Huoxing Finance reports: On August 1, overnight and into the morning, U.S. equities continued their rebound. According to BIT (bit.com) market data, among individual stocks, Amazon rose over 15%, Apple initially dropped more than 10% before closing down 7.35%. Additionally, Google rose 6.73%, NVIDIA rose 2.93%, Meta Platforms rose 3.28%, Microsoft rose 3.02%, and SpaceX fell 3.41%. AI-related stocks also showed mixed performance: SK Hynix closed down 3.58%, Micron fell 5.93%, while MRVL rose 2.32%, driving broad gains among small-cap CPO-themed stocks. LITE rose 2.93%, and COHR rose 5.55%. AI stocks held by the so-called "AI stock guru" that surged over 20% the previous day generally corrected, with NBIS rising only 1%; storage stocks also saw broad corrections, with SanDisk falling more than 5%. Meanwhile, market data shows the FOMC curse struck crypto again on Friday: Bitcoin dropped over 3% overnight, currently trading at $62,988.10. Ethereum’s decline was relatively milder, trading at $1,866.70. On the news front, U.S. officials stated that Trump has ordered a new strike against Iran, aiming to force Tehran to surrender; the operation could begin as early as this weekend and last several days. In response to this news, crude oil prices on trade.xyz surged again, with Brent crude trading at $90.574, up nearly 4% in the past 24 hours.
Amazon Surges Over 15% as U.S. Stocks Rebound, FOMC Weighs on Crypto, Trump May Target Iran
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Summary
Amazon rose over 15% as U.S. stocks rebounded on August 1, while the FOMC event weighed on the crypto market, pushing Bitcoin down more than 3% to $62,988.10. Crypto analysis indicates heightened volatility amid macroeconomic uncertainty. Meanwhile, reports suggest Trump may order a new strike on Iran, driving Brent crude up nearly 4% to $90.574.
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