01 Stock Market
As of Mar 5, the U.S. major indexes closed as follows:
The U.S. major indexes closed as follows: Dow Jones up 0.49% at 48739.41; S&P 500 up 0.78% at 6869.50; NASDAQ up 1.29% at 22807.48. Broad gains in technology and crypto-exposed shares helped the NASDAQ outperform, while the Dow Jones and S&P 500 also advanced. Trading reflected resilience in AI-linked names despite mixed megacap performance.
Unusual-move stocks were led by AI, chips, and crypto plays. NVDA up 1.66% at $183.04; TSLA up 3.44% at $405.94; MU up 5.55% at $400.77; PLTR up 4.06% at $153.19; COIN up 14.57% at $208.93; AMD up 5.82% at $202.07; INTC up 5.75% at $45.58; AMZN up 3.88% at $216.82; META up 1.93% at $667.73; MSFT up 0.31% at $405.20; AAPL down 0.47% at $262.52; GOOG down 0.04% at $303.45; AVGO up 1.18% at $317.53; SOXL up 5.99% at $56.62; TQQQ up 4.49% at $50.26; SQQQ down 4.46% at $69.62.
Earnings, product roadmaps, and policy headlines framed the moves. Optimism around AI infrastructure demand and data-center chips supported semiconductors. Corporate updates and deal flow in AI infrastructure and cybersecurity added momentum. Meanwhile, tariff and energy-shipping policy signals kept traders attentive to macro risks even as growth themes carried leadership.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.08%.USD/CNH rose 0.00%, at 6.90; USD/HKD fell 0.0090%, at 7.82.U.S. Dollar Index fell 0.0091%, at 98.80.WTI crude futures rose 1.73%, at 75.95 USD/bbl; COMEX gold futures rose 0.45%, at 5157.80 USD/oz.
03 Top News
1. U.S. Senate backed the president’s Iran strikes and blocked a bid to limit war powers. The U.S. Senate voted against advancing a resolution aimed at restricting hostilities, keeping executive latitude intact. The decision preserves flexibility for ongoing military operations and signals limited congressional appetite to curb authority in the conflict.
2. U.S. Treasury indicated a 15% temporary global tariff is likely to be implemented this week. Treasury Secretary Scott Bessent said the administration will rebuild tariff measures under stronger authorities to restore prior duty levels. The move could alter import costs and supply-chain pricing as trade rules transition.
3. ADP reported private payrolls rose more than expected, reinforcing a stable labor backdrop. ADP estimated private employment gains exceeded forecasts, though prior-month figures were revised lower. The data may temper expectations for near-term rate cuts as policymakers assess growth and inflation risks.
4. U.S. authorities announced Navy escorts and insurance support to keep Gulf oil flowing. Officials said the government would backstop tanker traffic through the Strait of Hormuz to stabilize energy supply. The plan aims to reduce the risk of shipment disruptions and limit spillovers to fuel prices.
5. Broadcom guided revenue above estimates and launched a new buyback, citing AI demand. Broadcom forecast stronger Q2 sales and announced up to $10 billion in repurchases, highlighting growth from custom AI accelerators and networking. Shares rose in extended trading as investors focused on expanding AI-driven revenue.
6. Okta beat on revenue and earnings as AI-agent security tools drive demand. Okta posted higher Q4 sales and EPS while providing cautious guidance and reaffirming capital returns via a repurchase plan. Management said agentic AI features are boosting deals, pointing to improving security monetization.
7. Moderna settled key vaccine IP disputes for up to $2.25 billion, removing a major overhang. Moderna reached agreements with Genevant and Arbutus, shifting focus back to oncology and late-stage programs. Analysts said the resolution improves visibility on cash needs and pipeline execution.
8. CoreWeave signed a multi-year deal with Perplexity to power inference workloads. CoreWeave will support Perplexity on its cloud and roll out Perplexity Enterprise Max internally. The agreement underscores demand for high-performance infrastructure to scale AI applications.
9. Nvidia moved to include stock-based compensation in non-GAAP results, raising reporting standards. Nvidia said it would stop excluding SBC from adjusted metrics, aligning more closely with GAAP. The change pressures peers to reduce adjustments and may influence investor comparisons across the sector.
10. Bank of America reinstated Tesla with a Buy, citing leadership in consumer autonomy. Bank of America set a $460 price objective and highlighted Tesla’s Full Self-Driving and pathway toward robo-taxis. The call supported the shares and spotlighted autonomy as a long-term revenue driver.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.