01 Stock Market
Dow Jones contracts firmed by 0.3%, S&P 500 minis up 0.33%, while Nasdaq 100 futures rose 0.5%.
The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.
Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.
Notable Stock Movers: PLTR up 3.19% at $129.74 after upbeat demand signals for data-analytics contracts. Electric-vehicle leader TSLA gained 0.63% at $428.00 as regulators closed a legacy safety probe. Chipmaker INTC rose 1.31% at $128.69 on renewed hopes for PC demand. AI bellwether NVDA was down 0.20% at $197.18, and memory giant MU fell 0.23% to $1,029.95 amid a global semiconductor pullback.
Market breadth shows contrasting undercurrents: select software and data-analytics names are attracting pre-open bids, while several memory- and storage-focused semiconductors retreat following reports that major tech platforms may monetize unused computing capacity. Chinese consumer-internet depositary receipts, including BIDU and BABA, continue to lag on persistent profit-taking, highlighting investors’ preference for U.S. growth franchises with visible near-term catalysts.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.49%, to 4.50%.
• U.S. Dollar Index fell 0.27% to 101.13.
• WTI crude oil futures fell 1.97% to 67.23 USD/barrel; COMEX gold futures fell 0.05% to 4,080.30 USD/ounce.
03 Key News
1. Micron earmarked $250 million for government-backed “Trump Accounts,” expanding child-focused savings initiatives. The memory specialist will fund tax-advantaged accounts for minors, complemented by Treasury contributions, reinforcing domestic ties as sector sentiment cools after a global chip sell-off.
2. Meta Platforms is exploring a dedicated cloud service to rent out surplus artificial-intelligence computing power. Industry sources say the company aims to monetize its extensive AI hardware by offering capacity to third parties, potentially unlocking a new revenue stream and improving capital-return metrics.
3. U.S. regulators closed a long-running probe into unexpected braking on nearly 700,000 Tesla Model 3 and Model Y vehicles. The National Highway Traffic Safety Administration cited software fixes and a sharp decline in complaints, removing a regulatory overhang and nudging Tesla shares higher ahead of its quarterly delivery report.
4. Apple instructed suppliers to prepare at least five new iPhone models, including its first foldable handset. Supply-chain partners have been asked to reserve components for roughly 10 million foldable units and more than 80 million total devices, signaling an aggressive refresh cycle in the coming months.
5. Nvidia unveiled revenue-sharing alliances with multiple AI cloud operators to build large-scale, multi-tenant “AI factories.” The partnerships combine Nvidia’s hardware and software with external data-center capacity, sharing both income and financing responsibilities to accelerate deployment of advanced computing infrastructure.
6. Elon Musk said mass production of Tesla’s Optimus humanoid robot will start slowly as new technologies mature. A photo from the Fremont facility showed the initial assembly line; the chief executive stressed that ramp-up will differ markedly from conventional auto manufacturing.
7. OpenAI proposed selling a 5% equity stake to the U.S. government to secure political support for advanced AI releases. The plan, valuing the startup at about $852 billion, could create a template for public stakes in leading AI developers as regulatory scrutiny intensifies.
8. BHP Group filed for environmental approval to restart the Cerro Colorado copper mine in Chile. The move aims to extend the life of the operation amid strong demand for energy-transition metals, and could influence the miner’s U.S.-listed shares once regulatory reviews progress.
9. SoftBank announced a U.S. “neocloud” venture to deploy up to 10-gigawatts of AI computing capacity in stages. The new platform, SB Neo, targets hyperscalers seeking large-scale training and inference resources, underscoring intensifying competition in AI infrastructure investment.
10. The U.S. Labor Department will release its monthly employment report a day earlier than usual because of the holiday, with economists projecting about 110,000 new jobs and an unchanged 4.3% unemployment rate. A moderate payroll gain could leave the door open for a potential Federal Reserve rate increase later in the quarter if inflation pressures persist.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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