01 Stock Market
The U.S. major indexes closed as follows: Dow Jones declined 0.66% at 51,179.87; S&P 500 fell 0.22% at 7,801.77; NASDAQ fell 0.22% at 27,538.69. The broad market ended modestly lower as investors balanced AI-related optimism against lingering caution around yields, oil, and policy headlines. Even with the pullback, leadership remained concentrated in selected semiconductor and large-cap technology names, while several cyclical and rate-sensitive groups faced pressure.
Unusual-move stocks were led by a sharp advance in Micron Technology, which rose 4.06% at $1,088.00, alongside gains in Apple up 0.91% at $336.67, Amazon.com up 1.42% at $259.92, Alphabet up 0.81% at $347.37, and Palantir Technologies up 1.07% at $194.12. On the downside, Strategy fell 6.79% at $153.37, Meta Platforms declined 2.38% at $721.31, Rocket Lab USA fell 4.18% at $71.92, IREN Ltd fell 6.27% at $38.69, and NEBIUS declined 5.09% at $237.15. Among other notable movers, SanDisk Corp. rose 1.92% at $1,692.42, while NVIDIA declined 0.74% at $237.47 and Taiwan Semiconductor Manufacturing fell 2.09% at $472.20.
Broad stock action remained highly dispersed, with semiconductor strength in Micron Technology offset by weakness in crypto-linked, space, and selected AI infrastructure names. Direxion Daily MU Bull 2X Shares rose 7.80% at $37.88, while Direxion Daily Semiconductors Bear 3x Shares gained 3.44% at $30.65, highlighting the two-way trading in the chip complex. In the broader U.S.-listed Chinese universe, Cango surged 18.54% at $3.58, China Pharma jumped 32.58% at $0.85, and China SXT Pharmaceuticals skyrocketed 126.40% at $2.83, while Freight Technologies fell 21.65% at $0.25 and Xiao I Corp plunged 28.65% at $1.32. The tape suggests selective catalyst chasing rather than a broad risk-on move.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.00%, latest at 5.28.
USD/CNH rose 0.0104%, at 6.73; USD/HKD fell 0.0074%, at 7.85.
U.S. Dollar Index fell 0.0391%, at 102.22.
WTI crude futures rose 0.71%, at 88.91 USD/bbl; COMEX gold futures fell 0.21%, at 4131.80 USD/oz.
03 Top News
1. Samsung projected a near nine-fold jump in quarterly profit as AI memory demand boosted chip earnings. The company said operating profit likely reached 107.4 trillion won, topping market expectations. It also guided revenue to rise sharply, reinforcing the view that AI-related memory supply remains tight.
2. Pfizer won FDA approval to expand Tukysa into an earlier maintenance setting for HER2-positive breast cancer. The approval broadens the drug’s use in combination therapy for adults with unresectable locally advanced or metastatic disease. Pfizer said clinical data showed a lower risk of progression or death, supporting the label expansion.
3. The Federal Trade Commission and the U.S. Department of Agriculture launched a public inquiry into agricultural equipment markets. The agencies asked for comments on potential anticompetitive conduct, contract terms, and market barriers. Deere and Caterpillar shares came under pressure after the announcement.
4. Wells Fargo faced a potential government probe over its Black homeownership commitments. The reported review from the housing authority would examine whether the bank violated fair-lending laws. The scrutiny adds a new regulatory overhang as the lender prepares to report earnings soon.
5. Microsoft and Nvidia prepared details on a new AI-centric laptop partnership. The event highlighted a device built around Nvidia chips and on-device AI workloads. The announcement underscored how both companies are pushing deeper into personal AI computing.
6. Unity Software entered a strategic partnership with Google to build an AI-driven game creation and distribution platform. The collaboration includes a text-prompt game generator now available in experimental form and a broader product planned later. Unity shares jumped in premarket trading on the growth opportunity.
7. FuelCell Energy announced a finance leadership transition and reiterated its EBITDA target. The company named a new chief financial officer while the outgoing executive moved into an advisory role. The stock fell sharply, and several peer fuel-cell names also weakened.
8. PepsiCo outlined a pricing reset and investment plan as it works to revive its North American business. The company plans to raise prices on select snacks and beverages after earlier cuts failed to fully stabilize demand. It also signaled continued capital spending in Colombia.
9. Intel said it will continue working on the Terafab AI chip project after clarification from Elon Musk and its chief executive. The comments reduced uncertainty around the project’s structure even as some questions about TSMC’s role remained. Intel’s shares had already been volatile around the discussion.
10. D.A. Davidson raised its Micron price target sharply after meeting with the company’s investor relations team. The firm argued that investors still underestimate Micron’s long-term earnings power and buyback potential. The note reinforced the bullish case for memory chips amid AI-driven demand.
---Sources: Reuters, Dow Jones, Tiger Newspress, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.
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