01 Stock Market
The U.S. major indexes closed as follows: the Dow Jones Industrial Average up 0.38% at 48,134.89; the S&P 500 up 0.88% at 6,834.50; and the Nasdaq Composite up 1.31% at 23,307.62.
Unusual-move stocks: Semiconductors and AI-linked names outperformed, while select consumer names lagged. NVDA up 3.93% at $180.99; AMD up 6.15% at $213.43; MU up 6.99% at $265.92; ORCL up 6.63% at $191.97; AVGO up 3.18% at $340.36; GOOG up 1.60% at $308.61; INTC up 1.49% at $36.82; COIN up 2.47% at $245.12; AAPL up 0.54% at $273.67; TSLA down 0.45% at $481.20; DJT up 8.28% at $16.09; RKLB up 17.69% at $70.52; MRNA up 9.21% at $33.80; NKE down 10.54% at $58.71.
02 Other Markets
The U.S. 10-year Treasury yield rose by 0.85%, latest at 4.15.
USD/CNH fell 0.01%, at 7.04; USD/HKD rose 0.00%, at 7.78.
The U.S. Dollar Index rose 0.28%, at 98.72.
WTI crude futures rose 0.96%, at 56.54 USD/bbl; COMEX gold futures rose 0.10%, at 4,368.70 USD/oz.
03 Top News
Nike announced a softer outlook and inventory actions, pressuring margins and the stock. The company signaled weaker North America sell-through and continued promotional activity. Management highlighted steps to clear seasonal inventory, which could weigh on near-term gross margin but help normalize the product pipeline.
Micron raised guidance as HBM and data center memory shipments ramp, lifting revenue expectations. The company said AI server demand is driving pricing and mix tailwinds, supporting capacity additions. Stronger bit growth and improving pricing are expected to bolster gross margins in coming quarters.
Oracle expanded AI cloud partnerships and increased shareholder returns, boosting its growth narrative. The firm unveiled new collaborations to bring foundation models and inference services to its cloud. Management also greenlit a larger repurchase authorization, aiming to support EPS and capitalize on cloud momentum.
Rocket Lab secured a multi-launch defense contract, strengthening backlog and revenue visibility. The agreement adds government missions to its pipeline, highlighting demand for responsive launch. The company indicated schedule flexibility and mission assurance were key differentiators for the award.
Moderna reported promising clinical results for a next-generation vaccine, and flagged regulatory steps ahead. The company said efficacy and safety data met key endpoints for the candidate. It plans near-term regulatory submissions and reiterated confidence in its cash runway to fund pipeline development.
Palantir won a new U.S. government data platform contract, expanding public-sector exposure. The award adds to recurring software revenues and supports annualized run-rate growth. The company said the deal builds on prior deployments and improves cross-agency interoperability.
AMD launched new data center accelerators and software updates aimed at AI training and inference. Management highlighted performance-per-watt gains and broader ecosystem support. Customer interest across cloud and enterprise workloads is expected to drive shipments and revenue diversification.
Coinbase introduced an institutional staking service to deepen recurring revenues under compliance controls. The platform offers custodial solutions with enhanced reporting tailored to institutions. The company said demand for on-chain yield with robust risk management is growing among asset managers.
Tesla offered year-end incentives and price adjustments to spur deliveries, raising margin questions. The company emphasized operational leverage and cost reductions to offset pricing moves. Analysts and investors are watching order intake and delivery cadence for near-term impact on profitability.
Kiwi Property completed the sale of The Plaza, improving balance sheet flexibility and reducing gearing. The transaction strengthens liquidity and supports capital recycling for higher-return projects. Management said the sale, completed recently, positions the company to better navigate the rate environment.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
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