01 Stock Market

The U.S. major indexes closed as follows: Dow Jones declined 0.63% at 52,093.11; S&P 500 fell 0.45% at 7,585.73; NASDAQ declined 0.78% at 25,981.57. Softer sentiment around big-cap technology and renewed macro concerns kept all three benchmarks in the red by the closing bell.

Chipmakers led the day’s standout moves. Advanced Micro Devices (AMD) up 2.19% at $504.20 and NVIDIA (NVDA) up 0.57% at $212.17 extended recent momentum in AI-linked names, while Marvell Technology (MRVL) up 1.32% at $221.70 also advanced. Social-media giant Meta Platforms (META) gained 0.70% at $670.24 after highlighting in-house AI-chip plans. On the downside, crypto-related Coinbase Global (COIN) fell 10.10% at $172.11 and stable-coin firm Circle Internet (CRCL) slid 11.41% at $86.30 ahead of a key Senate vote on digital-asset rules. Among megacaps, Oracle (ORCL) declined 3.07% at $140.35 and Broadcom (AVGO) fell 1.58% at $339.27.

ETF signals were mixed. The leveraged semiconductor fund Direxion Daily Semiconductors Bull 3x (SOXL) advanced 1.18% at $102.32, mirroring strength in chip names, whereas broad benchmarks such as SPDR S&P 500 ETF (SPY) slipped 0.46% at $757.39 and Invesco QQQ (QQQ) declined 0.65% at $704.54, underscoring the broader market’s cautious tone.

02 Other Markets

U.S. 10-year Treasury yield was unchanged at 5.00%. USD/CNH rose 0.006%, at 6.77; USD/HKD fell 0.004%, at 7.84. U.S. Dollar Index rose 0.01%, at 99.65. WTI crude futures fell 0.40%, at 100.35 USD/bbl; COMEX gold futures slipped 0.09%, at 4,329.10 USD/oz.

03 Top News

1. OpenAI is exploring a fresh funding round that could value the company near $1.2 trillion. Early-stage talks with large investors were reportedly initiated by backers rather than the firm itself. The potential raise would lift the ChatGPT maker’s valuation far above the $852 billion set in its March financing.

2. Danaher declared a new quarterly dividend of $0.40 per share. The payout will be made to shareholders of record at month-end and is scheduled for late October. The company says steady cash generation supports ongoing returns to investors.

3. U.S. Senate leaders signaled openness to a diesel export ban amid record pump prices. Average nationwide diesel costs hit $6.27 per gallon, with California topping $8. Analysts warn restricting exports could tighten global supply and backfire on prices.

4. A drone attack on Saudi Arabia’s East-West Pipeline lifted Brent crude above $108 a barrel. The 750-mile conduit, capable of moving up to 7 million bpd, faces weeks of repairs. Supply fears intensified after Houthi forces threatened Red Sea shipping lanes.

5. Rising oil prices pushed U.S. Treasury yields to near-two-decade highs, boosting the dollar. The benchmark 10-year yield brushed 5.04% as traders braced for a Federal Reserve rate hike. Higher yields weighed on equities late in the session.

6. The Congressional Budget Office estimated U.S. war costs with Iran at $38 billion so far. Replacing missile defense interceptors could take five years and add up to $2-$3 billion in monthly expenses. Lawmakers are assessing long-term fiscal implications.

7. Rocket Lab raised $1.94 billion via an at-the-market share sale to finance its Iridium takeover. The space-launch company also amended loan facilities and scrapped a planned bridge loan. Closing of the Iridium deal is targeted for mid-2027.

8. Meta Platforms plans to roll out its third-generation in-house AI chip across data centers next year. The “MTIA 450” processor is designed to cut energy use and costs for AI workloads. A fourth-generation chip is slated for late 2027 deployment.

9. The looming Senate vote on the Clarity Act pressured crypto markets and related stocks. Odds of passage slipped below 20%, sending Bitcoin under $77,000 and dragging companies like Coinbase and Circle lower. Investors worry strict rules could curb sector growth.

10. GE Aerospace shares dropped about 3% as surging crude prices threatened airline spending. Analysts warned that higher jet-fuel costs may slow demand for aftermarket engine services. The stock was already under strain after an $11.75 billion acquisition announcement.

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