01 Stock Market
As of Jul 21, U.S. stock index futures performed as follows: Dow futures advanced 0.24%, S&P 500 futures rose 0.42%, and Nasdaq 100 futures jumped 1.32%, signaling a rebound led by growth and technology counters ahead of the cash open. Enthusiasm around artificial-intelligence spending and easing Treasury yields underpinned the tech-heavy benchmark, while cyclical shares followed at a steadier pace.
Notable Stock Movers: Semiconductor and memory names dominated the pre-market leaderboard. SKHY up 6.03% at $160.27; MU up 6.03% at $917.68; leveraged chip fund SOXL up 12.92% at $154.49; storage leader SNDK up 7.73% at $1498.50; networking specialist MRVL up 6.08% at $206.80; processor giants INTC up 5.74% at $102.63, AMD up 4.06% at $524.03, and NVDA up 1.37% at $206.06. Foundry heavyweight TSM gained 3.78% at $417.50, while AAPL fell 0.48% at $325.03, illustrating a rotation toward AI hardware suppliers.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.08%, to 4.60%.
• U.S. Dollar Index fell 0.0198% to 100.97.
• WTI crude oil futures rose 1.36% to 83.60 USD/barrel; COMEX gold futures rose 1.15% to 4062.00 USD/ounce.
03 Key News
1. Hasbro lifted its full-year revenue and profit guidance, citing robust digital gaming demand. Management highlighted momentum in the Wizards of the Coast unit and strong sales of the “Magic: The Gathering” franchise, now projecting sales growth of 5%–7% and adjusted core profit of $1.45 billion–$1.50 billion. The upbeat outlook suggests resilient discretionary spending among higher-income consumers despite broader macro headwinds.
2. 3M raised its earnings forecast as cost controls and strength in safety & industrial products bolster margins. The conglomerate now expects adjusted earnings per share between $8.80 and $8.95, above its prior range. Management pointed to price increases and ongoing efficiency measures as key levers supporting profitability.
3. TSMC plans to increase wafer-foundry prices by up to 10% for both advanced and mature nodes beginning in 2027, according to Nikkei Asia. The move aims to offset higher material, equipment, and overseas fab construction costs. Customers placing incremental high-performance computing orders may face additional surcharges, indicating sustained demand for cutting-edge capacity.
4. The U.S. administration is reportedly preparing new 10% tariffs on goods from multiple countries as current temporary duties near expiry. The Financial Times said officials are also reviewing investigations that could authorize even steeper levies. Any fresh trade barriers could impact global supply chains and corporate earnings forecasts.
5. U.S. forces completed a five-hour strike wave on Iranian military sites, marking ten consecutive nights of action. Central Command stated the operations targeted command centers, missile and drone launch sites, and maritime assets to curb attacks on commercial vessels in the Strait of Hormuz, underscoring persistent geopolitical risk to energy markets.
6. Xiaomi increased its internal 2026 smartphone shipment goal to 110 million units, up roughly 16% from earlier plans. Supply-chain sources said the uplift focuses on entry-level models and reflects expectations that the current memory-chip pricing cycle may reverse, potentially lowering component costs.
7. New Zealand’s consumer price index accelerated to a 4.1% annual pace, surpassing central-bank projections. The upside surprise reinforces expectations for further policy tightening at the Reserve Bank’s next meetings, with swap markets pricing additional rate hikes to tame persistent fuel-driven inflation.
8. Strategy boosted its cash reserve to $3.2 billion by selling stock, pausing additional Bitcoin purchases. Executive chairman Michael Saylor said the firm will keep liquidity high alongside its existing 843,775-coin holding, giving the company flexibility amid crypto-market volatility.
9. Bitmine Immersion Technologies expanded its Ethereum treasury to 5.78 million ETH and executed a 5.5 million-share buyback. The dual move reinforces the miner’s commitment to digital-asset accumulation while returning capital to shareholders under its $4 billion repurchase program.
10. U.S. spot Bitcoin exchange-traded funds recorded a second straight week of net inflows totaling $75.7 million. The positive flow reversal, coupled with similar interest in Ether-linked funds, signals improving sentiment after months of outflows and suggests investors are selectively rebuilding crypto exposure.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
