01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.49% at 51176.96; S&P 500 up 0.73% at 7722.72; NASDAQ up 1.19% at 27190.86. The move was supported by softer labor data that reinforced hopes for a steadier Fed path. Risk appetite improved across growth shares, with the Nasdaq leading the advance.
Unusual-move stocks were concentrated in semiconductors, AI-linked names, space, and hard drives. NVIDIA up 1.34% at $233.95; Advanced Micro Devices up 2.95% at $633.91; Broadcom up 3.35% at $355.14; Tesla Motors up 4.65% at $370.59; Rocket Lab USA, Inc. up 4.91% at $73.92; CoreWeave, Inc. up 1.19% at $89.62; Applied Optoelectronics up 7.71% at $115.59; NEBIUS up 4.53% at $242.81. On the downside, Western Digital fell 10.22% at $415.29; Seagate Technology PLC fell 10.21% at $848.99; Coinbase Global, Inc. fell 3.32% at $183.00; and Nike fell 3.64% at $33.87. Several U.S.-listed China names also weakened, including Lufax fell 14.29% at $1.02 and Viomi Technology Co. fell 17.68% at $1.56.
Overall, the session favored semis and AI infrastructure while penalizing storage and some consumer-linked names. Apple up 1.02% at $333.69; Alphabet up 1.62% at $340.35; Oracle up 3.06% at $142.30; NEBIUS up 4.53% at $242.81; and SpaceX up 7.35% at $158.96. The market also saw Taiwan Semiconductor Manufacturing rise 2.96% to $472.78, reinforcing the broad chip bid.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.82%, latest at 5.28. The bond move suggests yields stayed elevated even as equities rallied on softer labor signals.
USD/CNH rose 0.0609%, at 6.74; USD/HKD rose 0.0157%, at 7.85. The dollar held broadly firm versus Asian currencies.
U.S. Dollar Index fell 0.1176%, at 101.92. The index eased slightly, consistent with the weaker dollar tone after the jobs data.
WTI crude futures fell 1.73%, at 91.26 USD/bbl; COMEX gold futures fell 0.72%, at 4172.10 USD/oz. Energy and gold both retreated, with crude giving back part of recent gains.
03 Top News
1. U.S. payroll growth slowed sharply, and markets responded by betting the Fed may hold rates steady. The Labor Department reported a much weaker-than-expected jobs gain, while the unemployment rate ticked higher. That combination pushed stocks higher and lifted confidence that policy will not tighten further as quickly.
2. Tesla reported stronger-than-expected vehicle deliveries, boosting the stock. The company said quarterly deliveries exceeded Wall Street estimates, with production also reported in the same release. The result signaled demand remains resilient despite a challenging EV backdrop.
3. Rivian posted record deliveries and reaffirmed its annual outlook. The automaker said deliveries reached a quarterly high after ramping its lower-cost R2 rollout. The update reinforced its growth narrative and suggested execution remains on track.
4. Toshiba’s reported HDD expansion plan pressured Western Digital and Seagate. Nikkei reported that Toshiba plans to double hard-drive production capacity over the next several years. The report raised concerns about future supply competition in storage, sending both U.S. leaders lower.
5. The Group of Seven agreed to release emergency crude and fuel stocks. Leaders said the move would help cool diesel and other fuel prices. The announcement also reduced the risk of tighter export restrictions, easing one source of energy-market stress.
6. The European Union moved closer to placing Azure and AWS under its tech rules. Reports said regulators are finalizing an investigation that could bring both cloud platforms into scope. The step would expand oversight pressure on large U.S. cloud providers.
7. Ford reported weaker quarterly vehicle sales, but truck demand remained a bright spot. The automaker said total sales fell from a year earlier, partly because of model phaseouts. It also pointed to stronger F-Series and large SUV performance, which helped limit the downside.
8. Morgan Stanley upgraded Nvidia to top pick, citing multiple operational tailwinds. The firm said recent developments in infrastructure, financing, and component constraints favor the chipmaker. The call reinforced enthusiasm around AI-related semiconductor demand.
9. Bank of America reiterated Apple as a buy after finding improved App Store revenue trends. The bank said checks indicated year-over-year growth in App Store sales. The note suggested services momentum remains supportive for the company’s earnings profile.
10. The U.S. government signaled a new AI policy move by preparing to appoint an AI czar. Reports said a senior official is expected to be named to coordinate artificial-intelligence policy. The appointment would centralize oversight of a fast-growing strategic area.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data --- Disclaimer: This content is for reference only and does not constitute investment advice.