01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.98% at 52,573.29; S&P 500 up 0.86% at 7,656.98; NASDAQ up 0.96% at 26,333.03. Investors welcomed easing energy prices and remained focused on technology names, helping all three benchmarks post solid gains by the closing bell.
Chipmakers and AI-linked names dominated the day’s unusual moves. Dell Technologies (DELL) surged 11.98% to $567.29 after upbeat demand signals for its AI servers. Leveraged semiconductor fund Direxion Daily SOXL jumped 5.23% to $121.82, while its bearish counterpart SOXS declined 5.56% to $44.14. Among individual tech giants, Apple (AAPL) rose 1.75% to $332.27, Advanced Micro Devices (AMD) added 2.49% to $516.13, Intel (INTC) climbed 2.61% to $102.94, and Marvell Technology (MRVL) advanced 4.03% to $236.10. On the downside, storage maker SanDisk (SNDK) fell 3.50% to $1,633.35, while Oracle (ORCL) slipped 1.74% to $150.28 after earlier gains.
Semi-related exchange-traded products mirrored the sector’s swing. The broad-based Vanguard S&P 500 ETF (VOO) gained 0.85% to $702.56, whereas the ultra-leveraged Tradr 2X Long SNDK Daily ETF (SNXX) dropped 7.06% to $15.27. Mega-cap trackers SPDR S&P 500 ETF Trust (SPY) added 0.85% to $764.29 and Invesco QQQ (QQQ) improved 0.87% to $714.88, underscoring the day’s broad technology-led recovery.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.63%, latest at 4.97%.
USD/CNH fell 0.11%, at 6.77; USD/HKD was little changed, up 0.01% at 7.84.
U.S. Dollar Index rose 0.01%, at 99.09.
WTI crude futures fell 2.43%, at 99.99 USD/bbl; COMEX gold futures fell 0.39%, at 4,390.00 USD/oz.
03 Top News
1. Boeing Secures Up To $19.1 Billion in Expanded U.S. Air Force Contract. A contract modification adds $13.4 billion for foreign-military-sales aircraft, lifting the ceiling from $5.7 billion and extending work through 2035. Japan and Israel are initial buyers, with more countries expected to join.
2. SanDisk Arranges New $1.5 Billion Revolving Credit Facility. The amended loan agreement refinances existing commitments and provides fresh liquidity for the storage-technology company, with JPMorgan Chase acting as administrative agent.
3. AstraZeneca’s Etcamah Breast-Cancer Drug Misses Goal in Phase 3 Trial. The combination with Pfizer’s Ibrance showed no significant progression-free survival benefit, sending U.S.-listed AstraZeneca shares down about 3% in extended trading. Analysts called the setback “manageable” for the drug’s long-term prospects.
4. Arizona Sues L’Oréal Over Alleged Cancer Risks From Hair Relaxers. The state claims the cosmetic giant hid links to ovarian and uterine cancers, violating consumer-protection laws. Arizona seeks damages, penalties, and warning labels before further sales.
5. Oracle Plans Record $90–$95 Billion in Capital Expenditures This Fiscal Year. The cloud and database leader said the funds will expand AI-focused data-center capacity, signaling sustained infrastructure demand and supporting suppliers across the tech hardware ecosystem.
6. Dell Reports $60.9 Billion in AI Server Orders, Building a $95 Billion Backlog. Management highlighted rapid uptake of next-generation servers, reinforcing confidence in long-term revenue growth from artificial-intelligence infrastructure.
7. Salesforce Previews “Claudeforce” AI Integration Ahead of Dreamforce Conference. The company’s partnership with Anthropic will embed Claude’s generative-AI capabilities directly into Salesforce workflows, aiming to deepen customer engagement and unlock new monetization channels.
8. SpaceX Targets Next Week for Starship Test Flight Carrying First V3 Starlink Satellites. Success would enhance Starlink’s network expansion, which contributed roughly 55% of SpaceX’s recent revenue, and could pave the way for future orbital AI data centers.
9. Pentagon Warns of Houthi Control Over Bab al-Mandeb Shipping Lane. Iran-aligned militants have seized Perim Island and nearby coastal towns, threatening a key conduit for global trade and potentially disrupting Red Sea shipping routes vital to energy markets.
10. U.S. Consumer Prices Accelerate, Reinforcing Expectations of a Fed Rate Hike. A rise in gasoline costs pushed headline CPI higher, and futures now imply a near-90% chance of another policy rate increase at the upcoming Federal Reserve meeting, heightening focus on monetary-policy risks.
Sources: Reuters, Dow Jones, MT Newswires Live, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
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