01 Stock Market
The U.S. major indexes closed as follows: the Dow Jones up 0.60% at 48,731.16, the S&P 500 up 0.32% at 6,932.05, and the Nasdaq Composite up 0.22% at 23,613.31. Gains were broad but modest, with blue chips and megacaps mixed into the close.
Unusual movers were led by chips and select consumer names, while a satellite play slid. Micron Technology: MU up 3.77% at $286.68; Nike: NKE up 4.64% at $60.00; Oracle: ORCL up 1.10% at $197.49; Novo Nordisk: NVO up 1.84% at $52.56; AST SpaceMobile: ASTS down 8.89% at $78.05. In megacaps: Nvidia: NVDA down 0.32% at $188.61; Apple: AAPL up 0.53% at $273.81; Microsoft: MSFT up 0.24% at $488.02; Alphabet: GOOGL down 0.08% at $314.09; Alphabet (Class C): GOOG down 0.00% at $315.67; Meta Platforms: META up 0.39% at $667.55; Amazon: AMZN up 0.10% at $232.38; Tesla: TSLA down 0.03% at $485.40; Advanced Micro Devices: AMD up 0.07% at $215.04; Intel: INTC down 0.52% at $36.16.
ETFs and liquidity proxies firmed as risk appetite held steady. SPDR S&P 500 ETF: SPY up 0.35% at $690.38; Invesco QQQ: QQQ up 0.29% at $623.93; Vanguard S&P 500 ETF: VOO up 0.33% at $634.78; ProShares UltraPro QQQ: TQQQ up 0.79% at $55.36; Direxion Daily Semiconductors Bull 3x: SOXL up 1.17% at $44.21; iShares Silver Trust: SLV up 0.59% at $65.22; Rocket Lab: RKLB up 0.00% at $77.18; SanDisk: SNDK up 2.12% at $250.08.
02 Other Markets
The U.S. 10-year Treasury yield rose by 0.00%, latest at 4.13%.
USD/CNH rose 0.0000%, at 7.01; USD/HKD rose 0.0013%, at 7.78.
U.S. Dollar Index rose 0.0010%, at 97.96.
WTI crude futures rose 0.03%, at 58.40 USD/bbl; COMEX gold futures fell 0.01%, at 4,505.40 USD/oz.
03 Top News
Micron Technology announced an expansion of high-bandwidth memory capacity to meet accelerating AI demand, lifting investor confidence. The company highlighted stronger visibility from hyperscale customers and accelerated node transitions. Management indicated the capex plan prioritizes HBM and leading-edge DRAM, supporting margin mix in data center products.
Dynavax rose 38% in Wednesday trading after French pharmaceutical giant Sanofi said it plans to acquire Dynavax for $15.50 per share in cash, valuing the vaccines company at about $2.2 billion, according to a statement released Wednesday.
Nike unveiled progress on inventory normalization and reinforced its cost-savings program, improving its profitability outlook. The company emphasized tighter SKU management and more targeted marketing spend. Executives said the reshaped product pipeline aims to support full-price sell-through and gross margin recovery.
Nvidia introduced updates to its data center software and partner ecosystem to broaden AI workload support. The enhancements target inference efficiency and deployment flexibility for enterprise users. Partners signaled faster adoption paths, reinforcing demand across training and inference clusters.
Tesla rolled out a broad software update focused on autonomy features and infotainment improvements to enhance the in-car experience. The release expands feature availability to additional regions and trims. Management noted ongoing data collection to refine driver-assistance capabilities.
Apple resumed sales of certain Watch models in the U.S. after implementing design changes to address a patent dispute, restoring product availability. The company said it would continue to work with regulators while updating firmware and hardware where necessary. Retail channels signaled improving stock levels as shipments restarted.
Oracle announced a multi-year cloud infrastructure agreement with a large enterprise customer, bolstering its backlog and utilization. The deal spans database services and AI-enabled analytics on Oracle Cloud Infrastructure. Management said the agreement underscores demand for performance, security, and lower total cost of ownership.
Amazon expanded its same-day and overnight delivery coverage to additional metro areas, aiming to accelerate e-commerce conversion. The company added new sortation and delivery nodes to shorten last-mile distances. Third-party sellers gain access to faster badges, potentially improving listing visibility.
Microsoft launched new Copilot features for Microsoft 365, targeting broader enterprise use cases and governance controls. The update adds advanced prompt management, security enhancements, and role-based access. Early adopters reported productivity gains in document creation, coding assistance, and workflow automation.
The U.S. Commerce Department added several entities to an export control list to address national security concerns, affecting high-tech supply chains. The action tightens licensing requirements for sensitive technologies. Companies in affected sectors are assessing alternative sourcing and compliance adjustments.
The Federal Reserve released an update on financial stability conditions, flagging pockets of leverage and liquidity risks while noting overall resilience. The report cited nonbank credit channels and market structure as areas of focus. Banks are reviewing risk appetites and capital planning in light of supervisory priorities.
Sources: Reuters, Dow Jones, company press releases, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.