01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.28% at 52,361.58; S&P 500 up 0.70% at 7,676.77; NASDAQ up 0.82% at 26,169.38. The broader tape stayed constructive as technology leadership remained in focus, with the Nasdaq outperforming the other benchmarks. The move suggests investors were still willing to buy large-cap growth names despite ongoing scrutiny of AI spending and upcoming earnings.
Unusual-move stocks showed a strong split between AI-linked gainers and a handful of sharp decliners. Among the notable gainers, Tesla Motors rose 5.21% to $391.62, NVIDIA gained 2.39% to $216.00, Intel climbed 4.04% to $90.47, and Broadcom advanced 2.33% to $329.17. Lumentum surged 8.19% to $818.10, while Bloom Energy Corp rose 5.49% to $203.92. On the downside, Netflix declined 2.96% to $63.90, Meta Platforms, Inc. fell 1.88% to $630.56, Circle Internet Corp. fell 7.07% to $79.84, and MercadoLibre declined 7.81% to $1,668.72. The sharpest losses among the day’s movers included Cango Inc., which fell 29.67% to $1.28, Tantech, which declined 26.54% to $13.01, and Universe Pharmaceuticals Inc., which dropped 33.64% to $2.88.
Several other Chinese and U.S.-listed names also posted notable swings, with biotech, education, cloud, and EV-related stocks active. Legend Biotech rose 5.81% to $20.39, Qifu Technology climbed 5.89% to $5.57, VNET Group gained 5.79% to $3.93, and Hesai Group advanced 4.27% to $13.69. On the softer side, Regencell Bioscience Limited fell 11.86% to $6.76, WiMi Hologram Cloud declined 12.12% to $0.52, Yiren Digital dropped 14.56% to $0.57, and NaaS Technology Inc. fell 15.26% to $2.11. The data indicate a market still rewarding selected AI, chip, and internet infrastructure names while punishing speculative small caps.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.99.
USD/CNH rose 0.0074%, at 6.71; USD/HKD fell 0.0020%, at 7.85.
U.S. Dollar Index rose 0.0098%, at 102.01.
WTI crude futures fell 0.44%, at 101.31 USD/bbl; COMEX gold futures fell 0.34%, at 4024.80 USD/oz.
03 Top News
1. Anthropic filed IPO paperwork and sharpened the AI debate. The company submitted its S-1 for an initial public offering and said it could go public in the coming weeks. The filing highlighted rapid revenue growth as well as heavy spending commitments, which is likely to keep investor focus on AI monetization and capital intensity.
2. Meta launched a record-sized equity raise to fund AI infrastructure. The company said it plans to raise up to $95 billion through stock offerings and related programs. The move drew attention because major chipmakers also showed interest in participating, underscoring the increasingly circular financing structure around AI buildout.
3. Microsoft offered voluntary buyouts to thousands of employees. The company reportedly opened a buyout program for roughly 60,000 workers across several countries. The plan signals continued cost and workforce restructuring while the company keeps investing in cloud and AI infrastructure.
4. Verizon said AI infrastructure is becoming a real growth driver. Management said the company has signed fiber deals for AI workloads and is in talks with additional hyperscalers and enterprise clients. The company also said new long-term contracts in AI-related edge computing could generate hundreds of millions of dollars in revenue over time.
5. Tesla received a bullish rating upgrade from Barclays. The firm upgraded the stock to overweight and cited a stronger core business outlook along with potential M&A opportunities. The note also pointed to signs of a Robotaxi inflection, adding to the stock’s momentum.
6. Jefferies reiterated Apple as underperform ahead of earnings. The firm said it expects revenue and EPS to beat consensus in the near term, helped by strong iPhone sales ahead of price increases. It also warned that the next quarter could disappoint because of weaker demand and higher memory costs.
7. Piper Sandler reiterated NVIDIA as overweight before earnings. The firm said it expects strong results and guidance supported by the ramp of Vera Rubin. The call reinforced investor optimism around AI semiconductor demand.
8. Bernstein raised its price target on SpaceX. The firm increased its target to $268 from $248 and pointed to expansion in terrestrial AI infrastructure. It said orbital data centers could become an important part of the company’s long-term value creation.
9. Coca-Cola is set to report results and test consumer resilience. The company is scheduled to release quarterly results soon, with analysts looking for higher sales and earnings. Management’s recent product testing and pricing moves indicate it is adapting to more selective consumer spending.
10. Boeing is set to report results after major operational developments. The company secured FAA certification for both 737 MAX variants and won a major Navy fighter program. The milestones should support production and defense credibility, even as higher fuel costs continue to pressure airline demand.
Sources: Reuters, Dow Jones, Tiger Newspress, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.
