01 Stock Market
The U.S. major indexes closed as follows: Dow Jones down 1.63% at 46,225.15; S&P 500 down 1.36% at 6,624.70; NASDAQ down 1.46% at 22,152.42. Broad selling pressure hit large-cap technology and growth shares into the close, with risk appetite cooling after a volatile session. Traders rotated within tech while awaiting fresh catalysts from earnings and product events.
Unusual-move stocks showed sharp, mixed swings across semis, AI software, and high-beta ETFs. Micron Technology up 0.01% at $461.73; NVIDIA down 0.84% at $180.40; Advanced Micro Devices up 1.60% at $199.46; Intel up 2.20% at $45.03; Apple down 1.69% at $249.94; Tesla down 1.63% at $392.78; Microsoft down 1.91% at $391.79; Alphabet down 1.01% at $306.30; Broadcom down 1.67% at $315.93; Taiwan Semiconductor down 1.85% at $339.57; Applied Optoelectronics up 7.30% at $92.63; Lumentum up 7.89% at $700.81; Rocket Lab down 11.59% at $69.48; leveraged vehicles: SQQQ up 4.24% at $75.21, TQQQ down 4.28% at $46.10, QQQ down 1.39% at $594.90, SOXL down 1.69% at $54.02.
Metals and energy proxies diverged while China ADRs were active. Precious metals trackers weakened: SPDR Gold (GLD) down 3.16% at $444.74; iShares Silver (SLV) down 4.13% at $68.70. Oil-linked USO rose 2.38% at $121.67 alongside a firmer crude curve. Selected China ADRs were volatile: Alibaba down 1.57% at $134.43; software names such as Kingsoft Cloud up 12.65% at $14.78 stood out on heavy volume.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.90%, latest at 4.28%.
USD/CNH rose 0.12%, at 7.23; USD/HKD fell 0.01%, at 7.83.
U.S. Dollar Index fell 0.15%, at 103.65.
03 Top News
1. Micron Technology announced results and guided for stronger AI-related memory demand. The company highlighted high-bandwidth memory ramp plans and improving pricing. Shares moved modestly as investors assessed capex and supply discipline.
2. Nvidia unveiled new AI platform features at an industry conference, expanding its ecosystem. The company emphasized hardware-software integration for large-scale model training and inference. Partners introduced complementary offerings that could deepen data center adoption.
3. Apple was sued by the U.S. Department of Justice over alleged anticompetitive practices in smartphones. The complaint targets restrictions said to limit rival services on its ecosystem. The case could lead to behavioral remedies or fines if the government prevails.
4. Tesla rolled out pricing and configuration changes for select Model Y trims in key markets. The update aims to stimulate orders and manage inventory turnover. Analysts said the adjustments could support volume but pressure near-term margins.
5. Alphabet introduced broader Gemini integration across Google Workspace for enterprise users. New tools aim to automate document creation and summarize communications. The rollout could boost paid seat conversions in productivity software.
6. Amazon expanded its generative AI services and model access within AWS to attract developers. The company added new foundation model options and cost controls. The move is intended to differentiate AWS and drive incremental cloud workloads.
7. Microsoft launched security-focused Copilot upgrades for enterprise customers. Enhancements include incident response guidance and tighter data access controls. The additions may improve adoption across regulated industries.
8. The Federal Reserve left the policy rate unchanged and reiterated a data-dependent stance. Policymakers noted inflation progress alongside resilient labor conditions. Rate expectations were little changed, keeping focus on upcoming inflation readings.
9. The U.S. Treasury completed a mid-curve bond auction that drew steady demand. Bid-to-cover metrics signaled healthy participation from indirect bidders. The result eased near-term supply concerns and supported intermediate maturities.
10. Capital One announced plans to acquire Discover Financial, advancing regulatory review. The banks said integration would broaden payment network capabilities. Regulators are evaluating competitive effects, and the outcome could reshape consumer credit.
--- Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
