01 Stock Market

The U.S. major indexes closed as follows: Dow Jones up 0.05% at 50,668.97; S&P 500 up 0.58% at 7,563.63; NASDAQ up 0.91% at 26,917.47. A late-session push in large-cap technology and semiconductor names helped the three gauges notch fresh multi-week highs, even as broader cyclicals stayed mixed.

Chip and software leaders dominated unusual moves. Advanced Micro Devices (AMD) up 4.55% at $518.09; Snowflake (SNOW) up 36.48% at $239.20; Nvidia (NVDA) up 0.78% at $214.25; Microsoft (MSFT) up 3.47% at $426.99; Oracle (ORCL) up 6.67% at $203.70. Dell Technologies (DELL) up 3.84% at $317.05 built on upbeat guidance, while Palantir (PLTR) advanced 8.17% at $143.34. On the downside, Micron Technology (MU) declined 0.53% at $923.52 and PDD Holdings (PDD) fell 4.13% at $83.03.

Momentum remained concentrated in AI-linked hardware and data-infrastructure plays. Leveraged semiconductor ETF Direxion Bull 3× (SOXL) rose 3.05%, whereas its bearish counterpart (SOXS) declined 3.37%, reflecting bullish sentiment toward chips. Broader market breadth improved modestly, but volume was heavily skewed toward mega-cap technology and select growth software names.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 4.46%.

USD/CNH fell 0.01%, at 6.82; USD/HKD rose 0.00%, at 7.83.

U.S. Dollar Index fell 0.01%, at 98.99.

WTI crude futures fell 0.72%, at 88.26 USD/bbl; COMEX gold futures fell 0.18%, at 4,524.20 USD/oz.

03 Top News

1. Dell lifted its full-year revenue and profit outlook on surging demand for AI-ready servers. Management now sees annual sales of $165–$169 billion and EPS of $17.90, sharply above prior guidance. The company also secured a $9.7 billion Pentagon software-licensing contract, sending shares markedly higher.

2. IBM committed $10 billion to quantum computing over the next five years. The investment spans R&D, manufacturing scale-up and strategic acquisitions to achieve a fault-tolerant quantum computer by 2029. A recent $1 billion federal grant reinforces government support for domestic quantum leadership.

3. CVS Health reinstated coverage for Eli Lilly’s weight-loss drug Zepbound and added new pill Foundayo. The pharmacy-benefit manager will list both therapies as preferred options from October, aiming to expand affordable access to GLP-1 treatments. Lilly’s shares edged higher on the formulary win.

4. Washington and Tehran reached a preliminary 60-day accord to extend the cease-fire and reopen nuclear talks. The memorandum awaits final approval from President Trump. Diplomatic progress could temper regional risks and energy-market volatility.

5. U.S. Treasury unveiled the “Trump Accounts” app to foster childhood investing. The platform offers $1,000 seed deposits for eligible newborns, developed with Robinhood and BNY Mellon. Major banks and corporates pledged matching contributions to bolster household wealth-building.

6. Best Buy beat quarterly earnings forecasts and guided for stronger summer sales. Comparable sales rose 2%, aided by demand for gaming consoles and wearable tech. Incoming CEO Jason Bonfig will prioritize higher-margin advertising and marketplace initiatives; shares jumped in response.

7. Federal efforts to fund domestic drone makers gained momentum, according to WSJ sources. Negotiations with firms such as Unusual Machines and Ondas aim to boost U.S. production capacity and reduce costs for strategic unmanned systems, sparking double-digit gains across the niche sector.

8. The Fed’s preferred inflation gauge, the PCE index, climbed to a three-year high at 3.8% year-on-year. A fifth straight monthly rise keeps price growth well above the 2% target, complicating prospects for near-term interest-rate cuts despite a softer core reading of 0.2% month-over-month.

9. Microsoft will unveil a new coding-assistant model next week in a bid to regain AI leadership. The Information reported the tool targets software-developer productivity and competes directly with GitHub Copilot rivals. Shares rose 3% on optimism for incremental subscription revenue.

10. Snowflake raised its fiscal 2027 product-revenue target and announced a $6 billion partnership with Amazon Web Services. The cloud-data firm now expects stronger growth from AI-driven analytics demand, prompting a wave of price-target upgrades and a sharp share-price surge.

Sources: Reuters, Dow Jones, MT Newswires, Thomson Reuters, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.