Global Markets: The three major U.S. stock indices closed higher, with the storage chip sector broadly up. Seagate Technology rose over 5%, hitting a record high.

U.S. stock market: The three major U.S. stock indexes all closed higher on April 6. By the close, the Dow Jones Industrial Average rose 165.21 points from the prior trading day to 46,669.88 points, up 0.36%; the S&P 500 rose 29.14 points to 6,611.83 points, up 0.44%; and the Nasdaq Composite rose 117.16 points to 21,996.34 points, up 0.54%.

Most large-cap technology stocks rose. Amazon, AMD, Apple, and Google all gained more than 1%. Nvidia edged up slightly, while Microsoft and Meta edged down slightly. Tesla fell more than 2%.

The storage chip sector rose. Seagate Technology jumped more than 5% to a record high. Micron Technology, Western Digital, and SanDisk rose more than 3%. Large bank stocks generally climbed, with Wells Fargo, Bank of America, and Citigroup all up more than 1%.

Popular Chinese concept stocks saw mixed moves. The Nasdaq China Golden Dragon Index fell 0.21%. iQIYI fell more than 4%, while XPeng Group fell more than 1%. Bawang Chaji (霸王茶姬) rose more than 3%, and Gaiot (高途) rose more than 2%.

European stock market: On Monday, due to the Easter holiday, European markets including the UK, Germany, Italy, France, Spain, and other countries were closed.

Commodities market: International oil prices rose on April 6. By the close that day, the WTI crude oil futures front-month continuous contract on the New York Mercantile Exchange rose by $1.07 to $112.61 per barrel, up 0.96%. The COMEX gold futures front-month continuous contract fell by $3.60, down 0.08%, to $4,676.1 per ounce. The COMEX silver futures front-month continuous contract fell by $0.11, down 0.15%, to $72.815 per ounce. Spot gold fell by $25.86, down 0.55%, to $4,650.56 per ounce. Spot silver fell by $0.21, down 0.29%, to $72.81 per ounce.

Overnight headlines

Iran issues a ceasefire offer with 10 demands to the U.S.; Trump: Meaningful but not good enough

On April 6, U.S. President Trump responded to Iran’s reaction to the ceasefire proposal the U.S. had put forward. Trump said the deadline for reaching an agreement set for Iran is Tuesday (the 7th). He also commented that Iran’s proposal was meaningful but not good enough. Trump further said that if it were up to him, he would “take away the oil.”

Trump issues another warning: If Iran does not “surrender” before 20:00 on the 7th, it will strike its civilian facilities

On April 6, at a news briefing held at the White House, U.S. President Trump said that if Iran fails to “surrender” before 20:00 on April 7 U.S. Eastern Time, he would launch strikes against Iran’s civilian infrastructure. Trump said an agreement he can accept must be reached before the deadline on April 7. He claimed that he intends to destroy Iran’s bridges and power plants, saying, “a plan has already been set,” and once it is launched, “every bridge inside Iran will be completely destroyed, and every power plant inside Iran will be completely disabled.” He also said that if the United States is willing, “the entire destruction process would only take four short hours.” However, he claimed, “he does not want this to happen.”

Oil market fully enters wartime logic: Saudi Arabia raises export premiums to a record level

The ongoing escalation of the Middle East conflict and the Strait of Hormuz being almost sealed have caused violent fluctuations in the energy market. Saudi Arabia has decided to raise the premium on crude oil it sells to Asia to a record level. According to leaked price lists, Saudi Aramco’s flagship product, “Arab Light,” has had its next-month sales premium to Asian refiners raised to a level that is $19.50 per barrel higher than the regional benchmark.

Trump’s “final deadline” puts heavy pressure on Iran; both global oil price benchmarks jump higher

On Monday (April 6), during U.S. stock trading, U.S. President Trump again issued threats to Iran, and the financial markets saw clear volatility. Both major international crude oil benchmark prices jumped higher at the same time. At the time, Trump claimed at a news briefing at the White House that if Iran fails to “surrender” before 20:00 on April 7 U.S. Eastern Time, he would launch strikes against Iran’s civilian infrastructure.

Rival about to enter Wall Street; Micron’s “sole-supplier dividend” may be challenged

In recent weeks, Micron Technology’s stock price performance has been poor. Especially as its South Korean competitor, SK hynix, is set to list on U.S. stocks, its situation is becoming more complicated. As the world’s third-largest memory chip manufacturer, Micron had a strong start this year, with its stock price climbing by more than 45% at one point in January, ranking second among S&P 500 constituent stocks.

Is Hormuz not fully blocked? Analysts personally investigate the front line: Iran has established an “on-the-water navigation management system”

Research firm Citrini Research released a report over the weekend that can be considered sensational—not only because its conclusions run counter to the current market consensus, but also because the report was written after analysts traveled to the Strait of Hormuz to conduct on-site investigation. The report’s conclusion is that the Strait of Hormuz has not been completely closed, and Iran has established an “effective navigation management system.”

U.S. “Artemis 2” crewed lunar flyby breaks the record for the farthest human flight from Earth

According to a report from the U.S. National Aeronautics and Space Administration (NASA) on April 6, at around 2 p.m. Eastern Time that day, the ongoing crewed lunar flyby mission “Artemis 2” broke the human record for the farthest distance from Earth previously set by the Apollo 13 lunar mission in 1970.

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