【US Stock Market Report】Iran Reportedly Rejects US Ceasefire Agreement, Iranian Nuclear Power Station Attacked Again; Brent Oil Surges Above 100 Mark; Dow Jones Up 333 Points (Continuous Updates)

Iran’s Fars News Agency on Wednesday (25th) quoted sources as saying that Iran has stated it will reject the U.S. proposed ceasefire, continuing attacks on Israel and Gulf Arab countries. It also criticized President Trump’s approach of starting indirect negotiations at this stage as illogical and unfeasible. Iran emphasized that it is focused on achieving its goals, and only when these goals are met can the war end—not through a ceasefire. The news caused oil prices to decline slightly, with New York May futures down 4.1% at $88.59, and Brent May futures down 4% at $100.34.

Iranian state media Press TV cited reports from the Atomic Energy Organization of Iran, stating that the Bushehr nuclear power plant was attacked again on Tuesday at 9 p.m. local time. The plant was previously attacked in mid-March, but the International Atomic Energy Agency (IAEA) reported that the reactor itself was not damaged.

Although war negotiations remain uncertain, U.S. stocks opened higher on Wednesday. As of 12:49 a.m. Hong Kong time, the Dow Jones Industrial Average was up 333 points at 46,457, the S&P 500 rose 44 points to 6,599, and the Nasdaq increased 1% to 21,970. Gold futures in New York rose 3.5% to $4,588, and spot gold increased 2% to $4,566.

Iran reiterated that non-hostile ships can pass safely through the Strait of Hormuz with coordination. Marine Traffic data shows that nine ships have passed through the Strait since Monday (23rd).

In key stocks, Tesla’s official video revealed details about Optimus, including development environment, reduction gearboxes, and dexterous hands. Tesla claims Optimus will fundamentally change the labor and manufacturing economy. Elon Musk said that Optimus 3 is expected to start production this summer and could achieve mass production by 2027. Tesla (NASDAQ: TSLA) pre-market shares rose over 1%, currently at $389.14.

Memory chip stocks tumbled against the trend, with Micron (NASDAQ: MU) opening down 6% and SanDisk (NASDAQ: SNDK) dropping more than 7%. The declines were mainly due to reports that South Korean semiconductor giant SK Hynix plans to go public in the U.S.

Foreign media reported that SK Hynix has submitted confidential filings to the U.S. Securities and Exchange Commission (SEC) and plans to issue American Depositary Receipts (ADRs) within the year. A SK Hynix spokesperson said that measures to enhance shareholder value, including issuing ADRs, are under review, but no final decision has been made.

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Market Trends:

[22:40] Dow Jones up 371 points

[21:30] Brent crude down 5%, falling below $100; Dow up 580 points, Nasdaq up 1.2%, Micron down 6%

[17:55] Iran war negotiations “show signs of warming”; Dow futures up 365 points, Nasdaq futures up 1%, Brent crude down 4% below $100

[14:54] Dow futures up 339 points at 46,754; S&P futures up 42 points at 6,648; Nasdaq futures up 160 points or 0.7% at 24,374

[14:54] NY spot gold up 3.3% at $4,578; spot gold up 1.7% at $4,549

[13:57] [AI+Sora] OpenAI suddenly halts Sora AI video generation, shocking the market. Disney’s project meeting ended 30 minutes before, and OpenAI was still promoting Sora the day before.

[13:52] [AI+IPO] SK Hynix plans to go public in the U.S. within the year, has filed with the SEC, and is rumored to raise up to $10 billion.

[13:32] [US Stock Analysis] US proposes ceasefire agreement with Iran; Dow futures up over 300 points. Analysis: Trump’s TACO, two major issues to watch in the future.

[11:01] [Iran Situation] JPMorgan’s Dimon: Long-term conflict could lead to lasting peace in the Middle East as regional powers’ interests align.

[10:48] [US-China Relations] Reports suggest Chinese investment firms are reconsidering reallocating assets to U.S. asset managers.

[10:26] [AI+AAPL] Is Siri no longer just a voice assistant? Apple upgrades Siri to a conversational AI with new “Ask Siri” features, expected to debut at WWDC in June.

[10:00] [Yen Trend] Yen to HKD at 4.93. Bank of Japan minutes: some members call for timely rate hikes to address inflation.

[09:58] [US Rate Cuts] Fed Governor Bostic: Rates may need to stay unchanged “for a while” amid Middle East risks.

[09:39] [Gold Price Trend] Gold ends nine consecutive declines! Spot gold back above $4,500, with local gold prices rising by HKD 1,800 per tael.

[08:54] [ARM+Chips] Arm shares jump 8% after hours, plans to sell its own chips for the first time, expected to generate about $15 billion annually in five years. Meta is its first major customer.

[08:26] [IPO] SpaceX reportedly plans to file for an IPO as early as this week, potentially raising over $75 billion.

[08:23] [Iran Crisis] Trump: Iran will send a “big gift” today; Rubio and Vance involved in negotiations, on the condition that “they must not have nuclear weapons” (ongoing updates).

[08:01] [AI+Amazon] Software stocks hit hard again; Amazon reportedly developing new AI agents to replace some departments.

$1 and below for March 24 US stock market overview====

Tuesday: US seeks talks with Iran on Thursday; Brent stable, Dow narrows decline

Multiple U.S. media report that the U.S. is engaging with Iran regarding a ceasefire plan. Axios reports that the U.S. and mediators are discussing the possibility of high-level talks on Thursday, but are still awaiting Tehran’s response.

Market close updates:

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