01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.51% at 52,210.08; S&P 500 up 0.02% at 7,413.18; NASDAQ declined 0.18% at 24,932.08. Investors balanced strength in megacaps against a pronounced pull-back across semiconductor names, leaving the tech-heavy composite in the red while the blue-chip Dow outperformed.
Unusual-move stocks dominated the session. NVDA declined 4.99% at $196.51; AAPL rose 1.17% at $336.91; AMD fell 5.17% at $494.95; defensive play SOXS jumped 6.60% at $54.93 while leveraged bull fund SOXL slid 6.33% at $128.15. Data-analytics firm PLTR gained 7.00% at $131.53, software heavyweight MSFT added 1.94% at $389.10, and database giant ORCL advanced 4.27% at $119.90. Memory makers struggled: SNDK sank 11.02% at $1,278.23, while South Korean peer SKHY slid 7.47% at $143.02.
Broader sector rotation persisted. Gains in select software, consumer and health-care shares offset losses in chips, leaving headline indices little changed overall. Traders remained cautious ahead of this week’s Federal Reserve decision and a wave of mega-cap earnings that could reshape second-half sentiment.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.64%.
USD/CNH fell 0.0015%, at 6.79; USD/HKD fell 0.0075%, at 7.84.
U.S. Dollar Index rose 0.03%, at 101.52.
WTI crude futures fell 0.57%, at 82.14 USD/bbl; COMEX gold futures fell 0.06%, at 4,074.50 USD/oz.
03 Top News
1. Celestica lifted full-year revenue and profit guidance on stronger data-center demand. The hardware maker now targets $20.5 billion in 2026 sales and higher EPS, citing improved component supply and new contract wins. Shares jumped over 8% in after-hours trading.
2. Apple overtook Nvidia to reclaim the world’s largest market-cap crown. A 1% gain pushed Apple’s valuation to $4.93 trillion versus Nvidia’s $4.78 trillion. The shift underscores investor caution toward capital-intensive AI chip spending.
3. China began producing home-grown deep-ultraviolet lithography machines, challenging ASML’s dominance. Initial deliveries to domestic fabs are slated for this year, though analysts say performance still trails the Dutch leader. The move could reduce Beijing’s reliance on restricted foreign equipment.
4. Nvidia, Microsoft, Palantir and SpaceX formed the Open Secure AI Alliance to combat cyber-attacks. The group will develop open-source defensive tools after an AI intrusion at Hugging Face highlighted growing security risks. Participants say proactive cooperation is essential as model capabilities accelerate.
5. CME launched single-stock futures on SpaceX and 54 other names, broadening hedging access. Cash-settled contracts trade nearly 24/7 and require no stock borrowing, potentially amplifying volatility around earnings and lock-up expiries. Analysts expect quicker price discovery for the space company’s thinly traded shares.
6. President Trump warned Iran that military strikes will resume if peace talks stall. The White House paused action at mediator request, but the president said the window for diplomacy is “limited.” Energy markets softened on prospects of reduced regional tension.
7. Chinese memory champion CXMT’s 466% IPO surge intensified pressure on U.S. chipmakers. Investors fear new competition will erode pricing power for Micron, Samsung and SK Hynix, exacerbating the day’s broad sell-off in the memory segment.
8. Nvidia invested several billion dollars in OpenAI co-founder Ilya Sutskever’s “super-alignment” project. The funding supports research into safety-focused artificial general intelligence, reinforcing Nvidia’s strategic push beyond hardware into advanced AI ecosystems.
9. AT&T expanded its quantum-computing partnership with D-Wave, sending the startup’s shares soaring. The telecom giant will use D-Wave’s annealing systems to optimize network performance, deepening commercial adoption of quantum solutions.
10. Broadcom signed a memorandum with Samsung to broaden chip collaboration worth over $200 billion through 2030. The agreement spans next-generation connectivity components and could secure long-term supply for the Korean electronics leader.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
