01 Stock Market
As of Sep 17, U.S. stock index futures performed as follows: Dow Jones futures advanced 0.88%, S&P 500 futures climbed 0.93%, and Nasdaq 100 futures jumped 1.24%, signaling a firmer open as traders digested overnight policy signals and corporate news.
Notable Stock Movers: Semiconductor bellwether NVDA up 1.53% at $217.18 after sector-wide strength, while electric-vehicle leader TSLA up 1.80% at $364.54. Smartphone giant AAPL up 0.48% at $334.00, and cloud-chip challenger AMD up 2.88% at $527.28. Among smaller-cap standouts, KXIN up 76.11% at $1.99 on robust interim results, china-based ceramics producer AEHL up 25.27% at $11.55, and environmental materials firm RETO up 30.98% at $2.41. Leveraged semiconductor ETF SOXL up 7.10% at $111.35 reflects momentum across the chip complex.
Broad Themes: Gains in large-cap technology and momentum in niche Chinese ADRs supported overall sentiment, while modest slippage appeared in selected micro-caps such as SOXS down 6.86% at $46.67 as traders rotated into bullish semiconductor exposures. The pre-bell tape suggests investors are positioning for potential tailwinds from continued artificial-intelligence demand, corporate deal flow and an accommodative global policy backdrop.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.82%, to 4.96%.
• U.S. Dollar Index fell 0.10% to 100.22.
• WTI crude oil futures fell 1.94% to 95.62 USD/barrel; COMEX gold futures rose 0.11% to 4 392.20 USD/ounce.
03 Key News
1. CoreWeave will raise up to $3 billion through convertible senior notes, expanding its capital base for data-center growth. The GPU cloud specialist also registered up to 35 million new Class A shares, a move designed to fund infrastructure and potential acquisitions while giving existing holders greater liquidity.
2. Nebius is increasing prices across its GPU cloud services by roughly 20%, aiming to offset rising costs and support continued capacity build-outs. The higher tariffs, effective next month, underscore robust demand for high-performance computing as generative-AI workloads proliferate.
3. Nokia deepens collaboration with Microsoft by integrating Nokia Data Suite with Microsoft Fabric for telecom network automation. The combined platform promises to shrink operator data-preparation cycles from weeks to minutes, facilitating AI-driven management of multi-vendor mobile networks and opening new revenue opportunities for both partners.
4. Kaixin Auto reports first-half revenue growth of 602%, driven by Hong Kong vehicle sales. The China-focused auto retailer also narrowed its net loss by more than three-quarters, though management warned of liquidity pressures amid rising liabilities.
5. Kaixin Auto’s board approves the issuance of 10 million additional Class A shares tied to the acquisition of Hongkong Taohaoche. The shares will be released from escrow over six years if performance targets are met, increasing potential dilution but securing the strategic transaction.
6. Bank of England keeps its policy rate at 3.75% after a split vote, signalling vigilance over inflation risks. Officials also indicated willingness to tighten further should second-round price pressures emerge from energy-market uncertainties.
7. The Bank of England launches a quantitative-tightening program featuring about £20 billion in annual active gilt sales. The long-term plan aims to normalise the central bank’s balance sheet gradually through 2034, aligning monetary tools with its inflation mandate.
8. The U.S. House Ways and Means Committee advances the Digital Asset Tax Certainty Act, clarifying cryptocurrency taxation. Provisions include excluding small blockchain transaction fees from taxable events and extending wash-sale rules to most digital assets, setting the stage for full House debate.
9. The SEC Chair pledges to use existing authority to deliver regulatory clarity for digital assets in coordination with forthcoming legislation. The statement reflects growing official momentum to formalize oversight as crypto adoption broadens.
10. The U.S. House passes the Ratepayer Protection Act, requiring large electricity users such as data centers to shoulder grid-upgrade costs. The bipartisan measure responds to voter concerns that surging power demand from artificial-intelligence facilities could inflate household utility bills, and now moves to the Senate for consideration.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.