US Stock Market Close: S&P 500 Fails to Break Through 6,000 Points Three Times, Circle's Stock Price Surges Over 600% in 11 Days After Listing

The US stock market, mired in various uncertainties, closed with a jump initially and then pull back on Friday. Meanwhile, the "triple witching day," when the second largest volume of options expired collectively this year, did not cause significant market fluctuations as expected.

As of Friday's close, the S&P 500 index fell 0.22% to 5,967.84 points.This marked the third consecutive trading day where the index briefly surged above 6,000 points during the session before retreating.The Nasdaq Composite Index fell 0.51% to 19,447.41 points, while the Dow Jones Industrial Average rose 0.08% to 42,206.82 points. For the entire week, the S&P 500 index fell 0.15%, the Nasdaq rose 0.21%, and the Dow rose 0.02%.

(Daily chart of the S&P 500 index, source: TradingView)

The reason for the initial "jump" at the opening on Friday wasFed Governor Waller's public statement that an interest rate cut could occur as early as July.However, the positive sentiment quickly dissipated after the market opened. Due to his "dovish" stance, Waller is seen as one of the potential candidates to succeed the Fed Chairman next year.

As a highlight for next week,Fed Chairman Powell will attend congressional hearings for two consecutive days.Unsurprisingly, global investors will once again listen to hours of "not rushing to cut interest rates, waiting for data."

While the broader market hesitated,the recently listed bull stock Circle continued to hit new highs on Friday,surging 20% to reach a share price of $240 (IPO price was $31), marking an increase of more than 6.7 times since its listing on June 5. Its market capitalization surged to $53.4 billion, approximately 383.8 billion yuan.

(Daily chart of Circle, source: TradingView)

Regarding the situation in the Middle East, US President Trump still provided only vague descriptions when leaving the White House on Friday.

According to CCTV News, in response to whether a decision had been made to strike Iran,Trump said, "I'm giving them some time, I think a maximum of two weeks." He added that the purpose of this move was to "see if people will come to their senses."

Performance of Popular Stocks

On Friday, US tech giants showed mixed performance, with Apple rising 2.25%, Microsoft falling 0.59%, Amazon falling 1.33%, Nvidia falling 1.12%, Google-A falling 3.85%, Tesla rising 0.03%, Meta falling 1.93%, and Advanced Micro Devices rising 1.14%.

Chinese ADRs continued to be dragged down by the broader market, with the Nasdaq Golden Dragon China Index closing down 0.92%.

As of the close, Alibaba fell 0.42%, JD.com fell 3.26%, Baidu fell 1.09%, Pinduoduo fell 1.02%, Bilibili fell 2.52%, NIO fell 0.29%, NetEase fell 0.03%, Futu Holdings fell 6.43%, TSMC fell 1.87%, Li Auto fell 1.55%, and EHang Holdings fell 2.7%.

Company News

[It is reported that NVIDIA plans to deploy humanoid robots on AI server production lines]

According to media reports, two sources familiar with the matter revealed that NVIDIA is in discussions with Foxconn to deploy humanoid robots at a new factory in Houston, Texas, US. The factory will be used to produce NVIDIA's AI servers.

[Tesla Provides More Details on Robotaxi Trial Operations]

The highly anticipated Tesla Robotaxi is set to hit the roads for trial operations in Austin, US, this Sunday. According to invitations sent by the company to some well-known influencers and investors who support Tesla, Tesla will equip the front seats of the vehicles with "safety monitors" to accompany passengers throughout the journey. This contradicts multiple statements made by Musk this year.

[American College of Cardiology Recommends GLP-1 Drugs for Obesity Patients to Prevent Heart Disease]

In a concise clinical guideline released on Friday, the American College of Cardiology (ACC) recommended that obesity patients could use new-generation weight-loss drugs as early as possible, making them the first line of defense in preventing heart disease. The core change this time is that ACC previously recommended patients to "prioritize lifestyle interventions before considering weight-loss drugs."

[Meta Launches New AI Smart Glasses]

On Friday (June 20th) local time, tech giant Meta announced on its official website that it has partnered with European eyewear manufacturer EssilorLuxottica to launch a new glasses product line, Oakley Meta. The new products are targeted at athletes and sports enthusiasts, with a starting price of $399, and will be available this summer.

[Apple Sued Over AI Development Disclosure Issues]

Apple Inc. is facing a class-action lawsuit from shareholders for underestimating the time required to integrate advanced AI features into its Siri assistant. According to the complaint filed in the Federal Court of San Francisco, Apple's false statements allegedly harmed iPhone sales and negatively impacted Apple's stock price. The complaint also seeks unspecified damages for shareholders who suffered losses within the year ending June 9th.