01 Stock Market
The U.S. major indexes closed as follows: the Dow Jones up 0.60% at 49,442.44; the S&P 500 up 0.26% at 6,944.47; and the Nasdaq up 0.25% at 23,530.02. Broader strength was paced by semiconductors and select large-cap tech, while crypto-linked names underperformed into the close.
Unusual-move stocks saw notable dispersion across tech, chips, and crypto. NVDA up 2.13% at $187.05; TSM up 4.44% at $341.64; SNDK up 5.53% at $409.24; AMD up 1.93% at $227.92; SOXL up 4.88% at $58.08; CRWV up 5.80% at $95.01; MU up 0.98% at $336.63; META up 0.86% at $620.80; while GOOG down 0.94% at $333.16; MSFT down 0.59% at $456.66; AAPL down 0.67% at $258.21; TSLA down 0.14% at $438.57; COIN down 6.48% at $239.28; MSTR down 4.70% at $170.91; SLV down 1.47% at $83.32; AGQ down 3.30% at $257.76. Benchmarks and vehicles: QQQ up 0.36% at $621.78; SPY up 0.27% at $692.24; VOO up 0.26% at $636.62; TQQQ up 1.02% at $54.38; AVGO up 0.92% at $343.02; NFLX down 0.56% at $88.05; RKLB down 1.13% at $90.76; GRAB down 5.18% at $4.39; PDD down 0.36% at $107.46; TCOM down 2.36% at $61.30.
Momentum in chips followed upbeat supplier and equipment signals, while selective profit-taking weighed on megacap software. Crypto-exposed stocks retreated amid policy uncertainty, and silver proxies softened alongside precious metals. On balance, leadership in AI-linked semis and storage helped offset weakness in digital assets and parts of consumer tech.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.27%, latest at 4.17.
USD/CNH rose 0.00%, at 6.97; USD/HKD rose 0.0013%, at 7.80.
U.S. Dollar Index fell 0.0060%, at 99.36.
WTI crude futures fell 0.14%, at 59.00 USD/bbl; COMEX gold futures fell 0.20%, at 4,614.30 USD/oz.
03 Top News
Strive Specialties sued Eli Lilly and Novo Nordisk over alleged GLP‑1 market dominance, seeking injunctive relief. The compounding pharmacy alleges exclusive telehealth deals blocked customized prescriptions and claims disparagement of compounded drugs. The legal action could affect access to tailored versions of weight-loss medicines and add compliance risk for LLY and NVO.
Talen Energy agreed to buy about 2.6 GW of natural gas-fired capacity from Energy Capital Partners for $3.45 billion. The package includes assets in Ohio and Indiana, with roughly $2.55 billion in cash and about $900 million in stock. The deal scales Talen’s generation to meet rising data center and electrification demand, and shares surged on the announcement.
Spotify raised its U.S. Premium price to $12.99, expanding monetization per subscriber. The adjustment will apply on upcoming billing cycles and was communicated to users via email. The move supports average revenue per user for Spotify, and shares ticked higher on the pricing update.
Goldman Sachs reported higher profit on dealmaking strength and trading gains, aided by exiting the Apple card partnership. Equity revenue rose and fixed income trading improved, while a one-time gain and reserve release supported results. The strategic retreat from consumer finance refocuses Goldman Sachs on core franchises and capital markets.
Morgan Stanley posted a profit jump as investment banking revenue rebounded on revived M&A and IPO activity. The turnaround reflects CEO confidence in deal pipelines amid AI investment and a supportive rate outlook. The performance reinforces Morgan Stanley’s advisory leadership and earnings recovery path.
TSMC’s quarterly profit leapt on AI demand, with a capex plan guiding to $52–$56 billion. Management signaled stronger multi-year investment in advanced nodes and packaging capacity to relieve bottlenecks. The outlook buoyed TSMC shares and reinforced confidence across AI chip supply chains.
ASML’s market capitalization topped $500 billion as equipment demand prospects brightened with TSMC’s higher spending. Analysts flagged potential consensus upgrades for equipment makers amid AI-related fab expansion. The milestone underscores ASML’s role as a critical enabler in advanced semiconductor manufacturing.
BlackRock beat earnings and revenue expectations, highlighting asset growth and operating leverage. Adjusted EPS of 13.16 beat consensus and sales of 7.008 billion exceeded forecasts. The print supports BlackRock’s resilient flows and diversified fee base across index, active, and alternatives.
Coinbase withdrew support for a crypto market-structure bill, prompting a brief Senate Banking Committee postponement. CEO Brian Armstrong said the current draft would be materially worse than the status quo, citing concerns over DeFi and tokenized equities. The pause increased policy uncertainty, and Coinbase and crypto-linked assets pulled back.
U.S. initial jobless claims were reported at 198,000, below economist estimates. The reading points to a resilient labor market and may influence rate-cut expectations and risk appetite. Macro stability supports consumer spending capacity, though inflation dynamics remain key for policy trajectories.
Sources: Reuters, Dow Jones, Tiger Newspress, Benzinga, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.