01 Stock Market
As of Jun 29, U.S. stock index futures performed as follows: Dow Jones contracts rose 0.46%, S&P 500 futures added 0.82%, and Nasdaq-100 futures outpaced with a 1.13% gain, reflecting robust demand for large-cap technology shares and easing concerns over recent geopolitical tensions.
Notable Stock Movers: RKLB up 11.19% at $94.00; SOXL up 3.13% at $222.34; MSFT up 1.76% at $379.52; NVDA up 0.95% at $194.37; ASTS up 8.44% at $77.48; ORCL up 3.86% at $154.26; meanwhile, memory heavyweight MU fell 0.35% at $1,128.39 as traders rotated toward other semiconductor names.
The leadership of leveraged semiconductor products, satellite-communications players and megacap software giants underscores continued investor appetite for AI infrastructure and space-technology themes, even as selective profit-taking appears in legacy chipmakers. Heightened geopolitical headlines and upcoming U.S. macro data releases could influence the day’s momentum, but early indications point to another growth-tilted session.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.01%, to 4.37%.
• U.S. Dollar Index fell 0.15% to 101.21.
• WTI crude oil futures rose 1.04% to 69.95 USD/barrel; COMEX gold futures fell 1.01% to 4 055 USD/ounce.
03 Key News
1. Solidion Technology announced plans to acquire a minority stake in SpaceX as a long-term treasury investment. Management said only a modest portion of cash reserves will be deployed, leaving core operations and capital spending intact. The strategic holding aims to deepen exposure to the growing commercial-space sector.
2. Comcast unveiled a tax-free spinoff to separate its NBCUniversal and Sky media assets from its cable and wireless operations. The move, expected to close within a year, will create two independent public companies, with Comcast initially retaining up to a 19.9% stake in the media entity before monetising it over time.
3. BT Group and Verizon agreed to form a 50-50 joint venture combining their international enterprise units. Verizon will pay BT approximately $625 million as an equalisation payment, and both firms will hold equal voting rights in the new entity focused on multinational clients.
4. Nearly 20 global analog and power-chip manufacturers will implement price increases from early July. Companies cite rising wafer-foundry and raw-material costs alongside surging demand from AI data-centre build-outs, signalling further margin expansion for integrated device makers.
5. South Korea unveiled large-scale projects for semiconductor fabrication, AI hardware and data-centre expansion. The government plans multi-trillion-won investments, including four new fabs by Samsung Electronics and SK Hynix, with an ambition to double national DRAM capacity within five years to capitalise on expected quadrupling of global memory demand.
6. Elon Musk disclosed that SpaceX will release a new in-house AI model every month for the rest of the year, starting with Grok 4.5 now in internal beta. The initiative aims to accelerate proprietary large-language-model development across SpaceX and Tesla, positioning the firms at the forefront of space and automotive AI integration.
7. Apple is evaluating a 1.4 nanometre process for its flagship smartphone system-on-chip as early as 2028. If adopted, the shift would compress the life cycle of 2 nm chips to roughly two years and reinforce Apple’s strategy of maintaining leading-edge semiconductor performance.
8. The United States and Iran agreed to halt recent Gulf hostilities and reopen dialogue on Strait of Hormuz security. The diplomatic thaw eases immediate concerns over energy-route disruptions, offering temporary relief to global shipping and oil markets.
9. Former U.S. President Donald Trump said Iran has requested high-level talks in Doha. While details remain scarce, the potential meeting could influence geopolitical risk assessments and energy-market expectations.
10. Robinhood reported its new Rothera prediction-markets platform executed over 900 million trades in its first week, with expected revenue set to surpass the firm’s crypto segment. Management highlighted a near 60% jump in active contract volume, indicating strong user engagement and diversification beyond traditional brokerage and digital-asset services.
Sources: Reuters, Dow Jones, Tiger Newspress, MT Newswires Live, public market data
Disclaimer: For informational purposes only; not investment advice.
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