Overnight US Stocks | Three Major Indices Close Lower, US and Brent Crude Rise Over 4.5%, Dell (DELL.US) Rises Over 7%

CNBC Finance APP learned that on Tuesday, the three major indices closed lower as the market continued to focus on the latest developments in the Middle East. After the U.S. stock market closed, reports indicated that the U.S. may soon declare a one-month ceasefire in the Iran war.

According to reports, two officials familiar with diplomatic matters revealed that the U.S. has conveyed a 15-point plan to Iran aimed at ending the Middle East conflict. This reflects the Trump administration’s urgent efforts to find a way to end the conflict and address its economic impacts.

【U.S. Stocks】 At the close, the Dow fell 84.41 points, or 0.18%, to 46,124.06; the Nasdaq dropped 184.87 points, or 0.84%, to 21,761.89; the S&P 500 declined 24.63 points, or 0.37%, to 6,556.37. Dell (DELL.US) rose over 7%, Super Micro Computer (SMCI.US) increased 3%, Circle (CRCL.US) plummeted 20%. The Nasdaq Golden Dragon China Index fell 0.4%, Li Auto (LI.US) rose over 3%.

【European Stocks】 Germany’s DAX 30 rose 14.20 points, or 0.06%, to 22,609.45; the UK FTSE 100 gained 60.23 points, or 0.61%, to 9,954.38; France’s CAC 40 increased 17.72 points, or 0.23%, to 7,743.92; the Euro Stoxx 50 rose 1.64 points, or 0.03%, to 5,575.96; Spain’s IBEX 35 was up 0.81 points, or 0.00%, at 16,889.01; Italy’s FTSE MIB gained 132.70 points, or 0.31%, to 43,322.50.

【Cryptocurrency】 Bitcoin fell 0.92%, trading at $70,121.42; Ethereum remained relatively stable at $2,150.38.

【Crude Oil】 NYMEX May delivery light crude futures rose $4.22 to close at $92.35 per barrel, up 4.79%; London Brent crude futures for May delivery increased $4.55 to $104.49 per barrel, up 4.55%.

【U.S. Dollar Index】 The dollar index, which measures the dollar against six major currencies, rose 0.48% to close at 99.431. At the New York close, 1 euro exchanged for 1.1569 USD, below the previous day’s 1.1607; 1 British pound exchanged for 1.3366 USD, below the previous day’s 1.3425. The USD/JPY rate was 159.14, up from 158.45; USD/CHF was 0.7918, up from 0.7865; USD/CAD was 1.3783, up from 1.3719; USD/SEK was 9.3669, up from 9.3095.

【Metals】 Spot gold rose 1.59% to $4,476.83 per ounce; spot silver increased over 3%, trading at $71.303.

【Macro News】

Media reports suggest the U.S. plans a one-month ceasefire. Reports indicate that the U.S. may soon declare a one-month ceasefire in the Iran war, driven by U.S. Middle East envoy Witkov and Kushner. Analyst Eamonn Sheridan from Investinglive said this could mean a short-term reduction in geopolitical risks. The energy market’s reaction aligns with the removal of some war risk premiums. The decline in oil prices reflects that any signs of de-escalation in regional tensions— even if temporary—are highly sensitive. While such a ceasefire may not resolve broader conflicts, it suggests a potential short-term decrease in hostilities, reducing risks to regional energy infrastructure and shipping routes. For traders, oil prices have long carried significant risk premiums related to broader conflict concerns. Any reports hinting at a formal pause in hostilities could trigger rapid market re-pricing, especially if positions are skewed toward supply risk worries. This appears to be the case, but the sustainability of this trend depends on subsequent official confirmation and whether the proposed ceasefire gains clear support from relevant parties. Currently, this is an ongoing process, not a finalized agreement. The market will continue to monitor developments, including official statements, U.S. officials’ comments, and responses from other parties.

Iran states “non-hostile ships” can pass through the Strait of Hormuz after coordination. Iran has issued a letter to international maritime organization member states stating that “non-hostile ships” can pass through the Strait of Hormuz after “coordination with Iranian authorities.” In the letter distributed on Tuesday, Iran’s Foreign Ministry said Iran has “taken necessary and proportionate measures to prevent aggressors and their supporters from exploiting the Strait of Hormuz to advance hostile actions against Iran.” Currently, about 3,200 ships are stranded in the Persian Gulf, and since the conflict erupted, at least 22 ships have been attacked by Iran. The International Maritime Organization held an emergency meeting last week, negotiating to establish a humanitarian corridor for ships severely short of supplies to exit the Persian Gulf. Recent vessel tracking data shows Iran is allowing a small number of ships to pass through a route within its territorial waters. Analysts believe this route allows Iranian authorities to verify ships’ identities before allowing passage.

Goldman Sachs: If Iran war impacts economic growth, the dollar’s strength will fade. Goldman Sachs FX strategist said that if currency and interest rate markets shift focus from inflation consequences of the conflict to growth concerns, the dollar’s rally since the Iran war began could slow. Goldman Sachs’ Isabella Rosenberg wrote in a report on Tuesday: “While markets have largely viewed the oil shock as an inflation and trade condition event, a shift to greater growth downside risks could suppress the dollar’s broad appreciation against G10 currencies.” Analysts noted that in a scenario where growth worries lead to tightening, led by stocks, the yen and Swiss franc as safe havens would see the largest gains against the dollar. The report also states that concerns over growth risks would significantly worsen the outlook for emerging market currencies. Although Goldman Sachs still expects the dollar to appreciate against G10 currencies in this scenario, it may struggle to sustain the rapid surge seen in March.

【Individual Stocks】

Siri to receive AI upgrade, set to debut at Apple WWDC on June 8. Reports indicate Apple (AAPL.US) is testing a standalone Siri app and a new “Ask Siri” feature that will be integrated across all its software, as part of a broader AI overhaul. Insiders say Apple is modernizing Siri by giving it a new look and a chat-like experience. The new Siri is expected to be unveiled at Apple’s Worldwide Developers Conference on June 8, as part of iOS 27 and macOS 27.

Arm to sell its own chips for the first time to compete in AI market. Known for licensing technology to semiconductor manufacturers, Arm (ARM.US) will begin selling its own chips for the first time, aiming to capture a larger share of the booming AI device market. At an event in San Francisco on Tuesday, Arm announced that Meta (META.US) will be the first major customer for its AGI CPU chips. The product will feature up to 136 cores (a measure of processing power) and consume 300 watts. TSMC will handle manufacturing.