Post-Bell|U.S. Stocks Rally Broadly, Dow Jumps Over 3%; Microsoft and Amazon Surge More Than 6% as Qualcomm Plunges 6% Post-Earnings and Chip Stocks Fall

Tiger Newspress
4小时前

Stock Market

The U.S. major indexes closed as follows: Dow Jones up 3.03% at 53356.12; S&P 500 up 1.58% at 7688.62; NASDAQ up 1.44% at 25736.51. The broad advance was powered by a relief rally, with lower oil prices, easing Treasury yields, and a softer dollar helping sentiment. The move also reflected a rotation into large-cap technology and consumer names after the market absorbed election results and geopolitical headlines.

Unusual-move stocks were mixed, with several chip and AI-related names under pressure while select megacaps and Chinese ADRs gained. Among the biggest moves, Microsoft rose 6.68% at $555.80, Amazon.com rose 6.12% at $266.03, Apple rose 5.31% at $349.51, and Alphabet rose 3.25% at $287.30.

On the downside, CoreWeave, Inc. fell 9.90% at $48.42, SanDisk Corp. fell 7.91% at $1037.40, Micron Technology fell 7.00% at $795.23, NVIDIA fell 3.17% at $200.13, and Tesla Motors fell 3.34% at $385.19.

Outside the megacap group, VNET Group surged 18.12% at $3.52, Burning Rock Biotech Limited rose 17.28% at $12.83, Autohome climbed 12.68% at $22.49, while Hongli Group Inc. declined 27.30% at $2.93 and MindForge Inc. fell 20.42% at $8.30.

Other Markets

U.S. 10-year Treasury yield fell by 0.00%, latest at 4.89. The benchmark yield was lower on the day, consistent with the broader risk-on move in equities and the retreat in oil prices.

USD/CNH rose 0.0045%, at 6.72; USD/HKD fell -0.0047%, at 7.85. The offshore yuan was essentially stable, while the Hong Kong dollar remained tightly anchored to its peg.

U.S. Dollar Index fell 0.0197%, at 101.50. The softer dollar reflected easing uncertainty and a modest move away from defensive positioning.

WTI crude futures rose 0.11%, at 88.22 USD/bbl; COMEX gold futures fell -0.02%, at 4072.00 USD/oz. Oil remained volatile after a sharp prior decline, while gold stayed elevated near record territory.

Top News

1. Amazon MGM walked away from a Sam Altman biopic after deciding the film did not match its expectations. The studio’s head said the project, titled “Artificial,” did not align with what the company had envisioned when it approved it. Amazon later sold the film to another studio, and the movie is slated for a theatrical release in select U.S. theaters.

2. McDonald’s launched tests of new value-menu formats as it tries to win back budget-conscious customers. The company said it is testing mix-and-match combos and fixed bundles in roughly 1,900 U.S. restaurants. Management said the results will help determine the best nationwide rollout, with a broader launch expected in the future.

3. McKesson raised its adjusted profit outlook after reporting stronger quarterly profit and sales. The drug distributor said growth in oncology and multispecialty services lifted revenue and earnings above expectations. The company also pointed to recent deal activity as it expands its healthcare platform.

4. Qualcomm reported a revenue decline as handset weakness outweighed automotive-chip growth. The company said handset revenue fell sharply, even as automotive sales jumped and internet-of-things revenue increased. Qualcomm also reiterated its push into the data-center market and said its non-handset mix should improve over time.

5. Arm forecast revenue above Wall Street estimates as AI spending continued to support demand. The chip designer said AI-related compute demand remained strong across cloud, devices, and autonomous systems. It also said data-center royalties doubled year over year, underscoring rising adoption of its architecture.

6. 3M agreed to pay $7.4 billion to resolve personal-injury claims tied to PFAS exposure. The settlement covers claims linked to so-called forever chemicals and will be paid over many years. The company said the agreement removes a major layer of legal uncertainty.

7. Andersons agreed to acquire Harvestone Low Carbon Partners to expand its renewables platform. The agricultural-products company said the transaction will add a low-carbon ethanol business to its portfolio. The deal shows how traditional commodity firms are extending into cleaner-fuel assets.

8. Amazon said it remains committed to OpenAI-related business even after exiting the biopic project. The company’s studio chief said Amazon did not proceed because the film fell short of expectations, not because of a broader change in strategy. Amazon continues to invest in OpenAI and to provide computing capacity to the company.

9. Democratic control of Congress triggered a broad market relief rally. Investors responded to the prospect of divided government, lower regulatory risk, and easing geopolitical pressure. The move helped drive down oil and Treasury yields while lifting stocks across the board.

10. The dollar declined as traders priced in the implications of a political shift in Washington. Reuters reported that the greenback retreated after Democrats took control of Congress, easing uncertainty and supporting risk assets. Lower yields and softer energy prices added to the pressure on the currency.

Sources: Reuters, Dow Jones, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.

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