01 Stock Market
The U.S. major indexes closed as follows: the Dow Jones Industrial Average was down by 0.17% at 49,359.33; the S&P 500 was down by 0.06% at 6,940.01; and the Nasdaq Composite was down by 0.06% at 23,515.39. Despite the modest decline across benchmarks, breadth reflected notable single-stock dispersion, especially in semiconductors and space-related names. Investors digested mixed mega-cap performance and pronounced moves in selective momentum areas, with risk positioning rotating within growth-heavy segments and recent winners.
Unusual-move stocks saw sharp divergences, led by chips and space. Micron (MU) up 7.76% at $362.75; AST SpaceMobile (ASTS) up 14.34% at $115.77; Rocket Lab (RKLB) up 6.10% at $96.30; Super Micro Computer (SMCI) up 10.94% at $32.64; Advanced Micro Devices (AMD) up 1.72% at $231.83; Microsoft (MSFT) up 0.70% at $459.86; Taiwan Semiconductor (TSM) up 0.22% at $342.40; SanDisk (SNDK) up 1.07% at $413.62. Meanwhile, Nvidia (NVDA) down 0.44% at $186.23; Apple (AAPL) down 1.04% at $255.53; Tesla (TSLA) down 0.24% at $437.50; Palantir (PLTR) down 3.45% at $170.96; Intel (INTC) down 2.81% at $46.96; ProShares Ultra Silver (AGQ) down 5.66% at $243.16.
Strength and weakness also appeared across U.S.-listed ADRs and thematic ETFs. Alibaba (BABA) down 3.24% at $165.40; Vipshop (VIPS) down 8.29% at $16.71; VNET Group (VNET) down 8.14% at $10.56; GDS Holdings (GDS) down 6.31% at $40.66; PDD Holdings (PDD) down 0.65% at $106.76. Semiconductor exposure remained a focal theme: Direxion Daily Semiconductor Bull 3X (SOXL) up 4.60% at $60.75, reflecting sustained interest in AI infrastructure and memory cyclicals amid mixed megacap tech performance.
02 Other Markets
U.S. 10-year Treasury yield rose by 1.71%, latest at 4.23.
USD/CNH rose 0.0359%, at 6.97; USD/HKD fell 0.0141%, at 7.80.
U.S. Dollar Index rose 0.0091%, at 99.37.
WTI crude futures rose 0.24%, at 59.22 USD/bbl; COMEX gold futures fell 0.49%, at 4,601.10 USD/oz.
03 Top News
Riot Platforms signed a long-term data center lease with AMD worth up to $1 billion. The agreement delivers 25 MW of IT load over an initial 10-year term, with three five-year extensions that could lift total contract value to roughly $1 billion. AMD has options to expand capacity by up to 200 MW in total, and Riot plans phased delivery using existing infrastructure, supporting multi-year revenue visibility.
Brazil’s Labor Ministry shut down Sigma Lithium’s waste piles on safety grounds, pressuring restart plans. The order targets three waste piles at the Grota do Cirilo mine, citing “grave and imminent” risk to workers and the local community. Sigma said operations and restart timelines remain intact, but shares fell and regulators dismissed an appeal, heightening oversight on the miner’s largest Brazilian asset.
Novo Nordisk’s Wegovy pill saw 3,071 U.S. retail prescriptions in its first days, signaling early adoption. IQVIA-tracked scripts exclude those filled via Novo’s online pharmacy, suggesting higher total uptake. The data underscores Novo’s first-mover edge in oral weight-loss therapies as competition with Eli Lilly intensifies in a rapidly expanding market.
The administration is weighing an emergency PJM auction to make tech firms shoulder data center power costs. The proposal would enable hyperscalers to bid for 15-year contracts to build new plants across PJM’s multi-state grid, potentially catalyzing up to $15 billion in capacity additions. Power generators responded with price action, while tech companies face growing scrutiny on grid burdens and cost-sharing.
AST SpaceMobile won a U.S. Missile Defense Agency SHIELD program contract, boosting strategic credentials. The award ties into the broader Golden Dome strategy for layered defense across air, missile, space, and cyber domains. Shares jumped as investors assessed program visibility and the company’s roadmap to commercialize space-based cellular broadband.
Micron received a vote of confidence as board member Mark Liu purchased 23,200 shares. The insider buy, disclosed in an SEC filing, reinforced market expectations for continued momentum amid strong memory demand. Memory peers rallied in tandem as investors priced in AI-driven capacity needs and elevated pricing dynamics.
ImmunityBio projected a major revenue surge for ANKTIVA and secured Saudi approval for a new indication. Preliminary results point to full-year ANKTIVA revenue of about $113 million, up sharply year over year. The Saudi Food and Drug Authority authorized use for non-small cell lung cancer, expanding the therapy’s reach and supporting growth prospects.
Talen Energy agreed to acquire about 2.6 GW of gas-fired capacity from Energy Capital Partners for $3.45 billion. The mix includes approximately $2.55 billion in cash and $900 million in stock, expanding dispatchable generation. The deal positions Talen to meet rising electrification and data center demand, enhancing scale and portfolio resilience.
Spotify raised U.S. Premium pricing to $12.99 to support monetization and margins. The change applies to upcoming billing cycles and was communicated to subscribers, aiming to lift average revenue per user. Pricing adjustments reflect content investments and platform scaling amid competitive streaming dynamics.
State Street unveiled an institutional tokenization platform for funds, deposits, and stablecoins. The initiative targets faster settlement, distribution, and liquidity management by putting fund and cash products on-chain. Collaborations with asset managers and in-house teams aim to modernize market infrastructure for money-market and ETF structures.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
