According to CNBC, BitMine Chairman Tom Lee stated that he expects the US stock market to perform stronger in July, and second quarter corporate profits are expected to exceed expectations. Tom Lee believes that the S&P 500 index can reach 8000 points within the year, and the upward potential may even reach 8400 to 8800 points by the end of the year. Tom Lee predicts that there may be a market correction between August and October, and the new framework of the Federal Reserve and the unlocking of SpaceX stocks may test the market within the year.

On July 6th, the US stock market closed with the Nasdaq index up 1.00%, the Dow Jones index down 0.11%, and the S&P 500 index up 0.45%.

US President Trump rings the opening bell for NYSE and NASDAQ in the Oval Office. （Cointelegraph）

The final value of the US S&P Global Services PMI for June was 51.2, compared to the previous value of 51.3; The final value of the US S&P Global Composite PMI for June was 51.9, compared to the previous value of 52.2.

SpaceX President Gwynne Shotwell announced that she and her husband will donate 2 million shares of SpaceX stock to the "Trump Account" program, with a total value of approximately $320 million based on a stock price of $160. Michael Dell and his wife have pledged to donate $62.5 million, Micron Technology has pledged $250 million, and BlackRock, Intel, and JPMorgan Chase will donate $1000. President Trump expects Musk to also donate SpaceX stocks, but Musk has not publicly responded so far.