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The World Bank will abandon its previous target of allocating 45% of its lending resources to projects with climate-synergistic benefits. It will extend its Climate Change Action Plan, but simultaneously scrap the previous 35% climate-synergistic lending target. The Climate Change Action Plan helps to better embed "smart development" into the needs and priorities of client countries.Iranian President: The relevant "memorandum of understanding" is a bilateral matter, and if the US abides by the terms of the agreement, Iran will also fulfill its own obligations.Sources say Comcast may build data centers to capitalize on the growth of artificial intelligence.The Dow Jones Industrial Average rose 305.97 points, or 0.59%, to close at 52,182.08 on Monday, June 29; the S&P 500 rose 86.34 points, or 1.17%, to close at 7,440.36; and the Nasdaq Composite rose 522.53 points, or 2.07%, to close at 25,820.14.On June 30th, Paul Ziana, head of technical research at Bank of America, stated that investors should hedge against further rallies in the S&P 500 and prepare for a potential "three-wave correction" in the coming months. Ziana wrote that the S&P 500 has risen nearly 17% since its March lows, but the rally has shown signs of fatigue since the benchmark index hit its recent peak on June 2nd. He indicated that the S&P 500 could fall to 6850 points, a drop of approximately 7.6% from current levels. Ziana stated, "The post-Iran ceasefire rally is becoming increasingly volatile as the risk of a correction accumulates." He added that price action appears "overstretched" and momentum is deteriorating, therefore a "defensive stance" should be adopted between July and September.

Technical Analysis

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