01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.29% at 52,637.01; S&P 500 up 0.42% at 7,575.39; NASDAQ up 0.29% at 26,281.61. A modest, broad-based advance left all three gauges in positive territory, with investors digesting a fresh wave of technology listings and ongoing policy headlines.
Unusual-move stocks featured a tug-of-war across the semiconductor and mega-cap tech space. Newcomer SKHYV surged 12.76% at $168.01 in its first close, while META jumped 5.97% at $669.21. Chip bellwether NVDA up 4.03% at $210.96 and AMD up 2.04% at $557.89 outperformed, but memory peer MU declined 1.24% at $979.30 and INTC fell 2.40% at $109.84. Elsewhere, digital-asset platform CRCL rose 4.97% at $66.14, while streaming giant NFLX declined 2.78% at $73.37. High-beta fund SOXL slipped 0.10% at $192.26, contrasting with a 6.29% jump in leveraged peer SNXX at $28.06.
Broader sentiment balanced fresh IPO enthusiasm against policy uncertainty. Traders weighed the bullish impulse from blockbuster listings and AI-linked optimism against caution ahead of key inflation data and Federal Reserve testimony. Despite mixed single-stock swings, index gains reflected resilient breadth, suggesting investors remain positioned for upcoming earnings while monitoring policy signals and geopolitical developments.
02 Other Markets
The U.S. 10-year Treasury yield rose 0.66%, latest at 4.57%.USD/CNH fell 0.04%, at 6.80; USD/HKD rose 0.05%, at 7.84.U.S. Dollar Index edged up 0.03%, at 100.96.WTI crude futures fell 0.79%, at 71.51 USD/bbl; COMEX gold futures slipped 0.29%, at 4,128.90 USD/oz.
03 Top News
1. SK Hynix Soars on Landmark U.S. IPO Debut. The South Korean memory maker’s American depositary receipts closed up more than 12% after raising $26.5 billion in one of Nasdaq’s biggest foreign listings. Early trade saw prices open 14% above the $149 offer. The company aims to capitalise on robust demand for high-bandwidth memory serving AI chips.
2. Micron Shares Declined Amid New Competition. Investors rotated out of Micron Technology after SK Hynix’s arrival, with concerns that the fresh capital raise could intensify supply growth in coming years. Micron’s own commitment to invest $250 billion in U.S. capacity highlighted the escalating race for memory dominance.
3. WD-40 Delivered a 24% Revenue Leap and Raised Guidance. The household lubricant maker reported fiscal Q3 sales of $195.1 million, beating expectations by roughly 13%. Earnings per share of $2.33 and a higher full-year outlook underscored strong global demand and effective marketing, sending the stock up sharply in post-results trading.
4. China Aerospace Achieved First Controlled Recovery of Long March 10B Rocket Stage. The state-owned firm successfully used a net-capture system to reclaim the first stage, marking a milestone toward reusable launch technology. Officials hailed it as a “major leap” that narrows the gap with SpaceX’s proven reuse model.
5. SpaceX Secured Multi-Billion-Dollar AI Compute Deals. New filings show agreements with Anthropic, Google and Reflection AI could bring in around $28 billion annually for its terrestrial “Colossus” supercomputer clusters. Analysts expect further growth before any meaningful shift to orbital computing later this decade.
6. Chinese Regulators Approved Shein’s Hong Kong IPO Plan. The fast-fashion giant received CSRC clearance and may seek a valuation between $40 billion and $50 billion. The decision follows earlier setbacks in New York and London, boosting Hong Kong’s listing pipeline.
7. Federal Reserve Minutes Signalled Readiness to Hike if Inflation Persists. The June meeting notes showed officials split over the next move, outlining scenarios where stubborn price pressures could trigger higher rates. Markets now focus on upcoming inflation data for clues on the July policy decision.
8. U.S. Administration Agreed to Renew Talks With Iran After Cease-Fire Collapse. President Trump confirmed Washington will engage Tehran despite declaring the prior truce “over,” following reciprocal strikes in the Gulf region. Energy traders remain alert to potential supply disruptions.
9. Circle Internet Won Final OCC Nod to Form a National Trust Bank. The stable-coin issuer can now expand custody and payment services under federal oversight. The green light is viewed as a regulatory milestone for the crypto sector’s integration with traditional finance.
10. Delta Air Lines Reaffirmed Earnings Outlook and Forecast Strong Q3 Demand. Management maintained full-year profit guidance and projected mid-teens revenue growth, citing resilient travel bookings and stable fuel costs. The update offers an upbeat signal ahead of the airline industry’s reporting season.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
