Overnight US Stock Market | Three Major Indices Close Higher, WTI Crude Oil Closes Above $100 for Third Consecutive Day

Crypto Insight APP reports that on Monday, the three major indices closed higher. Brent crude oil briefly fell below $100, while WTI oil prices retreated to below $95 per barrel. U.S. President Trump stated that the war will end soon, but not this week.

【U.S. Stocks】 At the close, the Dow rose 387.94 points, up 0.83%, to 46,946.41; the Nasdaq increased 268.82 points, up 1.22%, to 22,374.18; the S&P 500 gained 67.19 points, up 1.01%, to 6,699.38. Tech stocks mostly rose, with Micron Technology (MU.US) up over 3.68%, SanDisk (SNDK.US) up 6.35%, NVIDIA (NVDA.US) up 1.65%, Tesla (TSLA.US) up 1.11%, Lyft Inc (LYFT.US) up 3.67%, closing nearly 3% higher after hours. Lyft will use NVIDIA’s AI technology to enhance its machine learning systems in global operations.

【European Stocks】 Germany’s DAX 30 index rose 128.43 points, up 0.55%, to 23,564.72; the UK FTSE 100 increased 61.39 points, up 0.60%, to 10,322.54; France’s CAC 40 rose 24.44 points, up 0.31%, to 7,935.97; Europe’s STOXX 50 gained 25.74 points, up 0.45%, to 5,742.35; Spain’s IBEX 35 increased 33.20 points, up 0.19%, to 17,092.50; Italy’s FTSE MIB rose 20.58 points, up 0.05%, to 44,337.50.

【Asian Markets】 Nikkei 225 fell 0.13%, South Korea’s KOSPI rose 1.14%, Indonesia’s Jakarta Composite Index dropped 1.61%.

【Cryptocurrency】 Bitcoin rose over 2%, trading at $74,282.25; Ethereum surged over 7%, at $2,351.

【Crude Oil】 Brent crude settled above $100 for the third consecutive trading day, the longest streak since August 2022. Investors weighed signs of ample short-term supply against increasing military threats to energy infrastructure in the Middle East. As of the close on the 16th, NYMEX April crude futures fell $5.21 to $93.50 per barrel, down 5.28%; London Brent crude futures for May delivery declined $2.93 to $100.21, down 2.84%.

【US Dollar Index】 The dollar index, measuring the dollar against six major currencies, fell 0.65% to 99.705 at the end of the trading day. At the New York close, 1 euro exchanged for 1.1521 USD, up from 1.1440; 1 British pound exchanged for 1.3333 USD, up from 1.3245. The dollar traded at 158.95 yen, down from 159.61; 0.7867 Swiss franc, down from 0.7899; 1.3670 Canadian dollar, down from 1.3734; 9.3263 Swedish krona, down from 9.4467.

【Metals】 Precious metals continued recent declines, with spot gold down 0.25%, at $5,006.46; spot silver closed at $80.781.

【Macro News】

Trump administration requests judge to reconsider ruling blocking criminal investigation of Powell. Court documents released Monday show the Trump administration has asked the judge to reconsider a previous ruling that effectively blocked a criminal investigation into Federal Reserve Chair Powell. U.S. District Judge James Boasberg in Washington unsealed a ruling last Friday that blocked multiple subpoenas issued in January this year. These subpoenas sought information about the Fed’s headquarters renovation overruns and Powell’s congressional testimony last year. The Department of Justice urged the judge to review the decision in a new court filing. Prosecutor Jeanine Pirro and her team in Washington argued that the judge “applied the wrong legal standard” and “made errors on several key factual issues.” The motion was filed under seal last Thursday but was made public on Monday at Pirro’s office’s request.

CBOE plans to extend trading hours. The Chicago Board Options Exchange (CBOE) Global Markets has submitted a proposal to extend trading hours for its stock and options exchange, EDGX. The operator announced Monday that all listed NMS stocks could be traded on EDGX from 9 p.m. Sunday to 8 p.m. Friday Eastern Time. The company plans to pause trading for one hour from 8 p.m. to 9 p.m. ET Monday through Thursday. CBOE noted that demand outside traditional trading hours for U.S. stocks has increased in recent years. CBOE already operates around-the-clock trading through its proprietary index futures, options, and global forex markets. Oliver Sung, head of CBOE North American equities, said the filing with the SEC is a step toward readiness for a December launch. CBOE offers stock and derivatives trading platforms, including products linked to its flagship VIX volatility index, often called the “fear gauge” of the market.

SEC may propose removing quarterly reporting requirements next month. Sources say the SEC is drafting a proposal to eliminate the requirement for listed companies to report quarterly earnings, allowing companies to choose to disclose semi-annual reports instead. The proposal could be announced as early as next month. Regulators have consulted with major exchanges on potential rule adjustments. Once released, the proposal will enter a public comment period, typically lasting at least 30 days, followed by SEC voting. The rule is expected to make quarterly reports optional rather than abolishing them entirely. In September last year, Long-Term Stock Exchange petitioned the SEC to remove quarterly reporting requirements. Shortly after, Trump and SEC Chair Gensler expressed support. For over 50 years, U.S. public companies have reported earnings quarterly.

【Stock News】

NVIDIA (NVDA.US) CEO Jensen Huang raises earnings forecast aiming for trillion-dollar revenue. NVIDIA expects its Blackwell and Rubin chips to generate at least $1 trillion in revenue by the end of 2027. Previously, the company forecast these chips would bring in $500 billion in sales by 2026. Huang announced this updated outlook during NVIDIA’s GTC event, further boosting optimism. The company has accelerated its technology development in recent years, aiming to refresh its entire product line annually and add new components. Its next-generation AI processor, Vera Rubin, is scheduled to appear in systems in the second half of 2026. Despite the impressive sales growth, NVIDIA’s stock has stagnated in recent months. Before today’s speech, the stock had fallen 3.4% this year, but its market cap remains at an unrivaled $4.4 trillion.

Nebius (NBIS.US) partners with NVIDIA (NVDA.US) on robotics and physical AI. AI cloud computing firm Nebius announced a collaboration with NVIDIA to accelerate physical AI development through an end-to-end platform designed for the full robot lifecycle—from simulation and training to large-scale deployment. By integrating Nebius’s global AI cloud infrastructure with NVIDIA’s physical AI data factory blueprint (an open reference architecture for large-scale data generation and evaluation), Nebius aims to provide an agent-driven environment for robot developers and enterprises. This environment addresses two fundamental barriers to large-scale physical AI applications: infrastructure and toolchain fragmentation, and the lack of high-quality training data for rare, unpredictable scenarios.

【Major Bank Ratings】

Royal Bank of Canada raises target price for Micron Technology (MU.US) from $425 to $525.