Overnight US Stock Market | The three major indexes were mixed; tech stocks rebounded strongly; Micron Technology (MU.US) rose nearly 3%

According to Zhitong Finance APP, on Monday, the three major indices showed mixed performance, with tech stocks making a strong rebound. Later this week, Tesla (TSLA.US) and Meta (META.US) will release their latest earnings reports.

[U.S. Stocks] At the close, the Dow Jones fell by 36.37 points, down 0.07%, to 51,966.03 points; the S&P 500 index rose 31.29 points, up 0.41%, to 7,690.73 points; and the Nasdaq rose by 290.85 points, up 1.11%, to 26,430.88 points. SK Hynix (SKHY.US) rose 4.6%, Micron Technology (MU.US) rose nearly 3%, Tesla (TSLA.US) rose 3.7%, and Amazon (AMZN.US) rose nearly 5%. The Nasdaq Golden Dragon China Index closed down 0.26%.

[European Stocks] The German DAX30 index fell by 302.43 points, down 1.18%, to 25,320.18 points; the UK FTSE 100 index fell by 118.00 points, down 1.08%, to 10,763.90 points; the French CAC40 index fell by 88.65 points, down 1.11%, to 7,868.05 points; the Euro Stoxx 50 index fell by 57.38 points, down 0.92%, to 6,146.85 points; the Spanish IBEX35 index fell by 290.38 points, down 1.50%, to 19,035.92 points; and the Italian FTSE MIB index fell by 763.68 points, down 1.53%, to 49,093.50 points.

[Foreign Exchange] The U.S. Dollar Index, which measures the dollar against six major currencies, rose by 0.14% on the day, closing at 101.980 in late trading. By the end of trading in New York, 1 euro was exchanged for 1.1212 U.S. dollars, lower than 1.1233 U.S. dollars from the previous session; 1 pound was exchanged for 1.3305 U.S. dollars, lower than 1.3319 U.S. dollars from the previous session. 1 U.S. dollar was exchanged for 158.52 Japanese yen, higher than the previous session's 158.05 yen; 1 U.S. dollar for 0.8265 Swiss francs, higher than 0.8242 Swiss francs from the previous session; 1 U.S. dollar for 1.4106 Canadian dollars, lower than the previous session's 1.4153 Canadian dollars; 1 U.S. dollar for 9.9200 Swedish kronor, higher than the previous session's 9.9192 kronor.

[Cryptocurrency] Bitcoin rose by 0.24%, quoted at $81,960 at the time of press. Ethereum rose by 0.23%, quoted at $2,401.

[Precious Metals] Spot gold fell by 0.1 to $4,165.94/ounce; spot silver fell by 0.77% to $56.986/ounce.

[Crude Oil] The price of light crude oil futures for November delivery on the New York Mercantile Exchange rose by $2.25 to settle at $103.66 per barrel, an increase of 2.22%; Brent crude oil futures for December delivery in London fell by $0.31 to settle at $109.55 per barrel, down 0.28%.

[Macroeconomic News]

U.S. Department of Energy: Plans to convert sanctioned oil tankers into compliant vessels to transport non-sanctioned crude oil. U.S. Energy Secretary Wright stated that the Trump administration is pushing to convert some sanctioned tankers through the approval process into compliant vessels. Investors plan to acquire and refurbish idle oil tankers for transporting non-sanctioned crude oil. Wright emphasized that this move is not to lift sanctions on tankers transporting Russian, Iranian, and other countries' crude oil, but rather to turn relevant vessels into legally operating tankers and ensure they no longer transport sanctioned oil. He estimated that there are about 1,600 "shadow fleet" vessels under sanction worldwide, and the related plan could ultimately add dozens or even hundreds of oil tankers to the legal fleet.

Hassett: CPI data shows inflation is "still a work in progress." U.S. National Economic Council Director Hassett stated that prices for items such as beef and eggs have declined, but September's consumer price data indicate the overall inflation issue still requires policy attention. Hassett said, "If you look back over the past three months, inflation appeared to be completely under control, but now it seems to be rebounding, requiring some intervention." He believes, "This could either be a short-term rebound in a downward trend or just a temporary fluctuation." Hassett also expressed respect for the central bank's independence and said Walsh will "do what he thinks is right." Hassett mentioned, "People are very optimistic about economic performance and are increasing their spending. Of course, that's exactly what the Federal Reserve needs to monitor."

Canada's September inflation rose slightly, but core indicators eased. Driven by higher gasoline prices, Canada's inflation rate for September edged up to 3.1% but indicators reflecting core inflationary pressures eased. Statistics Canada reported Monday that gasoline prices were up 27.8% year-on-year last month, compared to a 22.8% increase in August. Removing food and energy components, inflation stood at 2.1%. Meanwhile, the median and trimmed mean indicators of core inflation monitored by the Bank of Canada both fell slightly to 1.9% and 1.8%, respectively. In addition, the CPI index rose 0.1% month-on-month. Previously, economists had expected the overall inflation rate in September to rise from 3% in August to 3.2%, while the Bank of Canada's preferred core inflation indicators would remain unchanged. The slower pace of price growth and easing core inflation could provide some relief for the Bank of Canada's rate decision next week.

[Individual Stocks News]

Nvidia completes verification of quantum error correction technology, reducing required physical qubits by 90%. Nvidia (NVDA.US) announced that, using 8,192 GPUs from Germany's JUPITER supercomputer, it successfully simulated a 104-qubit fault-tolerant quantum computing system and verified a technique known as "magic state distillation." Nvidia stated this technology is expected to reduce the number of physical qubits required for fault-tolerant quantum computing by about 90%, with the simulation process shortened from weeks to days. This progress will help researchers pre-test and optimize quantum computer designs, though technical challenges remain for practical application.

Apple confirms new product launch event next week, expected to release first touch-screen MacBook Pro. Apple (AAPL.US) announced it will host a new product launch event on October 28 at 1:00 p.m. ET (October 29, 1:00 a.m. Beijing time) in Los Angeles. According to technology journalist Gurman, Apple is expected to unveil its first touch-screen MacBook Pro, a new Mac equipped with an M6 chip, and an iPad mini with an OLED display.