01 Stock Market
As of Jun 30, U.S. stock index futures performed as follows: Dow contracts edged up 0.02%, S&P 500 minis advanced 0.10%, and Nasdaq-100 futures climbed 0.24%, pointing to a cautiously constructive mood after the prior session’s tech-led rally.
Notable Stock Movers: AVAV up 34.35% at $186.75 after posting strong quarterly results and a larger-than-expected backlog. Semiconductor names extended their run, with AMAT up 2.59% at $712.60, NVDA up 1.17% at $197.25, and leveraged chip ETF SOXL up 2.95% at $243.50, underscoring sustained enthusiasm for AI-related hardware plays. Electric-vehicle bellwether TSLA traded lower, down 1.07% at $407.43, suggesting selective profit-taking in momentum pockets.
Broadly, the pre-bell tape shows investors favoring semiconductor and defense-technology names, while some megacap growth shares lag. The incremental uptick in futures mirrors a market weighing upbeat corporate headlines against ongoing debate over Federal Reserve tightening. Traders appear content to add exposure to AI supply-chain beneficiaries ahead of upcoming economic data that could sway rate expectations.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.32%, to 4.39%.
• U.S. Dollar Index rose 0.29% to 101.39.
• WTI crude oil futures rose 0.52% to 71.12 USD/barrel; COMEX gold futures rose 4 046.80 USD/ounce.
03 Key News
1. SK Hynix filed for a U.S. listing of American Depositary Shares on Nasdaq, targeting the ticker “SKHY”. The memory-chip giant appointed BofA, Citigroup, Goldman Sachs and J.P. Morgan as global coordinators, paving the way for broader U.S. investor access and fresh capital for capacity expansion.
2. AeroVironment beat earnings forecasts and reported a funded backlog of about $1.2 billion, propelling the shares sharply higher pre-market. Adjusted EPS of $1.84 and revenue of $641.6 million exceeded consensus, underscoring robust demand for the company’s unmanned-systems portfolio.
3. Applied Materials unveiled a suite of 3D chip-packaging tools designed for high-bandwidth memory and chiplet architectures used in AI processors. The product launch reinforces the firm’s leadership in advanced semiconductor equipment and supports expectations for accelerated revenue growth from the AI hardware build-out.
4. South Korea announced an approximately 800 trillion-won investment plan to construct four semiconductor and AI manufacturing complexes. The initiative, led by Samsung Electronics, signals sustained capital-expenditure tailwinds for U.S. equipment suppliers positioned in advanced packaging and process technologies.
5. GameStop reiterated its intention to pursue a roughly $56 billion cash-and-stock acquisition of eBay while projecting fiscal-year adjusted EBITDA above $600 million. Management framed the proposed tie-up as a strategic move to scale e-commerce capabilities and compete more effectively with larger online retailers.
6. MicroStrategy outlined a flexible financing overhaul, authorizing potential sales of up to $1.25 billion in Bitcoin and launching share-repurchase programs totaling $2 billion. The measures aim to balance liquidity, capital returns and continued digital-asset exposure amid heightened cryptocurrency volatility.
7. The White House invited law-enforcement groups to discuss concerns surrounding the Digital Asset Market Clarity Act. Policymakers seek to refine provisions that would exempt certain blockchain software developers from money-transmitter rules, a step viewed as pivotal for DeFi innovation.
8. Situational Awareness LP disclosed a 1.7 million-share position in SharonAI Holdings via an initial beneficial-ownership filing. The stake represents approximately 5% of the company’s Class A shares, signaling heightened institutional interest in the AI-software developer ahead of potential product milestones.
9. Gold prices extended their slide, marking the steepest quarterly retreat in over a decade as traders brace for additional Federal Reserve rate increases. Fed-funds futures now imply roughly a two-in-three probability that policymakers will lift rates again at the September meeting, pressuring non-yielding assets.
10. Investors await U.S. labor-market data this week, with consensus looking for resilience in private payrolls and non-farm hiring. A stronger-than-expected reading could reinforce expectations of as many as three further Fed hikes, influencing both equity risk appetite and bond-yield trajectories.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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