01 Stock Market
Wall Street's main indexes finished higher on Thursday, the second straight day of gains, as investors bought shares after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.
Dow Jones up 0.63% at $49,384.01; S&P 500 up 0.55% at $6,913.35; Nasdaq Composite up 0.91% at $23,436.02. Broad gains into the close saw tech leadership buoy the Nasdaq while cyclicals aided the Dow. Breadth improved versus the prior session, with several high-beta names posting outsized moves on company-specific headlines and event-driven catalysts.
Unusual-move stocks saw outsized swings across tech and resources. Tesla up 4.15% at $449.36; Meta Platforms up 5.66% at $647.63; Alibaba up 5.05% at $177.18; USA Rare Earth up 17.49% at $22.71; Critical Metals up 20.89% at $18.46; Micron Technology up 2.18% at $397.58; AMD up 1.57% at $253.73; Microsoft up 1.58% at $451.14; Oracle up 2.47% at $178.18; Nvidia up 0.83% at $184.84; Apple up 0.28% at $248.35; Netflix down 2.13% at $83.54; Broadcom down 1.01% at $325.49; Taiwan Semiconductor up 0.38% at $327.37; Alphabet up 0.75% at $330.84.
Event drivers underpinned the standout moves. Rare earth names rallied after project and partnership updates, while AI infrastructure demand and positive Big Tech flows supported semis and platforms. On the downside, selective pressure in media and select chip suppliers reflected mixed guidance and shifting demand expectations. Investors should note that single-stock volatility remains elevated around corporate actions, regulatory milestones, and supply-chain developments.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.10%, latest at 4.25.
USD/CNH rose 0.00%, at 6.97; USD/HKD rose 0.00%, at 7.80.
U.S. Dollar Index rose 0.02%, at 98.30.
WTI crude futures rose 0.42%, at 59.61 USD/bbl; COMEX gold futures rose 0.81%, at 4,953.20 USD/oz.
03 Top News
Intel Struggles to Meet AI Data Center Demand, Shares Drop 13%
Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates, sending shares down 13% in after-hours trading.
The forecast underscores the difficulties faced by Intel in predicting global chip markets, where the company's current products are the result of decisions made years ago. The company, whose shares have risen 40% in the past month, recently launched a long-awaited laptop chip designed to reclaim its lead in personal computers just as a memory chip crunch is expected to depress sales across that industry.
Trump Accuses JPMorgan, Dimon of Debanking in $5B Lawsuit - Report
U.S. President Donald Trump on Thursday is filing a $5B lawsuit against JPMorgan Chase and its longtime CEO Jamie Dimon, alleging the bank cut ties with him and his businesses for political reasons, according to a media report.
The suit alleges JPMorgan (JPM) committed trade libel and breached its implied duty of good faith and fair dealing, Fox Business reported, citing the complaint, which was filed in Miami-Dade County state court. Trump also alleged that Dimon ran afoul of Florida's Unfair and Deceptive Trade Practices Act.
Celestica Shares Sink on Report Google's TPU Servers May Be Assembled Elsewhere
Celestica shares sank nearly 6% on Thursday after Digitimes reported that Google's tensor processing unit servers may be assembled by another supplier.
Google has expanded assembly orders for its L10-L11 TPU servers to Inventec and other Taiwanese manufacturers, the news outlet added, citing sources. The servers beyond the L10 were previously assembled by Celestica.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.