01 Stock Market
As of Mar 25, U.S. stock index futures performed as follows: Dow Jones contracts advanced about 1.07%, the Nasdaq 100 gained roughly 1.21%, and the S&P 500 was higher by around 1.02%. The rebound follows Monday’s pull-back and reflects bargain hunting in large-cap technology names, renewed hopes for a Middle-East cease-fire, and a steep retreat in crude oil that tempered inflation concerns. The futures curve also signals calmer volatility expectations, helping risk appetite ahead of the opening bell.
Notable Stock Movers: Semiconductor momentum stayed in focus after fresh product news, with ARM up 8.37% at $146.26 and NVDA up 1.62% at $178.04. Strength spread across levered chip ETFs: SOXL up 5.48% at $57.97, while the inverse SOXS fell 5.26% at $35.49. Gold-linked vehicles rallied alongside the metal, with AGQ up 10.26% at $113.50. Chinese consumer platforms outperformed: BABA up 3.47% at $129.84 and JD up 3.75% at $28.50. In contrast, discount marketplace PDD fell 2% in price discovery after missing revenue forecasts, trading down to $99.96. Electric-vehicle bellwether TSLA rose 1.95% at $390.50, while legacy chipmaker INTC climbed 4.09% at $45.86 on renewed data-center demand chatter.
Sector breadth improved: technology, precious-metal miners, and China ADR baskets all posted pre-bell gains, whereas select defensive utilities lagged. The advance/decline line in early trading leans positive, yet traders remain alert to another round of corporate earnings this week and any geopolitical headlines that could quickly shift sentiment.
02 Other Markets
• 10-year U.S. Treasury yield fell 1.81%, to 4.31%.
• U.S. Dollar Index rose 0.03% to 99.23.
• WTI crude oil futures fell 5.64% to 87.14 USD/barrel; COMEX gold futures rose 4.03% to 4 579.50 USD/ounce.
03 Key News
1. Arm Holdings launched its first data-center artificial-intelligence CPU, expanding into chip production and winning Meta and OpenAI as early adopters. The Arm AGI processor targets server workloads traditionally handled by Intel or Nvidia CPUs, broadening Arm’s total addressable market. Analysts called the move “incremental but not conflicting” with Nvidia’s flagship GPUs, and Arm shares surged in pre-market trading.
2. Cipher Digital secured a 15-year data-center lease with a hyperscale tenant and arranged a revolving credit facility of up to $200 million. The accord, led by Morgan Stanley, boosts liquidity for growth projects and carries an undrawn balance at signing. The facility matures in 2030 at SOFR plus 125–175 basis points, underpinning expansion without immediate dilution.
3. PDD Holdings reported quarterly revenue below consensus, sending the stock lower in early trade. The parent of Pinduoduo and Temu logged ¥123.9 billion in sales and a year-on-year net-income decline of 11%. Management cited softer discretionary spending on its China platform, partially offset by overseas growth.
4. Meta Platforms adopted a new executive-compensation plan that links long-term awards to achieving a $9 trillion market value. The target, six times today’s capitalization, aims to align leadership incentives with aggressive growth objectives through 2031. Shares ticked higher on the additional performance kicker.
5. DigitalOcean launched a public offering of up to $700 million in stock to fund AI-focused infrastructure and pay down debt. Management said proceeds will expand data-center capacity and strengthen the balance sheet. The announcement weighed on the share price amid dilution concerns.
6. KB Home cut its full-year delivery and margin guidance, warning that geopolitical uncertainty is pressuring housing demand. The builder now expects 2026 revenue near the lower end of its prior range and flagged potential cost inflation from supply-chain disruptions. Pre-market quotes showed the stock under pressure.
7. SpaceX is preparing a confidential IPO filing that could seek more than $75 billion, positioning the rocket and satellite operator for a record-setting U.S. listing. Advisors expect the paperwork to reach regulators within days, with a possible June debut; valuation details will be determined closer to launch.
8. Kuaishou Technology’s fourth-quarter revenue grew 12% as monetization of its Kling text-to-video AI tool accelerated. Adjusted profit beat expectations, helped by a 19% jump in research spending on generative-AI products. The company sees growing global uptake among enterprise users.
9. Fundrise Innovation Fund shares soared more than 1 500% above net asset value, spotlighting a demand frenzy for pre-IPO stakes in SpaceX and Anthropic. Only a small float is freely tradable due to six-month lock-ups, and analysts warned new buyers that the extreme premium erodes risk-adjusted returns.
10. The Reserve Bank of Australia advanced Project Acacia to explore tokenization of real-world assets, outlining plans to integrate distributed ledger settlement into the national financial system. Officials said successful trials could enhance efficiency and transparency, although regulatory frameworks must evolve before broader deployment.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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