01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.98% at 53,277.01; S&P 500 up 0.43% at 7,674.37; NASDAQ up 0.43% at 26,180.46. A broad rebound in heavyweight technology and crypto-linked names helped the benchmarks recover from earlier softness, even as Treasury yields hovered near multi-year highs.
Crypto, biotech and EV shares delivered the session’s sharpest swings. Tesla (TSLA) up 5.14% at $362.86; Moderna (MRNA) up 8.86% at $145.13; Coinbase (COIN) up 8.20% at $186.49; Circle Internet (CRCL) up 5.16% at $87.98; and MicroStrategy (MSTR) up 6.10% at $119.25 all benefited from renewed enthusiasm for digital-asset exposure and positive biotech catalysts. On the downside, Chinese e-commerce giant Alibaba (BABA) declined 8.57% at $119.34, extending its recent volatility.
Chipmakers traded mixed amid fresh AI infrastructure headlines. Graphics leader NVIDIA (NVDA) fell 0.98% at $214.72, while Advanced Micro Devices (AMD) rose 0.81% at $473.25. Memory designer Marvell Technology (MRVL) declined 5.57% at $237.04, contrasting with gains for Broadcom (AVGO) up 1.21% at $368.45 and Intel (INTC) down 2.24% at $90.07. Investors weighed fresh investment announcements against lingering concerns over elevated borrowing costs.
02 Other Markets
U.S. 10-year Treasury yield rose 0.85%, latest at 4.74%.
USD/CNH rose 0.03%, at 6.78; USD/HKD fell 0.04%, at 7.84.
U.S. Dollar Index fell 0.04%, at 98.83.
WTI crude futures fell 0.22%, at 86.64 USD/bbl; COMEX gold futures rose 1.97%, at 4,661.60 USD/oz.
03 Top News
1. Tesla And Eight Other Automakers Will Recall 4.3 Million Vehicles In China Over Faulty Flush Door Handles. Regulators say the electronic handles may jam during power loss, hindering emergency exits. It remains unclear whether similar recalls will expand to other regions.
2. Freeport-McMoRan Shares Hit Record High As Demand For Copper From AI Infrastructure Accelerates. The miner closed at $76.66, up 7.6%, marking a 51% gain this year. Investors cite tariffs and electrification trends as key drivers of the rally.
3. Tesla Secures Approval To Deploy 5,000 Robotaxis In Nevada And Prepares Cybercab Launch In Austin. State regulators also cleared Uber and Waymo for additional autonomous fleets, setting up a competitive robotaxi race in Las Vegas. The decision bolsters Tesla’s ambitions in self-driving mobility services.
4. Nvidia Takes Minority Stake In Cloverleaf Infrastructure To Accelerate U.S. AI Data Centers. The investment, reportedly worth several hundred million dollars, will fund gigawatt-scale power sites while Nvidia’s DSX platform optimizes construction. The move follows Nvidia’s recent $1.5 billion commitment to SB Energy projects.
5. Analysts See SK Hynix Poised To Surpass Samsung’s $80 Billion Payout With Potential $130 Billion Return Plan. J.P. Morgan expects the chipmaker to earmark up to half its free cash flow for buybacks and dividends through 2027. Samsung had unveiled Korea’s largest shareholder return roadmap earlier in the week.
6. U.S. And Canada Edge Toward Steel Accord Setting 4 Million-Tonne Export Quota With Tiered Tariffs. Draft terms envisage a 25% duty within quota volumes and 50% beyond, while Ottawa would withdraw retaliatory levies. The pact aims to ease bilateral trade tensions and curb third-country trans-shipments.
7. Goldman Sachs Warns Call-Option Frenzy Could Catapult Gold Above Its $4,900 Forecast. Rising demand for upside protection may force dealers to buy bullion, amplifying price moves. The bank cautions that a reversal in rate expectations could equally intensify any pullback.
8. U.S. Services PMI Climbs To 56.8, Indicating Fastest Expansion In Nearly Two Years. S&P Global’s flash survey shows services strength offsetting softer manufacturing, putting third-quarter growth on track to double the prior quarter’s pace. Firms cited resilient consumer demand.
9. Werewolf Therapeutics To Merge With Ambros Therapeutics And Divest Platforms To Merck Unit For $33 Million. The reverse merger creates a late-stage pain-therapy specialist backed by a $150 million private placement. Werewolf investors will retain roughly 6.8% of the combined entity.
10. Iran’s President Urges Immediate End To Ongoing Conflict, Claiming A Position Of Strength. State media reports the leader believes international recognition of Iran’s advantage makes further hostilities unnecessary. The declaration could reshape regional security calculations.
Sources: Reuters, Dow Jones, MT Newswires Live, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
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