01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.61% at 51,778.04; S&P 500 up 1.14% at 7,637.76; NASDAQ up 1.69% at 26,418.30. Investors embraced a strong rebound after the prior session’s rate-hike turbulence, with technology shares spearheading gains across the board.
Chipmakers and megacaps dominated the list of unusual movers, riding renewed enthusiasm for artificial-intelligence plays. Micron Technology (MU) up 5.50% at $977.50; Intel (INTC) up 7.67% at $108.80; Advanced Micro Devices (AMD) up 6.36% at $545.09; NVIDIA (NVDA) up 2.54% at $219.34; Apple (AAPL) up 1.38% at $337.00; Tesla (TSLA) up 2.27% at $366.20; and Oracle (ORCL) up 5.19% at $150.59 all booked notable advances. Conversely, CoreWeave (CRWV) fell 4.16% at $79.88, bucking the broader tech uptrend.Stronger-than-expected demand for AI hardware, coupled with easing Treasury yields, fueled risk appetite.
Traders also welcomed the Federal Reserve’s clear commitment to containing inflation, interpreting the latest hike as a sign of policy resolve rather than a drag on growth. Semiconductors, cloud infrastructure and EV leaders captured fresh inflows, while rate-sensitive defensive pockets lagged. Overall, breadth improved markedly, helping the S&P 500 log its best one-day percentage gain in over six weeks.
02 Other Markets
U.S. 10-year Treasury yield rose 0.00%, latest at 4.95%. USD/CNH fell 0.01%, at 6.75; USD/HKD fell 0.00%, at 7.85. U.S. Dollar Index fell 0.01%, at 100.21. WTI crude futures fell 0.73%, at 96.52 USD/bbl; COMEX gold futures fell 0.42%, at 4,381.30 USD/oz.
03 Top News
1. Federal Reserve lifted the fed funds rate to 3.75%–4%, signaling more hikes ahead. The unanimous vote and firm language on inflation restored investor confidence in the central bank’s resolve. Bond yields eased after the announcement, supporting risk assets.
2. Bank of England kept its benchmark rate unchanged but warned further tightening may be needed. Policymakers cited continued energy-price pressures as a risk to inflation. Markets now anticipate a potential hike at an upcoming meeting.
3. U.S. weekly initial jobless claims unexpectedly dropped to 196,000, the lowest in two months. Economists see the data as evidence of a resilient labor market despite higher borrowing costs. The reading gives the Fed more leeway to maintain a restrictive stance.
4. Yeti Holdings reaffirmed its 2026 sales growth target of 7%–8% and forecast solid earnings momentum. The cooler and drinkware company’s upbeat outlook sent its shares sharply higher. Management highlighted robust demand across product lines.
5. The Federal Trade Commission issued a second-request for information on Caesars Entertainment’s proposed $5.7 billion merger with Fertitta Entertainment. The move extends the review period, signaling regulators’ antitrust scrutiny. Both companies said they will cooperate fully.
6. Amazon is reportedly launching “Project Mercury” to expand its same-day delivery network to more than 1,000 facilities within five years. Bank of America analysts estimate the multibillion-dollar push will place rapid-fulfillment hubs within 10 miles of 80% of U.S. Prime members. The initiative aims to sharpen Amazon’s competitive edge against Walmart in everyday essentials.
7. Fluence Energy slashed its fiscal-year revenue outlook to $2.4 billion and now expects a larger EBITDA loss of $200 million. The energy-storage firm cited production delays at a new Houston plant and logistics bottlenecks. Shares tumbled as analysts questioned execution and cash-flow prospects.
8. Meta Platforms’ new AI assistant “Muse” logged robust download growth, prompting Citi to place the stock on a 90-day upside catalyst watch. Executives tout Muse as the biggest consumer AI launch since ChatGPT. The company plans further updates at its upcoming “Meta Connect” developer conference.
9. Salesforce used its Dreamforce conference to reaffirm long-term revenue targets and showcase new AI-driven tools. Endorsements from OpenAI and Anthropic highlighted the CRM giant’s role in enterprise AI adoption. Despite the positive messaging, shares slipped amid a brief service outage.
10. Tesla outlined a packed product roadmap featuring an electric Semi factory and a refreshed Roadster, but analysts caution that investor expectations may exceed near-term realities. Upcoming launches aim to unlock new revenue streams, yet skepticism persists over the timeline for robotaxi deployment and autonomous driving milestones.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
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