Market
September 30, U.S. stocks opened on a firmer footing as investors welcomed upbeat tech earnings and steady macro signals. The Dow Jones added 0.13% or 67.87 points to 51,417.79, the S&P 500 rose 0.30% to 7,693.92, and the Nasdaq Composite climbed 0.43% to 26,913.12, with risk-on appetite strongest in growth and chip names.
Connect Biopharma Holdings Ltd. skyrockets 79.45% after a successful Phase 3 eczema study, while Reto Eco-solutions Inc. leaps 21.65% on a major U.S. infrastructure order. Strategy rallies 4.90% as bitcoin prices surge, NEBIUS gains 4.71% after debuting a next-gen AI accelerator, and Intel advances 2.65% on raised guidance. Li Auto motors ahead 2.32% on record deliveries, and Viomi Technology Co. improves 3.40% on restructuring hopes. In contrast, Moderna, Inc. dives 7.42% on cooling vaccine demand, Cerebras Systems slides 7.36% amid competitive worries, and Tesla Motors eases 0.72% following fresh price cuts.
Sector-wide momentum lifts Direxion Daily Semiconductors Bull 3x Shares 1.50%, while ProShares UltraPro QQQ adds 1.17% alongside broad tech strength. NVIDIA tacks on 0.93% after securing new cloud GPU orders, Apple edges up 0.68% on strong iPhone preorders, and Oracle dips 0.65% as investors question cloud growth targets.
News
Micron Technology tops earnings forecasts, boosts full-year outlook. Robust AI-memory demand drove revenue above estimates and lifted margins, reinforcing confidence in the semiconductor up-cycle.
Tesla Motors cuts Model Y prices in the U.S., shares retreat 0.72%. The move aims to sustain volume growth but stokes concerns over gross-margin compression ahead of year-end deliveries.
Connect Biopharma Holdings Ltd. posts positive eczema trial data, stock soars 79.45%. Management plans an imminent FDA filing, positioning the biotech for potential first-to-market status in a $10 billion segment.
Reto Eco-solutions Inc. secures $120 million green-materials contract, jumps 21.65%. The deal with a U.S. developer could double annual revenue and expand its foothold in sustainable construction.
Strategy gains 4.90% as bitcoin approaches two-year highs. The software firm’s large crypto portfolio amplified the rally, increasing its market value and liquidity.
Alphabet unveils next-generation Gemini AI suite, shares add 1.35%. New multimodal features aim to strengthen the company’s competitive edge in cloud services and enterprise adoption.
Intel raises third-quarter revenue guidance, stock climbs 2.65%. Improved demand for data-center and AI accelerators underpins expectations for a return to double-digit growth.
NVIDIA clinches multibillion-dollar GPU supply deal with CoreWeave, rises 0.93%. The long-term agreement secures capacity through 2028, highlighting sustained investment in AI infrastructure.
Federal Reserve signals rate pause, boosting equities. Chair Powell said policy is “sufficiently restrictive,” tamping down fears of further hikes and supporting risk sentiment.
U.S. initial jobless claims decline to a three-month low, suggesting resilient hiring. The data bolsters the soft-landing narrative and underpins consumer spending expectations heading into the holiday season.