Ge Long Hui·2025-07-03 23:04Market Overview - US stock indices closed higher, with the Dow Jones up 0.77%, Nasdaq up 1.02%, and S&P 500 up 0.83% [1] - The VIX index decreased by 1.56% to 16.38, indicating reduced market volatility [1] - The US dollar index rose by 0.35% to 97.12, while the yield on the 10-year Treasury bond increased by 1.308% to 4.337% [1] - Spot gold fell by 0.93% to $3325.87 per ounce, and Brent crude oil decreased by 0.35% to $68.88 [1] Industry & Stocks - Most major technology stocks saw gains, with Nvidia up 1.33%, Microsoft up 1.58%, and Amazon up 1.59% [2] - CrowdStrike's target price was raised to $575 by Wedbush, reflecting increased demand driven by AI [5] - Datadog will join the S&P 500 index, replacing Juniper Networks, effective July 9 [5] Legislative Developments - The "Big and Beautiful" bill, a significant tax cut and spending proposal, passed the US House of Representatives with 218 votes in favor and 214 against [3][4] - The bill aims to reduce taxes by $4 trillion and cut spending by at least $1.5 trillion over the next decade [4] Company-Specific News - Apple is working on a foldable iPhone prototype, aiming for testing completion by the end of 2025, while the foldable iPad project is currently paused [6] - Foxconn has requested hundreds of Chinese engineers to return from its iPhone factory in India, impacting Apple's manufacturing expansion plans in South Asia [7] - The US government has lifted some export restrictions on EDA software to China, allowing major companies like Siemens and Synopsys to resume exports without special approval [8]