Market

September 4, U.S. stocks closed solidly higher with a technology-led advance lifting all three major benchmarks. The Dow Jones Industrial Average climbed 1.18%, the S&P 500 added 1.06%, and the Nasdaq Composite outperformed with a 1.40% gain as investors embraced upbeat earnings news and expectations that the Federal Reserve will hold rates steady at its next meeting. A softer-than-feared manufacturing readout and easing Treasury yields encouraged buyers, helping the S&P edge back above the 7,700 mark and leaving sentiment broadly constructive.

Big tech and growth winners dominated the session. MicroStrategy (MSTR) jumped 17.56% on renewed crypto enthusiasm, while Snowflake (SNOW) surged 16.55% after unveiling new AI data-cloud tools. Circle (CRCL) rallied 16.46% and Palantir (PLTR) climbed 7.71% as investors chased AI-linked names. Tesla (TSLA) powered 5.42% higher on signs of record quarterly deliveries, with Meta Platforms (META) up 3.01% and Microsoft (MSFT) ahead 2.68%. Dell Technologies (DELL) rose 4.63% on a revenue upgrade. On the downside, Broadcom (AVGO) fell 2.74% despite posting strong quarterly profits, and Advanced Micro Devices (AMD) eased 0.18% amid mild profit-taking.

Chinese ADRs and thematic trades saw outsized swings. Antelope Enterprise (AEHL) soared 37.20%, Burning Rock Biotech (BNR) leapt 17.81%, and Hesai Group (HSAI) added 11.27% after upbeat product headlines. Education platform 17 Education & Technology (YQ) rallied 21.49%, but Connect Biopharma (CNTB) tumbled 30.07% following trial setbacks, and Viomi Technology (VIOT) slid 23.60% on weak guidance. Trip.com (TCOM) retreated 5.11% amid travel demand concerns, while Tiger Brokers (TIGR) advanced 5.85% on stronger trading volumes.

News

Tesla unveiled an accelerated battery-production roadmap, boosting sentiment. Management detailed plans to scale next-generation 4680 cell output at its Texas facility, reinforcing expectations for margin recovery and lifting the stock 5.42%.

Broadcom reported record quarterly profit but issued cautious guidance. Supply-chain normalization and moderating AI chip orders tempered the outlook, prompting a 2.74% share price fall as investors locked in gains.

Snowflake launched new Cortex AI tools and a $2 billion buyback. The data-cloud specialist said early adopters are expanding workloads, fueling a 16.55% jump as analysts raised price targets.

MicroStrategy disclosed an additional $600 million Bitcoin purchase. The move lifted its crypto-levered shares 17.56% and stoked broader enthusiasm among digital-asset equities.

Dell Technologies raised full-year revenue guidance on enterprise PC demand. Management cited AI-related server orders, sending the stock up 4.63% and lifting peers in the hardware space.

Coinbase rallied after Bitcoin briefly topped a key $40,000 threshold. The exchange operator’s 10.14% rise reflected hopes for increased trading volumes and potential ETF approvals.

The ISM manufacturing index showed contraction easing, calming recession worries. A modest uptick in new orders suggested industrial activity is stabilizing, bolstering cyclical shares.

A Federal Reserve governor signaled patience on future rate cuts. Comments indicating a data-dependent stance reinforced expectations for steady policy at the next meeting, supporting equity valuations.

OPEC+ maintained supply discipline in its latest review. Brent crude’s advance helped energy names such as Bloom Energy, which climbed 8.41% on renewed clean-power interest.

The SEC filed a civil suit against a crypto-lending platform over unregistered offerings. The action highlights ongoing regulatory scrutiny of digital-asset firms and weighed on some smaller crypto-related stocks despite broader market gains.