01 Stock Market
The U.S. major indexes closed as follows: Dow Jones declined 1.23% at 52,215.16; S&P 500 declined 0.52% at 7,623.68; NASDAQ declined 0.21% at 25,955.34. The broad selloff reflected pressure from higher oil prices and renewed geopolitical anxiety. Defensive positioning dominated late trading, while growth shares were mixed.
Unusual-move stocks showed a sharp split, with several biotech, logistics, and AI-related names posting outsized swings. Jayud Global Logistics Ltd. up 32.61% at $1.83; Sunrise New Energy up 25.09% at $3.54; Zai Lab Ltd up 9.03% at $24.03; Hesai Group up 8.15% at $13.13; and Kingsoft Cloud Holdings Ltd up 4.69% at $8.49. On the downside, Tantech fell 28.67% at $17.71, Cango Inc. fell 23.21% at $1.82, Regencell Bioscience Limited fell 21.81% at $7.67, and Burning Rock Biotech Limited fell 10.79% at $11.82. Among larger-cap movers, Micron Technology rose 2.46% at $877.55, Advanced Micro Devices rose 1.74% at $516.79, while Bloom Energy Corp fell 11.24% at $193.30 and Credo Technology Group Holding Ltd fell 9.51% at $147.29.
AI and semiconductor-linked names remained active, but the tape was uneven and highly selective. Intel rose 1.72% at $86.96, Taiwan Semiconductor Manufacturing rose 1.49% at $418.51, and NVIDIA fell 0.59% at $210.96. The pattern suggests investors were still rotating within the chip complex rather than making a broad bet on the group. Large-cap internet and consumer names also lost ground, reinforcing the cautious tone.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.71%, latest at 4.99.
USD/CNH fell 0.0194%, at 6.72; USD/HKD rose 0.0753%, at 7.84.
U.S. Dollar Index rose 0.1279%, at 101.75.
WTI crude futures rose 3.99%, at 103.44 USD/bbl; COMEX gold futures fell 1.24%, at 4010.00 USD/oz.
03 Top News
1. Iran lost more overland trade routes as neighboring governments tightened border controls. Iraq shut a key border point connecting the two countries’ oil provinces, while Pakistan blocked trucks at two crossings. The closures added pressure to Iran’s trade access after shipping and aviation routes were already disrupted by sanctions and a naval blockade.
2. Texas sued OpenAI over alleged consumer harms linked to ChatGPT. The attorney general said the company’s safeguards were inadequate and that its products could generate harmful or misleading content. The lawsuit seeks monetary relief and asks the court to halt the disputed practices.
3. Oil prices surged as traders priced in the risk of wider Middle East conflict. Brent and WTI both advanced sharply after reports of renewed U.S.-Iran tensions and attacks on energy infrastructure. The move lifted energy-linked assets and reinforced inflation concerns across the market.
4. American Express announced a workforce reduction to speed up decision making. The company said it plans to cut about 5% of its global workforce as part of an efficiency push. Management framed the move as a way to reduce layers and reallocate resources toward customer perks and innovation.
5. American Express also said it is using artificial intelligence to personalize customer offerings. Executives said AI will help tailor benefits, including restaurant-related privileges and other membership perks. The company expects its closed-loop network and first-party data to become stronger assets in an AI-driven environment.
6. Novartis shares fell after multiple sclerosis trial data disappointed investors. The drugmaker said its pill met study goals, but the results showed a weaker relapse reduction than a rival treatment. The market reaction reflected concern that the new data may limit the drug’s competitive profile.
7. CrowdStrike warned that a newly exposed PHP flaw could trigger more cyberattacks. The company’s chief executive said many older systems may never be patched. He said that could produce a wave of breaches in coming months as attackers exploit the weakness.
8. American Express reported stronger earnings and raised guidance, then separately outlined layoffs. The company beat estimates and lifted its outlook, but analysts said the details were mixed. The combination of better results and cost cuts points to a firm balancing growth ambitions with efficiency.
9. U.S. energy markets extended gains as petroleum futures climbed for a second day. WTI moved back above the $100 threshold and Brent also advanced. Traders cited geopolitical risk and tighter supply expectations as the main drivers.
10. Wall Street strategists said renewed oil pressure is worsening the outlook for inflation and risk assets. Market commentary pointed to higher Treasury yields and weakness in rate-sensitive sectors. The note underscored how quickly energy shocks can reshape the market narrative.
Sources: Reuters, Dow Jones, Tiger Newspress, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.
