The Dow Jones Industrial Average turned positive, currently up 0.1%, the S&P 500 narrowed its losses to 0.7%, and the Nasdaq Composite fell 1.2%.

Key News 1. US President Trump stated on the 23rd that Iran has agreed to accept the highest level of inspections. Based on "significant concessions" from Iran, the US will allow the Strait of Hormuz to remain open and will no longer impose a maritime blockade. 2. Oman and Iran issued a joint statement saying that they will formulate an agreement on fees and services for the Strait of Hormuz, and they will also hold talks with coastal states in the region. 3. US ADP employment change for the week ending June 6 was 30,750, compared to 25,500 in the previous week. 4. Russian President Putin: Negotiations with Ukrainian President Zelensky are impossible given the attacks on civilian targets in Ukraine. 5. Iranian Foreign Ministry spokesman Bagaei stated that Iran will continue to pursue the responsibility of certain Middle Eastern countries that participated in the US-Israel aggression against Iran. Individual Stock News 1. US memory chip stocks plunged in pre-market trading, with SanDisk (SNDK.O), Micron Technology (MU.O), and Western Digital (WDC.O) all falling more than 7%. Asian stock markets also saw widespread declines, with the South Korean memory sector dragging down US memory stocks in pre-market trading. 2. JPMorgan upgraded IBM (IBM.N) from neutral to overweight and raised its price target from $270 to $291, citing confidence in continued accelerated growth in its software business. 3. According to sources, Qualcomm (QCOM.O) is in advanced talks to acquire AI chip startup Modular, with a deal valued at approximately $4 billion. 4. Data from the European Automobile Manufacturers Association shows that Tesla's sales in the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland doubled year-on-year in May. 5. SpaceX (SPCX.O) conducted a flight demonstration mission on Tuesday, June 23, successfully launching and recovering a reusable capsule into space. 6. According to data from Ornn, a New York-based computing power data provider, the hourly rental price of Nvidia's (NVDA.O) B200 chip has been declining since the end of May, reaching $4.22 by the end of last week. 7. NIO (NIO.N): The 9,000th NIO charging and battery swapping station officially went online in Ankang, Shaanxi Province. NIO has now built 9,003 charging and battery swapping stations, providing over 200 million charging and battery swapping services to date. NIO ranks first in the industry in both the scale of its battery swapping stations and charging piles.

Preliminary Eurozone June composite PMI 49.5; expected 49.1; prior 48.5. Reading remains below 50, signaling continued in contraction activity.