US President Donald Trump said on Wednesday that Iranian President Masoud Pezeshkian has requested a ceasefire from the US side, but stressed that any proposal would only be considered after the Strait of Hormuz resumes free navigation. US stocks continued to advance on Wednesday. The DJIA rose 250 points, or 0.5%; the S&P 500 gained 43 points, or 0.7%, while the Nasdaq led the rally, climbing 240 points, or 1.1%.

Iran threatened to attack US technology companies operating in the Middle East. However, as the chances of a US-Iran ceasefire increased, Alphabet (GOOG.US) gained 2%, NVIDIA (NVDA.US) rose 1%, while Microsoft (MSFT.US) and Apple (AAPL.US) traded steadily.

Oil prices retreated and fell below USD100, pressuring energy stocks. Chevron (CVX.US) and Exxon Mobil (XOM.US) both dropped more than 4%.

Among earnings-related movers, Nike (NKE.US) slumped 14% after its North America revenue for the previous quarter missed expectations.

Trump is scheduled to address the nation at 9 p.m. Eastern Time on Wednesday to provide the latest update on the US-Iran war.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

According to The Wall Street Journal on Wednesday, Microsoft (MSFT.US) plans to invest USD5.5 billion in Singapore by 2029 in cloud and artificial intelligence infrastructure.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Industry data showed that Tesla (TSLA.US) saw signs of a sales rebound in Europe in March, with vehicle sales in France surging 2x YoY.

Data from French automotive association PFA indicated that 9,569 new Tesla vehicles were registered in France in March, up 203% YoY and slightly below the historical peak of 9,572 units recorded in December 2023.

In Norway, Sweden and Denmark, Tesla registrations rose 178%, 144% and 96%, reaching 6,150 units, 1,447 units and 1,784 units, respectively.

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Kong Yanshuang, Tesla (TSLA.US)'s former general manager for China operations, has joined XIAOMI-W (01810.HK) to take over the responsibilities of car sales from Xiaomi Auto's former director Li Xiaorui, Chinese media reported, citing sources.
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The Iran's Islamic Revolutionary Guard Corps (IRGC) announced it will target US companies in the Middle East starting today (1st) as retaliation for actions against Iran by these companies, an Iranian state-run media outlet reported.

The 18 named companies include Microsoft (MSFT.US), Google under Alphabet (GOOGL.US), Apple (AAPL.US), Intel (INTC.US), IBM (IBM.US), Tesla (TSLA.US), and Boeing (BA.US).

The IRGC stated that these companies should expect attacks on their respective departments starting at 8 PM, Iran time, today (12:30 AM on April 2, Hong Kong time) owing to their terroristic actions against Iran.
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Amid concerns over AI prospects, Microsoft (MSFT.US) stock price plunged 23% in the first quarter of this year, marking the largest quarterly slump since the 2008 financial crisis, far more than the declines of other tech peers and the Nasdaq's 7% drop.

Microsoft shares rebounded with the market on Tuesday, closing up 3.1%, the largest single-day gain since July. However, for the entire quarter, the cumulative downfall was as high as 23%, sharply underperforming the market.
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US bourse leapfrogged Tuesday as investors were hopeful that the US-Iran war may soon come to an end. The Nasdaq closed up 795 points or 3.8%, at 21,590; the S&P 500 lifted 184 points or 2.9%, closing at 6,528; and the DJIA also soared 1,125 points or 2.5%, closing at 46,341.

Both the US and Iran were inclined to end the war, as US President Donald Trump reportedly told aides that he is willing to end military hostilities in the Middle East even if the Strait of Hormuz remains closed. Iranian President Masoud Pezeshkian is also reportedly willing to ceasefire if guarantees are provided.

With the conclusion of Iran war around the corner, the global tourism industry was envisioned to recover, with United Airlines (UAL.US) and Carnival Corporation (CCL.US) each surging by 8%.

Tech stocks experienced a revival on Tuesday, with the State Street Technology Select Sector SPDR ETF (XLK.US) up over 4%. NVIDIA (NVDA.US) planned to invest USD2 billion in Marvell (MRVL.US), with the latter's stock price swelling 13% and NVIDIA spiking 5.6%. Microsoft (MSFT.US) mounted 3.1%.
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Nasdaq (NDAQ.US) is set to introduce new rules to, among others, speed up the inclusion of newly listed large companies into its Nasdaq-100 Index.

Cameron Lilja, Nasdaq's global head of index solutions, told Reuters that the company is reforming the rules to ensure that newly listed large companies and those transferring boards can join the Nasdaq-100 Index without a prolonged waiting period.

These new rules will take effect on May 1, but changes in the index components are expected to occur in June. The new rules include a fast-track inclusion mechanism, under which Nasdaq will rank the market cap of new stocks on the 7th trading day and assess whether these new stocks are among the top 40 index components for potential eligibility.

If a new stock meets all eligibility criteria, it will be fast-tracked into the Nasdaq-100 Index after the 15th trading day.
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Nasdaq led the decline on Monday as tech stocks plummeted owing to further spikes in oil prices, while the market neglected Federal Reserve Chairman Jerome Powell's comments on inflation stabilizing.

The Nasdaq sank 153 points or 0.7% to close at 20,794. The S&P 500 finished down 25 points or 0.4% at 6,343. The DJIA edged up by 49 points or 0.1% to end at 45,216.

Iran slapped transit fees on the Strait of Hormuz and banned US and Israeli vessels from passing through, causing New York oil futures to surpass USD100 for the first time since the conflict began.

Major techs wiped off early gains and turned south, with memory stocks leading the downfall. Micron (MU.US) slid 10%. Sandisk (SNDK.US) and Western Digital (WDC.US) also dived 7% and nearly 9%, respectively.

NVIDIA (NVDA.US) and Apple (AAPL.US) each fell about 1%. However, Meta (META.US) leaped 2% against the market.
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Anthropic, the developer behind Claude, is considering going public in the US as early as October, according to foreign media reports.

The company is currently in discussions with Goldman Sachs, JPMorgan, and Morgan Stanley. The fundraising amount could exceed USD60 billion.
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