01 Stock Market
The U.S. major indexes closed as follows: the Dow Jones Industrial Average up 0.14% at 47,951.85, the S&P 500 up 0.79% at 6,774.76, and the Nasdaq Composite up 1.38% at 23,006.36. Gains were led by large-cap technology and AI-linked names after upbeat semiconductor guidance helped sentiment. Most mega caps finished higher into the close, with breadth improving versus the prior session.
Unusual-move stocks: Micron (MU) up 10.21% at $248.55; Tesla (TSLA) up 3.45% at $483.37; Trump Media (DJT) up 41.93% at $14.86; Nvidia (NVDA) up 1.87% at $174.14; Broadcom (AVGO) up 1.18% at $329.88; Alphabet (GOOG) up 1.91% at $303.75; Meta (META) up 2.30% at $664.45; Amazon (AMZN) up 2.48% at $226.76; AMD (AMD) up 1.49% at $201.06; Microsoft (MSFT) up 1.65% at $483.98; Apple (AAPL) up 0.13% at $272.19; Palantir (PLTR) up 4.74% at $185.69. Laggards included Coinbase (COIN) down 2.04% at $239.20, Netflix (NFLX) down 0.83% at $94.00, and MicroStrategy (MSTR) down 1.33% at $158.24.
Leveraged ETFs amplified the swing: SOXL up 7.14% at $38.58, TQQQ up 4.27% at $51.51, QQQ up 1.45% at $609.11, and SPY up 0.76% at $676.47, while bear instruments SOXS down 7.45% at $3.48 and SQQQ down 4.29% at $71.92 retreated. Select movers included Rocket Lab (RKLB) up 11.05% at $59.92 and SanDisk (SNDK) up 6.11% at $219.46.
02 Other Markets
The U.S. 10-year Treasury yield rose by 0.18%, latest at 4.12%.
USD/CNH rose 0.00%, at 7.04; USD/HKD fell 0.0039%, at 7.78.
U.S. Dollar Index fell 0.0112%, at 98.43.
WTI crude futures fell 0.27%, at 55.85 USD/bbl; COMEX gold futures rose 0.05%, at 4366.50 USD/oz.
03 Top News
Meta Platforms launched an internal push to develop new AI models “Mango” (image/video) and “Avocado” (text/coding). Executives outlined efforts under the new Meta Superintelligence Labs, with hires from leading AI labs. The plan aims to strengthen content creation and coding capabilities, intensifying competition in generative media and developer tools.
TikTok and parent ByteDance signed binding agreements to create a U.S. joint venture majority-owned by American investors. Partners include Oracle, Silver Lake, and MGX, with the JV overseeing U.S. data protection and algorithm security. ByteDance would license its recommendation technology, potentially easing national security concerns and preserving TikTok’s U.S. operations.
The White House signed an executive order directing rescheduling of cannabis, advancing it toward Schedule III. The move is intended to expand medical research and may ease tax burdens for the industry while maintaining restrictions for youth use. Officials added they will assess access to hemp-derived CBD for seniors, signaling broader regulatory shifts.
FedEx posted earnings and revenue above expectations and raised the low end of full-year EPS guidance. Cost actions and stronger yields in Express offset softer volumes, while the company reaffirmed transformation and savings targets. Management now projects annual profit of $17.80–$19.00 per share, with the midpoint above consensus, supporting a constructive outlook.
Nike beat on quarterly revenue and EPS but reported margin compression and weaker China revenue. Tariffs, discounting to clear aged inventory, and a category mix shift pressured gross margin, which fell about 300 bps. Shares declined after-hours as investors focused on profitability headwinds despite top-line resilience.
The Bureau of Labor Statistics reported a cooler CPI, with headline up 2.7% year over year and core up 2.6%. The delayed report followed prior data disruptions, but still suggested disinflation progress. The reading bolstered expectations for additional Federal Reserve easing and supported risk appetite.
The European Central Bank held rates steady, while the Bank of England delivered a 25 bp rate cut; Norges Bank and the Riksbank stayed on hold. Policymakers signaled differing paths as inflation trends and growth prospects diverge across Europe. Guidance implied restrictive stances in some economies while allowing for gradual easing where inflation is cooling.
CarMax reported declines in revenue and profit and outlined further cost reductions amid used-car softness. The company plans at least $150 million in SG&A savings by fiscal 2027 and will lower retail margins and increase marketing to revive demand. Leadership changes and workforce reductions underscore a sharpened focus on profitability.
Trump Media & Technology Group agreed to merge with fusion firm TAE Technologies in a deal valued above $6 billion. The combined entity plans to site and begin construction on a utility-scale fusion power plant post-closing, creating one of the first publicly traded fusion companies. The move seeks to address AI-era power needs with next‑generation clean energy.
BlackBerry raised the lower end of its annual revenue outlook on cybersecurity demand and growth in its QNX auto segment. Quarterly revenue topped estimates as embedded software and security bookings improved. Despite guidance strength, shares slipped in extended trading, reflecting investor caution on margins and execution.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
