01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 1.32% at 53,178.41; S&P 500 up 1.48% at 7,600.50; NASDAQ up 2.13% at 25,913.90. A strong session for megacap technology and a rebound in chip names powered the broad advance.
Large-cap tech shares dominated the unusual-move list. Microsoft (MSFT) up 4.93% at $487.65; NVIDIA (NVDA) up 2.93% at $206.64; Tesla (TSLA) up 3.49% at $322.08; Meta Platforms (META) up 6.02% at $590.24; Amazon (AMZN) up 4.58% at $284.02. In contrast, Apple (AAPL) declined 1.78% to $303.42 amid lingering concerns over chip pricing. Leveraged products also showed sharp moves: ProShares UltraPro QQQ (TQQQ) up 5.17% at $67.96, while Direxion Daily Semiconductors Bear 3x Shares (SOXS) fell 2.19% to $53.08.
Semiconductor-linked names and thematic ETFs added momentum. Memory-focused Micron Technology (MU) climbed 0.79% to $829.50, while bull-leveraged chip fund Direxion Daily Semiconductors Bull 3x Shares (SOXL) gained 1.73% to $116.71. Storage specialist SanDisk (SNDK) jumped 6.03% to $1,288.03, and cloud-oriented Marvell Technology (MRVL) surged 3.31% to $193.78. Alphabet’s twin share classes both rallied, with GOOG up 4.44% at $372.47 and GOOGL up 4.88% at $373.51, rounding out a session in which investors favored growth and AI-linked leaders.
02 Other Markets
U.S. 10-year Treasury yield was unchanged, latest at 4.68%. USD/CNY rose 0.03%, at 6.79; USD/HKD was flat, at 7.84. U.S. Dollar Index rose 0.03%, at 99.98. WTI crude futures fell 0.36%, at $80.05 USD/bbl; COMEX gold futures rose 0.44%, at $4,108.40 USD/oz.
03 Top News
1. Boeing’s 737 MAX 7 Receives FAA Certification, Paving the Way for Commercial Service. The decision ends a years-long review and boosts confidence in Boeing’s turnaround strategy. Shares jumped more than 6%, making the plane-maker the best performer in the Dow.
2. Palantir Raises Full-Year Revenue Guidance to Above $8.15 Billion. Robust U.S. government and commercial demand for its AI-driven analytics lifted second-quarter revenue 93% to $1.94 billion. The stock soared over 14% in after-hours trading.
3. Snap Tops Expectations on World Cup-Fueled Ad Demand. Second-quarter revenue climbed 19% to $1.60 billion, beating estimates, while daily active users hit 493 million. The company forecasts third-quarter revenue up to $1.74 billion, sending shares up roughly 13% post-close.
4. Grab Boosts 2026 Revenue Outlook and Unveils $750 Million Share Buyback. Southeast Asia’s leading ride-hailing and delivery group now targets $4.10-$4.15 billion in annual sales amid strong demand and platform expansion. ADRs rose nearly 3% after hours.
5. Amazon’s Market Value Surpasses $3 Trillion After 5% Stock Jump. The rally follows last week’s robust earnings, underscoring investor confidence in the e-commerce giant’s cloud and advertising momentum. The milestone places Amazon among the world’s most valuable public companies.
6. White House Invites Major AI Firms to Review Completed Oversight Framework. Officials have called on OpenAI, Google and Anthropic to examine forthcoming governance guidelines. The move aims to shape responsible AI deployment ahead of wider industry adoption.
7. U.S. Manufacturing PMI Climbs to 55.6, Highest Since 2022. Strong order growth and a return to factory hiring signal resilience in the sector. Economists note elevated input costs could keep the Federal Reserve on alert for renewed inflation pressures.
8. Northrop Grumman Secures $3 Billion in Missile Interceptor Contracts. The agreements will accelerate production to meet rising global defense demand. Investors view the deals as supportive of the contractor’s long-term revenue pipeline.
9. AstraZeneca Reportedly Explores Mega-Merger With Bristol Myers Squibb. According to media leaks, informal talks considered creating a combined pharma giant worth around $400 billion. Both companies declined to comment, and shares moved modestly on the speculation.
10. Diplomatic Efforts to Reopen the Strait of Hormuz Send Oil Prices Down Nearly 5%. Lower energy costs eased inflation concerns and contributed to falling Treasury yields, with the 10-year benchmark slipping to 4.684%. Market participants await key U.S. labor data for further policy clues.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
