Goldman Sachs technology sector expert Pete Callahan pointed out in a client report that the NASDAQ 100 Index achieved a rise of about 195 basis points that day, setting a record for the 20th single-day gain of more than 1% so far this year, driven mainly by the semiconductor sector.

The strong performance of the semiconductor sector has pushed the semiconductor/software sector to