Stock Market

The U.S. major indexes closed as follows: Dow Jones declined 0.35% at 51670.10; S&P 500 declined 0.02% at 7805.45; NASDAQ declined 0.15% at 27204.38. The session was broadly cautious, with small declines across the three benchmarks.

Among unusual-move stocks, several names posted outsized gains while a few semiconductor-related shares weakened. Jayud Global Logistics surged 56.97% to $1.46; ICZOOM Group rose 44.40% to $1.26; Xiao I Corp advanced 25.42% to $3.01; Jianzhi Education Technology Group jumped 23.01% to $1.39; and Four Seasons Education rallied 22.08% to $12.00.

On the downside, Smart Powerr fell 30.00% to $0.14, Euro Tech declined 26.98% to $1.57, China SXT Pharmaceuticals plunged 24.12% to $0.08, and Freight Technologies lost 20.63% to $0.28.

In the larger-cap group, Meta rose 2.63% to $762.50, AMD gained 1.90% to $605.53, while Applied Materials fell 6.50% to $465.17 and Micron Technology declined 3.62% to $953.19.

Broad tech and internet shares were mixed, with the strongest moves concentrated in select AI and platform names. NVIDIA rose 0.97% to $228.52, Microsoft gained 0.43% to $543.45, Alphabet inched up 0.16% to $349.52, and Apple added 0.09% to $341.27. Among other movers, Intel advanced 1.44% to $102.81, Broadcom rose 0.73% to $357.31, and Palantir edged lower 0.16% to $208.67.

Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 5.22.

USD/CNH fell 0.0089%, at 6.73; USD/HKD rose 0.0009%, at 7.85.

U.S. Dollar Index fell 0.0098%, at 102.20.

WTI crude futures rose 0.46%, at 93.60 USD/bbl; COMEX gold futures rose 0.16%, at 4183.90 USD/oz.

Top News

1. AT&T sold its Mexico unit to Televisa and Fintech for $2 billion. The carrier said the divestiture is meant to sharpen its focus on domestic fiber and 5G networks. The buyer will fund the deal with cash and secured debt, and the transaction is expected to close after regulatory approvals.

2. Bank of America was fined $1.21 billion by U.S. authorities over compliance failures. The Treasury Department said the bank failed to detect and report suspicious activity tied to money laundering and other illicit finance risks. The penalty will affect third-quarter earnings and requires an outside review of past transactions.

3. AbbVie reported positive late-stage results for its Crohn's disease drug Skyrizi. The company said the trial showed 36% of patients reached endoscopic remission, with higher rates in therapy-naive patients. The data support the drug's ongoing regulatory review in the U.S. and Europe.

4. Applied Materials drew investor concern after it declined to provide a key industry forecast. Management used its investor day to outline long-term margin and cash-return targets. Shares fell sharply as the omission overshadowed the otherwise upbeat capital-allocation plan.

5. A Delaware jury found Arm breached a licensing agreement with Qualcomm. The jury awarded Qualcomm only $2 in damages, but the verdict also said Arm intentionally interfered with Qualcomm's business relationship with Meta. The ruling leaves key disputes unresolved while both sides claim partial victory.

6. Boeing reported September jet deliveries that increased from the prior month and year earlier. The planemaker delivered 57 aircraft and booked 165 new orders, including a large Turkish Airlines purchase. The update signals progress in production ramp-up and order recovery.

7. Johnson & Johnson faced renewed pressure after medtech sales missed expectations. The company beat earnings and lifted its full-year outlook, but weakness in orthopedics, surgery, and vision weighed on sentiment. Management said overseas budget constraints remain a drag on some procedures.

8. Bumble agreed to be taken private by Ithaca Holdings in a $1.3 billion deal. The transaction comes as the dating app tries to reverse declining paying users and revenue. The company has been leaning on AI-powered features, group dating, and a redesigned product experience.

9. Meta drew fresh attention after a research note raised its price target. The bullish call cited stronger monetization, user engagement, and AI-driven improvements across advertising and products. The note framed the company as a long-term AI winner despite regulatory overhangs.

10. ASML is set to report earnings as investors look for a confidence boost in chip equipment. Analysts expect strong results and are watching for pricing power as processor demand remains solid. The update matters for semiconductor shares after a stretch of weakness in the group.

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