Market
August 13, U.S. stocks opened higher as the Dow Jones climbed 0.34% to 53,955.56, the S&P 500 advanced 0.25% to 7,767.76, and the Nasdaq Composite edged 0.11% higher to 26,617.71. Futures gains and stable bond yields underpinned risk appetite, with traders positioning for upcoming inflation data and sustained enthusiasm around artificial-intelligence spending.
Freight Technologies, Inc. soared 19.06% on news of a multiyear logistics partnership with a major Latin American e-commerce group, while IREN Ltd jumped 5.89% as Bitcoin held above key psychological levels. Dell Technologies Inc. rallied 5.78% after a bumper AI-server quarter and raised guidance, and SUPER MICRO COMPUTER INC added 3.51% on robust demand for high-density data-center hardware. Palantir Technologies Inc. gained 1.48% on a fresh U.S. defense contract, and NVIDIA inched up 0.30% as investors rotated back into leading chip names. On the downside, Intuitive Machines fell 8.61% following a secondary share offering, Opendoor Technologies Inc slipped 5.87% after a broker downgrade, and Ondas Holdings Inc. declined 5.73% on weak revenue guidance.
Broader movers were mostly positive: Four Seasons Education Inc. climbed 8.09% after unveiling an online tutoring pivot, Meta Platforms, Inc. rose 1.24% on AI monetization optimism, Microsoft added 0.69%, Alphabet edged up 0.26%, and Advanced Micro Devices firmed 0.34%. Chinese ADRs were mixed, with Alibaba down 1.05% and Baidu up 0.24% as investors assessed fresh trade figures from Beijing. Rocket Lab USA, Inc. lost 0.69% after a launch delay, while Tesla Motors eased 0.28% despite stable EV demand signals.
News
Dell Technologies Inc. beats earnings and raises outlook. The company posted stronger-than-expected revenue and profit on record AI server sales. Management lifted full-year guidance, boosting confidence in enterprise tech spending.
Freight Technologies, Inc. wins major logistics contract, shares surge. The freight-platform provider announced a multiyear deal with a leading Mexican e-commerce retailer. Investors welcomed the added revenue visibility, sending the stock up sharply at the open.
IREN Ltd rallies as Bitcoin strength boosts mining stocks. The cryptocurrency miner tracked Bitcoin’s rise above $70,000, driving volume to four times its 30-day average. Analysts expect higher mining margins if crypto prices stay elevated.
Intuitive Machines tumbles on secondary stock offering. The lunar-landing company launched a $125 million share sale to fund mission development, sparking dilution worries and pushing the stock lower.
Ondas Holdings Inc. sinks after missing revenue estimates. The drone-technology firm reported weaker quarterly sales and flagged project delays, triggering a sharp pullback in early trading.
U.S. initial jobless claims unexpectedly decline. Weekly filings fell to a three-month low, signaling resilience in the labor market and easing recession concerns among equity investors.
Treasury yields dip ahead of key inflation report. The benchmark 10-year yield slipped 4 basis points as traders increased bets on a potential Federal Reserve rate cut next month, supporting growth-oriented stocks.
Crude oil tops $85 per barrel, lifting energy shares. Supply disruptions in the Middle East pushed Brent prices to a six-month high, boosting sentiment across exploration and production names.
SEC accepts Ethereum ETF filings for review. The regulator’s move fueled speculation of an eventual spot-ETH approval, sending crypto-linked equities such as Coinbase and Marathon Digital higher in premarket trade.
Palantir Technologies Inc. secures $300 million Pentagon AI contract. The multiyear deal expands Palantir’s footprint in defense analytics and is expected to drive double-digit revenue growth in its government segment.
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