Flash News

TREE NEWS update: S&P Dow Jones Indices will add Bloom Energy, Illumina, and Everpure to the S&P 500 index. The changes take effect prior to the open on a date to be announced. The additions reflect ongoing index rebalancing.

TREE NEWS reports: Spot gold dropped 0.98% to $4,429.07/oz at Friday’s New York close, tumbling from above $4,470 to a daily low of $4,365.73 at 21:01 Beijing time on the US nonfarm payrolls release, breaking the earlier V-shaped rebound. Silver fell 1.22% to $66.1650/oz, while gold and silver posted weekly losses of 0.57% and 0.27%, respectively.

TREE NEWS reports: On Friday, September 4, the Bloomberg Electric Vehicle Price Return Index fell 0.18% to close at 3407.93 points. The index declined 2.96% for the week, with losses continuing through the Asia-Pacific morning session from August 31 to September 2 before gradually recovering.

TREE NEWS reports: The North American Tech Software Index ETF closed down 2.23% at $104.57, bringing its weekly loss to 4.50%. Meanwhile, cybersecurity ETFs also fell: Global X Cybersecurity ETF dropped 0.72% (weekly -3.68%), Nasdaq Cybersecurity ETF slipped 0.77% (weekly -4.03%), and ETFMG Cybersecurity ETF declined 0.70% (weekly -4.15%).

TREE NEWS reports: In S&P 500 sector trading, consumer discretionary closed down 1.26%, energy fell 0.98%, and telecom dropped 0.94%, while information technology/tech rose 0.23% and industrials gained 0.41%.

TREE NEWS reports: On Friday, September 4, US sector ETFs ended mixed. Semiconductor ETFs rose 2.6%, global tech index ETFs gained 1.21%, and tech sector ETFs added 0.72%. Conversely, internet and energy ETFs fell 0.87%, while consumer discretionary ETFs declined 1.33%.

TREE NEWS reports: Lululemon shares fell 17% on Thursday, closing at their lowest level since 2018. The sharp decline marks a significant sell-off for the athletic apparel maker, wiping out billions in market value. The move comes amid broader market volatility and concerns over consumer spending.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 0.8% on Friday, but fell 2.5% for the week. Among popular Chinese ADRs, Baidu gained 4%, Meituan rose 3.9%, and NetEase, Xiaomi, and New Oriental added about 2%, while Alibaba climbed 1.2%. ETFs KWEB rebounded 2% and CQQQ rose 0.4%.

TREE NEWS reports: For the week, the S&P 500 was roughly flat, the Dow fell 0.3%, and the Nasdaq rose 0.4%. The semiconductor index gained 2.2% and memory chip index 5.8%, while software ETF dropped 4.6%. On jobs day, the S&P 500 closed down 0.4%, but the Nasdaq 100 rose 0.2% with Sandisk up 11.6%.

TREE NEWS update: Anthropic is close to appointing Morgan Stanley and Goldman Sachs as core underwriters for its $200 billion IPO. The AI company has not yet confirmed the banks’ roles. If completed, it would be one of the largest tech listings in recent years.

TREE NEWS reports: The Hang Seng Index main night trading session closed up 0.04% at 25,677 points. The Hang Seng Tech Index main night session fell 0.04% to 4,572 points.

TREE NEWS update: Tesla has moved the launch of its Robotaxi network taxi service to 2:00 pm Central Time, responding to user demand. The service was originally scheduled to go live at 5:00 pm CT. The earlier launch time takes effect today.

TREE NEWS update: Volkswagen’s CEO said the company will invest hundreds of billions of euros over the coming years to make its iconic brands more attractive, stronger, and more competitive. The supervisory board’s approval of the 2030 future plan signals a strong commitment to the group’s development.

TREE NEWS reports: Tom Lee, chairman of Bitmine, said on X that about 20% of the top-performing stocks in the Russell 1000 index this quarter are crypto-related. BMNR is up 99% since Q3, ranking 4th; MSTR up 67% (12th); CRCL up 65% (14th); BLSH up 55% (21st). Lee noted with a month left, these strong performers may attract investor attention.

TREE NEWS update: iPronics, a maker of rack-scale optical switching for AI data centers, announced a $125 million Series B round on Sept. 5, co-led by Maverick Silicon and Light Street Capital, with participation from Nvidia, Triatomic Capital, Bosch Ventures, Catalight Capital, and the European Innovation Council Fund. Total funding now stands at $177 million. Proceeds will scale operations and accelerate commercial deployment.

TREE NEWS reports: MSCI Nordic Countries Index was roughly flat at 402.61 points. Among ten sectors, Nordic telecom was the biggest decliner. Biotech firm Novonesis Novozymes B fell 3.1%, the worst performer among Nordic stocks.

TREE NEWS reports: Germany’s DAX 30 index provisionally closed up 0.16% at 26,044.42 points on Friday, capping a weekly decline of about 1.9%. France’s CAC fell 0.08% provisionally, Italy’s FTSE MIB dropped 0.28% with banks down 0.68%, while the UK’s FTSE edged up 0.02%.

TREE NEWS reports: BlackRock portfolio manager Jeff Rosenberg said Friday’s strong US August jobs growth underscores the importance of next week’s consumer price index. He noted the data validates their labor market view and refocuses attention on inflation. Whether the Fed hikes in September depends on CPI progress, with inaction likely if the September 11 report shows improvement.

TREE NEWS reports: US stocks extended losses on [date], with the S&P 500 dropping 0.5% to hit a fresh session low. The Dow Jones Industrial Average fell 0.7%, while the Nasdaq Composite declined 0.4%, reflecting broad market weakness.