01 Stock Market

The U.S. major indexes closed as follows: Dow Jones down 0.67% at 51,481.51; S&P 500 down 0.77% at 7,683.69; NASDAQ down 0.92% at 26,820.38. U.S. equities ended broadly lower, with the Dow, S&P 500, and NASDAQ all finishing in the red. The pullback was led by weakness in high-growth technology and semiconductor names, while a few selected leaders held up better than the broader tape.

Unusual-move stocks were mixed, with several big-cap technology names under pressure while a few stock-specific catalysts lifted other names. NVIDIA was up 1.68% at $228.86, while Apple fell 0.78% to $338.40. Among other notable movers, Meta Platforms declined 4.79% to $715.62, Advanced Micro Devices fell 3.61% to $607.87, and Intel declined 5.67% to $116.03. On the upside, MongoDB plunged 18.46% to $334.68, Bloom Energy fell 8.95% to $262.87, while SOXS rose 6.17% to $34.43.

Among Chinese and other U.S.-listed names, several smaller-cap stocks saw outsized moves alongside a handful of stronger performers. Beyondspring surged 44.11% to $1.12, Kandi jumped 39.46% to $0.82, Chaince Digital Holdings rose 22.33% to $6.52, Cango gained 19.90% to $2.29, and Viomi Technology climbed 17.78% to $1.59. On the downside, VNET Group declined 9.94% to $5.98, Zepp Health fell 6.04% to $3.89, and Smart Powerr plunged 18.19% to $0.13. Larger names were more restrained, with NetEase up 4.88% at $121.04 and KE Holdings rising 3.80% to $16.95.

02 Other Markets

The U.S. 10-year Treasury yield rose by 0.00%, latest at 5.24.

USD/CNH fell 0.0979%, at 6.73; USD/HKD fell 0.0027%, at 7.85.

U.S. Dollar Index fell 0.0198%, at 101.18.

WTI crude futures rose 0.80%, at 93.34 USD/bbl; COMEX gold futures fell 0.32%, at 4154.90 USD/oz.

03 Top News

1. Goldman Sachs’ board discussed a succession plan for chief executive David Solomon. The Wall Street Journal reported that the board has considered naming Chief Operating Officer John Waldron as the next CEO. Reuters said it could not independently verify the report. The discussion points to potential leadership change at one of Wall Street’s largest banks.

2. Navitas Semiconductor received an Army grant to develop ultra-high-voltage silicon carbide technology. The project supports a new domestic manufacturing process for 10-kilovolt semiconductor devices. The company said the work is tied to mission-critical systems used by the armed forces. The news sent Navitas shares sharply higher in aftermarket trading.

3. AMD agreed to acquire World Labs to deepen its AI and robotics strategy. AMD said the deal brings in a research team led by Fei-Fei Li and expands its ability to build AI hardware, software, and systems. The company framed the acquisition as a way to better understand emerging model workloads. The transaction underscores AMD’s push beyond chips into broader AI infrastructure.

4. Boeing’s 737 MAX 10 certification was delayed by U.S. regulators. The Federal Aviation Administration said it will hold off certification until a newly disclosed software issue is resolved. Boeing said it is working on a software update to permanently address the problem. The delay adds another setback to the planemaker’s effort to bring the jet to market.

5. Micron is heading into earnings with investors focused on memory demand. A Dow Jones analysis said AI companies continue to indicate they need more memory than they have. The commentary argued Micron may be closer to a re-rating if demand stays strong. The setup makes the company’s upcoming report a key read-through for the memory and AI supply chain.

6. Nvidia expanded its buyback authorization by another $150 billion. The company’s board lifted the total amount available for repurchases to $235 billion through early 2028. Management’s move signals confidence that the stock remains undervalued. The announcement also reinforced investor attention on capital returns at the AI leader.

7. Nvidia launched its Open Agent Safety Platform as open source software. CEO Jensen Huang said the “sandbox” is meant to be visible to the wider industry so vulnerabilities can be found quickly. The company said the approach is designed to improve safety and patching speed. The release adds another layer to Nvidia’s AI software ecosystem.

8. Strategy disclosed another Bitcoin purchase in a new SEC filing. The company said it bought 1,665 Bitcoin for about $142.7 million at an average price of $85,681. Strategy said it now holds 847,000 Bitcoin valued at about $64 billion. The filing extends the company’s aggressive crypto accumulation strategy.

9. The SEC issued a reminder to firms on valuing hard-to-sell private assets. The agency urged more robust valuation work and clearer disclosure around fair value estimates and risks. It did not propose new rules, but the statement signals tighter scrutiny. The guidance matters for funds facing rising redemption pressure and illiquid holdings.

10. U.K. counterterrorism police continued probing a suspected plot at a base hosting U.S. forces. Authorities said five men remain under investigation after arrests near RAF Fairford. Officials said the base may have been targeted because it hosts U.S. military aircraft. Iran’s embassy rejected attempts to link the country to the case.

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